In Wednesday's South Asia papers

06 August 2008 05:30  [Source: ICIS news]

THE TIMES OF INDIA

Front Page

J&K violence: PM to hold all party meet
As violence continue unabated in Jammu as well as Kashmir Valley, Prime Minister Manmohan Singh will meet top leaders of political parties on Wednesday to discuss measures to calm the situation in the state and seek a consensus on how to end the impasse.

Indian immigrant shot dead in Arizona
A 62-year-old Indian immigrant was shot dead at a convenience store by an African-American man in Arizona

Business

US Federal Reserve leaves interest rates unchanged
The US Federal Reserve left interest rates unchanged on Tuesday as it battles with the duelling concerns of inflation and sluggish growth in the US.

New payment system for IPOs by Aug 10
An alternate payment system for public issues, which will not withdraw retail investors' money unless shares are actually allotted to them, will be launched as a pilot project by August-end, Sebi chairman CB Bhave said on Tuesday.

THE ECONOMIC TIMES

Front Page

Stocks open gap-up on strong global cues; Sensex above 15k
National Stock Exchange’s benchmark Nifty on Wednesday opened at 4572, up 70 points.

Google & Apple effect: Nokia changes, adopts external R&D
In a major strategy change, handset major Nokia is re-engineering its research and development (R&D) model world-wide to tackle growing competition from unconventional sources of competition like Apple’s iphone and Google’s mobile phone platform Android.

Business

Copper futures seen opening firm, gold higher
Copper futures are expected to open firm on Wednesday tracking overnight markets in London and New York, an analyst said.

Oilseed futures seen lower on global cues
Oilseed futures may open lower on Wednesday tracking weak global edible oil markets, which fell on three-month-low crude oil prices, analysts said.

THE BANGLADESH TODAY

Front Page

Average voters turn out were 80%: CEC
Chief Election Commissioner (CEC) ATM Shamsul Huda on Tuesday sought pardon from those voters who have failed to cast their votes even after showing their ID cards in the local polls held on August 04.

Hasina hails city polls, urges EC to be more aware for next polls
Hasina urged all concerned - including the incumbent government and the Election Commission - to be more careful in their respective duties and responsibilities considering citizens' rights as per the Constitution.

Business

Plastic industry cries for govt. support
The plastic goods manufacturers have sought government support to help flourish the sector which earns in foreign exchanges a year through direct and indirect exports.

Security analysts stress coordinated efforts against terror financing
Security and financial analysts on Tuesday find lapses in and coordination among concerned agencies as major obstacles in preventing terror financing as a two-day international workshop was kicked off here to review the money flow situation in terror links.

DAILY MIRROR

Front Page

Earth tremor in Tangalle
An earth tremor was recorded from Tangalle this morning, the National Geological Survey and Mines Bureau confirmed.

I'm no cameraman – Mervyn
Minister Mervyn Silva today told Daily Mirror that he did not forcibly remove the camera of the Sirasa TV crew at the opening of the second installment of the Kelaniya flyover held yesterday. "I'm not a cameraman, so I do not need cameras", Minister said.  

Business

Eshana De Silva appointed Director Pan Asia Bank
Eshana de Silva, Chairman, Shermans Logistics (Pvt) Ltd., Shermans Transport (Pvt) Ltd., Esna Holdings (Pvt) Ltd., Deputy Chairman/Managing Director, Shermans International (Pvt) Ltd. and Board Member of the Board of Investment of Sri Lanka (BOI) has been appointed as a Director of Pan Asia Bank.

Aitken Spence turnover up at Rs6.3bn in 1Q
Aitken Spence released its first quarter financial results to the Colombo Stock Exchange on Tuesday, reporting Rs387m ($5.37m) as profit attributable to the shareholders for the three months ended 30th June 2008, a growth of 13.6%, compared to last year.

DAWN

Front Page

PPP, PML-N agree to act against Musharraf
Pakistan People’s Party and Pakistan Muslim League-N on Tuesday agreed to formally ask President Pervez Musharraf to step down and to impeach him through parliamentary measures if he did not oblige, sources in both the parties told Dawn after talks between their leaders at the Zardari House here.

TTP threatens to launch suicide attacks across country
Highly-motivated ‘boys and girls’ are eager to mount suicide attacks all over the country, including Karachi, targeting high-profile government functionaries, according to the Tehrik-i-Taliban Pakistan.

Business

Fund comes to market rescue
Equity Market Opportunity Fund (EMOF) came to the rescue of the stock market on Tuesday, after all other planks plastered by the regulators crashed under the weight of the market fall which had witnessed the KSE-100 index dip to below 10,000 points on Monday, the lowest in two years.

Ogra raises wellhead gas prices by 35%
The Oil and Gas Regulatory Authority (Ogra) has increased wellhead gas prices up to an unprecedented 35% for 12 production companies with effect from July 1, 2008 owing to rise in international crude and furnace oil rates over the last six months.

BUSINESS RECORDER
No news update

By: Staff Reporter
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