In Friday's South Asia papers

08 August 2008 06:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Islamic group threatens to attack Beijing Olympics
An Islamic group that has threatened to attack the Olympics released a new video warning Muslims to avoid planes, trains and buses used by Chinese, a US group that monitors militant organistions said.

US gives NSG exemption draft, minus offending para
After working through Indian concerns, the US on Thursday circulated a draft exemption text to Nuclear Suppliers Group (NSG) members.

Business

India 2nd-largest wireless market in the world: Study
Mobile telephony has grown rapidly in India, especially during the last three years, with India becoming the second-largest wireless market in the world, says a World Bank study.

Inflation over 12%, but FM says price rise under control
Inflation broke the psychological barrier of 12% on Thursday, highest in over thirteen years, as prices of pulses, spices, eggs, fish and meat among others, continued to rise.

THE ECONOMIC TIMES

Front page

Equities seen lower on weak global cues, inflation
Equities are likely to remain subdued Friday as weak global cues, rise in crude oil prices coupled with inflation topping the 12 per cent mark will weigh on sentiment.

India world's second-largest wireless market: Study
Mobile telephony has grown rapidly in India, especially during the last three years, with India becoming the second-largest wireless market in the world, says a World Bank study.

Business

Hyundai Steel signs coal contract with Rio Tinto
South Korea's Hyundai Steel, has signed a term deal with Australian miner Rio Tinto to receive at least 1m tonnes of coal per year, the country's second-largest steelmaker said on Friday.

Tokyo to get electric car recharging sites
Tokyo Electric Power plans to set up as many as 200 recharging stations for electric cars around the Japanese capital next year, the Nikkei business daily reported on Friday.

THE BANGLADESH TODAY

No news update

DAILY MIRROR

Front page

HRW calls for Tissa'a release
Human Rights Watch is calling on the government to release journalist JS Tissainayagam and two others who have been held without charge since March under emergency regulations.

India won the toss
India won the toss and decided to bat in the crucial third test match played between India and Sri Lanka. Both teams have won one test each so far.

Business

Dearth of skilled IT grads in Sri Lanka
There is a lack of skilled Information Technology (IT) graduates in Sri Lanka, Oracle Country Manager Dr. Vickum Senanayake said.

Cargills Partners Ajanta Mendis
Cargills (Ceylon) PLC, Sri Lanka’s leading retailer and FMCG manufacturer entered into a partnership with the country’s newest sports idol, Ajanta Mendis, naming him the company’s corporate brand ambassador.

DAWN

Front page

President falls back on trusted lieutenants
A beleaguered President Pervez Musharraf reiterated on Thursday his determination to fight back and not to step down after coalition partners agreed to impeach him.

Punjab PA wants 58(2)b scrapped
The Punjab Assembly urged the National Assembly through a unanimous resolution on Thursday to legislate for the removal of Article 58(2)b from the Constitution.

Business

New plants may halve generators import
Dealers expect a decline in generators’ import by at least 50% in case the government succeeds in realisation of various power and alternative energy projects.

BoE puts interest rates on ice
The Bank of England froze British interest rates at 5% on Thursday for the fourth month in a row as it mulled slowing economic growth and high inflation.

BUSINESS RECORDER

Front page

Musharraf to fight impeachment bid: aides
President Pervez Musharraf will defend himself against impeachment, aides said on Friday, a day after the ruling coalition vowed to launch proceedings to drive the key US ally from power.

US says Musharraf impeachment an 'internal' matter
The United States said on Thursday that a move by ruling coalition to impeach President Pervez Musharraf was an "internal" matter for the nation to decide.

Business

Pakistan's foreign exchange reserves decline
The country's foreign exchange reserves further declined by some $328.6m during the last week due to rising current account deficit and slow foreign inflows.

Salaam Bazaar begins in Tokyo from August 9
Embassy of Pakistan would hold a two-day fair titled, "Salaam Bazaar" at Ueno Park, (Tokyo) on August 9. Pakistani cuisine, carpets, handicrafts, marble/onyx and rock salt stall will be set up at the fair.

By: Staff Reporter
+44 20 8652 3214

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