In Friday's South Asia papers

05 September 2008 05:00  [Source: ICIS news]


Front page

Will India clinch NSG waiver for N-deal?
India's nuclear waiver is close to being clinched, and indications are the deal may be completed by Friday. After the first day’s talks in the Nuclear Suppliers Group, the objections are much fewer and many more countries have come around to having India inside the nuclear tent.

12 lakh displaced in Assam floods, toll mounts to 17
The overall flood situation in Assam worsened on Thursday with thousands of people being rendered homeless.


Fiat wants to drive JLR with Tata
After forming a joint venture with Tata Motors, Italian auto major Fiat is now looking to partner the Indian company for Jaguar and Land Rover (JLR) brands and hopes to supply engines for the recently-acquired British marques.

Max India, UK's Bupa ink health insurance JV
Insurance major Max India has signed an agreement with the UK-based British United Provident Fund (Bupa) to set up a health insurance company.


Front page

Equities to open lower on weak global cues
Equities may open lower on Friday tracking the weakness in global markets. However, the market is likely to recover lost ground as the day progresses on easing inflation concerns on the domestic front. Declining crude oil prices may also offer some solace.

World is huge for small cars
The demand for small cars is forcing global carmakers to rethink their plans on big fuel guzzlers and develop compact vehicles. General Motors, once the dominant player in the global car market and the leader for six-decades in a row, has taken a paradigm shift towards compact cars.


Front page

Khaleda will have to apply for bail for release: Hossain Zillur
In recent development--after release of Tarique Rahman the government has decided to release BNP chairperson Begum Khaleda Zia who has stepped into the second year in her confinement.

AL working for DCC polls
Despite the rigid stand of Awami League for not joining any elections before those of the Jatiya Sangsad, AL is working for the polls to Dhaka City Corporation likely to be held by October next.


Govt plans to impose more tax on tobacco
Government is considering imposing more tax on tobacco and raw materials for manufacturing cigarettes and Bidi and packaging materials of those in the mid-term budget review to discourage people from using tobacco.

44.8m mobile phone customers now in BD
The country's mobile phone operators added 14.4 million new customers in the last one year till July this year, raising the total number of users to 44.8 millions.


Front page

Rain, rain
A depression in the lower atmosphere over Sri Lanka is the cause for the heavy rain being experienced in several parts of the country. More rain expected.

SC allows FR petition against Mervyn
The Supreme Court yesterday granted leave to proceed with the rights violation petitions filed by the MTV television channel and its journalist against Minister Mervyn Silva and the IGP, claiming Rs110m as compensation.


SL losing $350m per month in bunkering operations
The sudden exit of Lanka Marine Services (Private) Limited, the market leader of Sri Lanka’s bunkering industry and the lack of a major player in the industry to take its place have hit the country’s bunkering business while the country is losing approximately $350m/month.

Dr. PB Wickrama appointed Acting Chairman of Ports Authority
Vice Chairman of the Sri Lanka Ports Authority R.M.P.B. Wickrama, has been appointed as the Acting Chairman of the SLPA by the Minister of Ports, Aviation, Irrigation & Water Management Chamal Rajapaksha with effect from Tuesday following the resignation of the former Chairman Mr Saliya Wickramasuriya due to personal reasons.


Front page

Outraged parliament wants border raids repulsed
Outraged by the deadly first known ground assault into Pakistan’s tribal belt by US-led coalition forces in Afghanistan, both houses of parliament on Thursday unanimously asked the government to take measures to “repel such attacks in the future with full force”.

17 militants, 9 civilians killed in Swat
Seventeen militants were killed when security forces, backed by helicopter gunships and artillery, pounded militants’ hideouts in Koza Bandai area of Swat’s Kabal tehsil on Thursday. Nine civilians were also killed.


3,459 peasants to get land in Sindh: Micro-credit, housing perks planned
The coalition government of the Pakistan People’s Party and the Muttahida Qaumi Movement plans to launch shortly a series of populist social welfare projects that include allotment of land to landless farmers, training programme for unemployed young people and housing and health insurance for the poor.

KSE calls members’ meeting on 8th
The Karachi Stock Exchange (KSE) has summoned stock brokers to a general meeting on Monday (Sept 8), which it says will “discuss the prevailing market conditions”.


Front page

Four deposed judges of PHC likely to take oath
Four judges of Peshawar High Court who were deposed by former president Pervez Musharraf are likely to take fresh oath today (Friday).

Zardari vows to work with US, defeat Taliban
Likely next president Asif Ali Zardari has vowed that the country will continue to work with the United States to defeat terrorism if he is elected on Saturday.


CCP being strengthened to act against sugar and cement cartels
The federal government has decided to strengthen the Competition Commission of Pakistan (CCP), and deal with cartels in the cement and sugar sector, sources in the Industries Ministry told Business Recorder here on Thursday.

Pakistan will probably avoid debt default
Pakistan will probably avoid the sovereign debt default that markets increasingly expect, even though the country faces more downgrades to its credit rating as it grapples with dwindling reserves and a sliding currency.

By: Staff Reporter
+44 20 8652 3214

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