In Tuesday's South Asia papers

28 October 2008 05:00  [Source: ICIS news]


Front page

Patna youth opens fire in Mumbai bus, shot dead
A 23-year-old Patna man, enraged by Raj Thackeray’s anti-Bihari campaign, pulled out a country-made revolver inside a Mumbai double-decker city bus on Monday, shot at and injured a passenger and held 13 others captive.

Irrational pessimism? Blue chips being sold for a song
The stock market is in turmoil and share prices of most companies are tumbling as if there is no tomorrow.


Darkest Diwali ever at D-Street
Investors are approaching this Diwali with a heightened sense of dread unparalleled in the history of the Indian stock markets.

Beyond US: IT cos look at Europe, Latin America
With the US economy in doldrums, Indian tech majors are now turning their radars towards new locations.


Front page

Buying a burger? Buy a blue chip instead
In yet another attempt to salvage a sinking stock market, market regulator SEBI has made it easier for promoters with over 55% stake in companies to increase their holdings through creeping acquisition.

Dhanteras delivers this year too, over 15,000 cars sold
When all else fails, Motown can fall back on the goddess of wealth to bail it out.


Front page

Cyclone Reshmi wrecks devastation in South-West
Cyclone ‘Reshmi’ swept over southwestern coastal belts of the country early on Monday, leaving at least nine people dead and many houses and crops on vast tracts of land damaged.

"Why shall I not" : Khaleda Zia about poll participation
BNP Chairperson Begum Khaleda Zia on Monday dismissed any uncertainty about her participation in the coming parliamentary election.


Infrastructure, human resources major factors to bar investment: Aziz
Finance Adviser Dr Mirza AB Azizul Islam on Monday said the current state of infrastructural facilities and human resource were major barriers for expected investment growth as World Bank (WB) launched an investment climate assessment report on Bangladesh.

DSE falls sharply for 2nd day
The Dhaka Stock Exchange (DSE) fell sharp fall for the second consecutive day on Monday with the lowest turnover in last two months as the share prices tumbled across the board.


Front page

Committee to study economic crisis in plantation economy
The Plantation Ministry has appointed a committee to study the present status of the plantation economy hit by the global recession, and make recommendations for giving a relief package for those engaged in the industry, Minister D.M.Jayaratne said.

India prepares to send food
In the wake of India pledging 800 tons of essential supplies to the war-affected people in the North, the government said on Monday there was no food shortage in the country.


Policy Perspectives on the SL Economy - IPS report
The scope for reducing Sri Lanka’s debt and its debt service obligations are also limited. The dilemma facing the government is clear; an urgent need to raise investment in the face of a debt burden that leaves it short of money for infrastructure.

Money laundering ‘Parasite’ in the modern world-cj
International Money laundering is a modern day parasite that grows on the wealth created on the basis of free markets, open economies and fast payment systems.


Front page

Reduction in petrol prices proposed
The ministry of petroleum has proposed a reduction of Rs5 per litre in prices of diesel and petrol for next month.

Govt hopeful of funds to generate 3,000MW
Multilateral lenders have agreed to provide funds to help Pakistan generate over 3,000MW to overcome power shortages, Deputy Chairman Planning Commission Salman Faruqui said on Monday.


Leading tea packer pushes up rates
A leading multinational tea packer has increased rates by up to Rs46 per kg while other packers are also likely to follow the suit.

NIB Bank increases capital to Rs40bn
NIB Bank has decided to increase its paid-up capital up to Rs40bn by issuing right shares that will make it top bank in terms of paid-up capital in the country.


Front page

SCBA elections today; Kurd to face PLF candidate
The Supreme Court Bar Association (SCBA) will elect its new president on Tuesday amid rumours that the government is also weighing options to dent lawyers’ movement for reinstatement of deposed judges by having its man in the chair.

World oil prices fall on demand fears
World oil prices fell in Asian trade on Tuesday on concerns a global recession will hurt energy demand, dealers said.


Friends could steer Pakistan out of economic troubles: Gilani
Prime Minister Syed Yousuf Raza Gilani on Monday said that ‘Friends of Pakistan’ could steer the country out of the prevailing economic troubles.

US strikes in tribal areas: foreign investment facing no risk, says Mukhtar
The unabated US air strikes into Pakistan’s tribal region are not affecting the foreign investment in the country, as no substantial capital is at risk in the area, Ahmed Mukhtar, Federal Defence Minster said on Monday.

By: Staff Reporter
+44 20 8652 3214

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