In Thursday's South Asia papers

20 November 2008 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Final phase of polling begins in Chhattisgarh
Voting for the final phase of the assembly elections began for the 51 seats in eight districts of the state.

ATS may arrest Abhinav Bharat leader today
Sudhakar Chaturvedi, the national coordinator for the Abhinav Bharat organisation, who the police claim has admitted to his role in planning the Malegaon blast, is likely to be arrested by the Anti-Terror squad on Thursday.

Business

Rupee opens at record low per dollar
The Indian rupee opened at a record low of 50.50 per dollar on Thursday as a sharp fall in Asian share prices raised worries of foreigners cutting local equity holdings and repatriating the funds.

Crude dips to $53, a 22-month low
20 Nov 2008, 0015 hrs IST London's Brent crude fell $1.23 to as low as $50.61. Oil has slid by about one-third from its record highs above $147, struck in July.

THE ECONOMIC TIMES

Front page

Rupee at all time low of 50.50 vs US dollar
Rupee opened at a record low of 50.50 per dollar on Thursday as a sharp fall in Asian share prices raised worries of foreigners cutting local equity holdings and repatriating the funds.

Cross currency headwinds for IT firms
Though top IT firms such as Infosys, TCS and Wipro posted a mere 2-5 % growth in dollar revenues in the July-September quarter, roads could get rougher ahead in the October-December quarter (3QFY09).

THE BANGLADESH TODAY

Front page

No consensus among political parties, Govt to hold polls as scheduled
Removing all confusions and uncertainty, the caretaker government on Wednesday made its stand clear that parliamentary and upazila elections will be held on 18 December and 28 December respectively as per previous schedule.

Hasina urges political parties to participate in poll on 18 Dec
Awami League President Sheikh Hasina on Wednesday called upon all political parties to take part in the parliamentary election schedule to be held on 18 December in order to switch over and restore democracy in the country.

Business

Bank shares salvage DSE from fall
The Dhaka Stock Exchange (DSE) witnessed a steady growth on Tuesday after four days of consecutive fall, although most shares incurred losses during the day's trading.

Oil prices drop close to $50
Oil prices dropped on Wednesday, with Brent crude falling close to 50 dollars a barrel, as demand for energy weakens worldwide and as the market awaits data on the health of US crude stockpiles.

DAILY MIRROR

Front page

Muhamalai battle kills over kills 50 LTTEers
Over 50 LTTE carders, 10soilders were killed and 30 solders were wounded during the capturing of 800m long 8km wide LTTE line in Muhamalai since Saturday.

Muhamalai LTTE defence line captured
A part of the LTTE defence line in Muhamalai was captured by the army this morning following a fierce battle, the military confirmed.

Business

Global crisis to hit Sri Lankan economy - expert
The global crisis that has hit leading nations is in comparison unlikely to affect the Sri Lankan economy "significantly", a capital market expert stated.

Nestle bags best corporate citizen award 2008
Nestle Lanka PLC, one of the largest multinational companies operating in the country won the prestigious the ‘Best Corporate Citizen’ for the year 2008 at an awards ceremony held on Tuesday.

DAWN

Front page

US adds settled area to hit list: Al Qaeda’s Arab operative killed in Bannu attack
A suspected US drone fired two missiles on a residential compound in Janikhel area of Bannu district on Tuesday night, killing four people and injuring four others, officials said.

No military solution in Afghanistan, Nato agrees with Kayani
Nato and Pakistan agree on the need for a "comprehensive approach" to tackle the insurgency in Afghanistan and in Pakistan’s tribal areas, Nato officials said following a first-ever meeting between Army Chief General Ashfaq Kayani and the alliance’s influential defence committee.

Business

Rs103bn parked in T-bills after yields raised
The State Bank on Wednesday significantly increased cut-off yield on treasury bills, which attracted much more liquidity than expected by it.

‘British firms not winding up projects in Pakistan’
British High Commissioner in Pakistan Robert Brinkley has dispelled the impression that British companies operating in Pakistan were winding up their projects.

BUSINESS RECORDER

Front page

Cabinet approves economic stabilisation plan
The Federal Cabinet has approved economic stabilisation plan and directed the Ministry of Finance to finalise negotiations with International Monetary Fund (IMF) for reaching a formal agreement.

National Assembly passes Industrial Relations bill amid PML-N walkout
The National Assembly on Wednesday passed the Industrial Relations Bill-2008 amid walkout of the Pakistan Muslim League-N parliamentarians, protesting against the Bill.

Business

Shahbaz opens Shanghai's investment seminar
Punjab Chief Minister Shahbaz Sharif on Wednesday inaugurated seminar on investment in China's industrial city, and witnessed several agreements signed between the Punjab government and Chinese companies.

$60bn uplift projects presented to Friends of Pakistan
Pakistan has presented about 71 projects worth nearly $60 bn to the Friends of Democratic Pakistan Group in Abu Dhabi seeking partnership to support its ventures in infrastructure, agriculture and education development along with medium/small dams construction.

By: Staff Reporter
+44 20 8652 3214

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