In Wednesday's South Asia papers

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

THE TIMES OF INDIA

Front page

Thai company says INS Tabar sank its vessel
A Thai ship-owner said that one of his fishing trawlers was missing along with 14 sailors. He claimed it was the ship that INS Tabar sunk as a suspected pirate ship.

Jail for Delhi Jal Board ex-CEO for polluting Yamuna
The Delhi HC ordered a two-week jail term for former DJB CEO Arun Mathur and two other DJB officials for their failure to prevent sewage from flowing into the Yamuna.

Business

Citi's India equities head quits
The head of Citigroup's securities business in India, Brian Brown, is leaving the firm he worked for over eight years.

DoT invites bids for mobile no. portability
When fully operational, MNP will allow subscribers to retain their existing telephone number when they switch from one access service provider to another.

THE ECONOMIC TIMES

Front page

Stocks seen volatile amid mixed global cues
Mixed global cues and derivative contracts expiry for November would have a bearing on the markets.

Slowdown blues: Fate of big IPOs hangs in balance
Uncertainty looms large over prospects of IPOs like Future Ventures India and Adani Power with no signs market recovery.

THE BANGLADESH TODAY

Front page

Army Chief to request govt to withdraw emergency before poll
Army Chief General Moeen U Ahmed on Tuesday said that he would request the caretaker government to withdraw the state of emergency before the parliamentary election.

No poll to be held under state of emergency: Hossain Zillur
Commerce Adviser Hossain Zillur Rahman said on Tuesday that no parliamentary election will be held keeping state of emergency in operation.

Business

79,000 people achieve self-sufficiency through BRDB micro- credit in Ctg
A total of 79,000 low income and poor people in the district had been achieved self sufficiency by utilizing micro- credit under credit programmes of Bangladesh Rural Development Board (BRDB).

Income tax to replace slowdown in import duty : Mirza Aziz
Finance Adviser Dr AB Mirza Azizul Islam on Tuesday said the government is putting increased emphasis on collection of income tax and value-added tax (VAT) as the collection from import duty is on the decline.

DAILY MIRROR

Front page

Doctor killing: 3 suspects shot dead
Three men suspected to have been involved in the killing of a doctor in Batticaloa were shot dead by police last night. They were killed during an exchange of fire between police and the gunmen.

Bangkok Airport shut down by protesters
Thousands of anti-government protesters caused a partial shut down of the Bangkok airport this evening as they stormed the passenger terminal armed with golf clubs and long wooden sticks.

Business

CBSL slashes SRR to 7.75%
The shortage of liquid Dollar balances in global financial markets arising from the ongoing international financial crisis and the higher demand for domestic funds have caused a prolonged liquidity shortfall in the domestic financial markets.

SL undeterred by global financial crisis
Sri Lanka will not be affected by the financial crisis as much as any other country, due to its ‘not so sophisticated’ financial market structure and institutions as the local banking model is simple and not exposed to global investments and derivatives, a senior banker said yesterday.

DAWN

Front page

Troops reassert control over Bajaur hot spots: Early end to operation ruled out
Security forces have flushed out militants from some of their strongholds in Bajaur and regained control of most of the troubled spots, including Lowi Sam, the Frontier Corps inspector-general said on Saturday.

Mini-jirga to work for bringing Taliban to table

The Pakistan-Afghan mini-jirga, which begins here on Monday, will thrash out modalities for engaging the Taliban and other warring factions in talks to end the seven-year-old bloody conflict

Business

Businessmen urge govt to avoid IMF: Number of poor rises to 44pc
Poor are now well over 44 per cent of Pakistan’s population who include 28 per cent living in abject poverty, Shaukat Tareen, the prime minister’s adviser on finance, informed a packed hall of moaning and groaning businessmen here on Saturday at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).

Ginners suspend trade activities
The Pakistan Cotton Ginners’ Association (PCGA) announced on Saturday to stop all kinds of trade activities in cotton and lint till 30 Oct in protest against unscheduled and hours-long loadshedding.

BUSINESS RECORDER

Front page

Four rockets hit Peshawar
Four rockets were fired in various areas of Peshawar late on Thursday triggering panic and distress among the citizens, Aaj TV reported.

Qureshi to meet Parnab today
Foreign Minister Shah Mehmood Qureshi will meet Indian counter-part Pranab Mukherjee to hold bilateral talks here on Wednesday.

Business

$1bn from donors will be added to reserves during December

Pakistan would be able to avail $1bn from other than the IMF donors including $500m from World Bank and $450m from Asian Development Bank, says an official.

No support to stock market without Fund's prior approval
The International Monetary Fund (IMF) has restricted Pakistan from lifting the stock exchange 'floor' or from providing any financial support to the bourse, without prior approval of the Fund, sources in Finance Ministry told Business Recorder.

By: Staff Reporter
+44 20 8652 3214

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