In Monday's South Asia papers

05 January 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Kasab thought he was on Mission Kashmir
The terrorists who took part in the 26/11 attack on Mumbai were motivated and brainwashed by their handlers into believing they were fighting for the liberation of Kashmir.

DDA draw may be shelved
While the news of the suspected scam in allotment of DDA flats caused outrage among those who missed out, there is now some bad news for  the lucky ones who made it.

Business

Another Nagarjuna official held
Immigration officials at Indira Gandhi International Airport, Delhi, arrested Gokaraju Satyanarayana Raju, an accused in the Nagarjuna Finance Ltd case, in the wee hours of Saturday while he was waiting for immigration check to fly to Israel.

Set financial goals, and go for them
Hope you are sticking to New Year resolution for a washboard ab. And sure it must be hurting very badly. Here is one more resolution, a  financial one, for a change which won't cause any pain. It is very simple: Have a plan.

THE ECONOMIC TIMES

Front page

A 'stimulating' rally likely on Dalal Street
Equities are likely to open strong on Monday in response to the slew of policy measures announced over the weekend to protect India from a slumping global economy and a strong close in the US market on Friday.

PwC may review its 'continuance' with Satyam Computer
The statutory auditor for Satyam Computer Services, PricewaterhouseCoopers (PwC), may review its “continuance” with the troubled software firm. The company’s image has been tarnished after its scuppered bid to buy two firms linked to its promoter B Ramalinga Raju.

THE BANGLADESH TODAY

Front page

New Govt takes oath on Jan 6
Selection of Cabinet members by the Awami League-led grand alliance is at the final stage.

BNP MPs-elect didn’t take oath
In pursuance of a decision taken after a series of meetings by BNP and Jamaat, their MPs-elect didn't take oath on Sunday and said they would join the parliament to make it effective but the date of taking oath will be announced later on.

Business

Dubai dream turns sour as job losses mount
Dubai's rapid expansion in recent years provided jobs for millions. But the global financial meltdown has abruptly ended the dream for many people as more and more firms sack staff to cut costs.

Growth in Cambodian tourist arrivals slows in 2008
Tourist arrivals in Cambodia were up eight percent in 2008, half the expected growth as Thailand's airport closures and the global credit crunch took their toll, the tourism minister said Sunday.

DAILY MIRROR

Front page

No decision on handing over Prabha - Govt 
The government says that the future of LTTE leader Vellupillai Prabakaran, if he is captured alive, will be in accordance with international conventions and so far there was no decision if he will be handed over to India to be tried for the killing of former Prime Minister Rajiv Gandhi.

Polls in the North soon
Local Government polls in the Jaffna including for the Jaffna Municipal Council will be held before April and Local Government and Provincial Council Elections in the North will be held within six months from the final victory in Mullaitivu, Transport Minister Dulles Alahapperuma said today.

Business

Time ripe for Fed inflation target: Bullard
Setting an explicit inflation target would help the US Federal Reserve keep deflation at bay now that interest rates have been cut to almost zero, a top central banker said on Saturday.

Fall of LTTE and interest rates biggest line up for SL in 2009
In the wake of the Sri Lankan Army liberating Kilinochchi from LTTE after ten years under siege, a leading CEO said that the potential fall of the LTTE and the indirectly linked fall of interest rates are two significant events and trends that could star in the New Year and ones which would impact positively on the economy.

DAWN

Front page

Israeli tanks and artillery battle Hamas fighters
Tens of thousands of Israeli troops backed by tanks and artillery battled Hamas fighters in Gaza fields and roads on Sunday as the Palestinian death toll from the Israeli military aggression passed 500.

Suicide bomber kills seven in D.I. Khan
At least seven people, three of them policemen and two journalists, were killed when a suicide bomber blew himself up in front of the Government Polytechnic College near an imambargah on Multan Road.

Business

Obama's commerce pick Richardson bows out
Bill Richardson, president-elect Barack Obama's pick to be commerce secretary, said Sunday he was withdrawing his name owing to an investigation into a company doing business with his state of New Mexico.

Oil prices higher in Asia on Mideast conflict
World oil prices rose in Asian trade Monday, fuelled by the ongoing conflict in the Middle East after Israel stepped up its military onslaught on Gaza, analysts said.

BUSINESS RECORDER

Front page

Three policemen, two journalists among six killed in DI Khan suicide blast 
At least six people including three policemen and two journalists were killed and scores injured in a suicide attack on police van near Poly Technical College here on Sunday, Aaj TV reported.

Monetary overhang from government borrowing to persist
Finance Ministry has conceded that monetary overhang from the unprecedented government borrowing from the State Bank of Pakistan (SBP) for budgetary support would continue to frustrate the decline in imported inflation.

Business

Seeking specific incentives: ECC grills Ministry of Industries
Ministry of Industries has been grilled by the Economic Co-ordination Committee (ECC) of the cabinet for seeking company specific incentives through revised Letter of Intent (LoI) after the Federal Board of Revenue (FBR) raised eyebrows on the issue, official sources told Business Recorder.

'Legislative Cover' for investors soon: minister
Federal Minster for Investment Senator Waqar Ahmad has said that to encourage the investors in the country government is preparing a "Legislative Cover" for the protection of the foreign as well as local investors, besides offering them some other incentives. 

By: Staff Reporter
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