In Friday's South Asia papers

29 May 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Team Manmohan: Sonia, Rahul pick key men
At first look it seemed along expected lines, but then a few surprises surfaced. The delay in announcing Cabinet portfolios betrayed that allocation of jobs was not easy.

No chemicals hub, no Tata money: Mamata Banerjee
Even as new ministers were taking oath on Thursday, a vintage Mamata said she would not allow the proposed chemicals hub to come up in Nayachar in West Bengal.

Business

Inflation unchanged at 0.61%
Annual rate of inflation remained unchanged at 0.61% in the week ended May 16 as in the previous week as against 8.7% in the corresponding week last year.

Tata Motors 'world trucks' to take on Volvo
Tata Motors introduced a whole new range of 'world trucks' developed in collaboration with its South Korean subsidiary Tata Daewoo commercial vehicle company and its European technical centre.

THE ECONOMIC TIMES

Front page

Highly volatile stocks give better returns
In the last 30 days, top BSE-listed 100 stocks with highest beta have given an average 32% more than the benchmark's returns of around 28%.

Citigroup to stay with TCS, Wipro; drops Infosys
Infosys could see around $25m of its annual revenues from Citi go to rivals like TCS and Wipro.

THE BANGLADESH TODAY

Front page

Govt launches national food policy action plan
The government has launched the National Food Policy Plan of Action aiming to ensure food security for all by 2015.

Investigators, prosecutors to try war criminals to be appointed by June
Members of investigation agency, prosecution cell and their subordinate officials will be appointed within coming June to try war criminals.

Business

British PM warns global trade at risk
British Prime Minister Gordon Brown on Thursday warned that global trade was in dire straits due to the economic crisis and called for urgent action against protectionism and trade barriers.

OPEC holds output steady sees economic recovery
The OPEC oil group opted on Thursday to keep its output unchanged, with signs of economic recovery and higher crude prices persuading members to maintain their current production levels.

DAILY MIRROR

Front page

Police probing journos who were on Tiger payroll- IGP
Inspector General of Police (IGP) Jayantha Wickramaratne has claimed that several journalists, mostly Sinhalese, were on the payroll of the LTTE and were thickly involved in the insurgency and that investigations into this is underway.

UN says probe on Sri Lanka can still take place
UN deputy spokesperson Marie Okabe told reporters at the UN yesterday that although the Human Rights Council did not agree to setup a war crimes inquiry in Sri Lanka at this time the session and resolution does not close other avenues for such a probe.

Business

ADB, WTO urge more aid-for-trade efforts to counter the economic crisis
Ministers, trade officials and senior government officials from around Asia today gathered in Siem Reap, Cambodia to discuss the impact of the global crisis on trade, how Aid for Trade can support private sector growth and how to include trade into national development strategies.

Janashakthi Insurance records highest growth rate
Janashakthi Insurance, which has established its number three position in the General Insurance market within a short span of 10 years, has recorded the highest 1st quarter General Insurance growth percentage in Gross Written Premium among the top three quoted insurance companies.

DAWN

Front page

Four blasts kill at least 10, hurt over 80 in northwest
Two bombs exploded in a market in the Frontier capital of Peshawar on Thursday, killing six people, and gunmen on rooftops ambushed police as they arrived at the scene, police said.

UN pleads for more cash for Swat displaced
United Nations disappointed by receiving only 16% of the $543m international aid appeal they had made.

Business

TCP to import sugar, urea to stabilise prices
Arrangements have been made to meet the expected shortfall of both commodities in the coming months, assures TCP.

APFMA cuts flour price by Rs10 per 20-kg
The step was taken after wheat prices declined by Rs30-35 per 40 kg in the open market during the current month.

BUSINESS RECORDER

Front page

Market blasts, gun battle rock Peshawar: 10 dead, 100 injured
Ten people including four police personnel were killed and over 100 others wounded in two consecutive bomb blasts in Qisa Khwani Bazar while in the third incident an alleged suicide bomber struck a security checkpost near Mathani.

Blast in DI Khan kills five security personnel

Five security personnel were killed when a huge bomb blast hits security check post and gunfire was heard on the streets of a Dera Ismail Khan on Thursday, Aaj TV reported.

Business

Global crisis poses risk to Pakistan’s economy: Fund
The global financial crisis and recession pose risk to Pakistan’s economy with it growth, exports, remittances and capital inflow could decline further in the next fiscal year, according to the International Monetary Fund "Regional Economic Outlook: Middle East and Central Asia," released here on Thursday.

Tunisian envoy calls for stronger trade ties
Ambassador of Tunisia, Mourad Bourehla has said that Tunisia is interested to further reinforce its bilateral trade and encourage establishment of industrial units through joint ventures with Pakistan.


By: Staff Reporter
+44 20 8652 3214



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