In Thursday's South Asia papers

11 June 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Witness protection a must to make justice a reality: SC
The Supreme Court has sounded the alarm on the growing trend of witnesses turning hostile in criminal cases involving the rich and influential, stressing that justice would remain a far cry unless a witness protection mechanism was put in place.

A child worker’s journey - from Jharkhand to Geneva
This 14-year old had been working in Jharkhand’s mica mines since he was eight. On 12 June, World Day against Child Labour, he will address a gathering in Geneva.

Business

No new updates

THE ECONOMIC TIMES

Front page

Street’s rocking, but there could be shocks round the corner
Ask a fund manager, what’s the toughest rule on the Street? Chances are she may tell you investors seldom appreciate a fund which softens the blow in a falling market; but they can be absolutely unforgiving if it lags a rising market.

Satyam board meet to firm up cost-cutting plan
The rationalisation exercise may target staff who have not been billed for over six months now. They will be offered 40% of their existing salary for 6 months, but may have to leave the firm.

THE BANGLADESH TODAY

Front page

Politicians have the last laugh as govt bins 62 cases
Prime Minister Sheikh Hasina gets exonerated from a dozen cases as the government on Wednesday decided to withdraw 62 cases filed against country’s top politicians during the past BNP coalition rule and the military-backed caretaker regime.

Muhith unveils national budget today
Finance Minister Abul Mal Abdul Muhith unveils the national budget at the Jatiya Sangsad at 3 pm today (Thursday) for the fiscal year 2009-2010.

Business

Capital market investors’ charter in the offing
The Securities and Exchange Commission (SEC) will soon formulate a charter for capital market investors like the "Citizens’ Charter" to define rights of the investors and their responsibility to the stock market.

Germany’s ex-communist east doing better in crisis
Twenty years after the fall of the Berlin Wall, Germany’s ex-communist east is weathering the global economic crisis better than the rest of the country, a government report released on Wednesday showed.

DAILY MIRROR

Front page

Rae’s ejection from Lanka ‘unacceptable’: Canada
Ottawa has expressed "dismay and displeasure" to the Sri Lankan government after Liberal foreign affairs critic Bob Rae was detained and booted out of the country after arriving at the airport in Colombo.

Sri Lanka beat West Indies in Twenty20 match
Sri Lanka beat the West Indies by 15 runs in their Twenty20 world cup match at Trent Bridge. Lasith Malinga and Ajantha Mendise took two wickets each.

Business

AirAsia to fly Colombo with lowest fare
The world’s best low cost airline AirAsia started their Sri Lanka operations yesterday, launching a new route between Colombo and Kuala Lumpur which is offered at the lowest rates compared to other airlines.

Chemanex posts PAT Rs678m
Chemanex PLC, a member of the CIC Group of Companies which is in existence for the past 35 years, announced posting of Rs678m Profit After Tax (PAT) despite the turbulences and uncertainties of the global and local environment.

DAWN

Front page

Troops kill 70 militants in Bannu assault
Over 70 militants and a non-combatant were killed after security forces attacked Taliban positions with artillery and helicopter gunships in the Janikhel area of Bannu region on Wednesday.

US amendment seeks Pakistan reforms to curb extremism
The objectives of US policy towards Pakistan are to empower and enable Pakistan to develop into a prosperous and democratic state that is at peace with itself and with its neighbours, says an amendment moved in Congress.

Business

Ten small dams, more IDP funds in upcoming budget
The 2009-2010 budget will contain a multi-dimensional development and relief package and the government will allocate funds for building 10 small dams, Deputy Chairman of the Planning Commission Sardar Aseff Ahmad Ali said on Wednesday.

ADB suspends Rs1bn funds, halting Wasa projects
The Asian Development Bank has suspended Rs1bn funds being spent on various mega projects of Wasa as the authorities concerned could not complete these public welfare schemes within the stipulated time.

BUSINESS RECORDER

Front page

Pakistan shows new vigour in fight: Holbrooke
The US envoy to Pakistan and Afghanistan said on Wednesday he had noticed a dramatic change in Pakistan’s attitude towards fighting extremists during his visit there last week.

Scope of sales tax on advertising to be enlarged
The methodology of sales tax on advertising aired on electronic media is expected to undergo a change whereby liability for payment and deposit will be on the client instead of broadcaster.

Business

Substantial fall in FDI inflows in 2008-2009
Pakistan has witnessed a substantial fall in foreign direct investment (FDI) inflows in 2008-2009 in line with all other developing countries.

Forex dealers’ exchange exposure limit raised
The State Bank of Pakistan, increasing the foreign exchange exposure limit (FEEL) of authorised dealers by 5%, to 20%, of their Paid-up Capital, has announced that it would review it annually on the basis of annual audited accounts of the dealers.

By: Staff Reporter
+44 20 8652 3214

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 27 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly