In Friday's South Asia papers

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

THE TIMES OF INDIA

Front page

Pop star Michael Jackson dies at 50
Pop icon Michael Jackson died after suffering a cardiac arrest in Los Angeles sending shockwaves around the world. Jackson was to return to the stage for concerts in July.

Govt may hike FDI ceiling in telecom
According to DoT sources, a five-member GoM is to be formed to take decisions on all spectrum-related matters as well as raising FDI cap in the telecom sector.

Business

Multibillion dollar opportunity for IT companies
A billion smart cards for a billion population. It throws up a multi-billion dollar business opportunity for domestic technology players.

Declined offer to join plan panel in early June
Early June. Nandan Nilekani gets call from Prime Minister Manmohan Singh to join the planning commission. PM says he is keen on having talent beyond the government help development efforts.

THE ECONOMIC TIMES

Front page

Traders work out strategies for budget rally
Wealthy stock traders - those who missed out the post-election result rally as well as the handful who tasted success - are trying to ensure that they have a winning formula ready to cash in on the post-Budget swing in stock prices.

King of Pop Michael Jackson passes away
Michael Jackson, the child star turned King of Pop who set the world dancing to exuberant rhythms for decades, died on Thursday, the Los Angeles Times said. He was 50.

THE BANGLADESH TODAY

Front page

Awami League in the doldrums
Awami League general secretary Abdul Jalil told parliament on Thursday that the Bangladesh Army was becoming a "commercial enterprise", and slated his own party for "stagnating".

Ex-Adviser Mainul faces JS graft probe
The Parliamentary Standing Committee on Housing and Civil Works has found some corruption charges against the former adviser of the concerned ministry to the former Caretaker Government Barrister Mainul Hosein.

Business

Treasury bench members term budget as balanced and pro-people
Treasury bench members on Thursday praised the new budget terming it as a pro-people and balanced fiscal document that would greatly help build Sonar Bangla and Digital Bangladesh envisioned by Father of the Nation Bangabandhu Sheikh Mujibur Rahman and Prime Minister Sheikh Hasina respectively.

UN members urge reform of Bretton Woods institutions
UN member states launched a three-day debate here on Wednesday on how to help poor countries weather the global economic crisis amid growing calls for revamping multilateral financial institutions.

DAILY MIRROR

Front page

Charlie's Angels star Farrah Fawcett dead
Actress Farrah Fawcett, who catapulted to national fame in "Charlie’s Angels" and became a swimsuit poster phenomenon, has died.

Lanka IOC to spend $30m on new outlets
Lanka IOC Plc, a unit of India’s largest oil refiner, plans to spend $30m to double the number of its retail outlets and benefit from a revival in the South Asian island’s economy after the end of the civil war.

Business

Investment to steer sustainable development
"Sustainable development of the Sri Lankan economy is close at hand with investments flowing into the country," said Minister of Public Administration and Internal Affairs and Deputy Minister of Finance and Planning, Sarath Amunugama at the BizPAct Invest in Sri Lanka Symposium held at the BMICH yesterday.

HSBC gears up infrastructure development drive
HSBC is currently clearly focused on aggressive infrastructure development by grabbing the opportunities in the wake of the cessation.

DAWN

Front page

Operation created goodwill for Pakistan in US: Jones
US National Security Adviser Gen (retd) James L Jones exchanged views with the Pakistani civilian and military leadership on Thursday on operational details and timing of the intensified counter-insurgency operation in Afghanistan and its synchronisation with the military offensive against extremists in Pakistan.

Suicide blast kills two soldiers in Muzaffarabad
Two soldiers were killed and three wounded in a suicide bomb attack in Pakistani administered Kashmir on Friday, the military said, the first such bombing in Pakistan’s part of the disputed Himalayan region.

Business

National Assembly passes federal budget 2009
The National Assembly passed the Finance Bill (federal budget) for 2009-2010 on Thursday with a number of amendments. All amendments proposed by the opposition were rejected.

Mills demand wheat at Rs2,000 per 100kg
Flour mills have urged the government to supply wheat at controlled rate of Rs2,000 per 100 kg to ensure the availability of cheaper wheat flour at retail and to provide much-needed relief to the common man.

BUSINESS RECORDER

Front page

Kayani vows to reassert control in tribal belt
Army chief on Thursday vowed to reassert government control in the lawless tribal belt, as the premier took a visiting US security advisor to task over deadly drone attacks in the region.

$7.5bn aid package approved by US Senate
The US Senate on Wednesday approved a bill to triple civilian US aid to Pakistan, a bid to cement a long-term partnership and defeat Islamist fighters threatening the nuclear-armed ally’s stability.

Business

Rs7.52bn budget for CDG Multan approved
City District Council Multan on Thursday approved a Rs7521.378m budget for the year 2009-2010 allocating Rs2550.498m for development.

CDGK ignores Sindh chief minister’s directives over promotion of officials: Revised emoluments included in budget
A number of officials of the City District Government Karachi, who were promoted in violation of rules and later their promotions were cancelled by the Sindh Chief Minister, their revised emoluments have been included in the proposed CDGK’s budget 2009-2010 and they would enjoy all benefits.

By: Staff Reporter
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