In Monday's South Asia papers

06 July 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Can Pranab pull off the great Indian ropetrick?
The finance minister has the unenviable job of finding larger than normal amounts of money to fund a stimulus package and various social welfare schemes.

US arm-twists Israeli firm on IAF deal: Report
The US has forced an Israeli firm to back out of a deal with Sweden's Saab to sell fighter planes worth $12bn to the IAF, reports said on Sunday.

Business

Breathing time: FIIs take short break
After pumping in more than $5bn into Indian markets so far this year, FIIs have stopped to catch a breath.

‘This Budget may not be a dream one’
Moody's had upgraded its outlook for India from negative to stable, keeping its rating at Baa3, which is the lowest investment grade.

THE ECONOMIC TIMES

Front page

Budget may pump up Plan outlay
The Budget to be presented by FM today is likely to propose substantially higher Plan spending of Rs 40,000 crore.

Will Dalal Street press the buy button?
Budget-day trading pattern of Sensex shows that in three out of the last five Budgets, the index closed lower.

THE BANGLADESH TODAY

Front page

JS body set to submit report tomorrow
With the recommendation to initiate process of action against former Speaker Barrister Jamiruddin Sircar, former Deputy Speaker Akhter Hamid Siddiqui and former Chief Whip Khandaker Delwar Hossain, the All-party Parliamentary Standing Committee investigating the corruption during the 8th Parliament decided on Sunday to submit its report before the House on Tuesday.

Tk 15,451 crore default loan to be recovered: Muhith
Finance Minister Abul Maal Abdul Muhith on Sunday informed the Jatiya Sangsad (Parliament) that the government would continue its efforts to collect an amount of Taka 15,451.02 crore from some 2,196 loan-defaulters across the country.

Business

DSE dives in seven months amid profit taking
The Dhaka Stock Exchange (DSE) suffered deepest correction in seven months on Sunday amid profit taking, following continuous gains by stocks for about last one month.

Taiwan benefits from China’s economic stimulus
Taiwan has benefited from its giant neighbour's measures to stimulate its economy by offering subsidies to consumers, the island's government said in a report on Sunday.

DAILY MIRROR

Front page

President says final solution after Presidential polls
President Mahinda Rajapaksa has said that the final political solution will be given after holding a Presidential election and seeking a mandate from the people for his proposals.

Sri Lankan on trial in Dubai for kidnapping
A Sri Lankan and two Indians man went on trial on Sunday for allegedly kidnapping and holding up an Indian resident in order to force him to issue them cheques of Dh139,000 and Dh128,000.

Business

Economic crisis increase aid for trade need
International agencies are set to urge an increase in assistance for trade by developing countries at a conference beginning on Monday, amid fears that aid will be eroded by the economic crisis.

Chinese carmaker submits offer for GM's Opel
A Chinese carmaker has made an offer for General Motors' Opel brand, a newspaper reported Sunday, in a bid reportedly worth €660m ($922m).

DAWN

Front page

Lashkar comes under attack in Mohmand; nine dead
Nine members of a tribal volunteer force (lashkar) and three militants were killed during a clash in Mohmand Agency on Saturday.

Judges asked to avoid public events
A two-day conference on implementation of the National Judicial Policy concluded on Sunday with a directive for judges to avoid attending public functions and meeting members of other organs of the state.

Business

Load shedding sees steel prices soar in Punjab
Prices of iron and steel bars have jumped by more than five thousand rupees in the federal capital and most of the Punjab due to the continued shutdown of steel furnaces in Islamabad.

Govt finalises three-year plan to boost power generation
The government has finalised an ambitious three year plan to generate around 13,500 megawatt electricity during 2009-2012, with the aim of meeting the ever increasing demand.

BUSINESS RECORDER

Front page

Clearing Waziristan of militants: Kayani briefs Zardari and Gilani about strategy
Prime Minister Syed Yousuf Raza Gilani and Chief of Army Staff General Ashfaq Parvez Kayani called on President Asif Ali Zardari at the Presidency, and discussed the ongoing military operation, with particular reference to the recent offensive launched in the South Waziristan against the militants, led by Baitullah Mehsud.

PML-Q divided, Chattha tapped for party leadership
Pakistan Muslim League (PML-Q) has developed conflicts pertaining to the party leadership and all the high-ups are demonstratively at odds with each other on the issue, Aaj News reported on Saturday.
Business

Trade policy to be announced this month: Amin
Commerce Minister Amin Fahim has said that the new trade policy will be announced in the third week of this month.

USC increases prices of seven items
The Utility Stores Corporation (USC) has increased the prices of seven items while reducing the rate of one item at its outlets.

By: Staff Reporter
+44 20 8652 3214

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