In Monday's South Asia papers

10 August 2009 05:00  [Source: ICIS news]


Front page

33% Indians likely to get H1N1: Azad
Union health minister Ghulam Nabi Azad said on Sunday that around one-third of the Indian population was likely to get infected with the virus over the next two years.

China diverts Afghan plane to Kandahar after bomb threat
According to the official Xinhua news agency, the China-bound Afghan plane was suspected of being threatened by persons holding a bomb.


Sebi move to aid small players
The latest Sebi move towards a uniform exit load for fund houses will stop the practice of small investors subsidising the bigger ones in the same scheme.

Six sensex stocks trade above highs of Jan '08
The sensex is still 28% lower than its highest peak of 21,206 points that was seen on 10 January, 2008.


Front page

Expect value buys amidst consolidation
Key equity benchmarks will continue to consolidate this week, as investors cash on expensive stocks.

AI, Kingfisher & Jet may go no-frills on domestic routes
As competition gets tougher amid slow biz environment, AI, Kingfisher & Jet Airways plan to convert domestic flights into no-frills services.


Front page

BD hopes to resolve disputes with Myanmar across table
New Foreign Secretary Mijarul Quayes on Sunday hoped that Bangladesh would resolve the maritime-boundary disputes with Myanmar across the table, ruling out any military move from the neighbouring country trying to enforce their claim on the disputed portion of the Bay-of-Bengal waters.

HC petitioned seeking halt to army pullout from CHT
A petition was filed with the High Court on Sunday seeking injunction against the army pullout from the Chittagong Hill Tracts under a recent government decision taken for implementing the CHT peace treaty.


Govt to issue bonds to raise fund for renewable energy
Agriculture Minister Matia Chowdhury on Sunday said the government is considering to create an exclusive fund by issuing bonds to accelerate the pace of ongoing movement of 'Green Energy'.

Banks should reduce lending rate to show respect to corporate tax cut: Governor
Bangladesh Bank is planning to utilise the excess foreign exchange reserve for the benefit of both the country as well as the entrepreneurs who borrow from abroad at higher interest rates.


Front page

Lankan housemaid arrested in Dubai
A Sri Lankan housemaid, in her 30s, has been arrested after stealing cash and jewellery worth around Dh500,000 from different families across Dubai, police said.

Chennai firm hired to enhance surveillance in Sri Lanka
The long war with the LTTE may be over and most of the outfit's leaders eliminated, but the Sri Lankan government is apparently not willing to take any chances and has hired a Chennai-based firm to strengthen its surveillance network.


Touchwood looking to expand in N/E
Touchwood Investments PLC, a company involved in the planting of trees for commercial harvesting purposes, announced its plans of expanding its business in the Eastern Province of Sri Lanka by 20,000 acres.

‘Sri Lanka a terrific partner – Turney
Victoria’s Secret CEO Sharen Jester Turney wrapped up a two-day visit to Sri Lanka, visiting factories producing product for the Brand, holding a roundtable with women executives and discussing plans for expansion in the region with major supplier partners.


Front page

US, Pakistan believe Baitullah is dead; Taliban deny claim
The US and Pakistan are almost certain that Baitullah is dead despite claims and counter-claims by the Taliban.

Rehman Dakait, three others killed in Karachi: Police
One of Karachi’s most wanted criminals was killed during a police encounter, along with his three accomplices in Lyari.


Pakistan’s economic growth weak: IMF
‘Near-term outlook for economic activity, especially manufacturing, remains weak,’ observes an IMF report.

Another forex firm comes under probe
The FIA has written to the State Bank to suspend the licence of Zarco forex for undertaking illegal transactions.


Front page

Rehman Dakait killed in police encounter
The main character of Lyari Gang war, Rehman Dakait and his three accomplices, were killed in a ‘police encounter’ in Bin Qasim area on late Sunday night, Aaj News reported.

Housing F-16, Amraam missiles at Jacobabad: PAF wavering to sell non-operational land
Pakistan Air Force (PAF) is reportedly wavering in taking decision to sell its non-operational land as directed by the Prime Minister, to develop infrastructure in Jacobabad (Sindh) for housing the contracted F-16 aircraft and Amraam missiles, expected to be completed by January 2010, official sources told Business Recorder.


ICCI protests against move for audit of 855 units
The Islamabad Chamber of Commerce and Industry (ICCI) on Sunday strongly protested against FBR move, according to which, audit of 855 big taxpayer organisations of different sectors is being launched.

MCCI urges government to reform labour laws
The government needs to rectify labour policy to develop harmonious relationship between labourers and employers for promoting productivity, competitiveness and industrial growth.

By: Staff Reporter
+44 20 8652 3214

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