In Wednesday's South Asia papers

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


Front page

Booming business of panic in the time of swine flu
Swine flu has produced its share of profit. Pharma giant Roche will have sold Rs10,000 crore worth of Tamiflu by year-end.

Break India into pieces: Chinese think-tank
New Delhi took exception to an article on a Chinese website, which boasted that the "great Indian federation" was ripe for dismemberment if Beijing tried just a little.


NTPC may join war between RIL-RNRL
NTPC may jump into the high-voltage legal war between RIL and RNRL over the supply of KG basin gas.

Sterlite hikes cash part of Asarco offer
Sterlite Industries, a subsidiary of Anil Agarwal-controlled Vedanta Resources, has revised its offer for the operating assets of bankrupt US copper miner Asarco.


Front page

'Indian economy well placed in Asia'
Chetan Ahya of Morgan Stanley talks on the risks of another property bubble in Asia and India's growth potential.

Private hospitals reluctant to join battle against H1N1
Private sector hospitals, which control 70% of the country’s health infrastructure, continue to be reluctant to help in tackling the H1N1 menace.


Front page

BSF occupies vast land on Pratpur frontier in Sylhet
Indian BSF troops on Tuesday suddenly massed in and occupied a vast tract of Bangladesh land on Pratpur frontier in Goainghat upazila, triggering tensions among people in the border area as they recalled a 2001 clash between the two forces.

BNP opposes withdrawal of army camps from CHT
BNP Vice-President MK Anwar on Tuesday said the government's unilateral decision to withdraw army camps from Chittagong Hilltracks is wrong and it should be scrapped for the greater interest of country's overall security.


Agrani Bank bounces back from pitfall, pushes profits seven times up in five years
Agrani Bank Limited, battered by a huge amount of inherent classified loans and capital deficit, bounced back from its pitfall last year, just two years after its transition to a public limited company.

BKB to support rice parboiling system project
Agriculture Minister Matia Chowdhury on Tuesday said the Bangladesh Krishi Bank (BKB) would provide supports to the improved rice parboiling system project to reduce energy consumption and save working hours of the rural women.


Front page

'Jihad’ member killed in Eravur
A leading member of an armed ‘Jihad’ group operating in the East, identified as Saul Hameed Mohomad Samat, was shot dead by unidentified gunmen at his residence in Eravur a short while ago, police told Daily Mirror online.

Blake cannot speak on behalf of displaced Tamils - Keheliya
Government Defence Spokesman Keheliya Rambukwella today questioned the right of US Assistant Secretary of State for South and Central Asian Affairs Robert Blake to speak on behalf of the displaced Tamils in the North.


Peacetime will offer better returns, Jim Rogers says
Sri Lankan stocks may offer better returns as the end of the 26-year civil war frees up government spending for investments in infrastructure and agriculture, investor Jim Rogers said.

Sri Lanka’s IT giants are congregating at Orion City
Along with other Information Technology and Business Process Outsourcing (IT and BPO) giants, Sabre Technologies are among the top companies to have signed up to operate from Orion City - Sri Lanka's first and only operational IT Service Park.


Front page

Police register case against Musharraf
The former president and his collaborators have been charged under sections PPC 344 and 34.

ECC for action against hoarders, middlemen
Price control committee set up to control food prices, especially during Ramazan, and take action against hoarders.


July trade deficit narrows by 31%
Trade deficit declines as imports and exports fall massively, suggesting a slump in domestic and external markets.

Stamp duty waiver on small units goes
Exemption of duty on sale and purchase of small flats, houses and shops withdrawn due to fears of revenue shortfall.


Front page

Pentagon comfortable with Pakistani nuclear safety measures
The Pentagon on Tuesday reaffirmed its confidence in the safety of Pakistan's nuclear assets with a spokesman saying he was not aware of any Taliban attacks on the South Asian country's nuclear installations, claimed in an Indian media earlier in the day.

$25bn textile export target for five years set: Policy likely to be announced today
The government is all set to announce the first-ever textile policy on Wednesday (today) with export target of $25bn for the next five years after its approval at the special meeting of the Cabinet to be chaired by Prime Minister, Yousuf Raza Gilani.


Government urged to constitute NFC without delay
Seraiki Inqilabi Council Chief, Muzaffar Hussain Khan Magassi, has demanded of the government to immediately constitute an 'independent' National Finance Commission, as provincial autonomy sans financial powers would not bring about the desired results.

Government to facilitate overseas business community: Fahim
Federal Commerce Minister, Makhdoom Amin Fahim spent a busy day in US Virgin Islands (USVI) with Pakistani business community based in the Caribbean region.

By: Staff Reporter
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