In Friday's South Asia papers

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


Front page

So, did Advani lie on Kandahar hostage swap?
Ex-NSA Brajesh Mishra and BJP leader Yashwant Sinha have joined Jaswant Singh in saying L K Advani knew of the terrorists-for-hostages swap.

US sees signs of more Indian nuke tests
US nuclear pundits feel India may conduct more nuclear tests to improve the country’s arsenal before the Obama administration shuts the door on nuclear explosions.


Exporters get wider market reach
To bring the country’s exports back on growth path, the government on Thursday announced a number of measures including tax sops, interest subvention and dollar credit for exporters.

Reserve price for 3G bid fixed at Rs3500crore
India is set to hold spectrum auctions in November following a speedy resolution of linked issues by the Empowered Group of Ministers (EGoM) in its second meeting on Thursday.


Front page

Small-caps outsmart bigwigs on D-Street
Investors have shifted focus to second-rung stocks to take advantage of cheaper valuations.

Indian IT cos in fray for $1bn Exxon deal
ExxonMobil is in talks with tech firms & MNC vendors for outsourcing of several IT contracts worth up to $1bn.


Front page

BDR mutineers’ trial under Army Act opposed
Opposing trial of the BDR mutineers under section 5 of the Army Act giving it retrospective effect, noted jurist M Amir-Ul Islam on Thursday said the criterion for issuing notification clearly provides only prospective effect of the law and permits no backdated action.

Hasina, Khaleda invite each other to Iftar on same day
Prime Minister Sheikh Hasina will host iftar for leaders of political parties on 7th Ramadan (Saturday) at Gano Bhaban.


‘Recession raises unemployment, social problems in LDCs’
Bangladesh Permanent Representative to the UN Dr A K Abdul Momen said least developed countries (LDCs) are facing growing unemployment and other social problems due to the global economic recession.

Chinese firm to invest $25.52m Comilla EPZ
Bangladesh Textile & Fiber Industry Limited, a Chinese company, will set up a fiber and non-woven fabric manufacturing industry in Comilla Export Processing Zone.


Front page

Part of Colombo High Court building collapses
A part of the Colombo High Court building, located at Hulstorf collapsed a short while ago, our reporter at the scene said.

CEB unions begin token strike
Trade unions attached to the Ceylon Electricity board began a one day token strike this morning despite the Power and Energy Ministry canceling their leave in order to ensure there is no disruption to the electricity supply.


SriLankan Airlines loses Rs10bn
Sri Lankan Airlines group has lost Rs9.99bn in the year to March 2009, down from a profit of Rs4.9bn a year earlier as revenue fell amid a global downturn and falling tourism arrivals at home.

Airtel offers free outgoing calls, SMSs and data usage with Nokia handsets
Bharti Airtel Lanka (Pvt) Ltd., a subsidiary of Bharti Airtel, Asia's leading integrated telecom services provider, today announced that it had entered into an exclusive agreement with Nokia.


Front page

Pre-Iftar suicide blast kills 22 border guards
The bomber blew himself up when the tribal policemen gathered at the checkpost and were about to break their fast.

About 1.6m IDPs have returned to their homes
The number of returning families have decreased from 1,400 to 500 in a week, said the UN official.


Circular debt may be cleared by 31 August
The finance ministry may soon float Rs100bn worth of TFCs, using consumer receipts as collateral.

Govt willing to give voice to small traders: Fahim
The new trade ordinance acknowledges the representation of small traders at the federal level, said Amin Fahim.


Front page

Resource distribution: vertical and horizontal criteria to be discussed today
The provinces will be briefed by the Federal government on availability of resources in the National Finance Commission (NFC) meeting on Friday and subsequently the criterion for resource distribution between the centre and the provinces, and the criterian among the federating units would be discussed, said Finance Minister Shaukat Tarin.

Federation and provinces agree to take up non-NFC issues
The federation and provinces on Thursday agreed to include non-NFC issues in the Term of References (ToR) for discussion in the upcoming National Finance Commission meetings.


Pakistan's foreign exchange reserves ease to $12.85bn
Foreign exchange reserves slipped to $12.85bn in the week that ended on 22 August compared with $12.96bn the week before, the central bank said on Thursday.

Tarin urges US to give aid through Pakistani agencies
Federal Finance Minister Shaukat Tarin has urged the US to channel its assistance through Pakistani agencies to save on high inter-mediation costs incurred by the US counterparts.

By: Staff Reporter
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