In Thursday's South Asia papers

05 November 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Koda man was eyeing SEZ for Rs4800 crores
Investigators have found documents that show that one of the frontmen of former Jharkhand CM Madhu Koda was in serious negotiations to acquire an SEZ in Noida for a staggering Rs4,800 crores, to be paid in euros.

Gulbarg massacre: Modi abused ex-MP Jafri when he called for help, says witness
A key witness in the Gulbarg massacre case has told a special court that Gujarat Chief Minister Narendra Modi had abused former MP Ahsan Jafri when he called him for help on 28 February, 2002.

Business

Rupee slightly weaker in early trade
At 9:10 am the partially convertible rupee was at 47.13/14 per dollar, slightly weaker from 47.05/06 at close on Wednesday.

China to grow 8.4% this year: World Bank
The World Bank on Wednesday became the latest major institution to raise its forecast for growth in China a reflection of that country’s rapid rebound this year though it cautioned that more policy adjustments would be necessary in the medium term to ensure the country’s recovery would be sustained.

THE ECONOMIC TIMES

Front page

Equity markets not under threat: Jim Rogers
Commodities are down from record highs, Roubini’s wrong on ‘bubbles’ says Rogers.

Broking houses step up hiring as market rebounds
Greenshoots are sprouting in the broking job market with almost all brokers embarking on a hiring spree to beef up their diverse operational segments.

THE BANGLADESH TODAY

Front page

Dhaka set to remove poverty, eliminate extremism: PM
Using education as an important weapon, Bangladesh is set to eradicate poverty, ensure food security and social safety net, eliminate extremism and face the fallout of climate change, Prime Minister Sheikh Hasina said on Wednesday.

1972 constitution to be restored after amendments: Hasina
Prime Minister Sheikh Hasina on Wednesday told the House that the constitution of 1972 would be restored after bringing some amendments to it.

Business

Dhaka’s economic ties with neighbours to be further strengthened: PM
Prime Minister Sheikh Hasina on Wednesday told the Jatiya Sangsad that Bangladesh’s economic relations with its neighbours would be strengthened further and the fields of cooperation with these countries would be widened.

85% of BD export earnings come from EU market: EC Envoy
Bangladesh will face fresh challenges in the European market should new rules and trade deals among the members of European Union (EU) and Asian nations come into effect.

DAILY MIRROR

Front page

Northern entrance of the port reopened
The Northern entrance of the Colombo port which was closed since 2001 was reopened a short while ago, with the vessel Bahadur Shathri leaving via the entrance headed to an Indian port.

One killed after several persons clash in Rathnapura
A 39 year old man was killed after a clash irrupted between a group of people in Lelupitiya, Rathnapura.

Business

SL forecasts towards higher achievements
Sri Lanka’s economic growth forecasts appear to be in the range of 5.6% and 8.2% next year in view of the challenges of reducing deficits and increasing investment.

DFCC profits up by 14.6% in six months
DFCC Bank one of the country’s leading development bank announced yesterday that its profits after tax for the past six months ending 30 September increased by 14.6% to Rs895m over last year same period.

DAWN

Front page

New gas management plan approved
The winter plan includes cutting off gas supply to factories and CNG stations in NWFP and Punjab for two days in a week.

US strike kills four, hurts three in North Waziristan
An early morning US drone strike on Norak village targeted suspected Taliban militants, local officials told AFP.

Business

Businesses oppose two weekly holidays
Owing to present economic situation of the country, we need to work enthusiastically for all seven days of the week: Chawla

KSE 100-Index crosses 9,000 level
Despite some profit taking, the 100-Index surged by 216 points to close at 9,154.99 points on bullish activity.

BUSINESS RECORDER

Front page

Five work days/week for industrial units, CNG stations announced
Cabinet which met with Prime Minister Syed Yousuf Raza Gilani in the chair, on Wednesday approved Sugar Policy 2009-2010, paddy procurement plan and four-month gas load management plan 2009-2010 (from 15 November 2009 till 15 March 2010).

Let NRO die its logical death on 28 November: Kaira
Information Minister Qamar Zaman Kaira said on Wednesday that any decision on whether President Asif Ali Zardari will resign to face cases in the courts or enjoy immunity will be taken when 28 November comes.

Business

Pakistan and Malaysia agree to form Business Council
Pakistan and Malaysia on Wednesday agreed to form joint ministerial committee, a Business Council and working groups to review and carry forward the implementation on decisions reached between the two countries for bilateral trade and investment.

Industrialists disapprove of gas load management plan
Industrialists on Wednesday rejected the government's move of a two-day gas load shedding in a week for a period of three months in winter.

 

By: Staff Reporter
+44 20 8652 3214

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