In Friday's South Asia papers

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

THE TIMES OF INDIA

Front page

Firing at US military base; 12 dead, 31 injured
Hassan Malik, a US soldier, went on a shooting rampage on Thursday in Texas military base killing 11 people and wounding 31 others before being gunned down.

Maoists ready to talk, but with gun in hand
"A ceasefire agreement is possible only if Manmohan Singh and Chidambaram give up their stand that we abjure violence," a formal statement by Maoists said, for the first time since their talks with Andhra government in ’04.

Business

Wipro buys part of Yardley biz
Wipro’s consumer care division has acquired personal care brand Yardley’s business in Asia, Middle East, Australia and north and west Africa for $45.5m (about Rs215 crore).

14 charged in Wall Street insider-trading probe
The FBI has charged 14 people, out of which five have already pleaded guilty, in a case related to the $20m hedge fund insider-trading scam, the largest ever such case in the US.

THE ECONOMIC TIMES

Front page

Fresh PSU sale to add Rs3.2 l crore to M-cap
The dominance of state-owned firms on Dalal Street will continue if the government goes ahead with its proposal to offload equity in all profitable and net worth positive-government-owned commercial enterprises.

Tax experts in demand; salaries scale new heights
An acute shortage of trained tax professionals coupled with a changing and complex tax landscape has led to a sharp rise in the pay packets of such experts with the average salary more than doubling in the past year alone, according to senior executives from tax and legal firms.

THE BANGLADESH TODAY

Front page

Those creating instability in RMG sector will be brought to book: PM
Prime Minister Sheikh Hasina on Thursday called upon the owners of readymade garment industries to take further steps for welfare of the employees along with making profit.

Khaleda urges OIC for steps to stop repression on Palestinians
BNP chairperson and opposition leader Khaleda Zia on Thursday urged the OIC to play an effective role in stopping repression on the Palestinians by Israel.

Business

Business-friendly atmosphere prevails in BD
Financial analysts on Thursday claimed that an atmosphere conducive to business is now prevailing in the country as clouds over the economy started disappearing after the political government efficiently handled the global economic recession.

Barua invites Japanese investors to invest in textiles, leather goods, housing sectors
Industries Minister Dilip Barua on Thursday invited Japanese investors to invest in Bangladesh’s prospective sectors like textiles, leather goods, food processing and real estate.

DAILY MIRROR

Front page

Executed Lankans in Saudi confessed under duress- AI
The three foreign nationals including two Sri Lankans who were executed in Saudi Arabia on Wednesday over theft and murder charges are believed to have been convicted on the basis of "confessions" which were obtained during police interrogation under duress, Amnesty International (AI) said.

Forty injured as bus goes down precipice in Kegalle
At least forty people were injured after a bus went down a precipice in Thanimallay, Kegalle this evening.

Business

Colombo Port northern entrance set to boost earnings
The Colombo Ports Authority reopened the northern entrance of the commercial capital’s port last morning following the successful testing of an underwater defence system after a lapse of exertion since 2001.

Hayleys posts five-fold improvement in profit in strong H1 result
Robust performances in manufacturing, lower input costs, a strong shift to higher value products and capital gains from portfolio rationalisation in the first half of 2009-2010 have enabled Hayleys PLC to record a five-fold increase in attributable profit over the Rs110m achieved last year, following the best-ever quarterly results in the history of the blue chip conglomerate.

DAWN

Front page

US Army major kills 12 in shooting rampage
A US Army major firing two handguns killed 12 people and wounded 31 others in a shooting rampage on Thursday at Fort Hood base in Texas, a prime point of deployment for US operations in Iraq and Afghanistan.

Aid agencies for safe access to South Waziristan IDPs
The UN aid agencies have called for ensuring safety and security to civilians including aid workers engaged in relief activities for displaced persons following military operation in South Waziristan.

Business

FoDP, US to disburse $1.2bn soon: Hina
Pakistan is expected to receive around $1.2bn in the ongoing quarter, as disbursements from the Friends of Democratic Pakistan and the United States would materialise soon, minister of state for finance, Hina Rabbani Khar, said here on Thursday.

Pakistan’s forex reserves ease to $14.23bn
The country’s foreign exchange reserves fell to $14.23bn in the week that ended on 31 October from $14.43bn the previous week, the State Bank of Pakistan announced on Thursday.

BUSINESS RECORDER

Front page

12 killed in shooting rampage at US army base
12 people were killed and at least 31 were wounded when a soldier went on a shooting rampage at the Fort Hood US Army base at Fort Hood Texas on Thursday, base commander Lieutenant-General Bob Cone said.

Power producer irked by RPP’s dislocation
The government has unilaterally altered the site of 230 MW Korangi rental power project of Walters Power International, well-informed sources in Private Power and Infrastructure Board (PPIB) told Business Recorder on Thursday.

Business

Telephone, electricity companies: CCP chief flays anti-competitive conduct
Chairman of Competition Commission of Pakistan Khalid Mirza has said that some of the most detrimental anti-competitive conduct, eroding public interest particularly in telephone and electricity companies, is due to presence of these utilities in market as typical oligopolies.

Budget preparation: Call for empowering National Assembly’s bodies for greater role
Chairpersons of different parliamentary committees and other lawmakers on Thursday called for empowering the parliamentary committees to have a greater and positive role in preparation of fiscal budget.

By: Staff Reporter
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