In Wednesday's South Asia papers

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

Front page

Headley, Rana may have been part of 26/11 plot
With the ongoing investigation gradually indicating that the US-based terror duo were part of the larger conspiracy behind 26/11 Mumbai attacks, India is planning to seek voice samples of their Pakistan-based Lashkar handlers to zero in on the identity of those who directed Ajmal Kasab and his gang members who savaged Mumbai.

Washington hungry for invite to Obama-PM banquet
The hottest ticket in town is an invitation to the banquet President Obama and First Lady Michelle Obama are having next week for Prime Minister Manmohan Singh and his wife Gursharan at the White House – the first State visit Obamas are hosting since moving into 1600, Pennsylvania Avenue.

Business

Yellow metal sizzles to Rs17,000
Uncertainties about the global economy is driving gold prices to newer highs almost every week.

'Don't know if Ambanis colluding or clashing'
The Centre on Tuesday asserted full ownership over gas from the KG basin and said as Mukesh Ambani's RIL was only a contractor for exploration, it was barred from having a private agreement with Anil Ambani's RNRL for supply of gas that violated the production sharing contract (PSC).

THE ECONOMIC TIMES

Front page

Cash-rich promoters buy back pledged shares in Q2
A fourth of Indian promoters who pledged their holdings in listed firms to tide over the cash crunch last fiscal either fully or partially redeemed them during the September quarter, in another testimony to the improved economic conditions that put more cash in the hands of business houses and entrepreneurs.

RIL eyes overseas buys for growth
Mukesh Ambani, chairman of India’s biggest firm, Reliance Industries (RIL), indicated on Tuesday that an overseas acquisition might be on the cards.

THE BANGLADESH TODAY

Front page

Death of two brothers in ‘crossfire’ at Madaripur
The High Court on Tuesday asked the government to explain within 48 hours why fit action should not be taken against two RAB officers along with their team for the liability of killing two brothers in a reported gunfight in Madaripur.

Ensure maximum facilities for Bangladeshi expatriates
Prime Minister Sheikh Hasina urged the Malaysian government to ensure maximum facilities for the Bangladeshi expatriates living in the ASEAN country.

Business

BB asks commercial banks to move for manufacturing credit operations
The central bank advised the banks to move to finance the manufacturing sector coming out of its transitory consumer-credit business, as industrial expansion is vital for spurring the country's economic growth.

ICT education must for all to build ‘Digital BD’: Speaker
Speaker of the Jatiya Sangsad Abdul Hamid Advocate on Tuesday said ICT education is a must for people of all strata living in urban and rural areas to build 'Digital Bangladesh'.

DAILY MIRROR

Front page

Rain floods Colombo, Kandy and suburbs
Several areas in Colombo and Kandy and its suburbs took the brunt of the heavy rains that fell last night flooding roads and houses and severely inconveniencing residents and commuters alike.

Indo-Lankan pact on fishing demanded by TN fishermen
Fishermen want India and Sri Lanka to enter into an agreement, to enable fishermen of both countries to carry on fishing in the Palk Strait without friction or violence.

Business

Commemorative note marks dawn of peace
The Central Bank yesterday issued a commemorative note in the denomination of Rs1000 to mark the ushering of peace and prosperity to Sri Lanka.

New transport act to drive with private sector
The pending National Transport Commission (NTC) Act is to give legal space for more private sector involvement in both passenger and goods transport to formalise the sector and regroup it as a Small and Medium Enterprise (SME) industry.

DAWN

Front page

Zardari gives go-ahead for cabinet reshuffle
Prime Minister Yousuf Raza Gilani has been given permission by President Asif Zardari, on behalf of the PPP’s central executive committee, to go ahead with a much-awaited, and desired, reshuffle in the federal cabinet.

Pakistan can deal with local, Afghan militants: US
The United States believes that Pakistan has the capability of dealing with the militants operating within its border and also with those who may come from Afghanistan.

Business

Trade, industry slam hike in power tariff
The business community has strongly resented the government’s decision of increasing the power tariff from January next saying the move will bring the already ailing industries on the verge of total collapse.

Trademark Office set to jack up fee by 300%
The Trademark Office has proposed a 300% increase in trademark registration fee from Rs3,000 to Rs9,000 to meet the cost of automation of the registration process.

BUSINESS RECORDER

Front page

Main Taliban bases seized
Forces have captured most of the main Taliban bases in their offensive in South Waziristan and will soon fan out into the rugged countryside to hunt for militants there, commanders said on Tuesday.

Taliban blow up girls' school
Taliban militants blew up a girls' school in Khyber district on Tuesday, the third such attack in the tribal region bordering Afghanistan so far this month, officials said.

Business

CIMB, Standard to invest in port, wind farm
A private equity firm owned by South Africa's Standard Bank and Malaysia's CIMB, which hopes to double assets to over $1bn by early 2011 by launching a new Southeast Asia fund and growing its existing Islamic fund, is looking at investment in a port and wind farm in Pakistan.

FIPP being merged into new 'Investment Policy 2010-15'
To attract portfolio investment in Pakistan, the government is merging the Foreign Investment Promotion Policy (FIPP) into the upcoming 'Investment Policy 2010-15'.

By: Staff Reporter
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