In Tuesday's South Asia papers

05 August 2008 05:30  [Source: ICIS news]

THE TIMES OF INDIA

Front Page

Probe ordered into police firing in Samba, J&K
The state government has ordered a magisterial probe into police firing in Samba district in which two persons were killed and 18 injured during a protest rally on the Amarnath land transfer row.

Website selling fake Olympics tickets unearthed
Hundreds of sports fans from around the world appear to have been cheated, giving credit card and passport details, and possibly spending hundreds of thousands of dollars for what they believed were genuine Olympic tickets.

Business

Market turns choppy; Tier II, III stocks extend gains
Stocks turned choppy after a flat start Tuesday as global cues weighed on sentiment. However, midcaps and smallcaps continued to extend gains. Auto and power stocks picked up steam while metals edged lower.

Courier cos raise tariffs
India's largest logistics company Blue Dart has revised prices in its retail air and ground express services by 15% and air freight services by 10%, effective this month, owing to rising operational costs.

THE ECONOMIC TIMES

Front Page

JPMorgan plans $1bn Asia property spree
JPMorgan plans to invest more than $1bn in Asian real estate over the next three years, hoping to fill a gap as Indian and Chinese developers crave funds and lenders and rival investors recoil from property markets.

Toyota to launch hybrid sedan in India
Global auto major Toyota Motor Corp plans to introduce its hybrid sedan Prius in India as an answer to soaring fuel prices and growing concerns over emissions, a top official at its Indian joint venture said.

THE BANGLADESH TODAY

Front Page

ACC won’t accept compromise by truth commission with big corruption
The Anti-Corruption Commission chairman, Lt General Hasan Mashhud Chowdhury on Monday said that it would not be acceptable to ACC if the Truth and Accountability Commission (TAC) compromises with any big corruption.

Local body polls largely peaceful
The local body polls were largely peaceful until 2 pm Monday, though faulty voter lists in three polling centres in Khulna turned away many enthusiastic voters without allowing them to cast votes.

Business

ADB to give $170m emergency assistance for food security to BD
The Asian Development Bank (ADB) will provide Bangladesh $170m to finance the Emergency Assistance for Food Security. A loan agreement, to this effect, was signed between the ADB and the Government of Bangladesh at the Economic Relations Division (ERD) today (Monday).

Obama slams McCain as in pocket of big Oil
Barack Obama on Monday branded his White House foe John McCain as "in the pocket" of big oil firms pumping out record profits while US drivers suffer, as he unveiled a sweeping new energy plan.

DAILY MIRROR

Front Page

SL HSBC Fitch rating confirmed as stable
Fitch Ratings has confirmed the ‘AAA (lka)' national long-term rating of HSBC Sri Lanka with a stable outlook. The ratings agency said in a statement that the bad loans of the bank, the island's largest foreign bank, had increased but that its asset quality was high by Sri Lankan standards.

SL to expand trade ties with Singapore
Minister of Export Development and International Trade Professor GL Peiris met with Singapore’s Minister of Trade and Industry Lim Hng Kiang, at the Treasury in Singapore for a discussion about strengthening co-operation in trade and investment matters between Sri Lanka and Singapore.

Business

Top Tiger smuggling suspect nabbed
The alleged mastermind behind smuggling operations for the LTTE and a senior political activist of the organisation, was arrested at the Uchapatti refugee camp in the Madurai district yesterday, NDTV quoted police as saying.

Lawyer wants new phone laws disconnected
A lawyer filed a writ application in the Appeal Court yesterday against the proposed law to prevent the use of mobile or CDMA phones by anyone other than the registered owner.

DAWN

Front Page

Make-or-break Asif-Nawaz talks today
Leaders of the Pakistan People's Party and Pakistan Muslim League-N met separately on Monday to prepare for what is being described by political observers as make-or-break talks between PPP co-chairperson Asif Ali Zardari and PML-N chief Mian Nawaz Sharif on Tuesday on issues that have practically paralysed their coalition government.

Floods wreak havoc in Khyber Agency, Peshawar suburbs
Torrential rains triggered flash floods in Peshawar suburbs and the adjoining Khyber Agency on Monday, inundating large areas and killing at least 22 people. Eleven people were injured as raging torrents washed away hundreds of homes, destroyed crops over a wide area and killed livestock.

Business

Eight sell-off deals put off on political unrest
Eight major privatisation transactions, planned for 2008-2009, have been postponed indefinitely due to growing political uncertainty and unfavourable investment climate in the country.

Banking spread still highest in region
Despite a slow off-take of credits, banking spread was still highest in the region though it lost some weight during the last six months.

BUSINESS RECORDER

Front Page

Nawaz-Zardari crucial meeting today
Pakistan Muslim League-Nawaz Quaid Nawaz Sharif said that the PML-N is sincere to keep the coalition intact and also expressed optimism that his today's meeting with Pakistan People's Party Co-chairman Asif Ali Zardari would prove decisive and result-oriented.

Deposed judges will have to take fresh oath: Naek
Pakistan People's Party co-chairman Asif Ali Zardari and Pakistan Muslim League (N) Chief Nawaz Sharif are set to meet here today (Tuesday) to decide about the future of sacked judges as well as the impeachment of President Musharraf.

Business

Economic indicators worsening: expert
Pakistan's economic indicators are worsening and remittances and loans would not support economy in the long term.

Musharraf for steps to arrest flight of capital: peace vital to economic progress
President Pervez Musharraf said here on Monday that the country's economy was on a downslide because of the capital flight and unsatisfactory law and order situation in the country. Addressing a delegation of business community.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
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