In Thursday's South Asia papers
18 September 2008 06:00 [Source: ICIS news]
THE TIMES OF INDIA
Front page
Cabinet mulls new strategy to fight terror
A special meeting of the Cabinet on Wednesday considered a clutch of proposals to add muscle to Delhi police, including raising the strength of the force by 17,000 men.
Amarnath land row hits business ties in J&K
The Amarnath land row has divided J&K again with the industry lobby in the Muslim-dominated valley saying it was snapping ties with the Hindu majority Jammu region.
Business
US gold prices post biggest one-day gain ever
Gold prices exploded on Wednesday — posting the biggest one-day gain ever in dollar terms — as fears of more credit market turmoil unnerved investors and triggered a flood of safe-haven buying.
US govt spends $900bn to take over failing cos
With the $85bn bailout of AIG, the world's largest insurance company, the US government has spent $900bn this year in taking over failing companies.
THE ECONOMIC TIMES
Front page
Markets may witness sharp fall as global credit crisis worsens
Stocks are likely to witness a sharp fall on Thursday as fears that the global credit crisis could worsen further rattled investor confidence across the globe.
Satyam may suffer if BankAm drops co as vendor
The turmoil in the US financial sector could impact the top-line growth of India’s fourth largest software exporter Satyam Computer Services.
THE BANGLADESH TODAY
Front page
Dhaka, Delhi cap sea border talks without accord
Bangladesh and India wrapped up maritime border demarcation talks on Wednesday with no tangible agreement on the mid-flow of the Hariabhanga, a border river, officials say.
CA to announce JS polls in his address to the nation: LGRD Adviser
In consultation with the Chief Election Commissioner, Chief Adviser Fakhruddin Ahmed through an address to the nation may announce the date of parliamentary election very soon.
Business
Tata Ace CNG pickup launched in BD
TATA motors, along with its distributor Nitol motors Ltd, have launched a GNG-variant of its latest generation pickup model Tata ace CNG for the first time in Bangladesh, which is totally environment-friendly and fuel economy.
DSE witnesses fall after two-day gains
The Dhaka Stock Exchange (DSE) witnessed fall on Wednesday after two-day gains as the losers outnumbered the gainers.
DAILY MIRROR
Front page
LTTE used ‘CS gas’ on troops - Army
Army probe finds LTTE had recently directed ‘CS gas’ on some troops in the Wanni. The gas is used mostly in anti-hijack or hostage operations.
PB resigns
Finance Ministry Secretary Dr. P.B. Jayasundera resigned from the post today, Finance Ministry sources said.
Business
2008 was difficult but managed well-CB
In the year 2008, Sri Lanka went through a very difficult time, but overall country’s economy performed well thanks to contribution made by the private sector.
SL records 7% economic growth
Sri Lanka has experienced an economic growth of 7% in the second quarter of 2008, the Department of Censes and Statistics said yesterday.
DAWN
Front page
Drone attack belies Mullen’s assurance: Six killed in S. Waziristan village
Hours after the American military commander had assured Pakistan’s political and military leadership that the United States would respect the country’s sovereignty, missiles were fired from US drones on a house in South Waziristan, killing six people and injuring three others.
Pakistan needs to deal with militants: US
Militants hiding in the tribal areas are not a threat to Pakistan alone but also to the entire world and Pakistan needs to deal with them, a State Department official said on Wednesday.
Business
Dollar scarcity threatens banks
The shortage of US dollars in the inter-bank market has led the rupee to fall to a record low, creating fears that banks might not be able to honour their foreign commitments.
C/A deficit widens to $2.57bn in July-Aug
The current account deficit widened sharply to $2.572bn in July and August, the first two months of the current fiscal year, the State Bank of Pakistan said on Wednesday.
BUSINESS RECORDER
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