In Monday's South Asia papers

22 September 2008 06:30  [Source: ICIS news]

THE TIMES OF INDIA

Front page

China milk scam: 53,000 children taken ill
The tally of children sickened by tainted milk in China jumped to nearly 53,000 as the government vowed to crack down on those responsible for the scandal, which has raised more questions about the safety of the country's food chain.

Raigad farmers vote against SEZ
In the first-ever referendum in the country involving farmers, more than 6,000 land-owners from 22 Raigad villages made their views on a special economic zone known on Sunday.

Business

India ranks 77th in Economic Freedom Index: Report
India's ranking in the index, which scales prosperity of the whole society, is down by 8 notches to 77th position among 141 countries in 2006, with uneven pattern of economic reforms widening gap between the rich and the poor, a latest report says.

'Bankrupt' Lehman Brothers on hiring spree!
Collapse of the Lehman Brothers in the world's biggest ever bankruptcy story may have sent thousands of its employees flocking the job market, but the 158-year-old American investment bank giant still seems to be in hiring mood.

THE ECONOMIC TIMES

Front page

Stocks open higher in line with Asian peers
Stocks opened higher on Monday on hopes the US government's $700bn rescue plan would restore stability in the global financial system.

3G in India: No easy path for foreign telecoms
Foreign telecom firms could gain access to India's booming mobile market through a global auction of 3G licences this year, but low call rates and established players mean it could take years to turn a profit.

THE BANGLADESH TODAY

Front page

Vested quarter conspiring to foil AL in JS polls: Hasina
Awami League President Sheikh Hasina said a vested quarter is engaged in the conspiracy to foil the victory of Awami League in the next parliamentary elections, according to a private television channel.

Major political parties hail general poll date
Major political parties including Awami League and BNP hailed the speech of Chief Adviser Fakhruddin Ahmed announcing the date of parliamentary elections but they criticized the decision of holding upazila polls within one week of general elections as being impractical and unrealistic.

Business

Congress examines $700bn market bailout plan
The Bush administration asked Congress on Saturday for $700bn to bail out firms burdened with bad mortgage debt, seeking extraordinary authority as it tackles the worst financial crisis since the Great Depression.

Economic recession hits cell phone industry
The growth of cell phone companies dropped in August for the first time in Bangladesh, one of the world's fastest-growing markets for mobile phones, with operators attributing it to the current economic slowdown.

DAILY MIRROR

Front page

Seven buildings damaged in Weligama clash
At least 7 buildings including a mosque damaged following a clash between two groups in Weligama, Matara last night. Police say one person was arrested over the incident.

UN says its offices in Kilinochchi looted
The United Nations said its offices in Kilinochchi had been looted after aid workers were evacuated last week.

Business

Low inflation for economic growth
Sri Lanka needs good institutions, governance and economic tranquility that come with low inflation to grow, senior economists said, at a time when the island is suffering from the highest inflation in its history.

Allianz Lanka re-launches website
Allianz Lanka customers now have speedy on-line access to Allianz products and services with the relaunch of the Allianz Lanka website at www.allianz.lk.

DAWN

Front page

Czech ambassador and two US marines among 53 killed
Czech Ambassador to Pakistan Ivo Zdarek, two Americans and a Vietnamese woman were among the 53 people killed in the suicide bomb attack on the Marriott Hotel in Islamabad on Saturday evening.

Waziristan link seen in attack on Marriott: Malik
Prime Minister’s Adviser on Interior Affairs Rehman Malik has said that Saturday’s blast in Islamabad that claimed 53 lives had links with Waziristan.

Business

The fall of US financial capitalism
The world is witnessing the end of American financial capitalism as we have known for a long time.

Old recipes and new skill
Patience is running thin. Nervousness is giving way to depressed feelings as the United States’ frantic search for ‘good news’ before presidential elections leads it to extend its limits of war zone to include the troubled border areas of Pakistan.

BUSINESS RECORDER

Front page

Islamabad attack: toll rises to 57
Searchers combing through the burnt shell of the Marriott Hotel found more bodies during relief operation on Sunday, bringing the death toll to 57, Aaj TV reported.

Zardari leaves for USA to attend general assembly session
President Asif Ali Zardari left for the United States here on Sunday to lead Pakistan delegation and address the 63rd session of the UN General Assembly in New York on September 25.

Business

Present government to reduce budgetary deficit: chief executive TDAP
Present regime would succeed in reducing the budgetary deficit by imposing heavy duty on luxury items, unproductive items and big cars, however, previous regime did not care for the imports nor increased the exports to maintain the balance.

Marriott bombing a big blow to markets
The suicide bombing attack which killed at least 53 people in Islamabad would be a big blow to foreign investment and would lead to further weakening of the rupee which is already trading at a record low, dealers and analysts said here on Sunday.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
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