In Friday's South Asia papers

10 October 2008 06:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Army wants mini spy drones with 'killer role'
The Army has launched a global hunt for a "massive" induction of "mini" and "micro" spy drones for short-range surveillance and intelligence-gathering missions.

Economic slowdown to change placement trends
The economic slowdown is going to impact campus recruitments. Experts predict changes in pay packages, profiles and hiring strategies.

Business

Morgan, Merrill, Citi sell stakes in Indian cos
An analysis of select stocks show that apart from Morgan, Merrill Lynch, Citigroup and Goldman Sachs too have been selling stakes in Indian companies.

Companies queue up for debt restructuring
Though the situation may not be alarming just yet, fresh cases have been added to RBI-constituted corporate debt restructuring (CDR) cell - a signal that more defaults on borrowings could be in the pipeline.

THE ECONOMIC TIMES

Front page

Sensex seen falling on recessionary fears
Stocks are expected to open gap-down as markets around the world remain gripped by fear that a recession is imminent.

Rupee hits all-time low on global crisis
The rupee fell to a record low past 49.07 per dollar as the spreading global crisis hurt sentiment in Asian markets.

THE BANGLADESH TODAY

Front page

Dialogue between BNP and govt on 15 October
The much awaited dialogue between BNP and the government is going to be held on 15 October and this has been confirmed by both BNP as well as government sources.

AL to restore ’72 Constitution, if obtains 2/3rd majority: Ashraf
Awami League would reinstate the Constitution of 1972, if the party is voted to power by obtaining two-third majority in ensuing Jatiya Sangsad (Parliament) polls.

Business

Myanmar keen to boost trade, commerce with Bangladesh
Myanmar's apex trade body signed a Memorandum of Understanding (MoU) with Chittagong Chamber of Commerce and Industry in the port city Thursday with a larger aim of expanding communications and trade and commerce between private sectors of the two countries.

Developing nations face tough times: WB
With world attention trained on resolving a financial crisis in Western economies, World Bank President Robert Zoellick said the poverty-fighting institution is warning developing countries to prepare for tougher times.

DAILY MIRROR

Front page

Palestinian leader thanks Sri Lanka
Palestine President Mohammed Abbas expressed his deepest gratitude to the people of Sri Lanka for the moral support given right through for the struggle carried out by the Palestine people to protect their rights for several decades.

Sri Lanka slams EU report
Sri Lanka has slammed a EU report on the country saying it contains unsubstantiated allegations, deliberate distortions and blatant falsehoods.

Business

Asia to fare better in credit crisis: ADB
The global financial crisis will have "considerable" effects on Asia but the region will fare well by world standards, Asian Development Bank president Haruhiko Kuroda said on Thursday.

Trade and Development workshop today
A ten day workshop on Capacity Building, Trade Negotiation and SME development for Iraqi officials will be inaugurated today at the Ceylon Continental Hotel organised by the Ministry of Export Development and International Trade.

DAWN

Front page

No consensus in sight on terror war policy: Joint session to resume on Monday
If the government aims at creating a national consensus on its strategy in the "war on terror" through the joint session of parliament, it seems to have failed in its objective as all opposition groups have been expressing dissatisfaction with the briefing and the quality of answers to their questions.

Suicide attacker destroys police HQ in Islamabad
A suicide bomber rammed an explosive-laden car into headquarters of the Anti-Terrorist Squad of police on Thursday, injuring eight policemen.

Business

Bread prices shoot up: Utility stores raise sugar rate
The Utility Stores Corporation has increased the price of sugar to Rs 34 per kg after its rate went up to Rs 38 in retail markets.

Zimbabwe inflation at 231m%
Zimbabwe’s annual inflation rate soared to 231m% in July, a state newspaper said on Thursday, confirming the daily hardships of a nation driven into poverty and trapped in a political impasse.

BUSINESS RECORDER

Front page

US missile strike kills nine near Miranshah: Officials
A US missile strike on a house in Miranshah killed nine people including six Arab militants on Thursday, security officials said.

Banks import dollar bills to meet panic withdrawals
Banks have imported a big consignment of cash US dollars in order to meet a sudden surge in panic withdrawals, according to well-placed banking and government sources.

Business

Pakistan's foreign exchange reserves rise $190m to $8.32bn: SBP
Pakistan's foreign reserves rose $190m to $8.32bn in the week that ended on 4 October from the previous week, the central bank said on Thursday.

EDF approves export-oriented projects worth Rs 243m
The Export Development Fund (EDF) here on Thursday approved various projects worth Rs 243m relating to promotion of exports in various sectors.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
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