In Tuesday's South Asia papers

06 January 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

India on offensive, gives Pakistan proof
India on Monday went on a diplomatic offensive by presenting Pakistan, US, UK and Israel a dossier of 'hard evidence' from the probe into the Mumbai attacks.

Panic buying as 60 lakh trucks stay off roads
With as many as 60 lakh trucks staying off the roads across the country on Monday, traders and commoners, fearing food shortage, pressed the panic button.

Business

Another Nagarjuna official held
Immigration officials at IGI arrested Gokaraju Satyanarayana Raju, an accused in the Nagarjuna Finance Ltd case, while he was waiting to fly to Israel.

Set financial goals, and go for them
According to financial advisors, absence of a "proper plan'' is the main reason why many individuals fail to achieve their financial goals.

THE ECONOMIC TIMES

Front page

Stocks seen ranged; global cues mixed
Stocks are likely to remain rangebound on Tuesday after the recent rally on Indian bourses. Profit booking may be on the cards ahead of  the start of third quarter earnings season..

Tech Mahindra offers Satyam cashless merger
Tech Mahindra is understood to have approached Satyam, India’s fourth-largest IT services company, for a cashless merger. Satyam staff may buy shares.

THE BANGLADESH TODAY

Front page

Transition to democracy from emergency rule
The country's transition to democracy from undemocratic Emergency Rule is set to be completed as President Professor Dr Iajuddin Ahmed Monday invited Leader of Parliament and Awami League president Sheikh Hasina for taking oath as the Prime Minister of the county at Bangabhaban on Tuesday.

Defeated senior leaders of BNP allegedly obstructing oath of BNP MPs-elect
BNP senior leaders and standing committee members being defeated in the national parliamentary election are allegedly discouraging other MPs-elect of the party to take oath.

Business

Bleak economic outlook forecast for 2009 despite US hopes
European and Japanese officials on Monday warned the global downturn would worsen despite hopes that US president-elect Barack Obama could galvanise the world's largest economy with a new stimulus plan.

DSE tumbles amid profit taking
The Dhaka Stock Exchange (DSE), the country's main bourse, tumbled on Monday amid profit taking following gains for six consecutive days. 

DAILY MIRROR

Front page

MTV/MBC under seige - UPDATE 2
Officials from MTV/MBC say armed gang of about 20 entered the premises of the transmission station in Pannipitiya, and held staff and security personnel at gunpoint before setting the main control room on fire.

SLA clear A-34 up to Tanniyuttu
Troops of the Army 57 Division, Task Force 3 and Task Force 4 have opened up the A-34 road (Mankulam- Mullaittivu) road up to Tanniyuttu, following recent counter terrorist operations with the support of Air Force jets and helicopter gun-ships on the Mullaittivu battlefront on Tuesday morning.

Business

SL banking sector less sophisticated
A senior banker termed the Sri Lankan banking system as “less sophisticated”, which is why it was “fortunate” that the global crisis had not hit the local financial sector.

First Sri Lankan to be elected Deputy-Chairman of the RCS Hqr in London
Dr. Chris Nonis, Trustee and Council Member of the Royal Commonwealth Society Headquarters in London, which oversees the work of the RCS in the 53 Commonwealth Countries, was elected as its Deputy-Chairman in 2008.

DAWN

Front page

India hands over Mumbai ‘evidence’ to Pakistan
India on Monday handed over a dossier to Pakistan, claming it incriminates “elements” from across the border with the Mumbai terror attacks and said Islamabad should extradite those involved to face Indian justice.

Israeli air strike kills 13 members of Gaza family
Israeli tanks, planes and ground forces pounded Gaza on Monday and the defence minister said the offensive against Hamas in the Palestinian enclave would go on until Israel was safe.

Business

Japan auto sales fall to 34-year low in 2008
New vehicle sales in Japan slumped to the lowest level in three decades in 2008 as recession hit Asia's biggest economy, piling pressure on its auto giants, an industry group said Monday.

Stocks up by 2.14% with bailout on way
Shares in Pakistan gained for a second straight trading session on Monday, adding 2.14% as investors eagerly await the launch of a government market bailout fund, dealers said.

BUSINESS RECORDER

Front page

Mumbai attacks have links to Pakistan: Boucher
US Assistant Secretary of State for South and Central Asian Affairs, Richard Boucher on Monday said that Mumbai attacks have links to Pakistan or it leads to Pakistan soil.

Banks to provide information on salaries, interest to LTU
Banks would provide information on salaries and interest to the Large Taxpayers Unit (LTU), Karachi for monitoring of withholding taxes from the banking sector.

Business

Under APTA: Afghanistan proposes complete withdrawal of 'negative list'
Afghanistan has proposed complete withdrawal of 'negative list' under the proposed Afghanistan Pakistan Transit Agreement (APTA).

Traders asked to visit Vietnam to tap business opportunities
The Ambassador of Vietnam, Nahuyen Quang Thue, has invited Pakistani businessmen and people to visit Vietnam to tap business opportunities and tourism.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
+44 20 8652 3214

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