In Friday's South Asia papers

19 June 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

42 operational terror camps in Pak, PoK
When Prime Minister Manmohan Singh acted tough with Pakistan President Asif Ali Zardari in the full glare of television cameras this week, he had solid reason to do so.

India may dilute stand on farm product imports
India has indicated that it may dilute its stand on market access for foreign farm products in an effort to breathe new life into the Doha Round of WTO trade talks that were stalled due to New Delhi’s previously strong opposition on the issue.

Business

Inflation turns negative for first time in 30 years
The rate of inflation, as measured by the wholesale price index, has turned negative for the first time in over three decades.

India Inc buys 143 US companies in two years
The greater engagement of US with India seems to have benefited the former during the economic downturn as thousands of Americans managed to save their jobs when Indian corporates went on a major acquisition drive in the US.

THE ECONOMIC TIMES

Front page

‘India, other emerging markets will grow well’
Abby Joseph Cohen, senior investment strategist at Goldman Sachs and president of the Global Markets Institute, had predicted the bull run in the 1990s, earning her the sobriquet ‘perpetual bull’.

Ambanis under pressure to settle row over KG gas
Family members and well-wishers are seeing adverse Bombay HC judgement on KG basin natural gas as an opportunity for Ambanis to mend fences.

THE BANGLADESH TODAY

Front page

PM for joint southeast Asian efforts to eradicate poverty
Prime Minister Sheikh Hasina emphasised joint efforts of the southeast Asian nations for eradicating poverty through accelerating economic development and facing the challenges stemming from global climate change.

Democracy is there despite budget session boycott: Muhith
The main opposition is absent in the budget session in parliament but democracy is there, the finance minister has said.

Business

DSE benchmark index crosses 2,800 mark after six months
The benchmark index of Dhaka Stock Exchange (DSE) on Thursday crossed 2,800 mark after about six months of trading, as the country’s premiere bourse continued a bullish trend.

BD losing its competitiveness
Bangladesh is losing its competitiveness compared with the other countries as it has witnessed either an upward acceleration or a stagnant situation in cost of many components of investment among the 34 comparing to other countries.

DAILY MIRROR

Front page

Sri Lanka fighting over, but much work remains - Ban
The Sri Lankan Government last month declared that its military operation against Tamil rebels has ended, but there remain a number of outstanding issues that if left unaddressed could lead to more violence, UN Secretary-General Ban Ki-moon said.

Pakistan dedicate win to long-suffering fans
Pakistan captain Younus Khan dedicated his team’s Twenty20 World Cup semi-final win over South Africa on Thursday to the long-suffering fans afflicted by militant violence back home.

Business

Lanka ORIX Securities eyes global expansion
Lanka ORX Securities (Pvt) Ltd would be soon having new Directors and shareholders comprising of those who have collectively executed a majority of the strategic transactions in the Colombo Stock Exchange.

ADB, Sri Lanka sign $160m loan agreement to fund power sector development
The Government of Sri Lanka and the Asian Development Bank (ADB) signed a $160m loan agreement yesterday for the development of the country’s power sector.

DAWN

Front page

Pakistan storm into World T20 final
Shahid Afridi shone with bat and ball as Pakistan dumped South Africa by seven runs to storm into the final.

PM announces withdrawal of tax on CNG
In response to severe criticism, PM Gilani admitted that levying a carbon tax on CNG would burden people.

Business

Businessmen reluctant to set up own power units
The high cost of buying and maintaining generators is the major hindrance in switching over to captive power systems.

Power failure hits output and exports hard
Production lines of the entire industry in the city remained paralysed on Thursday following Wednesday evening’s unprecedented power breakdown, which caused billions of rupees in production losses and cancellation of export orders.

BUSINESS RECORDER

Front page

US drone attack kills nine in South Waziristan
At least nine people have been killed as a US drone fired missiles in South Waziristan agency.

Carbon tax on CNG withdrawn
The government on Thursday withdrew the decision of levying carbon surcharge on Compressed Natural Gas (CNG) by deleting the word "carbon" from the head of the levy.

Business

Austria to invest in water and power sector
Austrian Ambassador, Dr Michael Stigelbauer on Thursday called on the Minister for Water and Power, Raja Pervez Ashraf and discussed various matters of mutual interest and possibilities of investment and technical cooperation in water and power sector.

Zardari invites Belgian businessmen
President Asif Ali Zardari on Wednesday invited Belgian businessmen to come to Pakistan and explore a market that boasts of over 170m people.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
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