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India
Bajaj motorcycle sales jump 78% in February
The country's second largest two-wheeler maker Bajaj Auto today reported 78.03% jump in motorcycle sales at 2,34,623 units in February.
The company had sold 1,31,785 units in February last year, Bajaj Auto Ltd (BAL) said in a statement.
BAL attributed growth to robust sales of its Pulsar and Discover range of bikes, it added.
Total two-wheeler sales during the month also jumped by 77.28% to 2,34,710 units compared to 1,32,393 units in the same period a year ago, it said.
Source: Times of India
Pakistan
'Punjab most attractive investment destination in the world'
The province of Punjab is one of the most attractive business destinations in the world because of 100 percent foreign ownership, the easiest business start-up and for having one of the largest consumer base in the region. This was the crux of the presentation given at a conference on "Investment Opportunities in Punjab" jointly organised by the Lahore Chamber of Commerce and Industry and Punjab Board of Investment and Trade (PBIT) here at LCCI on Wednesday.
The conference was jointly chaired by former LCCI Senior Vice President Abdul Basit and Provincial Secretary Commerce and Investment Fazal Abbas Maiken. A number of LCCI Executive Members including Nasira Taskeen, Mian Zahid Javaid, Dr Shahid Raza and Shakil Ahmad also spoke on the occasion.
There was a consensus among all the speakers that any investment in the province was bound to earn rich dividends for the investors as all the sectors in the province are open for Foreign Direct Investment and both the locals and the foreigners are treated equally. They said that the repatriation of the profit was guaranteed by law while the international arbitration was enforceable through local courts.
Source: Business Recorder
Sri Lanka
Sri Lanka eyes sports business for post-war role
Sports and business must grow simultaneously if they are to play a role for reconciliation and nation-building to succeed in post-war Sri Lanka, experts say.
The civil war, which ended in 2009, cast a long shadow on the sporting activities in the island nation.
Sri Lanka had a popular sporting culture in the past, but now it needs help from the government to produce proper policies for its development and gain help from business, analysts believe.
"If mass participation can be assured, investing money in sports is not an issue, and industry and business houses will come forward to do it," says Neela Marikkar, chairperson and managing director of Grant McCann Erickson, the Sri Lankan arm of the global advertising giant McCann Erickson.
The Sri Lankan Olympic Association (SLOA) also says that if the respective sporting bodies and the government come forward - with plans for developing the infrastructure needed for taking forward sporting activities in the country - then many would be prepared to support it.
"A three-pronged strategy is needed; with the participation of the ministry of sports, education department and the respective sporting associations," says Maxwell de Silva, secretary general of the SLOA. Although Sri Lanka is in the top 100 countries in the world based on its GDP ($40bn), it has a budget of only $30m for its department of sports development.
Source: Daily Mirror
Bangladesh
Dhaka, Delhi to venture into power plant
Bangladesh Power Development Board (BPDB) and National Thermal Power Company (NTPC), India are likely to go for a joint venture to set up a 1,320 MW of coal-fired power plant soon.
According to the sources in the BPDB, a memorandum of understanding will be signed during a two-day first steering committee meeting on grid connectivity tomorrow during the visit of HS Bharma, India's power secretary.
"The working committee will fix share and equity, tariff and other related issues of the proposed joint venture, " a top official of the BPWD told the news agency yesterday.
The NTPC has huge experience in installing mega coal-fired power plant.
Source: Daily Star
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