Asian debt concern on the rise
Asian governments began a reluctant addiction to debt financing to bring their economies out of the financial crisis that started in 1997, but concern is rising over how hooked they have become.

Bond fund lends liquidity to Korean firms
A mammoth bond fund that began operating this week in South Korea offers a lifeline to cash-strapped corporates, although analysts warn the longer-term impact could be another pile of junk bonds nobody wants.

PNB Gilts to hit market with Rs 105 cr issue in July 11
PNB Gilts Ltd, the wholly-owned subsidiary of Punjab National Bank (PNB), plans to raise Rs 105 crore through an initial public offer (IPO), which opens on July 11. PNB Gilts is the first primary dealer to tap the capital market.


  Market round-up
  BoJ's tankan report pulls down yen
  TMB registersnet profit of Rs 41 cr
  Non-transparency hits funds flow in power sector -- CII
  Meet on coal as viable feedstock in fertiliser
  Delhi Vidyut Board mulls hiving off into five entities in recast exercise
  Escrow account rider shortcircuits investments -- DVB
  States come up with JV proposals for minor ports
  Naik seeks states help to check adulteration of petro products
  Engg, garments sectors major contributors to export growth
  Nitish seeks equal footing for LDCs
  Conversion of ADB loan into Ennore Port equity favoured
  India, Sweden ink investment promotion pact
  Executive briefing
  Frontier Economics calls for privatising power distribution