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Sunday, November 8, 2009
Sri Lanka Diplomatic Sparring Games with international heavyweights EU & U.S.
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Diabetes afflicts around two million in Sri Lanka

Children Hospital Specialist Dr. Pujitha Wickramasinghe reiterated that this disease is incurable but controllable when proper treatment is taken. “You could prevent this disease by maintaining the weight of the body in preparation to your height, curtailing consumption of sugar and oily food and engaging in proper exercise and avoiding stress. Grain-food, vegetables, fruit and food containing fibre should be essentially included in the meals,” he said.
It has been indicated that the Diabetes parents are in rapid increase in the world, Sri Lanka Diabetes Association strives very hard to battle the disease in Sri Lanka.
The World Diabetes Day is to be commemorated on November 14 under the theme ‘Awareness and Prevention of Diabetes,’ a media release from the Information Department states.
Statistical report of Sri Lanka Diabetes Association indicates that about 275 million people suffer from this disease in the world. Sri Lanka Diabetes Association Secretary Dr. Mahen Wijesuriya told at a media conference at the National Diabetes Centre, that annually 3.8 million people die of this disease in the world and seven million new patents are being diagnosed.
Source: Daily News
SLIIT wins international competition

Friday, November 6, 2009
Gold price hits record after 'Sri Lanka purchase'

AFP- The price of gold hit a record high above 1,100 dollars an ounce in trading here on Friday following a report that Sri Lanka had joined India in purchasing the precious metal in favour of the US currency.
"The Central Bank of Sri Lanka has announced that it is buying gold to diversify its reserves," industry body the World Gold Council (WGC) said in a statement issued before gold struck a record high of 1,101.42 dollars.
It later pulled back to stand at 1,092.65 dollars an ounce in late London trading.
Gold had struck a series of highs already this week after the IMF said it had carried out a massive sale of the precious metal to India.
"Over the past year central banks, which have been net sellers of gold are now a new and increasingly important source of demand," WGC chief executive Aram Shishmanian said in the council's statement.
"This latest announcement demonstrates that many central banks are reassessing their reserve asset management policies."
Gold had reached a record high of 1,087.80 dollars on Tuesday as the IMF said it had sold 200 tonnes of gold to India's central bank over a two-week period last month for 6.7 billion dollars to bolster its finances.
Gold and other commodity prices have surged in recent months amid a move away from the dollar, which has been slumping. The move accelerated last month on a report that Gulf states may stop using the greenback for oil trading.
The metal is also winning support from fears over a possible spike in inflation, as gold is widely regarded by investors as a safe store of value.
The sale to India was nearly half the 403.3 tonnes of gold that the IMF has targeted for sale over the coming years.
The Washington-based IMF, which currently holds 3,217 tonnes of gold, is the third-largest official holder of the precious metal after the United States and Germany.
India is the world's biggest consumer of gold, importing between 700 and 800 tonnes of the metal every year or 20 percent of global demand.
A senior IMF official said that the IMF was "lucky" in selling the 200 tonnes to India for roughly 1,045 dollars an ounce, compared with 850 dollars an ounce in April 2008.
Gold's price, which has risen more than 20 percent this year, has a bright future thanks to improving demand caused by the financial crisis, industry experts said this week.
"Although it's difficult to predict in the short term, the overall picture is very healthy," Mark Lynam, an executive for AngloGold Ashanti -- the world's third largest gold producer -- told the London Bullion Market Association annual conference in Edinburgh.
Plush London department store Harrods last month surprised the retail industry by starting to sell gold bars, with prices fluctuating according to the current market price.
Sri Lanka shares up from 2-mo low on bargain hunting

COLOMBO, Nov 6 (Reuters) - Sri Lanka's shares .CSE rose on Friday from a near two-month low, as investors bought shares battered in the recent fall, triggered by weak investor appetite on economic woes and trade union protests ahead of national polls.
The All-Share Price Index of the Colombo Stock Exchange jumped 1.99 percent or 56.80 points to 2911.62, from its lowest close since Sept. 15. It fell 5 percent in five straight sessions up until Thursday.
Analysts said cautious investors bought shares across the board, but in thin volume due to economic and protest worries.
The bourse has fallen 7 percent since the government said on Oct. 13 it will hold national polls by April.
Frequent protests and trade union actions have dampened investor confidence, which had been already on the decline on worries of political uncertainty ahead of national polls.
Investors are also wary of a likely loss of a European Union trade concession that helped boost Sri Lanka's top export, garments, as the EU has been considering to withdraw the concession over a rights abuse probe.
Worries of lower-than-expected corporate earnings and the arrest of one of Sri Lanka's main investors in a U.S. insider trading case in mid-October, have also hampered a market rise. For more political risks, click [ID:nSP478539]
Conglomerate Carson Cumberbatch CARS.CM surged 5.56 percent to 327.25 rupees, while top listed private lender Commercial Bank of Ceylon COMB.CM rose 4.03 percent to 174.25 rupees.
Market heavyweight John Keells Holdings JKH.CM, which posted a 43 percent dip in net profit in the September quarter [ID:nCOL450119] last week, gained 2.38 percent to 140 rupees.
Turnover was 357.7 million rupees ($3.12 million), less than last year's daily average of 464 million rupees.
With 93.7 percent return so far this year, the CSE is still one of the best performing bourses in Asia.
The rupee LKR= closed flat at 114.80/85 a dollar with the central bank buying dollars at 114.80 for a twelfth straight week, dealers said.
Sri Lanka central bank on Thursday said it will allow foreign currency outflows up to $500,000 for foreign investments without its approval with effect from December. [ID:nCOL542636]
The interbank lending rate or call money rate CLIBOR edged up to 9.079 percent from Thursday's 9.079 percent.
Wednesday, November 4, 2009
Two Sri Lankans beheaded in Saudi for theft and murder

Riyadh - Two Sri Lankans, one of them a woman, and an Indian were beheaded by the sword in the Red Sea city of Jeddah on Wednesday for theft and murder, the Saudi interior ministry said.
Mohammed Barmil from India and Sri Lankan Bandar Nikar entered the home of Mariam Hussein, a Saudi woman, suffocated her and stole money and jewellery, official SPA news agency reported, quoting a ministry statement.
They had entered with the help of Hussein's Sri Lankan maid, Halima Abdelkader, the ministry said.
The beheadings took to 59 the number of executions in Saudi Arabia this year. Last year, Saudi Arabia put 102 people to death.
Capital punishment can be imposed for crimes of rape, murder, apostasy, armed robbery and drug trafficking under the country's strict Islamic shari'ah laws.
Source: AFP
Protesting graduates clash with police near Hilton


A large number of protesting unemployed graduates who begun a march to Temple Trees from the Fort railway station clashed with riot police after they were stopped near the Hilton Hotel in Colombo. Some roads in the area were closed as result of the protest.
According to reports the students had to disregard the barricade and had pushed them over in their attempt to reach Temple Trees, but were forced to stop when the police fired tear gas and water at them.
The protesting unemployed graduates were sitting out on the road opposite the Hilton hotel and the immediate vicinity, obstructing traffic.
The roads in the area opposite the Hilton hotel and
Source: www.dailymirror.lk
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