Saudi firms invited for export development forum in Lanka

Updated 06 September 2016
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Saudi firms invited for export development forum in Lanka

RIYADH: The “16th World Export Development Forum (WEDF) is scheduled to be held in  Colombo, Sri Lanka, from  Oct. 12 to 13 under the theme of ‘Trade for Success: Connect, Compete, Change’.
The World Export Development Forum (WEDF) is an annual flagship event of the International Trade Center (ITC), Geneva, which brings together around 400 business practitioners from around the world to debate and identify practical solutions that contribute to trade-led inclusive sustainable development.
A special feature of WEDF 2016 in Colombo is a schedule of dedicated Business to Business (B2B) meetings for which over 100 Sri Lankan companies from the sectors mentioned below will be participating.
This will offer an excellent platform for Saudi Companies to meet business partners from Sri Lanka.
Special incentives such as a 25 percent discount on airfare on Sri Lankan Airlines and concessionary accommodation for 3 nights, etc. will be offered for potential Saudi businesses.
The sectors in focus are: information and communication technologies (ICTs), apparels, tourism, rubber-based products,
specialty food: tea and spices, manufacturing products and processed food.
South Asia’s most focused and largest international Boat Show and Fisheries Exhibition 2016 will also be held from Oct. 13 to Oct. 15 in Colombo and participants of the World Export Development Forum will be given an opportunity to visit this event as well.
Presentations on Investment opportunities in Sri Lanka and Sri Lanka product Exhibitions will also take place in parallel to WEDF 2016.
Investors and companies interested in taking part in these events can contact Gayan Rajapaksa/commercial secretary/Embassy of Sri Lanka in Riyadh (Tel: 011 4608251, mobile: 050 4481634 fax: 011-4608846, and e-mail: [email protected]/[email protected])


‘There is no free lunch’, Macron tells tech giant CEOs

Updated 24 May 2018
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‘There is no free lunch’, Macron tells tech giant CEOs

PARIS: President Emmanuel Macron told executives from the world’s biggest technology firms on Wednesday that he wanted innovation to be a driving force for the French economy, but also that they needed to contribute more to society.
The French leader paints himself as a champion of France’s plugged-in youth and wants to transform France into a “startup nation” that draws higher investments into technology and artificial intelligence. He is also spearheading efforts in Europe to have digital companies pay more tax at source.
Macron’s guest-list included Facebook Inc. Chief Executive Mark Zuckerberg, IBM’s Virginia Rometty, Intel Corp’s Brian Krzanich, Microsoft Corp’s Satya Nadella and a raft of other big hitters in the corporate world.
“There is no free lunch,” he quipped in English to the executives lined up on the steps of the Elysee Palace for a photo call at a lunch meeting. “So I want from you some commitments.”
As Macron spoke, IBM announced it would hire about 1,400 people in France over the next two years in the fields of blockchain and cloud computing.
Ride-hailing app Uber also said it planned to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment.
Macron will hold one-on-one talks with Mark Zuckerberg on tax and data privacy on the sidelines of the Tech For Good summit — a day after the Facebook chief executive faced questions from European Union lawmakers.
Those talks will be frank, an Elysee official said ahead of the meeting. While Macron will be pitching France Inc, he will also push his case for a European Union tax on digital turnover and a tougher fight against both data piracy and fake news.
Zuckerberg on Tuesday sailed through a grilling from EU lawmakers about the social network’s data policies, apologizing to leaders of the European Parliament for a massive data leak but dodging numerous questions.
Macron told the executives that business needed to do more in tackling issues such as inequality and climate change.
“It is not possible just to have free riding on one side, when you make a good business,” the French president said.