Australia Bangladesh Chamber of Commerce and Industry Hosts Insightful Session on the Application of AI in Business Efficiency

PRESS RELEASE

Australia Bangladesh Chamber of Commerce and Industry Hosts Insightful Session on the Application of AI in Business Efficiency

Dhaka, 16 August 2025:

The Australia Bangladesh Chamber of Commerce (ABCC) successfully organized an engaging session titled “Application of AI in Business Efficiency” on August 16, 2025, at Sheraton Dhaka. The event brought together business leaders, entrepreneurs, and industry professionals to explore how Artificial Intelligence (AI) is transforming modern business operations.

Guest of Honour, Mr. Ben Carson, Trade and Investment Commissioner of the Australia High Commission Dhaka, Bangladesh, inaugurated the seminar. ABCCI President Mr. Syed Moazzam Hossain warmly welcomed all the participants and introduced the speaker, Mr. Sadiq M Alam and Mr. Alimuzzaman Nayan to them. ‘This event is designed for those who are passionate about networking opportunities with business professionals, sharing knowledge and insights on relevant industry topics’ he says. The chamber president also affirmed the chamber’s commitment on promoting Artificial Intelligence literacy among members, professionals for ensuring businesses remain resilient and prepared for the future.

The keynote presentations were delivered by Sadiq M Alam, Odoo Certified Functional Consultant, IT Entrepreneur, and Founder of Metamorphosis Ltd., and Alimuzzaman Nayan, Digital Business Transformation Expert. Both speakers shared their deep expertise and practical insights on leveraging AI for enhancing operational efficiency, reducing costs, and driving innovation across industries.

During the session, the presenters discussed the evolving spectrum of AI—from automation and predictive analytics to chatbots, workflow optimization, and hyper-personalization. Case studies and examples highlighted how AI is enabling organizations worldwide to streamline processes, improve decision-making, and enhance customer and employee experiences.

Following the keynote ABCCI President, Mr. Syed Moazzam Hossain, concluded the event with a vote of thanks and would continue to contribute to these types of events in the coming days as well.

Bangladesh to become 24th largest economy by 2030: NHDR Report

Bangladesh to become 24th largest economy by 2030: NHDR Report

Bangladesh is expected to be the 24th largest economy in the world by 2030 despite the adverse impacts of Covid-19 pandemic that has taken huge toll on life and livelihood globally.

Bangladesh has also become a digital economy and the nation envisages that it will be a developed economy by 2041, according to the National Human Development Report (NHDR) prepared by the Economic Relations Division (ERD).

The ERD issued a press release today with the findings of the report which was contributed by leading economists and consultants — Mustafizur Rahman, distinguished fellow of the Centre for Policy Dialogue (CPD), and Selim Jahan, former director of the human development report office of the UNDP and an adviser to NHDR.

It said Bangladesh has graduated to the middle-income category of nations and its move towards graduation from the Least Developed Countries (LDCs) is on track. It has achieved all the important Millennium Development Goals (MDGs) by 2015, it said.

The country maintained a comparable GDP growth rate for the most recent past 10 years (of FY2010-FY2019) is more than 6.7 per cent as a result, a mere $35 billion economy of the mid-1990s has grown to a sizeable one of almost $330 billion.

During the same period, the per capita gross national income has registered a more than seven-fold rise from just $300 to above $2,064.

The headcount poverty fell from 58 per cent in 1990 to about 20.5 per cent in FY2019, it said, adding that average life expectancy at birth registered a rise from 58.2 years in 1990 to 65.4 years in 2000, and then further increased to 72.6 years in 2019.

The report said net enrolment in primary education stood at 97 per cent in 2019, up from 75 per cent in 1990, net secondary education enrolment increased to 66 per cent from less than 20 per cent.

The adult literacy rate increased from just 35 per cent in 1990 to 74.7 per cent in 2019, it said, adding that Bangladesh outperformed India and Pakistan in reducing the infant mortality rate, which dropped from as high as 99.6 per 1,000 live births in 1990, to just 21 per 1,000 live births in 2019.

During the same time, it said the maternal mortality rate – measured as the number of women who died from any cause related to pregnancy or childbirth – declined to 165 per 100,000 live births, down from 594 deaths per 100,000 live births.

The report lauded Bangladesh’s role and involvement in global peacekeeping, saying so far, 163,887 peacekeepers from Bangladesh have participated in UN missions in over 40 countries.

The country has a total of 6,731 peacekeepers to the UN peacekeeping operations, the report added.

The Covid-19 pandemic situation is causing an unprecedented health and economic crisis for the global economies including Bangladesh with severe consequences for human development prospects.

Development gains over the past decade are being threatened by this crisis as the resultant economic consequences could push global poverty up by as much as half a billion people, or 8 per cent of the total human population.

There is an apprehension that the value of global Human Development Index (HDI) could decline this year for the first time since the concept was introduced in 1990.

So, it is essential to assess its negative economic and non-economic impacts and formulate all possible short and medium-term strategies in order to deal with it effectively.

Syed Moazzam elected director of FBCCI

Syed Moazzam Hossain

Syed Moazzam Hossain as a representative and former president of the Bangladesh Indenting Agents’ Association (BIAA), has been elected as Director of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for the term 2021-2023. Mr. Hossain is the Managing Director of SMH Engineering Limited & SMH New Generation Apparels Ltd., Chairman of Lama Rubber Industries Limited, Immediate Past President of the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI), Past President of Bangladesh Rubber Garden Owners Association (BRGOA) and Former Chairman of Electric/ Plastic, PVC & Rubber Standing Committee of the FBCCI.

 

Source: https://today.thefinancialexpress.com.bd/

Syed Moazzam Hossain elected as FBCCI director

ZCZC

BSS-43

FBCCI-DIRECTOR

Syed Moazzam Hossain elected as FBCCI director

DHAKA, May 19, 2021 (BSS) – Syed Moazzam Hossain a representative and former President of the Bangladesh Indenting Agents’ Association (BIAA), has been elected as Director of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for the term 2021-2023.

Hossain is the Managing Director of SMH Engineering Limited and SMH New Generation Apparels Limited and Chairman of Lama Rubber Industries Limited, said a press release.

He is the immediate past president of the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI), past president of Bangladesh Rubber Garden Owners Association (BRGOA), and Former Chairman of Electric or Plastic, PVC and Rubber Standing Committee of the FBCCI.

Syed Hossain is currently the EC Member of CCIFB, BANGLACRAFT and BSREA. He was also the Director of Dhaka Chamber of Commerce and Industry (DCCI).

He is a member of BGMEA & BKMEA.

BSS/PR/KUC/ARS/1916 hrs

 

Source :  http://www.bssnews.net

Moazzem elected FBCCI director

Moazzem elected FBCCI director

Syed Moazzam Hossain as a representative and former President of the Bangladesh Indenting Agents’ Association (BIAA), has been elected as Director of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for the term 2021-2023.

Hossain is the Managing Director of SMH Engineering Limited & SMH New Generation Apparels Ltd., Chairman of Lama Rubber Industries Limited, Immediate Past President of the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI), Past President of Bangladesh Rubber Garden Owners Association (BRGOA) and Former Chairman of Electric/Plastic, PVC & Rubber Standing Committee of the FBCCI. Syed Hossain also acted as EC Member of CCIFB, BANGLACRAFT AND BSREA. He was Director of Dhaka Chamber of Commerce and Industry (DCCI) and Member of BGMEA & BKMEA. He participated in many Workshop & Seminar and Exhibition at home and abroad and acted as keynote speaker in various subject including Energy & Power, Investment opportunity in Bangladesh etc.

Source: https://www.bangladeshpost.net

Processed food market size hits $2.5b

Industry people say at food processors’ fair in Dhaka

Indian food processing machinery manufacturers are eying good business in Bangladesh as the latter’s agro food processing industry is thriving with each passing year. 

Annual sales of processed agricultural food amounts to around $2.5 billion with growth averaging 8 percent for the past 10 years as local consumption is growing, according to industry insiders.     

Around 70 Indian companies are taking part in a three-day “7th BAPA FoodPro International Expo 2019” at International Convention City Bashundhara.

Saif Ali Sayed, sales engineer at the Lithotech Food and Spice Machinery, said they have over 40 clients in Bangladesh, most of whom were expanding production.

“So the companies are purchasing machinery and equipment from our company,” he claimed.


Rahul Kothari, director of Pakona Engineers of Mumbai, has been taking part in the fair for the past five years. He said they supplied packaging machines to big food processors in Bangladesh including Pran, BD Food and Olympic.

Besides, the number of clients are increasing every year, he said.

Agro processors say export of their food products would cross the $1 billion mark by 2021 and the country has bright prospects in the sector.

“We are on way to increase our export from agro-processed foods thanks to government support and initiatives,” said AFM Fakhrul Islam Munshi, president of Bangladesh Agro-Processors’ Association (Bapa), while addressing the fair’s launching.

He said the size of the processed food market now stands at around $2.5 billion.

Bapa consists of 300 members who shipped around $400 million-worth products last fiscal year. According to Bapa, Bangladesh exports agro-processed foods to 144 countries.

Bapa and the Rainbow Exhibition & Event Management Services jointly organised the fair where agro and food-processing machinery are being displayed to familiarise local food processors with modern technologies.

A total of 300 companies from home and abroad are participating in the show that would remain open to visitors from 11:00am to 7:00pm.

Addressing the programme, Agriculture Minister Abdur Razzak said the government would purchase six lakh metric tonnes of paddy directly from farmers this Aman season. He said the authorities were preparing a farmers’ list up to the union level for a lottery so that none gets deprived.

Razzak assured cooperating with the agro processors to boost export.

Presided over by Ahsan Khan Chowdhury, chairman of the fair committee, the event had speakers including Bishwadip Dey, acting Indian high commissioner to Bangladesh, Syeda Sarwar Jahan, chairman of Bangladesh Food Safety Authority, Robert Douglas Simon, country representative of the Food and Agriculture Organization, and FH Ansary, managing director of ACI Agribusiness.

Vegetable exports rebound after four years

Sohel Parvez…….

Fresh fruits and vegetables export bounced back in fiscal 2018-19, ending four straight years of slump, thanks to higher demand and efforts to improve farming and packaging practices in order to produce and ship disease-free crops.  

Shipment of fresh produce, including potato, rose 31 percent year-on-year to $105.39 million in the last fiscal year, according to the Export Promotion Bureau (EPB).

In volume, exports of vegetables also soared, showed data compiled by the Plant Quarantine Wing of the Department of Agricultural Extension. Exporters shipped 17,487 tonnes of domestically grown vegetables, up 18 percent year-on-year.

Mohammed Monsur, general secretary of the Bangladesh Fruits Vegetables & Allied Products Exporters’ Association (BFVAPEA), attributed the reopening of exports to Europe in the last 7-8 months following a self-imposed ban by Bangladesh for almost two years for the rebound. 

Bangladesh is now shipping fresh produce by packaging them at the central packing house following guidelines for exports to the EU destinations, he said.  

“It has improved our compliance a lot and our shipment has increased.” 

The Middle Eastern countries, home to more than five million Bangladeshi migrant workers, are the biggest destination for the vegetables and fruits grown in the country, followed by Europe.

But the shipment to Europe had come to a halt after the government voluntarily imposed the ban on the exports a couple of years ago in the face of repeated detection of pest in the consignment from Bangladesh by the regulators in the EU. 

The UK, Italy, Germany and France are the major markets for locally grown vegetables and fruits because of the demand from Bangladeshi migrants living there.

Monsur said the government had slapped the export restriction to avoid any potential import ban by the EU. 

“It has paid off. We all have become more aware about quality standards and requirements for exporting,” he said, adding that orders from Qatar have gone up in the recent months.

Previously, exporters used to ship vegetables after packaging them on their own. Now every consignment is packed at the central packing house after quality check. There the consignment is sealed before directly going to the port for shipment.

Non-compliance notification from the EU has reduced significantly, said Md Azhar Ali, director of the Plant Quarantine Wing. 

“Overall, cultivation of exportable vegetables has expanded because of our extension work and training imparted to farmers on good farming practices to produce safe food,” he said.   

Hortex Foundation estimates that 46,476 tonnes of fruits and vegetables were exported in 2018-19, up 15 percent from the previous year, said Mitul Kumar Saha, assistant general manager of the state-run agency.

There has been improvement in post-harvest management and production quality as the government has carried out various projects in this regard, he said.

Despite the recovery, exports receipts remained less than half of the record receipts registered in fiscal 2013-14. Exporters had fetched $248 million from shipping vegetables, fruits and cut flower and foliage in the year, EPB data showed.

BFVAPEA President SM Jahangir Hossain said exports would have increased further if they could get cargo space on the Dhaka-London flights of Biman Bangladesh Airlines. 

Exporters used to get such space on the Biman flights in the past.

He said the association has raised awareness among farmers about the production of exportable vegetables and fruits, biological control, application of pesticide and pre-harvest intervals before harvesting.  

“As a result, farmers are getting higher value for their produce while local consumers have also benefitted from quality fresh crops,” he said.

Exporters source vegetables from areas around Dhaka city, namely Narsingdhi, Sonargaon, Gazipur, Sylhet, Khulna, Rajshahi, and Tangail.

Hossain expects shipment to increase in the current fiscal year. “We will be able to hit our export target if we get cargo space on Biman flights.”

Korea keen to invest in 10 PPP projects

 Munima Sultana ……..

Korea has shown interest to invest in 10 public-private partnership (PPP) projects in the aviation, rail and power sectors under government-to-government arrangements.

However, Bangladesh sought investment in 14 projects in the rail, road, power and textile sectors at the first Bangladesh-Korea joint platform meeting held in Seoul last month.

Sources said public and private delegates placed their proposals during the meeting.

“We have discussed all the projects during the meeting to explore the possibilities and find difficulties in implementing them under PPP,” said an official of PPP Authority who attended the meeting.

He said the two sides are expected to finalise the projects within next two or three months.

Under the Bangladesh-Korea joint platform, the delegates held one-to-one meetings on the projects proposed by different agencies such as Bangladesh Railway, Roads and Highways Department, Power Grid Company Bangladesh Limited, Narayanganj City Corporation and Bangladesh Textile Mills Corporation.

The meeting was a follow-up to the memorandum of understanding signed between the PPP Authority and the Korean government in April in Dhaka.

The PPP Authority and Korea Overseas Infrastructure and Urban Development Corporation (KIND) hosted the meeting.

The PPPA officials said the meeting mainly focused on the projects which could be implemented speedily after getting approval from the cabinet committee on economic affairs.

Korean companies which attended the meeting showed good interest in their proposed projects as they are working in Bangladesh either with different partners or under different projects, they added.

The Korean side showed interest in the projects including Bhanga-Payra port railway project of BR, light rapid transit project of Narayanganj City Corporation, East-West Elevated Expressway project of Bangladesh Bridge Authority and Khan Jahan Ali airport project of Civil Aviation Authority and Chattogram Bay Terminal development project of Chattogram Port Authority.

Besides, they were interested in four projects of Power Grid Company of Bangladesh and one each project of Bangladesh Power Development Board and Dhaka Power Distribution Company.

At the meeting, RHD proposed two expressway projects on Dhaka-Mymensingh Highway and Tongi-Pachdona Road while Bangladesh Textile Mills Corporation proposed four mills development projects.

BR sought Korean investment in building circular railway around Dhaka, construction of railway building in Chattogram and development of some railway hospitals.

Power Grid Company of Bangladesh placed its two projects–Raojan-Mirsarai 230kv transmission line and Matarbari-Banshkhali-Madunaghat 400kv transmission line.

Tk 51.5b project taken for Pyra Port

 FHM Humayan Kabir …..

The government is going to build one of the biggest multipurpose terminals of the country at the Pyra Seaport with the financial support of India, officials said on Friday.

They also said the Pyra Port Authority (PPA) has taken up a project at a cost of Tk 51.50 billion, where Tk 44.02 billion will come from the Indian Line of Credit (LoC).

The berthing length of the multipurpose terminal will be 1,200 metres, they added.

According to the PPA officials, the terminal will be mainly used for handling general cargo, sand and aggregate, and grains.

The terminal’s three berths with a length of 550 metres will be used for handling general cargo, two berths with a length of 400 metres for handling sand and aggregate, and one berth with a length of 250 metres for handling grains.

“We have already sent the Tk 51.50-billion cost project proposal to the Planning Commission for getting approval. Construction of the multipurpose terminal is expected to be completed by 2022,” said an official.

He also said of the total cost, Tk 44.02 billion will come from the US$ 4.50 billion Indian LoC-III.

The official claimed that Pyra, the third seaport of Bangladesh, will be the largest one by 2028 in terms of handling cargoes. It will annually operate about 3.0 million twenty-foot equivalent units (TEUs) of containers then.

During that time, the Chittagong Port will handle 2.23 million TEUs, and the Mongla Port will handle 46,000 TEUs, he noted.

According to the project proposal, the PPA will complete construction of a 1,200 metre X 22 metre jetty with necessary facilities, 10-kilometre (km) slop protection work, installation of 10-km 33-kv electricity line, setting up 10-km optical-fibre cables, building a water treatment plant, fixing a 2.4-km gantry crane, and some other works.

Another official said they have a target to make the Pyra Port operational by 2023.

“In addition to the proposed terminal, we also have a plan to construct another 650-metre length multipurpose terminal-1 at the northern part of the seaport in near future.”

“Indian government has already expressed interest to use the Pyra Port for its northern states. Besides, three big coal-fired power plants and two liquefied natural gas (LNG) terminals will also be set up in Pyra area. They will also use the port to handle their coal and LNG.”

“So, the port will be a busy hub in near future,” he added.

Currently, Chittagong is the largest seaport of Bangladesh, which is handling some 80 per cent of the country’s foreign trade.

The government is also trying to make Mongla, the second largest port, vibrant by upgrading its capacity.

Govt to do everything for dev of medical science: PM

Putting emphasis on advancing the country’s medical science further, Prime Minister Sheikh Hasina has said her government will do whatever is necessary for the development of the field, reports BSS.

“We want to do everything necessary for the development of medical science as well as education and higher education including sending teachers and other concerned abroad,” she said.

Sheikh Hasina added: “We’ll have to pursue all sorts of education so we can do more critical works like successful operation of conjoined twins – Rabeya and Rukaya – in our country.”

The Prime Minister said this when the medical team comprising Bangladeshi and Hungarian doctors and other staff who carried out the operation of the conjoined twins at the CMH in Dhaka recently called on her at her official Ganobhaban residence on Friday evening.

Sheikh Hasina said the Bangladeshi physicians gathered a huge experience through the surgery of conjoined twins titled “Operation Freedom”. “Now we’ll have to focus on further development of medical science by retaining this success,” she said.

Director General of Armed Forces Medical Services Major General Md Fashiur Rahman, Colsuntant Surgeon General of DGMS Major General Mahbubur Rahman, Dr Habibe Milllat, MP, Dr Csapody, the leader of the Hungarian medical team and its members Dr Csoky and Dr Pataki and other physicians and staff who took part in the operation spoke at the function.

Besides, Rabeya and Rukaya’s father Rafikul Islam also spoke at the function expressing his feelings about the successful surgery of her twin daughters.

Sheikh Hasina congratulated the physicians, nurses and other staff including the members of the Hungarian medical team for conducting the operation successfully.

“It’s a wonderful job of the Bangladeshi and Hungarian doctors,” she said, hoping that the twin kids would return to their mother’s lap with full recovery soon.

Through the successful surgery, she said, the physicians of the government institutions of Bangladesh gathered a new experience.

“A beautiful relation has been created among different hospitals and medical institutions centring the critical operation,” she said.

Praising the coordinated work of the physicians of those hospitals and institutions, the prime minister said these institutions worked together and developed understanding and exchanged experiences through it.

“You’ve separated the conjoined head of Rabeya and Rukaya through a successful surgery. But they’ve engaged you in a coordinated work and it’s a great achievement for all,” she said.

The prime minister said the medical institutions which were involved in the surgery of the conjoined twins will have to be more developed and modernised in the light of their experience.

Sheikh Hasina elaborated her government’s steps for development medical science and said the country’s first medical university was established during the Awami League government.