Connect with us

Business

Taiwan Cloud Association joins member manufacturers at AIoT Taiwan to welcome the first wave of foreign buyers after the epidemic

Published

on

Reading Time: 3 minutes

Master the key trends of digital transformation in 2023

The epidemic has accelerated the digital transformation of industries in various countries. In order to assist domestic industries to introduce digital technology and lead member manufacturers to meet the first wave of foreign buyers after the epidemic, the Taiwan Cloud Internet of Things Industry Association ( referred to as Taiwan Cloud Association ) today (26) in “Taiwan” Artificial Intelligence and Internet of Things Exhibition (AIoT Taiwan) ” was held in the “Cloud Internet of Things Theme Pavilion” . It gathered 16 manufacturers or legal entities including the three major telecommunications companies, Advantech, Jiasda, ITRI , and exhibited 18 technologies. Integrating the five major axes of 5G application, AI cloud, supply chain information security, accelerating digital transformation with large and small, and welcoming 6G communication technology, it has become one of the most grand theme pavilions in this year’s AIoT Taiwan exhibition.

Que Zhike, Secretary General of the Taiwan Cloud Association ( President of Delta Research Institute ), said that 5G , AI and information security are the driving force and guarantee for the digital transformation of the industry. This year’s feature is that in addition to the industry heavyweights participating in the exhibition, large and small enterprises are invited to join hands. The cooperation results will be exhibited, and the technology of new startups will be introduced into small and medium-sized enterprises to accelerate the digital transformation of enterprises. In addition, the Taiwan Cloud Association is optimistic about the 6G business opportunities from the cloud, into the universe, and into space . It also needs more forward -looking technical support in the digital transformation . In order to build a diversified and cross-domain partnership and jointly promote the “cloud optical communication industry”, in the future, both members will be promoted as upstream and downstream complementary manufacturers in the field of optical communication, creating business opportunities for each other’s members.

Other highlights are shown below:
Import AI Express   ITRI ‘s AI modeling system helps companies achieve digital transformation at low cost
In recent years , AI technology has been widely used in various industries. However, with the introduction of multiple AI applications, companies often need time-consuming and laborious data cleaning and labeling, not to mention the high investment in AI technology research and development such as model development and parameter adjustment. In this context, the ITRI team has been actively investing in the research and development of friendly, easy-to-use and highly automated AI modeling systems based on the accumulated AI application achievements in manufacturing, business, finance, medical care, and text-related fields over the years ” (FAST AI Workbench) ” to help the industry lower the threshold for AI investment, so as to accelerate the implementation of AI from “data processing”, “modeling”, ” training” and “access to enterprise processes” . Using ” Fast AOI” to help the industry reduce false alarms, save manpower, and make real-time judgments.

Advertisement

Show the system integration of the domestic 19 -meter air dominance large-scale spacecraft   Published high-altitude spacecraft communication payload system

The unmanned spacecraft has low energy consumption and long-term airborne capability. ITRI has independently developed the communication payload integration technology of domestic unmanned spacecraft, including high-altitude spacecraft broadband communication integration, radio relay communication, radio direction finding and ship signal decoding and other technologies, with low serial connection. Orbital satellite system, after integrating the communication payload, can be applied to 4K real-time image streaming, realizing communication transmission relay, navigation and positioning, detection and disaster prevention, radio direction finding and positioning and other functions, strengthening and improving the three-dimensional high-altitude relay backbone and disaster prevention communication system development.

Other highlights in the pavilion are Advantech’s private cloud solution ” WISE-STACK “, which contains 5G multi-access edge computing servers and AI frameworks that comply with NIST SP 800-193 information security specifications “Learning Homework” (MLOps) is applied in different fields such as: smart manufacturing, smart production, energy and environmental protection, smart medical care, smart city and other fields to achieve the goal of digital transformation and sustainable operation. In addition, Chunghwa Telecom’s ” 5G Infant Remote Smart Monitoring System” can be paired with Bluetooth to obtain values , upload the blood oxygen, heart rate, and temperature records of the newborn in real time. Combined with the AI ​​analysis of Yangming Jiaotong University Digital Medicine and Smart Medical Center , the blood oxygen can be fed back in real time. Trend forecast, reduce unnecessary visits and contacts, take care of every newborn under the epidemic and in the era of low birthrates, and also show that technological upgrades facilitate your life and mine.

Advertisement
Continue Reading
Advertisement

Business

Bajloor Rashid Elected Chairman, Mezanur Rahman Elected Vice Chairman of Progressive Life Insurance

Published

on

Reading Time: < 1 minute

In a recently held board meeting of Progressive Life Insurance Company Limited, a renowned listed insurance company in the country’s capital market, Bajloor Rashid MBE, was elected as Chairman and Mezanur Rahman as Vice Chairman.
The formal election took place at the 203rd board meeting of the company held on Sunday, 29 June 2025, for the term 2025-2026.

Bajloor Rashid MBE, is a distinguished and successful businessman and social worker. He is also one of the founding shareholders of Progressive Life Insurance Company Limited. In the early 1980s, he established himself as an ambitious young entrepreneur in the growing catering industry. Notably, from 2006 to 2012, he served successfully as the President of the UK-based association of catering restaurant owners.

On the other hand, the newly elected Vice Chairman, Mezanur Rahman, is an established and successful businessman. He is a founding director and former Vice Chairman of Progressive Life Insurance Company Limited. He holds a degree in Architecture from Leeds Metropolitan University, United Kingdom. He is also actively involved with various humanitarian and social organizations.

Advertisement
Continue Reading

Business

Progressive Life Insurance successfully settles claims totaling nearly Tk 40 crore in 2024

Published

on

Reading Time: 2 minutes

Progressive Life Insurance Company Limited (PLICL) settled down insurance claims of approximately 40 (forty) crore taka in 2024 which has fortified clients’ confidence on the company. Progressive Life Insurance Company Limited entered 25th year on 6 January 2025. PLICL was founded on 6 January in the year 2000. Discussion programs, slicing a cake, offering dua and a colourful rally were organized to mark the company’s founding anniversary on Monday at PLICL corporate office in the capital. 

The rally moved around different parts of Dhaka city and the officials of the company held a gathering in front of PLICL head office on Monday morning at 10:30 am. 

PLICL Chairman (Acting) M Shoeb Chowdhury joined the 25th founding anniversary celebration virtually as the chief guest. M Shoeb Chowdhury said that the top management of Progressive Life Insurance Company Limited has been able to uphold the dream cherished by expatriate Bangladeshis whose contribution led to the establishment of the company. Shoeb Chowdhury laid emphasis on working with unity and solidarity for the company’s further advancement and to generate many more success stories.

PLICL Executive Committee Chairman Mezanur Rahman , Chairman of Audit Committee Dr. Md. Jamil Sharif, PhD, FCMA and former entrepreneur Prodeep Sen also attended the program. The event was presided over by the company’s Chief Executive Officer (CEO) Md. Saidul Amin. The 25th founding anniversary of Progressive Life Insurance Company Limited was celebrated in 32 districts and divisional offices across Bangladesh. Senior officials of the insurance company expressed hope and determination to transform PLICL into a top notch institution in days to come. The speakers at the program stated that Progressive Life Insurance Company Limited appointed 1200 development officers in 2024 and training courses have been initiated to upgrade their skills.

Advertisement

PLICL Deputy Managing Director (DMD) Mohammad Hossain Shaheed Suhrawardy, Senior DMD Shahjahan Azadi, Company Secretary Abdullah Al Mansur and Senior DMD Jaseem Uddin Prodhan addressed the program among other dignitaries.

Continue Reading

Business

Banks see rising deposits for higher interest rates

Published

on

Reading Time: 2 minutes

Bank deposits grew in the third quarter of 2024 as many people were encouraged by rising interest rates to park their money at commercial lenders.

In the July-September period of the previous calendar year, bank deposits rose 7 percent year-on-year to Tk 18.25 lakh crore, with bank branches in rural areas registering higher deposit growth compared to their urban counterparts.

The significant hike in interest rates was a key driver behind the growth in bank deposits, said Syed Mahbubur Rahman, managing director and chief executive of Mutual Trust Bank PLC.

Besides, banks have carried out a lot of campaigns to attract depositors, he added while informing that they expect the uptrend of deposits to continue.

Advertisement

The weighted average interest rates on deposits rose to 5.88 percent in the July-September quarter last year from 4.55 percent during the same period of the previous year, according to data of the Bangladesh Bank.

But when comparing the April-June quarter, bank deposits declined by 0.73 percent year-on-year due to widespread unrest centring a mass movement that ousted the Awami League government on August 5.

Overall bank deposits stood at Tk 18.38 lakh crore by the end of last June.

Private commercial banks, including Islamic banks, constitute 68 percent of the total deposits at present.

However, the central bank data shows their deposits shrank 0.33 percent to Tk 12.58 lakh crore by the end of last September from Tk 12.62 lakh crore three months prior.

Advertisement

The crisis ridden Islamic banks recorded the steepest decline in deposits during the July-September period. Meanwhile, state banks closely followed even though both public and private banks saw deposit growth for about one year since the end of September 2023

On the other hand, loans and advances maintained an uptick for four quarters ending with the July-September period of 2024.

Loans and advances increased by 10 percent year-on-year to Tk 16.19 lakh crore by the end of September last year.

Between June and September of 2024, loans and advances to bank borrowers grew by 1.43 percent mainly in urban areas.

Advertisement
Continue Reading

Trending

Editor : Jashim Uddin ; Publisher: Rafiqul Alam Address: Bengal Centre (6th floor), 28 Topkhana Road, Dhaka-1000, Bangladesh Ph :+8802-7124586 e-mail:dailyfrontlinebd@gmail.com Copyright © 2020 Daily Frontline. Bangladesh Independent Daily.