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Revolutionizing Aquaculture in Bangladesh: The Case for Semi-Intensive Farming


Aquaculture is defined by the UN’s Food and Agriculture Organization (FAO) as the farming of aquatic organisms including fish, molluscs, crustaceans, and aquatic plants. Farming implies some sort of intervention in the rearing process to enhance production, such as regular stocking, feeding, protection from predators, etc. Farming also implies individual or corporate ownership of the stock being cultivated, the planning, development, and operation of aquaculture systems, sites, facilities, practices, production, and transport.

Aquaculture, which has existed for thousands of years, began significantly contributing to global food supplies and rural economies approximately three decades ago. In 1974, aquaculture accounted for only 7% of fish for human consumption, but by 1994, this share rose to 26%, and by 2020, it reached 46%.

Over the past 50 years, per capita consumption of aquatic foods has more than doubled, averaging around 20.2 kg globally in 2020. Consequently, global production soared to 214 million tonnes by 2020, with aquatic foods supplying approximately 17% of the world’s animal protein intake, exceeding 50% in some Asian and African countries.

Changing Global Trends in Aquaculture

In recent times, there has been a notable shift in aquaculture towards more semi-intensive and intensive methods of farming, marking a significant change in the industry’s approach. This shift is driven by the goals of achieving greater profitability and productivity.

The Food and Agriculture Organization (FAO) notes that this change is necessitated by the growing global demand for seafood, coupled with the need for better use of resources. The transition from Extensive to Semi-intensive farming involves controlled pond environments, while intensive farming uses sophisticated technologies like recirculating aquaculture systems (RAS).

Intensive farming techniques like RAS let producers maximize space utilization by maintaining a closed-circuit, high-density system. The recirculating system removes or converts produced waste products; solid waste, ammonium, and CO2 into non-toxic products. The purified water is subsequently saturated with oxygen and returned to the fish tanks. By recirculating the culture water, the water and energy requirements are limited to an absolute minimum.

Countries leading this shift, such as China, Vietnam, and Thailand, have adopted these methods for their potential to produce higher yields and economic benefits. The trend towards more intensive forms of aquaculture is partly motivated by the desire to improve food security and take advantage of the efficiencies that come with increased production.

Data Image: https://www.lightcastlebd.com/wp-content/uploads/2024/04/output-0001-scaled.jpg

Semi-Intensive Aquaculture: Semi-intensive farming refers to the practice of utilizing the natural environment of the farm to provide supplemental feed inputs to the aquatic species. Although some artificial feed is used, the primary food source is natural feed. Characterized by its high levels of entrepreneurship initiative and higher productivity and efficiency than traditional farming, semi-intensive farming practice has the potential to spread over wide areas and contribute substantially to local fish production.


Production systems usually require some investment in water management and environmental control, albeit much less than large-scale intensive commercial farming. The volume produced exceeds the natural carrying capacity of the water body and can be made successful with a small amount of supplementary artificial feeding and moderate management.

The most common type of semi-intensive system for finfish are ponds, normally made of earth and sometimes lined with clay, fed by a stream or other water source. Harvesting is usually organized and the value chain is longer than extensive aquaculture, with fish normally being sold in local villages and towns, depending on the market linkage. Attached below is an illustration of a typical semi-intensive fish pond.


Bangladesh’s Compelling Shift Towards Modernization

In the fiscal year 2021-22, Bangladesh’s fisheries sector maintained its substantial contribution to the economy, achieving an aquaculture production of 4.7 million metric tons. The country ranks 3rd globally in inland water capture, cage culture, and pen culture production.

Important species such as carp, pangasius, and tilapia play a central role in freshwater fish production. Shrimp farming also thrives, yielding 261 thousand metric tons in 2021-22.

Bangladesh earned USD 471 million in foreign currency during the FY 2022-23, from the exports of aquatic products, (primarily frozen & live fish) albeit undershooting the target set for the period by USD 212 million and constituting <1% of the total export basket.

Bangladesh has over 125 aqua processing facilities, primarily located in port cities like Khulna and Chittagong. Although fish processing levels are relatively modest, there is an expected uptick in retail sales of processed fish, mirroring the growth of disposable income within the country’s population.

As consumer purchasing power increases, there’s a logical and noticeable shift towards higher-value species and processed fish products, particularly in urban areas. However, the shifting demographic and increasing urbanization, while creating demand, are leading to the loss of land for aquaculture.

Under the circumstances, large-scale extensive farming makes little sense, as it requires more land and offers a low yield per hectare. Hence, Bangladesh must adopt low land requirement-based aquaculture methods, namely semi-intensive or intensive farming. The nation depends on aquaculture as its primary source of protein, mainly due to its availability at rural markets and lower cost per kg compared to other sources of meat.

One of the major hindrances to this adoption is the access to finance required for setting up the system. With intensive farming, the problem is exacerbated, as it requires a higher amount of capital to finance the technologically advanced, automated artificial feeding-based aquaculture system.

Lack of supporting technology infrastructure, know-how, and low awareness among farmers might prove to be major bottlenecks. Although there might be a business case for large-scale, commercial, private sector players, for individuals or small local business ventures, there’s limited scope for mass adoption of the intensive production process.

Under this context, the widespread adoption of semi-intensive farming, which requires little capital investment, albeit higher than extensive farming, can be considered a viable way forward, due to several reasons outlined below:

1. Enhances production efficiency, allowing better utilization of aquatic resources, supporting livelihoods, and improving food security
2. Ensures sustainable use of water resources and preserves aquatic ecosystems, securing the long-term viability of the aquaculture industry
3. Boosts profitability for farmers, contributing to rural development and poverty reduction, and stimulating economic growth in ancillary businesses
4. Protects water quality and biodiversity, enhancing Bangladesh’s reputation for sustainable aquaculture and compliance with international standards
5. Produces safer and higher quality fish, meeting local and global market demands, and increasing the value and competitiveness of Bangladesh’s aquaculture products
6. Attracts investment, fostering economic growth, and enabling the shift to intensive aquaculture in the future

Creating a Conducive Environment for Modernization

Navigating the shift towards semi-intensive aquaculture practices, however, presents a series of systemic challenges for Bangladesh, primarily due to the absence of key elements essential for this transition. These challenges not only impede the progression towards more efficient and sustainable aquaculture methods but also affect the country’s ability to meet the rising demand for fish.

The following components are necessary to create a conducive environment for the widespread adoption of more technically proficient and productive farming practices.

Adequate and Affordable Credit Availability and Financing Instruments:

Access to affordable credit and financing instruments is essential for small-scale farmers to invest in semi-intensive aquaculture infrastructure, such as ponds, feed, and equipment. Lack of access to credit or high interest rates can impede farmers’ ability to make necessary investments, slowing down the transition process.

Farmers lacking access to formal finance at the rural level often resort to taking high-interest-rate loans from MFIs and local loan sharks. Amidst the current macroeconomic conditions and high-interest rate regimes, specialized credit products should be available to support farmers at the grassroots level.

Collaboration between the Private Sector, Farmers, and Producer Groups:

Active involvement of the private sector, farmers, and producer groups is crucial for the successful adoption of semi-intensive aquaculture practices. Contract farming arrangements between farmers and formal processors, where financing and profit are mutually shared along with the means of production, are broadly perceived as a key tool for improving social welfare, enhancing global food security, improving technology and food quality, and increasing employment and productivity.

The tool helps farmers overcome production constraints of finance and insurance, poor access to goods inputs, and the shortage of technical and managerial capacity. Private sector participation brings in investment, technology, and market linkages, while their engagement with farmers and producer groups ensures adoption at the grassroots level. Without their collaboration, there’s a gap in the transfer of knowledge, resources, and support needed for the transition.

Existence of a Critical Mass of Public and Private Sector Know-How:

A critical mass of know-how, both in the public and private sectors, is essential for driving innovation, providing technical assistance, and overcoming challenges in semi-intensive aquaculture practices. This includes expertise in breeding, disease management, feed formulation, and market access.

Without sufficient know-how at the national level, there’s a lack of capacity to address technical and operational issues, limiting the scalability and sustainability of aquaculture practices. Regulatory authorities and relevant government institutions have a crucial role to play in developing this awareness, especially at the rural level.

Strategic Aquaculture Policy, Strategies, and Development Plans:

The National Aquaculture Development Strategy and Action Plan of Bangladesh 2013–2020 constituted 16 outputs under four objectives. Notably, Output 1.2 was the semi-intensification of existing extensive farms and intensification of suitable semi-intensive farms. Following the expiration of its timeline, an updated strategic aquaculture development strategy could provide a roadmap for the sustainable development of the aquaculture sector, incorporating contemporary technological developments.

The plan should outline goals, objectives, and strategies to guide the industry’s growth while addressing environmental, social, and economic concerns. Without such a framework, there exists a high chance of a lack of direction and coordination among stakeholders, hindering efforts to transition to semi-intensive aquaculture practices efficiently.

Addressing these gaps requires concerted efforts from policymakers, industry stakeholders, financial institutions, and development agencies to create an enabling environment for the transition to semi-intensive aquaculture practices in Bangladesh. This may involve the formulation of strategic policies, promoting private sector participation, improving access to finance and technical know-how of farmers, and investing in capacity building and knowledge transfer initiatives.

In order to help address some of these crucial gaps, FoodTechBangladesh, a four-year-long (September 2022–August 2026) aid-to-trade programme co-financed by the Kingdom of the Netherlands and coordinated by Larive International B.V., and LightCastle Partners Ltd. is designed to support the development of the aquaculture sector in Bangladesh.

Through a partnership of private sector companies from Bangladesh and the Netherlands, its partners jointly cooperate to further bolster the trade relationship of the countries in the field of aquaculture and strengthen the global commercial positioning of the aquaculture sector in Bangladesh.

More specifically, the partnership aims to contribute to improving the technical performance of fish breeders and farmers in Bangladesh by demonstrating best practices and transferring know-how (e.g. by providing training programs).

As part of this programme, 3 Centers of Excellence (demonstration farms) will be established to train (on-site & online) at least 1,600 fish and shrimp breeders and farmers on innovative and sustainable breeding and cultivation methods. The species being considered include: Pabda (Catfish), Tilapia, Rohu (Carp), Barramundi, and Rosenbergii (giant freshwater prawn).

The program is also engaged with the Department of Fisheries (DoF) in Bangladesh to disseminate the training through their extensive field-level presence across the country. Leveraging the technical expertise of the Dutch aquaculture sector, FoodTechBangladesh aims to demonstrate successful cases for the usage of modern farming technologies, which are also scalable across the masses.

The interventions of the programme are expected to increase the average production of the aquaculture breeders and farms by 10–15 times through the adoption of advanced equipment, better hatchery and farm management practices, and improved health and safety protocols. 

The program acknowledges the need for Bangladesh to refine its farming practices and the value that lies therein. Recognizing the critical role of sustainable and efficient practices in meeting the growing demand for fish, this initiative is dedicated to implementing advanced techniques and technologies.

By prioritizing innovation and sustainability, the program aims to equip Bangladeshi farmers with the tools necessary for a transformative impact on the aquaculture industry, ensuring a future where the sector not only thrives but also contributes significantly to the nation’s food security and economic prosperity.

Source: https://www.lightcastlebd.com/insights/2024/04/semi-intensive-farming-bangladesh-aquaculture/
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হোয়াটসঅ্যাপে প্রতারণার ১১ কৌশল, এড়াবেন যেভাবে


তাৎক্ষণিক বার্তা আদান-প্রদান ও ইন্টারনেটের মাধ্যমে কল করার জন্য হোয়াটসঅ্যাপ ব্যবহারকারীদের কাছে বেশ জনপ্রিয়। এর জনপ্রিয়তা বাড়ার সঙ্গে সঙ্গে প্রতারণার ঘটনাও বাড়ছে। সাইবার অপরাধীরা নানা কৌশলে ব্যবহারকারীদের বিভ্রান্ত করে অর্থ হাতিয়ে নিচ্ছে। এই সময়ে সচরাচর হওয়া হোয়াটসঅ্যাপে প্রতারণার ১১টি কৌশল দেখা যাক। জানা যাক কীভাবে এগুলো এড়ানো যাবে।

১ ভুয়া পরিচয় দিয়ে প্রতারণা
হোয়াটসঅ্যাপে নিকটাত্মীয় সেজে প্রতারকেরা অর্থ হাতিয়ে নেয়। ভুয়া পরিচয় দিয়ে তারা বিভিন্ন প্রতারণার কৌশল নেয়। সাধারণত ফোন চুরি হয়ে যাওয়া বা বিপদে পড়েছে, এমন কারণ জানায়। এরপর অর্থ পাঠানোর অনুরোধ করে। তাই অপরিচিত নম্বর থেকে নিকটাত্মীয়ের পরিচয় দিয়ে টাকা চাইলে পরিচয় যাচাই করে নিতে হবে।

২ ভেরিফিকেশন কোডের ফাঁদ
ই-মেইলসহ বিভিন্ন অনলাইন অ্যাকাউন্টের ‘টু ফ্যাক্টর অথেনটিকেশন’ চালু থাকলে ভেরিফিকেশন কোডের প্রয়োজন হয়। অনেক সময় প্রতারকেরা হোয়াটসঅ্যাপে বার্তা পাঠিয়ে দাবি করে, ভুলবশত ব্যবহারকারীর নম্বরটি কোনো একটি অ্যাকাউন্টে যুক্ত করেছে। এ জন্য হোয়াটসঅ্যাপে পাওয়া ভেরিফিকেশন কোডটি প্রয়োজন। এসব ক্ষেত্রে সাবধান থাকতে হবে।


অনেক সময় নামকরা বিভিন্ন ব্র্যান্ডের উপহার কার্ড ও গিফট ভাউচার বিনা মূল্যে পেতে একটি লিংক ছড়িয়ে দেয় হ্যাকাররা। সেই লিংকে ক্লিক করে উপহার গ্রহণের কথা বলা হয়। তবে এসব ক্ষতিকর লিংকে ক্লিক করলে ব্যবহারকারীর যন্ত্রে র‌্যানসমওয়্যারের হামলা ঘটে। ব্যক্তিগত তথ্য চুরির পাশাপাশি আর্থিক ক্ষতির সম্মুখীন হন ব্যবহারকারীরা।


৪ কিউআর কোড প্রতারণা

কিউআর কোড পাঠিয়ে প্রতারণা করা হয়
কিউআর কোড পাঠিয়ে প্রতারণা করা হয়ছবি: আনস্প্ল্যাশ
হোয়াটসঅ্যাপে এখন কিউআর কোড পাঠিয়ে প্রতারণা করা হচ্ছে। হেয়াটসঅ্যাপে এসব কিউআর কোড স্ক্যান করতে বিভিন্ন কৌশল অবলম্বন করে হ্যাকাররা। তবে কিউআর কোড স্ক্যান করলেই ক্ষতিকর ওয়েবসাইটে প্রবেশ করার পাশাপাশি হ্যাকিংয়ের শিকার হতে পারেন ব্যবহারকারীরা।

৫ হোয়াটসঅ্যাপ গোল্ড প্রতারণা
উন্নত সুবিধাসহ ভুয়া সংস্করণের হোয়াটসঅ্যাপ গোল্ড যন্ত্রে নামানোর জন্য লিংক পাঠিয়ে প্রতারণা করে হ্যাকাররা। এই ভুয়া সংস্করণে বিভিন্ন আকর্ষণীয় সুবিধা বিনা মূল্যে পাওয়া যাবে বলে দাবি করে কৌশলে ব্যবহারকারীকে বিভ্রান্ত করা হয়৷ সেই লিংকে ক্লিক করলে হ্যাকিংয়ের শিকার হন ব্যবহারকারীরা।

৬ লটারি প্রতারণা
বিশাল অঙ্কের টাকা লটারিতে জিতেছেন বলে হোয়াটসঅ্যাপে ভুয়া বার্তা পাঠায় হ্যাকাররা। সেই টাকা উত্তোলনের একটি লিংকে ক্লিক করতে বলা হয়। এসব লিংকে ক্লিক করলেই হ্যাকিংয়ের ফাঁদে পড়েন ব্যবহারকারীরা।

৭ দাতব্য সংস্থার নামে প্রতারণা
দাতব্য সংস্থার ভুয়া পরিচয় দিয়ে হ্যাকাররা হোয়াটসঅ্যাপে বার্তা পাঠিয়ে থাকে। সেখানে অসহায় মানুষদের সাহায্যে নির্দিষ্ট হিসাবে (অ্যাকাউন্ট নম্বর) টাকা পাঠানোর অনুরোধ করা হয়। এ ধরনের প্রতারণা কৌশল থেকে সাবধান থাকতে হবে। অর্থ দান করলে দাতব্য সংস্থা যাচাই করে তারপর টাকা পাঠাতে হবে।

৮ ভিডিও কল প্রতারণা
সম্প্রতি ভিডিও কলে প্রতারণার ঘটনা বাড়ছে। হ্যাকাররা ভিডিও কল দেওয়ার পর ব্যবহারকারী সেটি গ্রহণ (রিসিভ) করলে অপর প্রান্তের ব্যক্তি অশালীন অবস্থায় নিজেকে তুলে ধরে। এরপর সেই কল রেকর্ড করে ও স্ক্রিনশট নেয়। পরবর্তী সময়ে এসব ছড়িয়ে দেওয়ার ভয় দেখিয়ে টাকা দাবি করে প্রতারকেরা। তাই হোয়াটসঅ্যাপে অপরিচিত নম্বর থেকে ভিডিও কল এলে সাবধানতা অবলম্বন করতে হবে।

৯ আকর্ষণীয় চাকরি দেখিয়ে প্রতারণা
বিভিন্ন প্রতিষ্ঠানের নাম দিয়ে হোয়াটসঅ্যাপে খণ্ড ও পূর্ণকালীন চাকরির কথা বলা হয়। এসব চাকরির শর্তও থাকে খুবই সহজ। এমনকি বেশি বেতনের কথাও বলা হয়। এরপর সেই চাকরি করতে ইচ্ছুক হলে জামানত হিসেবে নির্দিষ্ট অঙ্কের অর্থ চাওয়া হয়। কখনো কখনো কোনো লিংকে ক্লিক করে ফরম পূরণ করার কথা বলা হয়। এ ধরনের প্রতারণা থেকে সাবধান থাকতে হবে।

১০ গ্রাহকসেবার নামে প্রতারণা
হোয়াটসঅ্যাপে মেসেজ পাঠিয়ে ব্যাংকসহ বিভিন্ন প্রতিষ্ঠানের গ্রাহকসেবা কেন্দ্রের ভুয়া পরিচয় দেওয়া হয়। অ্যাকাউন্টের সমস্যা সমাধানে লিংক পাঠানো হয়। কখনো কখনো ব্যক্তিগত তথ্য চাওয়া হয়। এ ধরনের প্রতারণা কৌশল থেকে সাবধানে থাকতে হবে।

১১ ক্রিপ্টোকারেন্সির কথা বলে প্রতারণা

ক্রিপ্টোকারেন্সি বা ভার্চ্যুয়াল মুদ্রার জনপ্রিয়তার সুযোগ নিয়ে এখন প্রতারণা চলছে হোয়াটসঅ্যাপে। চোখ বড় হয়ে যাওয়ার মতো লাভ দেবে, ক্রিপ্টোকারেন্সির এমন স্কিমে বিনিয়োগ করার বার্তা পাঠানো হয়। সঙ্গে সেই স্কিমের ভুয়া প্রশংসাপত্র, লেখচিত্র ও ওয়েবসাইটের ঠিকানাও পাঠানো হয়। এসব বার্তা থেকে দূরে থাকতে হবে। স্বল্প সময়ে ধনী বানিয়ে দেবে, এমন বার্তা পেয়ে কোনোভাবেই কোথাও কোনো অর্থ পাঠানো যাবে না। 

সূত্র: অ্যান্ড্রয়েড পুলিশ
https://www.prothomalo.com/technology/advice/cl549ii3p8
13
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Economy / M&A from competition point of view
« Last post by Imrul Hasan Tusher on April 21, 2024, 11:44:25 AM »
M&A from competition point of view


Merger & acquisition (M&A) plays a key role in a modern economy.These terms are also understood as concentration and combination of enterprises. Bangladesh competition law defined as acquisition and combination.Every M&A involves a set of positive and negative effects for the firms or the market in general. It is, however, important to carefully examine whether a merger will have anti-competitive effects, for example if the new entity becomes a dominant player and significantly lessens competition in the market.

A merger or acquisition is when two companies join to form a new company, or one company takes over another company with new ownership and management structure with combination of management of two companies.Competitionlaw bars mergers when the effect "may be substantially to lessen competition or to tend to create a monopoly."

A merger or acquisition can be of three types: (a) acquisitions of control, voting rights, shares and assets, (b)acquisition of control over an enterprise that is engaged in similar or identical services as that of the acquirer and (c) mergers and amalgamations.

Three basic kinds of M&A are: horizontal mergers, which involve two competitors; vertical mergers, which involve firms in a buyer-seller relationship; and potential competition mergers, in which the buyer is likely to enter the market and become a potential competitor of the seller, or vice versa.


A horizontal M&A is between two or more undertakings producing or offering substantially similar goods or services in the relevant market at the same level of business (e.g., a merger between two manufacturers or two distributors or two retailers).

A vertical M&A is amerger between two or more companies who are a part of the same industry or associate at different stages of the supply chain for the same product or service. For example, automobile companies joining with a parts supplier or distributor of car in the market are vertical merger.

A potential competitor, yet to come actively in the relevant market,is subject to anticompetitive law to prevent a likely competitive constraint in the foreseeable future.

Another category of M&A prohibited in law is conglomerate M&A where the merging parties operate in different products market but having the possibility of constraining the competition.

Competition Commission mandated to identify mergers that are likely either to increase the likelihood of coordination among firms in the relevant market when no coordination existed prior to the merger, or to increase the likelihood that any existing coordinated interaction among the remaining firms would be more successful, complete, or sustainable. Competition authorities monitor M&A activity to help ensure they are procompetitive and do not result in excess market power and anticompetitive behavior.

Companies can engage in M&A activities for a variety of reasons. For instance, companies might want to acquire new technology and capabilities, enter a new market, or reach a certain scale. For instance, a M&A can increase the efficiency of the combined firms by allowing them to leverage each others technology to create better products and services for consumers, or it can result in the new firm gaining excess market power that it abuses to the detriment of consumers.

A joint venture is a kind of merger, it involve the integration of parts of the business activities of the undertakings to the joint venture, including a contribution of productive assets to the new joint venture. This can result in a reduction or elimination of competition between the undertakings to the joint venture in the joint ventures field of activity.

M&A have the potentialto contribute significantly to the growth of business operations in terms ofactivity (turnover) and resources (core assets). The M&As of the firms with unrelated businesses or conglomerate mergers help the firm to diversify and reduce their risk profile. In contrast, M&A, especially horizontal, lead to a decrease in competing market players. This reduction in the number of competitors may adversely affect the degree of competition and lead to accumulation of market power with the merged entity. This market power may potentially become a source of abusive business practices impacting thedevelopment of markets and the state of consumer welfare.The competition law perspective is to examine whether a proposed combination is likely to harmcompetition.

The mandate of many competition agencies in many countries extends to merger control, i.e. companies need to notify the agency if they are planning to merge. The CompetitionAct2012 also empowered Bangladesh Competition Commission(BCC) to regulate acquisition and combination. The expressions acquisition in theSection 2 (1a) defined "acquisition" means to acquire or to agree to acquire, directly orindirectly, any share, voting rights or assets of any enterprise or to take control over assets or management thereof and in the section 2 (h) "combination" means acquisition or taking control or amalgamationor merger in trade. The acquisition and combination are subject to scrutiny and approval by the Bangladesh Competition Commission. BCC has not yet formulated the policy of combination (merger) and acquisition.

Certain quantitative and legal and economic conceptual constructs will be undertaken to reach a decision as to whether a merger is likely to substantially prevent or lessen competition. These may include but are not limited to: (1) Market Definition, (2) Market Concentration, (3) Horizontal Mergers and their Possible Unilateral and Coordinated Effects, (4) Non-Horizontal Mergers and their Possible Foreclosure and Coordinated Effects, (5) Barriers to Entry, (6) Countervailing Power, (7) Efficiencies, (8) Failing Undertakings.

The primary criterion of M&A policy is to set threshold to examine whether a M&A needs to be notified is based on thresholds fixed based on value of assets and turnover of the parties to the combination, or the assets and turnover of the group to which the parties belong.

The assets and turnover of the enterprise over which the acquirer already has direct or indirect control will also be considered in addition to the figures of assets and turnover of the acquirer and the enterprise being acquired, while applying the individual threshold criteria as stated above.

A concentration must be notified to the Authority if the combined annual turnover of the undertakings concerned exceeds a certain amount in different countries. The term "concentrations" about such mergers, acquisitions and agreements. Bangladesh Competition Commission have no M&A policy and no reporting threshold yet.

M&A plays a critical role in the economy, and smart competition policy is vital to ensure M&A activity is pro-competition.The search for technology has always been an M&A strategy. Such acquisitions or joint ventures whose fundamental purpose is to create or protect firm value through the acquisition of technology. Mergers and acquisitions based on synergies between the operations of merging firms may lead to substantial cost savings which may get passed on to the consumers in the form of lower prices and may contribute to the process of innovation.

M&As are not per se illegal. The prohibition of anti-competitive concentration is one of the three core areas of a competition law (Cartel, misuse of dominant position and anti-competitive(M&A). Combining the activities of different companies can allow for a more cost-efficient development and distribution of products and services. This can make the company, and by extension the industry, more competitive.

The writer is a Non-Government Adviser, Bangladesh Competition Commission

Source: https://www.observerbd.com/news.php?id=468959
15
AI Transformer / Google AI Proposes Transformer FAM
« Last post by Imrul Hasan Tusher on April 21, 2024, 11:39:30 AM »
Google AI Proposes TransformerFAM: A Novel Transformer Architecture that Leverages a Feedback Loop to Enable the Neural Network to Attend to Its Latent Representations


Transformers have revolutionized deep learning, yet their quadratic attention complexity limits their ability to process infinitely long inputs. Despite their effectiveness, they suffer from drawbacks such as forgetting information beyond the attention window and needing help with long-context processing. Attempts to address this include sliding window attention and sparse or linear approximations, but they often must catch up at large scales. Drawing inspiration from neuroscience, particularly the link between attention and working memory, there’s a proposed solution: incorporating attention to its latent representations via a feedback loop within the Transformer blocks, potentially leading to the emergence of working memory in Transformers.

Google LLC researchers have developed TransformerFAM, a unique Transformer architecture employing a feedback loop to enable self-attention to the network’s latent representations, facilitating the emergence of working memory. This innovation improves Transformer performance on long-context tasks across various model sizes (1B, 8B, and 24B) without adding weights, seamlessly integrating with pre-trained models. TransformerFAM maintains past information indefinitely, promisingly handling infinitely long input sequences for LLMs. Without introducing new weights, TransformerFAM allows the reuse of pre-trained checkpoints. Fine-tuning TransformerFAM with LoRA for 50k steps significantly enhances performance across 1B, 8B, and 24B Flan-PaLM LLMs.


Prior attempts to incorporate feedback mechanisms in Transformers mainly focused on passing output activations from top layers to lower or intermediate ones, neglecting potential representational gaps. While some research compressed information blockwise, none ensured infinite propagation—recurrent cross-attention between blocks and feedback from upper layers integrated past information to subsequent blocks. To overcome quadratic complexity in Transformer context length approaches like sparse attention and linear approximations were explored. Alternatives to attention-based Transformers include MLP-mixer and State Space Models. TransformerFAM draws inspiration from Global Workspace Theory, aiming for a unified attention mechanism for processing various data types.

Two primary approaches are commonly employed in handling long-context inputs: increasing computational resources or implementing Sliding Window Attention (SWA). SWA, introduced by Big Bird, partitions the input into blocks, caching information block by block, a strategy termed Block Sliding Window Attention (BSWA). Unlike standard SWA, BSWA attends to all information within the ring buffer without masking out past keys and values. It employs two hyperparameters, block size, and memory segment, to control the size and scope of attended information. While BSWA offers linear complexity compared to the quadratic complexity of standard Transformers, it possesses a limited receptive field. This limitation necessitates further innovation to address long-context dependencies effectively.

FAM is developed in response to this challenge, building upon BSWA’s blockwise structure. FAM integrates feedback activations into each block, dubbed virtual activations, enabling the dynamic propagation of global contextual information across blocks. This architecture fulfills key requirements such as integrated attention, block-wise updates, information compression, and global contextual storage. Incorporating FAM enriches representations and facilitates the propagation of comprehensive contextual information, surpassing the limitations of BSWA. Despite the initial concern of potential inefficiency due to the feedback mechanism, the vectorized map-based self-attention in blocks ensures efficient training and minimal impact on memory consumption and training speed, maintaining parity with TransformerBSWA.

In the movie “Memento,” the protagonist’s struggle with anterograde amnesia parallels the current limitations of LLMs. While LLMs possess vast long-term memory capabilities, their short-term memory is restricted by attention windows. TransformerFAM offers a solution to addressing anterograde amnesia in LLMs, leveraging attention-based working memory inspired by neuroscience. The study hints at a path toward resolving the memory challenge in deep learning, a crucial precursor to tackling broader issues like reasoning.

Source: https://www.marktechpost.com/2024/04/17/google-ai-proposes-transformerfam-a-novel-transformer-architecture-that-leverages-a-feedback-loop-to-enable-the-neural-network-to-attend-to-its-latent-representations/#:~:text=Latent%20Representations%20%2D%20MarkTechPost-,Google%20AI%20Proposes%20TransformerFAM%3A%20A%20Novel%20Transformer%20Architecture%20that%20Leverages,Attend%20to%20Its%20Latent%20Representations&text=Transformers%20have%20revolutionized%20deep%20learning,to%20process%20infinitely%20long%20inputs.

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Future Bangladesh 2050 / Can Bangladesh become a global leader in IT?
« Last post by Imrul Hasan Tusher on April 21, 2024, 11:25:07 AM »
Can Bangladesh become a global leader in IT?


Bangladesh needs a skilled workforce to capitalise on this potential of IT. Photo: TBS

Bangladesh stands at a crossroads. The global IT boom presents a golden opportunity, but challenges remain.

The relentless march of artificial intelligence (AI) and the Internet of Things (IoT) underscores the critical importance of information technology (IT) for nations worldwide. A robust IT sector fosters rapid access to information, a cornerstone of national economic progress. We are witnessing a global rise in prominent IT firms, leading to the development of thriving IT sectors in many countries.

Asian nations are actively capitalising on this trend by creating environments that attract international IT investment. Major players like Microsoft, Apple, and Samsung strategically invest in Asia to benefit from cost advantages.

Bangladesh, with its highly skilled and cost-effective workforce compared to regional competitors like India, Malaysia, and China, is well-positioned to seize these opportunities.

Bangladesh needs a robust framework for attracting foreign investment, a comprehensive nationwide IT infrastructure, and a skilled workforce to capitalise on this potential fully. Bangladesh's software and IT-enabled services (ITES) sector demonstrates significant growth potential.

Several factors drive this, including a large pool of talented young workers, supportive government initiatives, proactive leadership from the Bangladesh Association of Software and Information Services (BASIS), and positive media coverage.

The IT sector plays a transformative role in developing countries like Bangladesh, offering many economic and societal benefits. This sector encompasses many services, including IT-enabled services (ITES), e-commerce, artificial intelligence, outsourcing, and software and hardware production. These services are essential for enhancing productivity, streamlining business operations, and fostering economic growth, especially in a competitive global environment.

Furthermore, the IT sector dramatically improves governance efficiency and accessibility. Increased transparency through IT facilitates better management and delivery of essential government services like healthcare, education, and consumer rights protection.

The IT sector contributes significantly to economic growth by creating employment opportunities across various skill levels, from software developers to customer service representatives. Exporting IT services generates valuable foreign exchange earnings, bolstering the country's foreign reserves and reducing trade deficits.

Additionally, freelance IT service providers contribute a substantial source of revenue through outsourcing. Investment in IT education and training programmes enhances the workforce's skillset, making them globally competitive and adaptable to technological advancements.

Moreover, the IT sector fosters a culture of innovation, entrepreneurship, and startups, encouraging the development of new products, services, and business models.

Under Prime Minister Sheikh Hasina's leadership, the current government of Bangladesh is demonstrably committed to bridging the digital divide between rural and urban areas by leveraging technological advancements and implementing various government initiatives.

As industry professionals observe, local entrepreneurs are securing significant outsourcing contracts for multiple services, including back-office operations, image processing, graphic design, animation, data entry, communication services, accounting, legal process outsourcing, and data analytics.

Bangladesh's IT sector is experiencing impressive growth. Freelancing alone contributes significantly, with around 650,000 individuals generating $500 million annually. IT companies are also seeing a rise, with exports reaching $282.77 million in the July-December period of 2022–23, a jump from $208.09 million in the same period of 2021–22 (data from the Export Promotion Bureau).

According to the Bangladesh Association of Software and Information Services (BASIS), annual IT exports are $1.5 billion. With ambitious goals, Bangladesh aims to reach $5 billion in exports by 2025 and $20 billion by 2031. We expect this growth to generate 3 million IT jobs by 2025.

North America remains the primary export market, with the USA leading. However, recent years have seen the rise of prominent destinations like the UK, Denmark, and the Netherlands.

Beyond these established markets, Bangladeshi IT companies are achieving success in the mobile applications and communications sectors of Malaysia, Singapore, the UAE, Saudi Arabia, and South Africa, adding to their regular exports to Australia and Japan.

While Bangladesh's IT industry is booming, it's helpful to consider regional competitors. India's tech sector, for instance, amassed export revenues of a staggering $227 billion in fiscal year 2022.

Factors, including rapid industry progress, government initiatives like reduced trade obstacles, lifted import tariffs on tech goods, and significant foreign investments, have contributed to this growth. India's outsourcing sector alone holds a $140 billion share of the $500 billion global market, compared to Bangladesh's current $700 million.

Similarly, Malaysia's government-backed IT sector has seen impressive expansion, establishing 800 new IT companies, over 98,000 new jobs, and attracting 200 foreign companies with billions in investments.

Pakistan's IT sector also shows promise, with exports in information and communication technology reaching $2.62 billion in fiscal year 2022. Favourable policies, including incentives for repatriating earnings and creating a dedicated support council, are credited with this growth.

Pakistani IT firms are showcasing their innovations at the LEAP technology exhibition in Riyadh, aiming to attract further investment from Saudi Arabia. This focus on facilitating cross-border payments allows Pakistani exporters to capitalise on foreign markets.

The IT sector in Bangladesh boasts significant potential, but to fully thrive, some key challenges need close evaluation and improvement.

One major hurdle is the lack of highly skilled professionals. This talent gap hinders the industry's competitiveness in the global market. Furthermore, insufficient infrastructure, including unreliable internet connectivity and power supply, impedes business growth and efficient operations.

The regulatory environment also presents challenges. Complex frameworks and bureaucratic procedures can deter foreign investors seeking smooth market entry and expansion. Additionally, cyber threats and data security vulnerabilities pose a significant risk to the sector's sustainability.

Another concern is the prevalence of unofficial currency exchange practices. Numerous companies and independent professionals tend to bypass official channels to benefit from a higher exchange rate for the dollar. This undermines transparency and financial stability within the sector.

Finally, the software industry faces a dynamic and competitive landscape. Large and established local firms and smaller, agile companies create formidable competition for new ventures launched by smaller players. This competitive pressure can be a double-edged sword, fostering innovation while making it difficult for newcomers to gain a foothold.

Bangladesh is well-positioned to capitalise on the growing global demand for IT services. The current administration, under the Awami League, is actively fostering this growth with numerous initiatives aimed at transforming Bangladesh into a robust IT hub.

One key advantage Bangladesh offers is a large, relatively low-cost workforce, making it an attractive destination for IT outsourcing and software development. Since 2018, the government has further incentivised this sector by providing a 10% cash incentive on software exports, diversifying the nation's foreign exchange earners beyond the apparel industry.

Technology has also enhanced affordability and accessibility. The government exempts all taxes and duties on imported computer hardware and software, promoting the widespread use of PCs in Bangladesh.

Additionally, the government has simplified tax-free export-earning remittance procedures, enabling businesses to retain 40% of their earnings in foreign currency. The recent increase in cash incentives on remittances, raised from 2.5% to 5%, further sweetens the deal.

Beyond these economic incentives, the government is committed to creating a supportive legal environment. The Intellectual Property Rights Law protects innovation, while the Digital Security Act 2018 safeguards the sector from cyber threats.

Perhaps most critically, Bangladesh boasts sufficient energy resources to support a thriving IT industry. The creation of high-tech parks has the potential to transform the landscape significantly. These specialised zones offer essential infrastructure, resources, and assistance tailored to technology-driven enterprises.

The government has established high-tech parks nationwide, including the Bangabandhu Sheikh Mujib Hi-Tech Park in Gazipur and the Janata Tower Software Technology Park in Dhaka. These state-of-the-art facilities provide high-speed internet, advanced telecommunication infrastructure, and uninterrupted power supply, fostering the success of technology-based businesses.

Bangladesh has a network of approximately 28 High-Tech Parks (HTPs), Software Technology Parks (STPs), and IT Training and Incubation Centres. While some are already operational, others are under construction, reflecting ongoing efforts to expand this vital infrastructure.

Additionally, the recent sanctioning of more high-tech park projects demonstrates the government's unwavering commitment to nurturing the IT sector. The Bangladesh Hi-Tech Park Authority (BHTPA) oversees these projects, ensuring their successful implementation and maintenance.

With these initiatives, Bangladesh has made significant strides toward becoming a "Digital Bangladesh." However, continued investment and development are crucial to capitalise on the global IT boom fully. Bangladesh must strive to attract foreign investors by further enhancing the IT sector's competitiveness, particularly compared to other technologically advanced and well-funded Asian countries.

Developing countries like India, Pakistan, China, Vietnam, Taiwan, and the Philippines can flourish in their IT sectors and earn foreign revenue by prioritising education in science, technology, engineering, arts, and mathematics (STEAM) fields alongside vocational training programs. This will develop a skilled workforce capable of handling high-value projects.

Governments can stimulate growth by creating favourable policies, tax incentives, and regulatory frameworks to attract foreign investment and nurture local IT businesses. Encouraging innovation is key, achieved through funding research institutions, establishing tech parks, and fostering collaboration between academia and industry.

Building trust and attracting global clients requires robust cybersecurity infrastructure and regulations to protect digital assets. Additionally, revising foreign exchange regulations and revenue policies can streamline operations.

Entrepreneurship is crucial. Governments can support young, tech-savvy graduates (including those returning from abroad) who are already launching successful IT ventures despite local and global challenges. Increased support through funding, mentorship, and incubation facilities can nurture a vibrant startup ecosystem.

Furthermore, exploring subcontracting opportunities in technologically advanced Asian countries such as India and China can be beneficial.

For instance, Bangladesh has the potential to draw in smaller-scale companies that larger nations may overlook. Collaboration between countries can further accelerate growth, with India and China potentially assisting Bangladesh in expanding its IT sector.

The success of the IT sector relies on both the public and private sectors working together: promoting IT careers to young people, fostering entrepreneurship through startup capital, or facilitating easy bank loans for launching IT businesses can unlock immense potential.

Writer:



Dr Md Sazzad Hossain
Member
University Grants Commission of Bangladesh (UGC)

Dr. Md Sazzad is also a Senior Professor, Researcher and academic teaching advisor with extensive experience.

Source: https://www.tbsnews.net/thoughts/can-bangladesh-become-global-leader-it-831726
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Experts predict AI could one day do all our jobs better - but workers claim it already does


Overview:

Experts predict a 50-50 chance machines could take over all our jobs within a century. But a poll of 16,000 workers has found many employees believe AI could do it already.

For more details, please visit the following link: https://www.dailymail.co.uk/sciencetech/article-13315791/amp/Experts-predict-AI-one-day-clever-job-workers-claim-are.html
20
How immediate feedback motivates both students and educators

Digital tools can give teachers on-the-spot feedback from students and students access to their results and progress in real time. László Tornóci looks at a changing landscape from both sides


Digitalisation is gaining ground in all aspects of our lives, and we can be sure it will fundamentally reshape classical university education as well. We need to be cautious, though; new technology will not automatically solve the problems of education, but it can provide new ways of addressing them.

The digital transformation has benefits for students and educators. In the following, I would like to offer ideas from both sides of teaching, without claiming to be exhaustive.

1. Educators can benefit from immediate feedback

From the educators’ point of view, motivation is important not only in keeping them interested in building their own academic careers but also in being able to effectively pass on their knowledge to the next generation and achieve teaching excellence. Continuous monitoring of teaching quality through appropriate methods can give new impetus to teachers, motivating them to improve and to apply the most effective pedagogical and digital methods for the curriculum.

1. Spotlight: Pedagogies to reinvigorate your teaching
2. How to get students to play their part in the flipped classroom
3. How to manage assessment feedback in large classes? Get students involved

Of course, changing the interests of instructors is a financial and political issue, but it also requires a proper quality-management system and, closely linked to this, some kind of metric to help distinguish between good and bad teachers. The student review of teaching work, which is a legal requirement in Hungarian universities, for example, points in this direction. However, the experience of recent years has highlighted several problems: results of these reviews are often out of date by the time they are available, students complain that nothing changes if they speak out against something, and lecturers complain that students who were not even there can give their opinions on a lecture.

Allowing students to evaluate a lecture or a seminar immediately after the class via their mobile phones addresses this issue. “On-the-spot” feedback makes the data more credible and speeds up the whole process. Semmelweis University uses a dedicated website for this purpose. The database can be accessed with different privileges: everyone can see their own data and heads of departments can see the data of their departments. Results are available in real time, but more detailed offline analysis is also possible. The move to electronic data management gives the university the opportunity to put in place a robust and consistent quality-management system that can improve the quality of education, not just in words but in reality.

In addition to quality management, continuous pedagogical training of teachers is also important. To this end, Semmelweis University has set up the Centre for Educational Development, Methodology and Organisation to support teaching. It offers teachers training with the help of hybrid methods and also creates active online teaching communities, where teachers can share their methodological or technical experience of online teaching. These cross-faculty teaching communities, which themselves use digital techniques (such as Zoom and video-sharing platform Kaltura) can make an important contribution to the spread of modern teaching concepts and digital teaching methods on campus.

2. Students’ perspectives on digital education

During their university years, students not only lose a significant amount of the initial enthusiasm that got them into higher education, but research also shows that between 25 per cent and 55 per cent of medical students show signs of psychological burnout. This complex problem affects medical schools in general, and internationally, for several reasons. Students are overwhelmed, feeling they have to learn a lot of unnecessary things that they will never apply. They have little incentive to study during the semester and for many of them it is left to the exam period. So, instead of being a pleasure, studying is a source of anxiety and stress. In addition, they often feel that their exam results are not commensurate with the work they have put into studying.

A solution to alleviate these problems could be to use the modern student feedback system described above and to take its results into account in the design of course requirements. Students should be motivated to study regularly, not by dreaded midterm demonstrations but by interesting, attractive, colourful exercises week after week (for example, by creating an interactive digital curriculum that is attractive to students). This will give them more pleasure and a sense of achievement. It can also be an effective way of learning the material, and one that might make them give up their performance-oriented attitude.

A digital curriculum is perfectly feasible through e-learning systems such as Moodle. Of particular note is the use of the H5P technology, which, based on the HTML5/Javascript web standards, allows the creation of a wide variety of highly attractive interactive learning materials in a simple way on a web interface. The Moodle e-learning system is fully integrated with H5P technology. These systems also keep a record of what student has completed which assignment and with what result. It is important to make students feel that learning is worthwhile and that the work they put into it will pay off.

The digital transformation of education is a process that is happening now. E-learning systems open up opportunities for us that, if used wisely, can make teaching and learning more enjoyable and effective. To take advantage of these new opportunities efficiently, a lot of work has to be done. We need to be flexible, to be able to break free from our ingrained habits, to learn and use new techniques and pedagogical methods. It is almost certain that digitalisation will also significantly change the curriculum and can reshuffle the rankings in higher education. Universities that heed the call of new times earlier will have much to gain.

Source: https://www.timeshighereducation.com/campus/how-immediate-feedback-motivates-both-students-and-educators
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