Latest news with #Malaysia-UzbekistanBusinessForum2025
Borneo Post
9 hours ago
- Business
- Borneo Post
DPM Fadillah to visit Uzbekistan, Russia to boost bilateral, energy cooperation
The visit from June 20-28, which marks Fadillah's first official engagement with both countries as deputy prime minister, includes meetings with high level government leaders. – Bernama photo KUALA LUMPUR (June 19): Deputy Prime Minister Datuk Seri Fadillah Yusof will visit Uzbekistan and Russia beginning this Friday to enhance bilateral economic relations, as well as explore tie-ups in the energy and high technology sectors. The visit from June 20-28, which marks his first official engagement with both countries as deputy prime minister, includes meetings with high level government leaders. There will be bilateral discussions with leaders from Uzbekistan and Russia, as well as site visits to strategic facilities, including energy infrastructure and innovation hubs. Fadillah's visit to Uzbekistan aims to build on the solid foundations laid during Uzbekistan President Shavkat Mirziyoyev's visit to Malaysia earlier this year. In Uzbekistan's capital, Tashkent, Fadillah, who is also Minister of Energy Transition and Water Transformation, is scheduled to pay a courtesy call on President Mirziyoyev and hold a bilateral meeting with Energy Minister Jurabek Mirzamahmudov, as part of Malaysia's effort to enhance cooperation in the energy sector. According to the programme schedule released by the Ministry of Energy, Transition and Water Transformation (Petra), Fadillah will also deliver the keynote address at the Malaysia-Uzbekistan Business Forum 2025, a flagship platform to connect Malaysian and Uzbek businesses. Malaysia-Uzbekistan trade reached RM369.8 million (US$80.9 million) in 2024, positioning Uzbekistan as Malaysia's second largest trading partner in Central Asia. The trade balance is in Malaysia's favour at RM360.3 million (US$78.9 million), according to news reports. Major exports from Malaysia to Uzbekistan include palm oil, coffee, palm-based oleochemicals, margarine and shortening, processed food and coconut oil, while imports from Uzbekistan comprise mainly fertilisers, fruits and textiles. Last year, Uzbekistan remained Malaysia's second-largest trading partner among Central Asian countries. During his visit to Russia beginning June 24, he will hold a bilateral meeting with Russian Deputy Prime Minister Alexander Novak, and a key highlight of the visit will be the exchange of a non-disclosure agreement (NDA) between MyPower Corp and Russia's state nuclear corporation, Rosatom. Fadillah is also scheduled to visit Rosatom's nuclear energy facilities in St Petersburg, as Malaysia continues to assess the potential of nuclear energy as part of its long-term energy transition plan towards net-zero emissions by 2050. The visit resonates with Malaysia's evolving energy diplomacy. Notably, Prime Minister Anwar Ibrahim's state visit to Russia in May 2025 led to commitments from Russian President Vladimir Putin to pursue joint ventures in natural gas and peaceful nuclear energy, including deepening Petronas's involvement in Russia. Diplomatic relations between Malaysia and Russia were established in 1967. In 2024, Russia was Malaysia's ninth-largest trading partner among European countries, with total trade reaching RM11.46 billion (US$2.48 billion). Malaysia's key exports to Russia included electrical and electronics products, machinery, equipment and parts, and processed foods. – Bernama energy fadillah yusof Russia Uzbekistan
Daily Express
12 hours ago
- Business
- Daily Express
Trade, nuclear energy, tech deals: DPM Fadillah heads to Uzbekistan, Russia to deepen bilateral ties
Published on: Thursday, June 19, 2025 Published on: Thu, Jun 19, 2025 By: Bernama Text Size: Deputy Prime Minister Datuk Seri Fadillah Yusof will make his first official visit to Uzbekistan and Russia from June 20–28 to boost economic ties and explore collaboration in energy and high-tech sectors. — Bernama pic Kuala Lumpur: Deputy Prime Minister Datuk Seri Fadillah Yusof will embark on an official visit to Uzbekistan and Russia from June 20 to 28 to strengthen bilateral economic relations and explore cooperation in energy and high technology. This will be his first official visit to both countries as deputy prime minister and includes meetings with senior government leaders, bilateral talks, and site visits to strategic facilities such as energy infrastructure and innovation hubs. Advertisement In Uzbekistan, the visit aims to build on ties renewed during President Shavkat Mirziyoyev's visit to Malaysia earlier this year. In the capital Tashkent, Fadillah — who is also Minister of Energy Transition and Water Transformation — is expected to pay a courtesy call on President Mirziyoyev and hold a bilateral meeting with Energy Minister Jurabek Mirzamahmudov to enhance energy cooperation. According to the ministry's itinerary, Fadillah will also deliver the keynote address at the Malaysia-Uzbekistan Business Forum 2025, aimed at linking businesses from both countries. Malaysia-Uzbekistan trade reached RM369.8 million (US$80.9 million) in 2024, with Malaysia enjoying a surplus of RM360.3 million (US$78.9 million), according to news reports. Malaysia's main exports to Uzbekistan include palm oil, palm-based oleochemicals, processed food, coffee, margarine, shortening and coconut oil, while key imports are fertilisers, fruits and textiles. Fadillah's visit to Russia begins on June 24, where he will meet Russian Deputy Prime Minister Alexander Novak. A key highlight will be the exchange of a non-disclosure agreement between MyPower Corp and Russia's state nuclear agency Rosatom, as Malaysia continues assessing nuclear energy as part of its net-zero emissions goal by 2050. Fadillah is also expected to visit Rosatom's nuclear facilities in St Petersburg. The visit comes on the heels of Prime Minister Datuk Seri Anwar Ibrahim's state visit to Russia in May, during which President Vladimir Putin pledged joint ventures in natural gas and peaceful nuclear energy, including expanding Petronas's operations in the country. Malaysia and Russia established diplomatic ties in 1967. In 2024, Russia was Malaysia's ninth-largest trading partner in Europe, with trade totalling RM11.46 billion (US$2.48 billion). Major Malaysian exports to Russia included electrical and electronic products, machinery and parts, and processed food. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
