Latest news with #RM13.35
The Sun
4 days ago
- Business
- The Sun
Bangladesh chief adviser concludes official visit to Malaysia
SEPANG: Chief Adviser to the Government of Bangladesh Dr Muhammad Yunus departed for Dhaka today after a three-day official visit to Malaysia. The visit was at the invitation of Prime Minister Datuk Seri Anwar Ibrahim. Muhammad Yunus received a ceremonial send-off at the Bunga Raya Complex, complete with a guard of honour by the Royal Malay Regiment. His flight, along with the delegation, took off at 7.24 pm. Before departure, Home Minister Datuk Seri Saifuddin Nasution Ismail presented him with a commemorative photo album. During the visit, Muhammad Yunus thanked Malaysia for its support towards Bangladeshi workers. Malaysia and Bangladesh signed eight MoUs covering defence, energy, education, and halal development. Bilateral trade between the two nations reached RM13.35 billion in 2024, a 5.1 per cent increase from 2023. Bangladesh remains Malaysia's second-largest trading partner in South Asia. Key Malaysian exports include petroleum, palm oil, and chemicals, while imports feature textiles and footwear. Diplomatic relations between Malaysia and Bangladesh were established in 1972. - Bernama
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
Malaysian investors urged to tap into business opportunities in Bangladesh
KUALA LUMPUR — Bangladesh's Chief Adviser Dr Muhammad Yunus (picture) has called on Malaysian investors to explore the vast business opportunities in Bangladesh, underpinned by the country's youthful, creative and huge population. Speaking at a business seminar on trade and investment opportunities between Bangladesh and Malaysia here today, Yunus noted that half of Bangladesh's population is under the age of 26, offering a significant demographic advantage. Also present at the forum was the Home Minister, Datuk Seri Saifuddin Nasution Ismail. 'These young people's aspirations are limitless, and their creativity is boundless. If given the opportunity, they can transform Bangladesh and even the world,' Yunus said. He said Bangladesh is undergoing a 'new era' following the recent youth-led movement, with barriers to business being removed and the government working to make the country business-friendly in every way. 'With this concept of a new Bangladesh, many things have emerged. Many unexplored areas are being tapped — one of them is the business sector— and Bangladesh is striving to be business-friendly in every possible way. We are excited about the prospect of widening the horizon of business,' he added. He also highlighted untapped sectors such as the maritime economy, digital services market and cross-border trade with neighbouring countries, including Nepal, Bhutan and India's northeastern states. Yunus noted that Malaysia was the first country to adopt the Grameen Bank model in the early 1980s, through the establishment of Amanah Ikhtiar Malaysia. He said such examples show how innovations originating in Bangladesh can have a global impact, and encouraged Malaysian businesses to tap into this culture of creativity. 'Business in Bangladesh is not just about making money, it is also about the excitement of creating impact. We welcome you to share in our journey,' he said. Yunus is on a three-day official visit to Malaysia from Aug 11 to 13. Bangladesh is Malaysia's second-largest trading partner and export destination in South Asia, with key exports including petroleum products, palm oil and chemicals, while imports comprise textiles, footwear, petroleum products and manufactured goods. In 2024, Malaysia–Bangladesh trade rose 5.1 per cent to RM13.35 billion (US$2.92 billion). The visit is expected to further strengthen bilateral relations and expand cooperation in mutually beneficial areas, building on the strong ties established since diplomatic relations began in 1972. — BERNAMA
The Sun
5 days ago
- Business
- The Sun
Bangladesh seeks Malaysia's support in rebuilding efforts post-uprising
PUTRAJAYA: Bangladesh has requested Malaysia's assistance in its post-uprising recovery efforts as the country stabilises after last year's student protests. Chief Adviser Dr Muhammad Yunus stated that Bangladesh is now on the right track towards progress. He thanked Malaysia and Prime Minister Datuk Seri Anwar Ibrahim for their support during the nation's difficult period. Speaking at a joint press conference with Anwar, Yunus noted that Anwar was the first foreign leader to visit Bangladesh after his return to office last year. Yunus described Anwar as a reliable ally, saying, 'It was a wonderful feeling to find a friend to come in time of need when we're desperately looking for support somewhere.' He added, 'We are happy to have that and we strengthen our resolve to making sure Bangladesh is moving in the right ways.' Since assuming leadership, Yunus said his government has worked to restore stability in the country. 'We are happy we restore order in the country, we restore the economy, the institutions and functions,' he said. He confirmed that Bangladesh is preparing for elections in February to establish a new government. 'Now we are ready for elections that will be called in coming February to create new government,' Yunus stated. He emphasised Bangladesh's need for international backing, saying, 'So we need a lot of support. We are looking to Malaysia's support, always.' During his meeting with Anwar, Yunus expressed optimism about strengthening bilateral and multilateral cooperation. Yunus, on a three-day official visit, also encouraged Malaysian businesses to invest in Bangladesh, calling it a land of 'tremendous opportunity.' He highlighted Bangladesh's request for Malaysia's assistance, as ASEAN Chair, in resolving Rohingya refugee issues. 'So we need all the help we can get. And Malaysia is a good friend,' Yunus added. Malaysia-Bangladesh trade grew by 5.1 per cent in 2024, reaching RM13.35 billion (US$2.92 billion). Bangladesh is Malaysia's second-largest trading partner in South Asia, exporting textiles and footwear while importing petroleum and palm oil. Diplomatic relations between the two nations were established in 1972. - Bernama
The Sun
5 days ago
- Business
- The Sun
PM Anwar hosts Bangladesh chief adviser for bilateral talks in Putrajaya
PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim hosted an official luncheon today for Bangladesh Chief Adviser Prof Dr Muhammad Yunus. The visiting dignitary arrived at Perdana Putra earlier for a bilateral meeting with Anwar. Students from Sekolah Kebangsaan Putrajaya Presint 8 (1) greeted both leaders with chants of 'Welcome to Malaysia.' A cultural performance by Istana Budaya dancers showcased the Tingkah MADANI dance. Home Minister Datuk Seri Saifuddin Nasution Ismail and Foreign Minister Datuk Seri Mohamad Hasan were among the attendees. Finance Minister II Datuk Seri Amir Hamzah Azizan and Human Resources Minister Steven Sim also joined the event. Yunus arrived in Malaysia yesterday for a three-day official visit at Anwar's invitation. Wisma Putra stated that this visit reciprocates Anwar's trip to Bangladesh in October 2024. Total trade between Malaysia and Bangladesh reached RM13.35 billion in 2024, marking a 5.1 per cent increase from 2023. Bangladesh remains Malaysia's second-largest trading partner in South Asia. Key Malaysian exports to Bangladesh include petroleum products, palm oil, and chemicals. Textiles, footwear, and manufactured goods are among Bangladesh's major exports to Malaysia. The visit aims to deepen bilateral cooperation in areas of mutual interest. Diplomatic relations between both nations have been strong since 1972. - Bernama
The Sun
5 days ago
- Business
- The Sun
Malaysia and Bangladesh sign eight MoUs to enhance bilateral ties
PUTRAJAYA: Malaysia and Bangladesh have signed eight memoranda of understanding (MoUs) to boost cooperation in key sectors. The agreements cover defence, energy, higher education, diplomacy, halal development, and private sector collaboration. Prime Minister Datuk Seri Anwar Ibrahim and Bangladesh Chief Adviser Prof Dr Muhammad Yunus witnessed the signing ceremony. The MoU on Defence Cooperation was signed by Defence Minister Datuk Seri Mohamed Khaled Nordin and Bangladesh Foreign Adviser Md Touhid Hossain. Another key agreement involves LNG, petroleum products, and related infrastructure, signed by Finance Minister II Datuk Seri Amir Hamzah Azizan. Higher education and diplomatic training agreements were formalised by Foreign Minister Datuk Seri Mohamad Hasan. Cooperation in the halal ecosystem was sealed through an Exchange of Note by Deputy Minister Dr Zulkifli Hasan. Strategic research collaboration was established between ISIS Malaysia and the Bangladesh Institute of International and Strategic Studies. Business sector agreements were signed between MIMOS Services and the Bangladesh-Malaysia Chamber of Commerce and Industry. Trade between Malaysia and Bangladesh grew by 5.1% to RM13.35 billion in 2024. Bangladesh is Malaysia's second-largest trading partner in South Asia. Key exports include petroleum products, palm oil, and chemicals, while imports consist of textiles and footwear. Dr Yunus, a Nobel Peace Prize laureate, is on a three-day official visit to Malaysia. The agreements mark a significant step in strengthening bilateral relations. Both nations aim to enhance trade, investment, and human capital development. The visit underscores Malaysia's commitment to deepening ties with South Asia. - Bernama
