, announced Malaysia's intent to recruit skilled workers from Bangladesh to bolster its expanding semiconductor industry. The announcement came during a press briefing at the BMCCI Secretariat office in Dhaka's Gulshan area, shedding light on the burgeoning investments in Malaysia's semiconductor sector and the consequent demand for skilled engineers. This revelation follows a business delegation's visit to Malaysia, led by Khan, from February 20-22, aiming to foster bilateral cooperation in various sectors. Investment Surge in Malaysia's Semiconductor Sector During the delegation's visit, discussions with the Malaysia Digital Economy Corporation (MDEC) unveiled the significant influx of investments into the Malaysian semiconductor industry, surpassing $300 billion. These investments underscore the industry's critical role in the current technology-driven era, with semiconductors serving as essential components in electronic devices. The talks highlighted the potential for a Memorandum of Understanding (MoU) between Bangladesh and Malaysia, aimed at facilitating the contribution of Bangladeshi engineers to Malaysia's thriving sector. Education and Trade Imbalance Focus The dialogue between the two nations also covered educational prospects for Bangladeshi students in Malaysia, with an emphasis on engineering degrees, internships, and work permits to enrich their industry experience. Furthermore, the significant trade imbalance, with Malaysia's imports from Bangladesh considerably lower than its exports, was addressed. Proposals were made to identify Bangladeshi products and services that could meet Malaysia's import requirements, underscoring the need for a free trade agreement to enhance bilateral trade opportunities. Enhancing Worker Remittances Additionally, the challenges faced by Bangladeshi migrant workers in Malaysia, particularly those in remote areas without access to formal remittance channels, were discussed. The Malaysian Chamber is collaborating with banks and exchange houses to set up temporary booths in densely populated worker areas, aiming to streamline legal money transfers to Bangladesh. This initiative seeks to boost the flow of foreign currency into Bangladesh by encouraging official remittance channels among the estimated 15 lakh Bangladeshi workers in Malaysia. The discussions between Bangladesh and Malaysia mark a significant step towards strengthening bilateral relations, particularly in the semiconductor industry. By facilitating the movement of skilled workers and addressing trade imbalances, both nations aim to foster a mutually beneficial partnership. As these talks progress, the anticipated MoU could pave the way for a new era of cooperation, enriching both economies and enhancing the livelihoods of many Bangladeshi workers abroad. For More Interesting News Follow Us on Instagram){kind=link}
On Monday, Shabbir A Khan, President of the Bangladesh Malaysia Chamber of Commerce and Trade (BMCCI), introduced Malaysia’s intent to recruit expert staff from Bangladesh to bolster its increasing semiconductor business. The announcement got here throughout a press briefing on the BMCCI Secretariat workplace in Dhaka’s Gulshan space, shedding gentle on the burgeoning investments in Malaysia’s semiconductor sector and the ensuing demand for expert engineers. This revelation follows a enterprise delegation’s go to to Malaysia, led by Khan, from February 20-22, aiming to foster bilateral cooperation in varied sectors.
Funding Surge in Malaysia’s Semiconductor Sector
Through the delegation’s go to, discussions with the Malaysia Digital Economic system Company (MDEC) unveiled the numerous inflow of investments into the Malaysian semiconductor business, surpassing $300 billion. These investments underscore the business’s crucial position within the present technology-driven period, with semiconductors serving as important elements in digital units. The talks highlighted the potential for a Memorandum of Understanding (MoU) between Bangladesh and Malaysia, aimed toward facilitating the contribution of Bangladeshi engineers to Malaysia’s thriving sector.
Training and Commerce Imbalance Focus
The dialogue between the 2 nations additionally coated instructional prospects for Bangladeshi college students in Malaysia, with an emphasis on engineering levels, internships, and work permits to complement their business expertise. Moreover, the numerous commerce imbalance, with Malaysia’s imports from Bangladesh significantly decrease than its exports, was addressed. Proposals have been made to establish Bangladeshi services that might meet Malaysia’s import necessities, underscoring the necessity for a free commerce settlement to reinforce bilateral commerce alternatives.
Enhancing Employee Remittances
Moreover, the challenges confronted by Bangladeshi migrant staff in Malaysia, significantly these in distant areas with out entry to formal remittance channels, have been mentioned. The Malaysian Chamber is collaborating with banks and alternate homes to arrange short-term cubicles in densely populated employee areas, aiming to streamline authorized cash transfers to Bangladesh. This initiative seeks to spice up the circulate of overseas forex into Bangladesh by encouraging official remittance channels among the many estimated 15 lakh Bangladeshi staff in Malaysia.
The discussions between Bangladesh and Malaysia mark a major step in direction of strengthening bilateral relations, significantly within the semiconductor business. By facilitating the motion of expert staff and addressing commerce imbalances, each nations intention to foster a mutually helpful partnership. As these talks progress, the anticipated MoU may pave the best way for a brand new period of cooperation, enriching each economies and enhancing the livelihoods of many Bangladeshi staff overseas.
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