Kuala Lumpur:Malaysia's information and communication technology sector is experiencing a significant demand for skilled professionals, creating substantial job opportunities for trained Bangladeshi workers, Malaysian Deputy Finance Minister Liew Chin Tong announced on Thursday.
According to United News of Bangladesh, Chin Tong highlighted the potential for Bangladesh's young population to benefit from these opportunities, provided they receive the necessary technical and professional training. He emphasized this during a meeting with Dhaka Chamber of Commerce and Industry (DCCI) President Taskeen Ahmed in Kuala Lumpur.
Chin Tong also noted the importance of Bangladesh modernizing its international payment systems to attract more foreign investment and enhance bilateral trade with Malaysia. He suggested that Malaysia's advancements in Islamic financing, innovative financial products, and effective financial infrastructure could serve as a model for Bangladesh.
Taskeen Ahmed stated that the bilateral trade between Bangladesh and Malaysia amounted to approximately $2.57 billion in the 2024-25 fiscal year. He proposed that both nations, being friendly Muslim-majority countries, could explore new areas of economic cooperation and work towards expanding trade relations.
Highlighting Bangladesh's renewable energy potential, Taskeen urged the Malaysian government to encourage its entrepreneurs to invest in this sector. He mentioned the Bangladesh government's recent long-term incentives and investment-friendly facilities for renewable energy development, including solar power generation.
Additionally, Taskeen pointed out the success of Bangladesh's mobile financial services (MFS) sector, which has become popular in several countries, including the Middle East. He suggested it could be a useful model for Malaysia.
He also encouraged Malaysian exporters to expand their operations in Bangladesh, citing the country's $70 billion worth of annual imports as a promising consumer market. Taskeen advocated for stronger commercial partnerships, product diversification, and increased mutual investment between the two countries.