Monthly Archives: August 2009

Malaysian business opportunity boosting up with bangladesh

Malaysian companies identified actual sales of RM1.4 million and potential business worth RM722.7 million at recent events in Dhaka, Bangladesh, the Malaysia External Trade Development Corporation (Matrade) said.

It said Matrade organised the participation of 16 companies at the Malaysia Product and Services Exhibition from Aug 7 to 9 with the objective of supporting Malaysian exporters in the promotion of their products and services in Bangladesh.

The sectors that participated at the exhibition included Malaysian food and beverages, electrical and electronic products, plastic products, medical and healthcare services, professional services and education, it said in a statement on Friday.

Concurrently in Dhaka, Matrade also led a delegation of eight Malaysian companies on a Specialised Marketing Mission to promote automotive products and services to Bangladesh from Aug 6 to 9.

Members of the mission had the opportunity to directly discuss business with pre-screened quality buyers during the Individual Business Meeting sessions, officiated by Malaysian High Commissioner to Bangladesh Jamaluddin Sabeh.

The two day business meetings, held from Aug 7 to 8, resulted in immediate sales worth RM107,547 and potential sales of RM1.6 million from the 45 business meetings arranged, Matrade said.

Malaysian products on demand during the programme included automotive lighting, windscreen glasses, motorcycle rims and spoke, gasket and spare parts as well as engine lubricants.

“Despite the economic slowdown facing the world today, we can see from the outcome of Matrade trade promotion programmes that there are still pockets of opportunities for Malaysian exporters to exploit,” Matrade chief executive officer Datuk Noharuddin Nordin said in the statement.

To succeed, Malaysian companies must be committed to maintain their visibility in the marketplace while actively searching for untapped opportunities overseas, he added.

He also urged Malaysian companies to take advantage of the export assistance provided by Matrade which could help cushion the impact from softened demand during these difficult times.

A Bangladeshi leading financial institution has entered into billion dollar carbon trading

A Bangladeshi?leading financial institution has entered into billion dollar carbon trading aiming to mitigate global warming through adoption of new technology in different carbon-emitting industries. The Industrial and Infrastructure Development Finance Company Limited (IIFDC), a non-banking financial institution, signed two … read more

The Confucius Institute for building strong relationships between people of China and Bangladesh

The Confucius Institute in Bangladesh has contributed a lot to building strong relationships between people of China and Bangladesh through language teaching, said Professor Jiang Yinlian, Chinese Director of the Institute. In an exclusive interview with Xinhua recently, Jiang said, … read more

Nuclear in Bangladesh for power

Authorities in Bangladesh continue to plan and prepare to introduce nuclear power, but deny they have reached terms with Russia’s Rosatom atomic energy corporation to build the reactor. Mohammed Muzammel Haque, chief engineer at the Bangladesh Atomic Energy Commission (BAEC), … read more

Investment up 63 pct in 2008.

Bangladesh’s foreign direct investment (FDI) crossed 1 billion U.S. dollars in 2008, marking a 63 percent rise compared to that in 2007, leading English-language newspaper The Daily Star reported on Tuesday. The report quoting the central bank’s statistics said the … read more

Solar power technology is lightening the new hope of Bangladesh energy

Bangladesh? – Straw fences and tin roofs: the homes in Pritomoddi village are typical of millions of others across rural Bangladesh, except for one thing: the shiny solar panels that provide electricity, all the time. At the moment, only 40 … read more