Philippines: South Korean grant  $16-M for aquaculture, agribusiness

Philippines: South Korean grant $16-M for aquaculture, agribusiness

The Philippines and South Korea have partnered on a $16-million grant to support two projects aimed at promoting aquaculture development and community-based agribusiness. The first project, with a $10-million allocation, is focused on aquaculture development in Guimaras Province. It will run for seven years and aims to increase fisherfolk income through enhanced aquaculture production, infrastructure development such as hatchery and pilot ponds for high-value species, the transfer of advanced technologies, and the creation of cooperative business structures. The second project, funded with $6 million, targets marginal farmers in Central Luzon by promoting agribusiness opportunities. It includes the establishment of an…
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Bangladesh: Seabass farming can boost fish export, diversify aquaculture: workshop

Bangladesh: Seabass farming can boost fish export, diversify aquaculture: workshop

At a workshop titled "Preparation of Bankable Business Plans for Commercial Feed-Based Seabass (Koral/Bhetki) Farming Using Modern Technology in Bangladesh" held in Khulna on May 20, 2025, experts emphasized the viability and profitability of commercial seabass farming in Bangladesh, citing strong domestic demand and export potential. Organized by the Bangladesh Shrimp and Fish Foundation (BSFF) with support from the Business Promotion Council and the Department of Fisheries, the workshop highlighted successful results from a 2023–24 pilot project in Cox’s Bazar. Speakers emphasized that the initiative could diversify coastal aquaculture and enhance exports, calling for greater collaboration between government and private…
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Malaysia: Study of wild fish catch is stagnating while aquaculture surges

Malaysia: Study of wild fish catch is stagnating while aquaculture surges

A new study highlights that while wild fisheries still supply most of Malaysia’s fish, their growth has stagnated due to overfishing, habitat loss, and governance issues. In 2022, wild-caught fish made up 69% of the total fish production, but output has plateaued. In contrast, aquaculture now contributes nearly 30% and continues to grow, with seaweed farming leading the way as the largest and most promising part of this sector. The study concludes that aquaculture is boosting growth in Malaysia’s aquatic food sector, but highlights the need for reforms to maintain sustainability. Source: Global Seafood Org
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Malaysia: Eco project off Pulau Kendi aims to support Penang fishermen, restore coral

Malaysia: Eco project off Pulau Kendi aims to support Penang fishermen, restore coral

The Penang state government, through the Penang Infrastructure Corporation (PIC), has deployed 18 artificial reefs and two fish aggregating devices (unjam) off Pulau Kendi to attract marine life and support the local fishing community. This initiative is part of the Penang South Islands (PSI) Ecology Offset Masterplan (PEOM), linked to the Silicon Island project. It is a collaborative effort involving PIC, Silicon Island Development Sdn Bhd (SIDSB), and Universiti Sains Malaysia's CEMACS. The programme aims to restore marine ecosystems by creating new marine habitats and supporting coral reef rehabilitation. Source: https://www.msn.com/
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MALDIVES: Advisory committees to manage 5 fisheries sectors to be formed

MALDIVES: Advisory committees to manage 5 fisheries sectors to be formed

The Ministry of Fisheries is forming advisory committees to manage five key fisheries: tuna, grouper, marlin, sea cucumber, and reef fish, under the Regulations on Planning and Management of Fisheries. Applications are now open for individuals interested in joining. Each committee will have representatives with specific roles, and members will serve a five-year term. The committees will oversee fishery management plans, provide annual reports, and offer advice on fisheries policies at national, regional, and international levels. Those in elective office or political party positions are ineligible. The deadline for applications is 12:00 noon on April 10. Source: The Edition
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PNG:Tuna plant reopening to create thousand of jobs

PNG:Tuna plant reopening to create thousand of jobs

Fisheries and Marine Resources Minister Jelta Wong announced that Majestic Tuna Corporation will reopen its tuna processing plant in Malahang, Lae, Morobe, by the end of the year. The plant, which has been closed since June 2023, will create over 1,000 jobs and offer new opportunities for local businesses. Wong thanked the company’s shareholders, FCF Co Ltd and Frabelle (PNG) Ltd, for their commitment to resuming operations. This announcement follows a two-day tuna investor consultation in Singapore, which resulted in a realignment of RD Tuna Canners' operations with support from Dongwon Industries, Tri-Marine International, and FCF Co Ltd. This collaboration…
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Malaysia: Government to roll out facial recognition system for fishermen to buy subsidised diesel

Malaysia: Government to roll out facial recognition system for fishermen to buy subsidised diesel

Fishermen in Malaysia will soon be required to use facial recognition technology to buy government-subsidised diesel as part of a new security system to prevent subsidy misappropriation, according to the Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said . The system, under development by the Fisheries Development Authority of Malaysia (LKIM), is expected to be operational by September 2025. The new system aims to enhance security at sales centres and will be integrated with handheld devices used by Fishermen's Associations at Subsidised Diesel Sales Centres (PJD) in the retail sale of diesel. Currently, 70 million litres of subsidised…
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PNG: Moves Towards Full Domestication of Tuna Fisheries Sector

PNG: Moves Towards Full Domestication of Tuna Fisheries Sector

The National Fisheries Authority (NFA) is set to launch a Tuna Domestication Strategy and an updated National Tuna Fisheries Management Plan this year to strengthen sustainable management of Papua New Guinea's tuna sector. A major outcome will be a reduction in bilateral fleet operations, with offshore processing being phased out in favor of increasing onshore processing. NFA Managing Director Justin Ilakini emphasized that this transition is already in progress, with a gradual rise in the proportion of tuna caught and processed onshore. The NFA aims to move beyond current expectations of 10% landings from locally-based foreign vessels and 25% from…
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Bangladesh: Research Shows Synbiotic Technology Boosts Climate-Tolerant Shrimp Production

Bangladesh: Research Shows Synbiotic Technology Boosts Climate-Tolerant Shrimp Production

Synbiotic technology, which combines prebiotics and probiotics, has proven to be highly beneficial for shrimp farmers, significantly increasing climate-tolerant shrimp production, often doubling or more in regions like Bangladesh. Research led by Dr. Sayed Hafizur Rahman of Jahangirnagar University, supported by the Sustainable Coastal and Marine Fisheries (SCMF) Project, found that this technology improves shrimp farming environments by enhancing water quality, eliminating harmful bacteria, boosting beneficial bacteria, strengthening shrimp immunity, and increasing production. The technology is applied both in shrimp feed and pond water, resulting in a lower feed conversion ratio (FCR) and reduced production costs. It is widely used…
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Philippines: Japan vows continued support for BARMM’s fishery sector

Philippines: Japan vows continued support for BARMM’s fishery sector

The Japanese government is committed to continuously supporting the fishery sector in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), in partnership with the United Nations Food and Agriculture Organization (FAO) and BARMM's Ministry of Agriculture, Fisheries, and Agrarian Reform (MAFAR). Japan has provided a $4.79-million grant to help develop the aquaculture and fishery industries in the Bangsamoro region, which supplies 30% of the country's fish production and is among the top suppliers of fish and marine products of the country. However, the region faces challenges such as high post-harvest losses, declining production, and underutilized waters, which are impacting the…
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Vietnam: Aiming at $11 billion of seafood exports in 2025

Vietnam: Aiming at $11 billion of seafood exports in 2025

Despite facing challenges like increased competition, trade wars, and market barriers, Vietnam’s seafood exports are expected to continue growing, potentially reaching $11 billion in 2025, similar to 2022. Vasep Communications Director Le Hang stated that while Vietnam's seafood exports are expected to grow and return to 2022 levels in 2025, the industry will face significant challenges. Despite this, Hang highlighted that key global markets, including the US, EU, Japan, and China, have shown recoveries in 2024 and will continue to drive high demand for seafood exports in 2025. Looking ahead to 2025, while challenges remain—such as climate change, competition from…
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Maldives: Gov't to establish dedicated company to promote, market Maldivian fisheries products

Maldives: Gov't to establish dedicated company to promote, market Maldivian fisheries products

The Maldives government will establish a state-owned company, namely the Maldives Fisheries and Ocean Resources Marketing and Promotion Corporation, to promote and market the country’s fisheries products locally and internationally. Announced by President Dr. Mohamed Muizzu after a Cabinet meeting, the initiative aims to boost profits for fisheries enterprises, including aquaculture and mariculture, explore new markets and promote Maldivian fisheries products internationally as premium items under a unique Maldivian brand. The new company is part of the administration's Haftha 14 roadmap and will replace the existing Maldives Fisheries Promotion Board. Source: https://raajje.mv/146877
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