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

The Bangladesh Frozen Foods Exporters Association (BFFEA) has urged the government to raise the US dollar exchange rate for processed frozen shrimp and fish exports from Tk 118.90 to Tk 125.50. In a letter to the finance ministry, BFFEA highlighted challenges such as high interest rates, rising utility costs, and inadequate ancillary services impacting exporters. They argued that increasing the exchange rate would help sustain export-oriented businesses, boost export earnings, and stabilize the foreign exchange market.

Source: FE REPORT

Malaysia plans to establish a cold storage air freight hub in Sabah to boost seafood exports to Greater China, aiming to strengthen trade ties with its largest trading partner. Transport Minister Anthony Loke announced this initiative during the Malaysia-China Summit, emphasizing Sabah’s potential as a significant seafood exporter.

The hub in Kota Kinabalu will enhance cold chain cargo capabilities for faster access to China, aligning with Malaysia's broader strategy to position itself as a trade gateway for ASEAN. This plan includes developing multiple aviation cargo hubs across the country.

Source: Malay Mail