DHAKA, March 16 (Xinhua) -- After Malaysia canceled visas for some 55,000 Bangladeshi jobseekers last week, Bangladesh's Foreign Minister Dipu Moni Monday said she and overseas employment minister will visit Malaysia late this month.

    The foreign minister told reporters here that she and the country's Expatriate Welfare and Overseas Employment Minister Khandaker Mosharraf Hossain will attend a program in Kuala Lumpur and also discuss the labor issue.

    "We will go later this month, may be on March 25-26," Dipu Monisaid.

    Moni admitted that the current global economic recession might cast somewhat a negative impact on Bangladesh's remittance earned through overseas employment.

    Last week the Malaysian government denied access of 55,000 Bangladeshi workers who got the calling visas for employment in Malaysia as the Southeast Asian country is facing the economic recession.

    "We will do whatever is needed to face the possible impact of the recession on our economy," the foreign minister said.

    Malaysia is one of the largest destinations for Bangladeshi overseas jobseekers and also one of the key sources of remittances for Dhaka. Some 400,000 Bangladeshis are now employed in different sectors mainly in construction and agriculture sectors in Malaysia.

    President of Bangladesh Association of International Recruiting Agency Golam Mostafa recent predicted that the manpower export maybe reduced by half this year due to economic contraction.

    Over 5.7 million Bangladeshis are now employed overseas particularly in Southeast Asia and the oil-rich Middle Eastern countries.

    Remittance contributed to 12 percent of Bangladesh's GDP. The country received about 9 billion U.S. dollars remittance in 2008.