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MDEC and CIMB Islamic offer financing for AgTech

Communications and Multimedia Minister Datuk Saifuddin Abdullah (pic) said this collaboration was important to ensure digital technology could be applied quickly as part of Malaysia’s efforts to advance the digital economy in line with the Malaysia Digital Economy Blueprint (MyDigital). CYBERJAYA: The Malaysia Digital Economy Corp (MDEC) and CIMB Islamic Bank are providing RM25mil micro-financing as an initial funding package to drive the country’s agriculture ecosystem based on digital technology (AgTech). Starting with an allocation of RM10mil, the programme offers funding of RM20,000 per applicant that will benefit 500 people and encourage farmers to adopt the use of technologies such as artificial intelligence (AI), big data analytics (BDA) and Internet-of-things (IoT)-based applications.

CIMB launches GreenBizReady to help SMEs embrace sustainability

CIMB launches GreenBizReady to help SMEs embrace sustainability BERNAMAPIX PETALING JAYA: CIMB Bank Bhd and CIMB Islamic Bank Bhd have launched CIMB GreenBizReady, a one-stop sustainability solution for Malaysian small and medium enterprises (SMEs) looking to start and progress on their sustainability journey. With an allocation of RM250 million, SMEs will be empowered through financial solutions and incentives such as sustainability-linked financing benefits, access to sustainability service providers, training and capacity building, certification and advisory services, and business matching with support from industry leaders and government agencies. Through GreenBizReady, CIMB hopes to catalyse the transition of Malaysian SMEs towards the green economy, and will provide SMEs with a competitive advantage by equipping them with practical knowledge and tools to incorporate economic, environmental and social considerations into their business, helping them become sustainability

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