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Chairman: MDEC seeks pledge from banks to microfinance agricultural technology-driven farmers | Money

Monday, 12 Apr 2021 05:30 PM MYT
People withdraw cash from an automatic teller machine at a CIMB Islamic branch in Sepang August 26, 2013. – Reuters pic
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KUALA LUMPUR, April 12 Malaysia Digital Economy Corp (MDEC) is working to get more banks to provide microfinancing for farmers in driving the country’s agriculture ecosystem based on agricultural technology (AgTech).
Chairman Datuk Rais Hussin Mohamed Ariff said CIMB Islamic Bank had pledged RM25 million earlier this month to encourage farmers to adopt the use of technologies such as artificial intelligence (AI), big data analytics and Internet-of-things (IoT)-based applications. ....

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Bridging online and offline retailing as Malaysia moves beyond MCO

Bridging online and offline retailing as Malaysia moves beyond MCO
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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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. ....

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MDEC to provide funding facilitation support for startups in Malaysia | Money

Thursday, 11 Mar 2021 05:13 PM MYT
RM50 and RM100 notes are seen in George Town November 27, 2019. ― Picture by Sayuti Zainudin
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KUALA LUMPUR, March 11 The Malaysia Digital Economy Corp (MDEC) has announced two funding facilitation initiatives for 2021, namely Founders Grindstone, a capacity-building programme for startups, and Investor Matching, which aims to match startups with venture capitals (VCs).
In a statement today, it said the initiatives would also elevate the proficiency of startup founders to navigate the complexities of fundraising and fulfilling the gruelling demands of potential investors.
“Both Founders Grindstone and Investor Matching aim to provide a much-needed avenue for many Malaysian-based startups to connect with global and local investors, and potentially raise funds during these tough times,” said MDEC Digitally Powered Businesses Division vice-pr ....

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MDEC gets new director

MDEC gets new director
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