Wednesday, June 29, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home News

MDEC And CIMB Islamic Enter Partnership To Help Farmers Digitalise Their Operations

by Sebastian Loh
April 2, 2021
MDEC And CIMB Islamic Enter Partnership To Help Farmers Digitalise Their Operations
32
SHARES
Share on FacebookShare on Twitter

The Malaysia Digital Economy Corporation (MDEC) and CIMB Islamic has inked a deal to expand a microfinancing programme aimed at helping farmers embrace digitalisation. The programme will have an initial funding of RM10 million.

The origins of this initiative is related to the public-private partnership that MDEC earlier entered into with Pertubuhan Peladang Kawasan Kuala Langat (PPKKL). They have launched a pilot project in 2018 that saw farmers adopting an Internet of Things (IOT)-enabled fertigation system.

According to MDEC, monthly fertiliser usage fell by 20% and monthly manpower requirements by 25% while the overall yield quality (Grade A chillies) increased by up to 90%.

“[T]hrough our pilot project, crop yield has seen a 22% quality improvement and an overall reduction of operations cost by 30%. Income has also seen a 33% hike,” said MDEC chairman Rais Hussin.

HuaHinTown_Snap / pixabay

ADVERTISEMENT

The MoU signed by MDEC with CIMB Islamic today will now expand that initiative nationwide. MDEC said that it would lower the access barrier for farmers wanting to digitalise while contributing to Malaysia’s food security.

The government agency is a big believer in using digital tools to increase crop yield and quality, as well as the income of farmers. It’s also eager to entice more young people into the agricultural business, noting that 70% of the 548 participants who were trained through its eLadang pilot project up to December 2019 were below the age of 40.

MDEC’s collaboration with CIMB Islamic will have an initial group of 500 participating farmers.

(Source: MDEC. Additional image: HuaHinTown_Snap / pixabay.)

Tags: agriculturecimb islamicdigitalisationmdec
Back to top
Share13Tweet8SendShare

ADVERTISEMENT

RELATED ARTICLES

traffic light
News

Ipoh Installs Smart Traffic Lights; 5G Network To Come In October

by Ikmal Rozlan
June 29, 2022

The Ipoh City Council (MBI) is making huge technological leaps to advance the city under the Ipoh Smart City Action...

Read more
NVIDIA GeForce GTX 1630 Now Official; Starts From US$150
Hardware

NVIDIA GeForce GTX 1630 Now Official; Starts From US$150

by John Law
June 29, 2022

After months of speculation, NVIDIA's GeForce GTX 1630 is finally official and out of the shadows. The new graphics card...

Read more
digi celcom telco
Telco

Celcom And Digi Merger Gets Clearance From MCMC

by Ikmal Rozlan
June 29, 2022

The Malaysian Communications and Multimedia Commission (MCMC) announced that the agency has no objections to the merger plans between major...

Read more
Google Shutting Down Hangouts This November
Software

Google Shutting Down Hangouts This November

by John Law
June 28, 2022

Google announced that it is shutting down Hangouts users and migrating the app to Chat, once the app will no...

Read more
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    E-Hailing

    Gojek Confirms It Will Not Be Entering Malaysia

  2. 2
    News

    Employees Can Apply For Flexible Working Arrangements Starting 1 September

  3. 3
    ISP

    TM Is Upgrading Network Infrastructure Nationwide: Provides Wi-Fi 6 Router To 100Mbps Plan

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.