Bursa Malaysia Berhad and the Companies Commission of Malaysia signed a Memorandum of Understanding to leverage the combined datasets to build a first-of-its-kind data ecosystem comprising datasets of corporate Malaysia from both small-medium enterprises and public listed companies.
The platform will allow both explore commercial opportunities in efforts in driving the nations digital aspirations and providing in-depth analytics for greater strategic decision-making insights for businesses.
It will alsp at the same time look at driving the ESG agenda, Bursa Malaysia and SSM will work together to encourage corporate Malaysia to focus on improving disclosures and access to capital through ESG best practices in respective industries. Public listed companies (“PLCs”) from financial institutions to manufacturing businesses can act as catalysts of Malaysia’s economy to improve data and transparency in their supply chain.
Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia. “In addition to building a centralised data system that connects businesses with the funding agencies, this collaboration will allow smaller businesses to learn from best practises from larger corporations.”
“SSM has a comprehensive data bank consisting of details on information relating to company and other business entities profiles, share capital, directors, officers, shareholders, charges and financial information,” said Datuk Nor Azimah Abdul Aziz, Chief Executive Officer of SSM