Bursa Malaysia Signs Agreement With The Department Of Statistics Malaysia - Partnership Arrangement On Macroeconomic Data

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) today signed an agreement with the Department of Statistics Malaysia (“DOSM”) that allows both parties to share macroeconomic data with the aim of identifying key trends and insights to further develop the capital market. The agreement was signed by Bursa Malaysia’s Chief Executive Officer, Datuk Muhamad Umar Swift and DOSM’s Chief Statistician, Dato’ Sri Dr Mohd Uzir Mahidin.

Beginning 4 January 2023, DOSM will share demographic and macroeconomic statistics and reports with Bursa Malaysia. On the other hand, DOSM will have access to Bursa Malaysia’s database related to the companies listed on the Exchange, including trading statistics. Under the terms of the agreement, both DOSM and the Exchange will have the opportunity to conduct joint exploration on areas of mutual interest towards the development of the capital market.

“This collaboration would result in significant synergies between both parties to further develop the capital market landscape, while creating new initiatives to enhance investor participation in our market,” said Datuk Muhamad Umar Swift. “The data partnership with DOSM will enable us to assess the economic climate, make better decisions to grow our services and be even more competitive.”

Dato’ Sri Dr Mohd Uzir Mahidin concurred, “The Bursa Malaysia data is very important because it contributes to the Leading Index which is a predictive tool used to anticipate economic upturns and downturns on an average of four to six months ahead. This index is published monthly and widely used by economic analysts to make future economic forecasts.”

“This agreement is part of our data acquisition roadmap to enhance our capital market dataset with micro and macroeconomic data, leveraging on DOSM’s outreach and statistical capabilities,” added Wong Chiun Chiek, Head of Data Business at Bursa Malaysia. “This agreement complements Bursa Malaysia’s access of corporate Malaysia data from Suruhanjaya Syarikat Malaysia, thereby providing the Exchange with a unique and comprehensive database to facilitate the development of new products and services to the industry, as well as support and expedite the ESG agenda.”

Concluded Datuk Muhamad Umar Swift, “We are keen to see what additional value the Exchange and DOSM could derive from this partnership, not only to enhance the capital market but also assist in nation building”. 

Bursa Malaysia would like to reassure members of the investing public that individual participant’s trading data is not part of this agreement and will not be made public.