Bursa Malaysia’s Business Review: A Look-back on the Year of Digital Transformation
The year 2022 has been a pivotal one for Bursa Malaysia, Southeast Asia’s premier stock exchange. In a year marked by transformation and innovation, the exchange has made significant strides in enhancing its operations, listed companies, and overall market efficiency. This review takes a closer look at the key developments and milestones that have defined Bursa Malaysia’s journey in 2022.
Digital Transformation Drive
At the heart of Bursa Malaysia’s efforts has been its commitment to digital transformation. The exchange has been at the forefront of embracing new technologies, such as blockchain, artificial intelligence, and data analytics, to streamline its operations and improve its services for listed companies and investors. This drive has seen the launch of various digital initiatives, including the development of a blockchain-based settlement system and the introduction of an AI-powered trading platform.
These innovative solutions have not only enhanced the exchange’s operational efficiency but have also enabled listed companies to reap the benefits of increased transparency, speed, and cost savings. Moreover, the exchange’s digital transformation has opened up new opportunities for market participants, including the emergence of fintech and digital trading platforms.
Corporate Governance and Sustainability
Bursa Malaysia has also been keen to promote good corporate governance and sustainability, recognizing the growing importance of environmental, social, and governance (ESG) factors in corporate decision-making. The exchange has taken steps to strengthen its governance framework, introducing measures such as the Code of Corporate Governance and the Sustainability Reporting Framework.
These initiatives aim to promote transparency, accountability, and responsible business practices among listed companies, ultimately benefiting all stakeholders. As part of its sustainability drive, Bursa Malaysia has also been working with participating organizations to promote education, awareness, and community engagement on ESG issues.
Regulatory Framework Evolution
The regulatory landscape has undergone significant changes, with Bursa Malaysia introducing new rules and guidelines to enhance market stability and protect investors. The exchange has been at the forefront of these efforts, working closely with the Securities Commission Malaysia to develop and implement new regulations, such as the Securities Industry (Digital Payments-Money Services Operators) Regulations 2022.
These measures have aimed to address emerging risks, such as the misuse of digital payment systems, and ensure a level playing field for all market participants. The exchange’s regulatory framework has been instrumental in maintaining market confidence and promoting a culture of compliance and integrity in the Malaysian capital market.
Cross-Border Collaboration and International
