Page 145 - Special Topic Session (STS) - Volume 3

STS523 Wan Z. et al.
it can be requested accordingly from the data warehouse. Whether the
information on ownership, shareholder, company secretary, addresses,
financial statements, and others.
The cycle of preparing the data will start by receiving applications from
stakeholders who are mostly from the public, ministry, government agencies,
and foreign investors. Officers in charge will identify the requested application
by selecting the table from the data scheme tables. The selected tables will be
compiled to become a data set before it is converted to either PDF, Excel, or
CSV format. From the data warehouse, SSM can use the data for supply, data
analysis or enforcement matter. Stakeholders who request the data from SSM
can use it for further analyzing, reporting, mining, and decision making.
We can see an increase in the number of requests, especially for
information pertaining to business profile and statistics reporting among the
Malaysian business community. The information held by SSM regarding
businesses, companies, and LLPs will allow the market players the opportunity
to make better decisions and the analytical data will assist in providing
information on future business opportunities. The data analytic function of the
core system would allow for data analysis, comparisons, forecasting, and
creating relationships. Things will be simplified and cost effective for the
distribution of data.
Introducing MBRS for annual and financial filings is a major step for SSM,
facilitating greater transparency and simpler analysis by helping to gather
large quantities of high-quality data. The data contents of Financial
Statements, Annual Return, Exemption Application, and Key Financial Indicator
are defined as taxonomies.
The elements/taxonomies contained in MBRS in Malaysia through SSM are
mainly based on the Malaysian Accounting Standards (MFRS/MPERS) and
Companies Act 2016. The data are defined within the XBRL taxonomy and
organised based on different file types within the taxonomy architecture. The
process includes Organising, Acquiring, Validating, Protecting, Storing, and
Processing the data.

3. Results
At the moment, there are many products offered by SSM, one of which is
the Corporate and Business Information Data (CBID) which is a customizable
data for both companies and businesses that you can personalize. The data
includes a list of companies or statistical data. It helps make business decisions
more efficiently based on facts and business information. With the new
systems which will be introduced soon and also with the introduction of MBRS,
SSM will also introduce new Corporate Business Information Data (CBID)
packages which will allow stakeholders to choose data schemes according to
their requirement and needs at a cheaper cost. The varied combination of data

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