Latest news with #ODIN
Barnama
27-05-2025
- Business
- Barnama
MyLabourHub Strengthens Malaysia's Status As Global Leader In Open Data Inventory Assessment
PUTRAJAYA, May 27 (Bernama) -- The integrated digital analytics platform, MyLabourHub, launched today by the Department of Statistics Malaysia (DOSM), will strengthen Malaysia's position as a global leader in the world's Open Data Inventory (ODIN) assessment. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said that MyLabourHub integrates institutions, data and technology to provide the latest labour market information to improve the country's score in the upcoming official Open Data Warehouse (ODW) report. He added that the portal, fully developed by DOSM, will benefit various stakeholders, including policymakers, industry players, training institutions and the public. 'In line with the aspiration to move towards a resilient statistical system in the era of digital innovation, this portal provides relevant, accurate and easily accessible information, thus enhancing the empowerment of citizen-centric statistical service delivery that is inclusive, integrated, transparent and secure," Uzir said in his speech at the launch of MyLabourHub today. Additionally, MyLabourHub enables in-depth research for evidence-based policymaking by helping stakeholders understand labour market dynamics while strengthening action plans, impactful interventions and responses to economic changes. The official ODW report, released on April 29, marked a historic achievement for Malaysia, ranking first in the ODIN 2024/25 assessment, surpassing 198 other countries with an overall score of 90 and an outstanding data openness score of 99. This represents a significant leap from its 67th position in the 2022/23 assessment. Uzir also said that MyLabourHub offers key functionalities, including a labour market analytics platform that provides insights into employment trends, salary rates and skill requirements aligned with contemporary job markets. He highlighted that data updates within the platform occur in three categories: monthly, quarterly and annually, with all data sourced from relevant agencies, including the Department of Labour. Meanwhile, DOSM said in a statement today that MyLabourHub gathers more than 101 key indicators and 128 supporting indicators.
The Sun
27-05-2025
- Business
- The Sun
MyLabourHub strengthens Malaysia's status as global leader in open data inventory assessment
PUTRAJAYA: The integrated digital analytics platform, MyLabourHub, launched today by the Department of Statistics Malaysia (DOSM), will strengthen Malaysia's position as a global leader in the world's Open Data Inventory (ODIN) assessment. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said that MyLabourHub integrates institutions, data and technology to provide the latest labour market information to improve the country's score in the upcoming official Open Data Warehouse (ODW) report. He added that the portal, fully developed by DOSM, will benefit various stakeholders, including policymakers, industry players, training institutions and the public. 'In line with the aspiration to move towards a resilient statistical system in the era of digital innovation, this portal provides relevant, accurate and easily accessible information, thus enhancing the empowerment of citizen-centric statistical service delivery that is inclusive, integrated, transparent and secure,' Uzir said in his speech at the launch of MyLabourHub today. Additionally, MyLabourHub enables in-depth research for evidence-based policymaking by helping stakeholders understand labour market dynamics while strengthening action plans, impactful interventions and responses to economic changes. The official ODW report, released on April 29, marked a historic achievement for Malaysia, ranking first in the ODIN 2024/25 assessment, surpassing 198 other countries with an overall score of 90 and an outstanding data openness score of 99. This represents a significant leap from its 67th position in the 2022/23 assessment. Uzir also said that MyLabourHub offers key functionalities, including a labour market analytics platform that provides insights into employment trends, salary rates and skill requirements aligned with contemporary job markets. He highlighted that data updates within the platform occur in three categories: monthly, quarterly and annually, with all data sourced from relevant agencies, including the Department of Labour. Meanwhile, DOSM said in a statement today that MyLabourHub gathers more than 101 key indicators and 128 supporting indicators. 'It is structured under eight main themes, including labour supply and demand, labour productivity, graduates, the informal sector, labour costs, micro, small, and medium enterprises (MSMEs) and Sustainable Development Goals (SDGs),' it said. It added that the portal launch is a strategic initiative under the 12th Malaysia Plan (12MP), aiming to realign the national labour market towards inclusive, sustainable and competitive economic growth.
The Sun
27-05-2025
- Business
- The Sun
MyLabourHub boosts Malaysia's global open data ranking
PUTRAJAYA: The integrated digital analytics platform, MyLabourHub, launched today by the Department of Statistics Malaysia (DOSM), will strengthen Malaysia's position as a global leader in the world's Open Data Inventory (ODIN) assessment. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said that MyLabourHub integrates institutions, data and technology to provide the latest labour market information to improve the country's score in the upcoming official Open Data Warehouse (ODW) report. He added that the portal, fully developed by DOSM, will benefit various stakeholders, including policymakers, industry players, training institutions and the public. 'In line with the aspiration to move towards a resilient statistical system in the era of digital innovation, this portal provides relevant, accurate and easily accessible information, thus enhancing the empowerment of citizen-centric statistical service delivery that is inclusive, integrated, transparent and secure,' Uzir said in his speech at the launch of MyLabourHub today. Additionally, MyLabourHub enables in-depth research for evidence-based policymaking by helping stakeholders understand labour market dynamics while strengthening action plans, impactful interventions and responses to economic changes. The official ODW report, released on April 29, marked a historic achievement for Malaysia, ranking first in the ODIN 2024/25 assessment, surpassing 198 other countries with an overall score of 90 and an outstanding data openness score of 99. This represents a significant leap from its 67th position in the 2022/23 assessment. Uzir also said that MyLabourHub offers key functionalities, including a labour market analytics platform that provides insights into employment trends, salary rates and skill requirements aligned with contemporary job markets. He highlighted that data updates within the platform occur in three categories: monthly, quarterly and annually, with all data sourced from relevant agencies, including the Department of Labour. Meanwhile, DOSM said in a statement today that MyLabourHub gathers more than 101 key indicators and 128 supporting indicators. 'It is structured under eight main themes, including labour supply and demand, labour productivity, graduates, the informal sector, labour costs, micro, small, and medium enterprises (MSMEs) and Sustainable Development Goals (SDGs),' it said. It added that the portal launch is a strategic initiative under the 12th Malaysia Plan (12MP), aiming to realign the national labour market towards inclusive, sustainable and competitive economic growth.
New Straits Times
27-05-2025
- Business
- New Straits Times
MyLabourHub to help Malaysia stay top in global open data ranking
PUTRAJAYA: The launch of MyLabourHub is expected to help Malaysia maintain its top global ranking in the Open Data Inventory (ODIN) by strengthening the availability and accessibility of labour and social statistics. Department of Statistics Malaysia (DOSM) chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the platform aligns with the criteria assessed by Open Data Watch, which include the openness of social, economic and environmental data. "One of the key areas assessed by Open Data Watch is the availability of social, economic and environmental data. "With the launch of MyLabourHub, we are in a stronger position to sustain our No. 1 ranking," he said at the launch of MyLabourHub at the DOSM headquarters in Putrajaya today. Uzir added that DOSM will soon launch the Integrated Agricultural Statistical System (TaniStats), a centralised digital system that organises and simplifies agricultural data. Together with MyLabourHub, he said, the initiative will expand the scope of accessible data points, variables and structured datasets that are .evaluated in global assessments. "MyLabourHub and Tanistats are among the efforts that will increase the number of data points, variables and access mechanisms that are measured internationally." He said growing international attention on food security and agricultural resilience had prompted calls from institutions such as the Food and Agriculture Organisation (FAO) for countries to strengthen their statistical systems in those areas. "These issues used to focus heavily on industrial data, but agriculture and food have now become major areas of concern globally." Uzir added that improving data in both labour and agriculture was key to reinforcing Malaysia's position. "I am confident that with MyLabourHub, Tanistats and other emerging initiatives, we can continue to elevate the country's name and maintain our position as a global leader in open data." Malaysia ranks first out of 198 countries in the ODIN 2024/25 report, rising from 67th in the previous edition. MyLabourHub compiles real-time labour market data from more than 40 ministries and agencies, offering detailed, accessible insights for policymakers, researchers and the public.
Hans India
17-05-2025
- Business
- Hans India
How Jignesh Shah Created 10 World-class Exchanges in 10 Years?
If you have ever created something from scratch, be it a painting, a sculpture, or a business, you would know it demands vision, patience, and relentless effort. Now, imagine creating not one, but ten world-class exchanges! Sounds impossible, right? Not for Jignesh Shah. A tech genius with a deep understanding of market ecosystems, he turned an ambitious vision into a game-changing reality. Through Financial Technologies (FTIL), now known as 63 Moons Technologies, he ushered in a new era in global finance from India. What followed wasn't just a story of enterprise but a revolution that redefined how financial markets operate, grow, and connect. Jignesh Shah transformed how people think about wealth creation and market access. In an extraordinary feat, he established ten global exchanges in ten years, including Jignesh Shah MCX and Jignesh Shah NSEL, spanning continents and connecting millions of people to financial systems. He unlocked value at the middle and bottom of the pyramid, empowering everyday people with access to opportunity. Here's the tale of 'The Exchange King'. Shaping The Global Exchange Landscape In 1995, Jignesh Shah laid the foundation for 63 Moons Technologies, a company built to deliver cutting-edge technology solutions and domain expertise for digital transactions across asset classes. In 1998, when India's financial landscape was still finding its footing, Jignesh Shah stepped in with a disruptive innovation: ODIN (Open Dealer Integrated Network). Built for brokers, traders, and investors alike, ODIN wasn't just cost-effective; it was transformative. Against the odds, it rose to dominate the market with an 80% share, setting a new benchmark in trading platforms. But Shah didn't stop at revolutionising the tools. He set his sights on reimagining the very marketplaces themselves. Having powered India's brokerage ecosystem with ODIN, his next move was bold and unprecedented: create a network of world-class exchanges. ● The Big Bang with Jignesh Shah MCX The Big Bang in the exchange universe happened in 2003 with the launch of the Multi Commodity Exchange (MCX) that was envisioned as a complete ecosystem. This holistic approach wasn't common at the time. But it worked brilliantly. Jignesh Shah MCX offered Indian traders and businesses a way to manage price risks efficiently and participate in a transparent, technology-driven price discovery process. It became a game-changer for farmers, manufacturers, and traders alike, especially in a post-reform India. When the Lehman Brothers crisis rocked global financial markets in the late 2000s, panic and paralysis were widespread. Yet, amid the chaos, India's broking industry found a surprising source of stability with Jignesh Shah MCX. While equities took a hit, MCX enabled uninterrupted trading in commodities, giving brokers and investors a much-needed lifeline. Jignesh Shah MCX emerged as 1 of the top 3 commodity futures exchanges in the world. It held the number one global spot in gold and silver trading. MCX also holds the distinction of being the first exchange in India to go public. ● Going Global with DGCX After transforming the domestic market, Jignesh Shah set his sights overseas. In 2005, he made a bold move by launching the Dubai Gold & Commodities Exchange (DGCX). This wasn't just another international expansion. It was historic. DGCX became Dubai's first commodity derivatives exchange, and more importantly, it marked the first-ever 50:50 joint venture between a company from the private sector and the Government of the United Arab Emirates (UAE). Back home in India, 2005 also witnessed the creation of Jignesh Shah NSEL, National Bulk Handling Corporation Limited, Atom Technologies, TicketPlant and Risk Solutions by Jignesh Shah. ● Driving Financial Inclusion with Jignesh Shah MCX-SX In 2008, Jignesh Shah introduced yet another ambitious venture in the form of MCX-SX (MCX Stock Exchange). It was a mission-driven initiative, built to promote financial inclusion and democratise access to capital markets across India. While traditional stock exchanges largely catered to major metros, MCX-SX aimed to bring the trading culture to the grassroots — to smaller towns, emerging cities, and even rural investors. It wasn't just about trading; it was about building financial awareness and creating opportunities for first-time investors. The exchange also played a pivotal role in energising the bond markets. With innovative products and an inclusive approach, MCX-SX opened up new avenues for capital raising and investment, particularly for smaller businesses and underserved market participants. ● Powering India with IEX 2008 was a time when the idea of trading electricity was practically non-existent. Jignesh Shah dared to imagine an exchange for electricity. This led to the birth of the Indian Energy Exchange (IEX), a pioneering platform that completely transformed how energy was bought and sold in the country. What made this even more remarkable was the focus on small and medium enterprises (SMEs), which were often at the mercy of erratic power supply and rising operational costs. IEX provided a lifeline, allowing states with surplus electricity to trade with deficit ones, ensuring smoother distribution and better efficiency. ● Expansion with Jignesh Shah NSEL & International Exchanges 2008 marked a pivotal year for Jignesh Shah, as he expanded his reach even further, setting up the Singapore Mercantile Exchange (SMX). It was a cutting-edge electronic system designed to seamlessly integrate derivatives and physical commodity trading within Singapore, making it a gateway for Asian markets. By aligning with the Asian time zone, SMX helped to boost regional trading and established itself as a key player in global commodity exchanges. In the same year, Bahrain Financial Exchange (BFX) was also launched. It was the first exchange set up by an Indian entity in the region. What made BFX stand out was its focus on Sukuk and other Shariah-compliant financial instruments. The expansion continued into 2009 with the establishment of Bourse Africa, another ambitious project spearheaded by Jignesh Shah NSEL. Bourse Africa was designed as a multi-asset exchange offering significant trading opportunities across the African continent. A Legacy of Vision and Execution The title 'Exchange King' is a fitting acknowledgement of a man who dared to dream of a financially inclusive world, empowered by technology. Whether it was DGCX, Jignesh Shah MCX, or Jignesh Shah NSEL, Jignesh Shah FTIL worked honestly, diligently, and passionately to ensure all his ventures added value. With his work continuing to resonate across the globe, Jignesh Shah's journey is a testament to the power of courageous leadership, unwavering perseverance, and a commitment to creating world-class institutions. From traders in metro cities to entrepreneurs in rural heartlands, his exchanges became enablers. He bridged the urban-rural divide, and in doing so, reshaped how the world saw India. No longer just a back office to the world, 'Brand India' began to shine as a hub of Intellectual Property-led innovation, thanks to 'The Exchange King', Jignesh Shah.
