KUALA LUMPUR: Government-Linked Investment Companies (GLICs) will allocate a portion of their capital to support companies that demonstrate a strong commitment to value creation and the adoption of MY Value Up principles.
The announcement made by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said this mainly involved the Employees Provident Fund (EPF), Permodalan Nasional Bhd and Kumpulan Wang Persaraan (Diperbadankan) (KWAP).
“This will ensure that companies embracing stronger governance, better capital allocation and higher standards of transparency are recognised not only by the market, but also by Malaysia’s largest institutional investors.
“It is an important signal as Malaysia wants a capital market that is not only larger but better.
“Creating a market that rewards discipline, accountability and long-term value creation. We want Malaysian companies to be better governed, better valued and better prepared to compete regionally and globally,” he said in his speech at the launch of Invest Malaysia here on Tuesday (June 9).
The event was themed "From Reform to Execution: Malaysia’s Next Step".
He also launched the MY Value Up Programme Guidebook, a collaborative initiative by the Securities Commission (SC) and Bursa Malaysia to boost the corporate valuation and global market attractiveness of Malaysian public-listed companies (PLCs).
Additionally, Ahmad Zahid pointed out that a strong capital market must support not only large corporations but the wider ecosystem of enterprise, innovation and opportunity.
He also said the true measure of success is not only how much capital we attract, but how far that capital creates jobs, opens opportunities and improves lives.
Invest Malaysia is a collaboration between Bursa Malaysia Bhd with CIMB Group Holdings Bhd and Malayan Banking Bhd, featuring 61 Malaysian corporates with a combined market capitalisation of RM1.051 trillion.
