Malaysia’s largest government-linked investment firms, including the Employees Provident Fund, Permodalan Nasional Bhd, and Retirement Fund Inc, will direct capital to companies following the MY Value Up programme’s recommendations [1, 2, 3]. The announcement came on June 9, 2026, at the Invest Malaysia conference where Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi emphasized the goal of a capital market that rewards discipline, accountability, and long-term value creation [1].
Launched in March 2026, the MY Value Up programme aims to improve governance, capital allocation, and transparency among the country’s top public listed companies [1, 2, 3]. It targets the 88 largest listed firms, which represent about 80% of Bursa Malaysia’s total market capitalization [2]. These efforts are designed to raise the profile of Malaysian companies, improve their standards, and boost Malaysia’s representation in MSCI indices to attract both domestic and foreign investors [1, 2, 3].
Dr Ahmad Zahid Hamidi said, “Malaysia wants a capital market that is not only larger, but better — one that rewards discipline, accountability and long-term value creation” [1]. He added that the programme “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 the nation’s largest institutional investors” [2].
Malaysia’s capital market reached 4.3 trillion ringgit in 2025, more than twice the country’s GDP [3]. Fundraising totaled 187.7 billion ringgit through 60 initial public offerings in 2025 [3]. The Islamic capital market expanded to 2.7 trillion ringgit, underscoring the sector’s growing importance [3].
Specific details on allocation targets or exact mechanisms for how the government-linked funds will invest under the MY Value Up programme have not been disclosed yet [2].
The next step will likely involve the investment companies announcing concrete allocation plans and timelines for capital deployment into MY Value Up-aligned firms following the programme’s recent launch and the public endorsement at the Invest Malaysia conference.
