THINKING ALOUD

Malaysia state funds can lift Bursa, but market discipline must rule

If firms perform well, they should not need governmental support

Anita Gabriel
Published Tue, Jun 23, 2026 · 07:00 AM
    • Securities Commission executive chairman Mohammad Faiz Azmi says only 200 of Malaysia’s 1,100 listed firms generated return on equity of more than 8%.
    • Securities Commission executive chairman Mohammad Faiz Azmi says only 200 of Malaysia’s 1,100 listed firms generated return on equity of more than 8%. PHOTO: BLOOMBERG

    [SINGAPORE] Malaysia’s government-linked investment companies (GLICs) are not just big investors.

    With their deep pockets and sprawling holdings across Bursa Malaysia – the country’s stock exchange – their heft makes them the obvious place to turn to whenever the market needs a lift, confidence needs shoring up or a national rerating agenda needs some muscle behind it.

    After all, why not?