Too many good companies stay small for too long: Anwar urges Bursa Malaysia to help more local firms become regional champions

Prime Minister Anwar Ibrahim urged Bursa Malaysia to assist more Malaysian firms in becoming regional leaders, expressing concern that many promising businesses remain small for extended periods. Speaking at Bursa Malaysia's 50th anniversary celebration, Anwar emphasized the importance of the capital market in fostering job creation and distributing wealth across the nation. He highlighted the need for trust and fairness in the market, ensuring honest dealings between companies and investors.

Anwar cautioned that Malaysia's market would face challenges due to geopolitical tensions, technological advancements, and the energy transition. Despite past financial crises and the pandemic, the capital market has continued to facilitate economic recovery through investment and market stability. The Prime Minister also encouraged Malaysian firms to advance in value-added sectors like semiconductors, advanced manufacturing, and digital technology to compete effectively on the global stage.

The government has placed significant emphasis on governance, fiscal responsibility, and making Malaysia an attractive investment destination. In the first half of 2023 alone, Malaysia recorded RM218.5 billion in approved investments. Under the Madani Economy initiative, Anwar aims to elevate the economy's potential while simultaneously improving the living standards of its citizens.