Malaysia’s two biggest pension funds and the country’s largest asset manager will earmark money to support a programme aimed at creating value for local listed firms.
Deputy Prime Minister Ahmad Zahid Hamidi made the announcement of their capital infusion into the so-called MY Value Up programme at an investment conference this week.
He said allocations from the Employees Provident Fund (EPF), civil service pension fund Kumpulan Wang Persaraan (KWAP), and asset manager Permodalan Nasional Bhd (PNB) will ensure that listed firms embrace stronger governance, better capital management, and higher standards of transparency
“We want Malaysian companies to be better governed, better valued, and better prepared to compete regionally and globally,” he said at the conference on June 9.
He did not disclose how much the three will contribute to the programme.
The MY Value Up programme, launched in April by Securities Commission Malaysia and the Malaysian stock market operator, bears some similarities to the Tokyo Stock Exchange’s capital efficiency reform.
The Japanese reform in March 2023 was aimed at encouraging companies to explain how they would improve returns, valuations and shareholder value.
Since then, the benchmark Nikkei 225 index has more than doubled to over 60,000 points, including a 23% gain thus far this year. By contrast, the benchmark FTSE Bursa Malaysia is barely unchanged this year.
The EPF, which manages retirement savings of private sector employees and the self-employed, had 1.44 trillion ringgit (US$354.4 billion) of assets under management as of end-March. KWAP managed more than 180 billion ringgit of assets as of end-2025.
PNB had more than 366 billion ringgit of assets under management as of end-2025.
