logo
Bursa Malaysia recognised as one of top 50 PLCs in Asean, top 5 in Malaysia

Bursa Malaysia recognised as one of top 50 PLCs in Asean, top 5 in Malaysia

The Suna day ago
PETALING JAYA: Bursa Malaysia Bhd was recognised as one of the Top 50 Asean Public Listed Companies and among the Top 5 PLCs in Malaysia at the recent Asean Corporate Governance Awards hosted by the Minority Shareholders Watch Group, the domestic ranking body for Malaysia, and officiated by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
The Asean Corporate Governance Awards recognises Asean PLCs that demonstrate excellence in governance, based on the rigorous 2024 Asean Corporate Governance Scorecard (ACGS) Regional Assessment. The ACGS is a regional initiative under the Asean Capital Markets Forum, developed in collaboration with the Asian Development Bank, to assess, enhance, and promote corporate governance among PLCs across six participating Asean countries.
The ACGS is conducted biennially, recognising top-performing PLCs that demonstrate strong governance frameworks and practices in line with international standards, with a focus on transparency, accountability and board effectiveness.
Bursa Malaysia CEO Datuk Fad'l Mohamed said: 'We are honoured to be recognised once again at the Asean Corporate Governance Awards, which reflects our enduring leadership and commitment in upholding the highest standards of governance, transparency, and accountability. Strong corporate governance is the bedrock of a resilient and trusted capital market. Hence, Bursa Malaysia invariably actively champions governance excellence – both within the exchange, and across our ecosystem – as a key foundation for investor confidence and sustainable economic growth.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Anwar arrives in Jakarta for two-day working visit to Indonesia
Anwar arrives in Jakarta for two-day working visit to Indonesia

New Straits Times

time5 minutes ago

  • New Straits Times

Anwar arrives in Jakarta for two-day working visit to Indonesia

JAKARTA: Prime Minister Datuk Seri Anwar Ibrahim has arrived in Jakarta for a two-day working visit to Indonesia, which will include the 13th Annual Consultation with Indonesian President Prabowo Subianto. The aircraft carrying the prime minister touched down at Halim Perdanakusuma International Airport at 8pm local time, where he was received by Malaysian Ambassador to Indonesia, Datuk Mohamad Syed Husrin Tengku Hussin. Also present to welcome him were senior Indonesian government officials, including Foreign Minister Sugiono, Home Affairs Minister Tito Karnavian, and Jakarta Deputy Governor Rano Karno. During the visit, the prime minister is also scheduled to visit the Asean Secretariat in Jakarta at the invitation of Asean Secretary-General Dr Kao Kim Hourn. Anwar will deliver a policy speech on Asean in the context of Malaysia's Asean Chairmanship in 2025, underscoring the country's commitment to regional integration and community-building. In 2024, Indonesia ranked as Malaysia's sixth-largest global trading partner and second-largest within Asean. Bilateral trade grew by 4.5 per cent, rising from RM111.21 billion (US$24.39 billion) in 2023 to RM116.29 billion (US$25.5 billion) in 2024.

Two Bumiputera firms targeted for Bursa Malaysia listing by year-end
Two Bumiputera firms targeted for Bursa Malaysia listing by year-end

The Sun

time35 minutes ago

  • The Sun

Two Bumiputera firms targeted for Bursa Malaysia listing by year-end

KUALA LUMPUR: The government is targeting at least two Bumiputera companies to be listed on Bursa Malaysia by the end of this year. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi revealed this during the launch of the Bumiputera Rapid Acceleration and Value Enhancement (BRAVE) programme today. The initiative aims to strengthen the Bumiputera entrepreneurial ecosystem by offering alternative financing of up to RM1 million at a competitive profit rate of 3.5 per cent. Additionally, selected companies will receive comprehensive capacity-building support to prepare them for public listing. 'A total of 15 companies will be selected in the initial phase, and from that number, five will receive intensive mentoring to prepare them for listing on Bursa Malaysia by the end of this year,' Ahmad Zahid said in his speech, delivered by Minister of Entrepreneur and Cooperatives Development Datuk Ewon Benedick. As of 2022, only 62 out of 945 companies listed on Bursa Malaysia were majority Bumiputera-owned, representing just seven per cent. Over the past four years, only one Bumiputera company was listed compared to 96 non-Bumiputera firms. 'More concerning is that over the past four years, only one Bumiputera company has been listed compared with 96 non-Bumiputera companies. This reflects an urgent reality; we cannot remain complacent with the 'status quo' but must step out of our comfort zones and create change,' he said. To achieve the listing target, Ahmad Zahid emphasised the need for strategic training in investor relations, corporate communications, and IPO preparation, alongside stronger industry collaboration. On micro, small, and medium enterprises (MSMEs), he noted that the sector contributes 97.4 per cent of all businesses in Malaysia, generating RM631.1 billion in GDP and RM152.2 billion in exports in 2023. However, challenges such as limited capital access and low competitiveness persist. He hopes the BRAVE programme will serve as a catalyst for MSME growth, addressing these barriers while fostering economic inclusivity. - Bernama

Aneka Jaringan's Q3 earnings soar 31.3pct, revenue jumps 18.05pct
Aneka Jaringan's Q3 earnings soar 31.3pct, revenue jumps 18.05pct

New Straits Times

timean hour ago

  • New Straits Times

Aneka Jaringan's Q3 earnings soar 31.3pct, revenue jumps 18.05pct

KUALA LUMPUR: Aneka Jaringan Holdings Bhd reported a 31.3 per cent increase in net profit to RM738,000 for the third quarter ended May 31, 2025, compared to RM562,000 in the same period last year. According to its filing with Bursa Malaysia, the company's revenue climbed 18.05 per cent to RM49.4 million from RM41.85 million previously, supported by stronger contributions from its ongoing projects in Malaysia. No dividend was declared for the quarter. The company said it remains cautiously optimistic about its performance for the financial year ending Aug 31, 2025, amid persistent trade uncertainties and fluctuating costs. "The group continues to monitor cost fluctuations closely and is prepared to implement proactive measures to mitigate their impact on operations and profitability," it said. Managing director Pang Tse Fui said the profit momentum reflected the effectiveness of Aneka Jaringan's execution strategy and strong financial management. "As our project portfolio continues to deliver, we remain focused on risk-managed growth while reinforcing governance across all operational aspects. "The results thus far give us the confidence to stay on track toward a stronger full-year performance," he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store