The government aims to list 10 Bumiputera companies on Bursa Malaysia in 2026-2027, with four already in the pipeline for this year.
PUTRAJAYA: The government is targeting 10 Bumiputera companies to be listed on Bursa Malaysia in 2026 and 2027, with four of them already in the pipeline for listing this year, said government spokesperson Datuk Fahmi Fadzil.
He said the target was among the outcomes of the Bumiputera Economic Council meeting, which was presented to the Cabinet today.
Fahmi, who is also communications minister, said the target significantly exceeds the achievement recorded over the previous five years.
“To support this target, the ‘10 Bumiputera Champions’ programme, a collaboration involving government-linked investment companies (GLICs), has been introduced to nurture high-potential companies and develop 10 Bumiputera companies each valued at RM500 million by 2028,” he told a weekly press conference here today.
Fahmi said the ecosystems of Petronas, GLICs and government-linked companies (GLCs) are among the key contributors to the country’s Bumiputera development agenda.
He said these ecosystems contribute about RM50 billion annually, including RM49.2 billion last year, through direct investments, vendor procurement, talent development and community programmes.
“At the same time, new Bumiputera vendor development guidelines have been introduced to strengthen the vendor development pipeline and enhance vendors’ capabilities in a more structured and effective manner,” he said.
Fahmi said the Cabinet is also considering a proposal by the Ministry of Entrepreneur Development and Cooperatives to shorten payment periods by GLCs and GLICs to local vendors. This change is intended to enhance cash flow management for both companies and vendors.
Meanwhile, the Cabinet was briefed on the operational performance of federal ports in the first quarter of this year, which handled 8.002 million twenty-foot equivalent units (TEUs), recording a rise of 8.1% from the corresponding period last year.
“This was driven by Malaysia’s role as a key global transhipment hub, with transhipment activities growing 9.96% compared with the first quarter of 2025,” he said.
Fahmi said that conventional cargo throughput also rose 2.9% year-on-year, led by an 8.93% increase in general cargo and a 3.55% rise in dry bulk cargo handling.
“This performance is particularly encouraging despite the geopolitical crisis in West Asia, which began around the first quarter of this year,” he said.
