Quotes from Industry
Quotes From Industry
Regulators, GLICs and Other Institutions
“As one of the key drivers towards building a resilient economy for Malaysia, it is more important than ever to empower PLCs to enhance their market competitiveness, so they can help grow and sustain investors’ interest in our capital market. Through Bursa Malaysia’s guidebooks and other initiatives, the PLC Transformation Programme aims to assist PLCs in identifying areas of development that are aligned with key global trends and multi-stakeholders’ expectations. These efforts will certainly enhance the PLCs’ investability, particularly as themes such as Environmental, Social and Governance are quickly becoming front and centre among global investors.”
- YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz Chairman
Minister of Finance Malaysia
“The launch of the PLC Transformation Programme is indeed very timely as PLCs prepare for a new economic landscape and compete to increase their global appeal. As the economy recovers from the effects of the pandemic, Malaysia’s transformation to a high-income, sustainable and equitable economy will need to be driven by PLCs that promote good corporate governance and those that embrace agility and innovation.”
- YBhg. Datuk Syed Zaid Albar, then Chairman
Securities Commission Malaysia
“Congratulations to Bursa Malaysia on the successful launch of the PLCT Programme. The Programme is testament to Malaysia’s commitment to drive stronger corporate performance and value creation.”
- Encik Ahmad Zulqarnain Onn, President & Group Chief Executive
Permodalan Nasional Berhad
“The EPF is very supportive of this PLC Transformation Programme initiative. With Bursa Malaysia taking the lead to spearhead this programme, I am positive that PLCs’ performance will improve. This will be good for the EPF, as well as for Corporate Malaysia.”
- YBhg. Datuk Seri Amir Hamzah Azizan, Chief Executive Officer
Employees Provident Fund
“Bursa Malaysia's PLCT programme is timely. We strongly encourage all PLCs to participate in the programme and equally important, embrace the five pillars that are expected to be a catalyst for growth and performance. The programme essentially provides the building blocks for companies to raise the bar in order to attract wider investor interest and confidence. It is no longer enough to be financially sound, the time to set in motion holistic changes in corporate Malaysia is now.”
- Puan Nik Amlizan Mohamed, Chief Executive Officer
Kumpulan Wang Persaraan (Diperbadankan)
“The introduction of the PLC Transformation (“PLCT”) Programme by Bursa Malaysia is timely as it aims to address key issues and promote best practices in corporate Malaysia. Based on our experience as secretariat of the 10-year GLC Transformation Programme, we are optimistic that the PLCT Programme will contribute towards driving better performance among public listed companies and them becoming more competitive globally in terms of productivity and innovation. This will reinvigorate the Malaysian capital market, and ultimately spur economic growth for the country. Khazanah is fully supportive of the PLCT Programme and will encourage our investee companies to take part in the programme to ensure its success.”
- YBhg. Dato’ Amirul Feisal Wan Zahir, Managing Director
Khazanah Nasional
“The PLCT Programme is a timely initiative to elevate PLCs to a higher level especially given the onslaught of the pandemic. There is much lost ground to be regained and to once again become a regional powerhouse. We are all asked to transform to meet the challenges of the new norm.”
- Mr. Devanesan Evanson, Chief Executive Officer
Minority Shareholder Watchdog Group (MSWG)
“Our PLCs have a responsibility to project and advance the best aspirations of Malaysia Incorporated. This comprehensive PLCT Programme is timely. It will facilitate and incentivise the transformation process and help ensure achieving the desired outcome.”
- Mr. Chew Sing Guan, President
Association of Stockbroking Companies Malaysia
“Well executed transformation and better transparency at public listed companies will boost the vibrancy of our Malaysian capital market.”
- Mr. Lok Eng Hong, Regional Head, Retail Brokerage Business
Maybank Investment Banking Group
“The PLCT Programme is likely to spur our listed corporates to embrace best practices and aspire towards improving key financial and non-financial KPIs alike. Under the stewardship and guidelines provided by Bursa Malaysia, I believe that PLCs who choose to embark on this journey are likely to see an improved shareholder value creation, one which is more sustainable in the long-term as well. I strongly believe that we are likely to see more investor interest in the medium-term as a result of this programme.”
- Mr. Tushar Mohata, Head of Equity Research
Nomura Asset Management Malaysia Sdn Bhd
PLCs
“As IHH Healthcare celebrates our 10th year of listing, we are reaffirming our focus to be a purpose-driven company, with the launch of our “Care. For Good.” strategy. These words sum up what IHH Healthcare stands for: our vision to be the world's most trusted healthcare services network; our purpose to touch lives and transform care; and our commitment to provide greater good to our patients, people, the public and our planet.
It is timely that Bursa Malaysia is launching its PLCT programme, which resonates with our “Care. For Good.” strategy. We are excited to support the programme and be a champion to promote PLC’s attractiveness to domestic and foreign investors. We look forward to exchanging best practices, connecting with like-minded PLCs, and working together to uplift the attractiveness of our marketplace.”
- Dr Kelvin Loh, Managing Director and Chief Executive Officer
IHH Healthcare Berhad
“There are three ways for businesses to stay profitable, sustainable, differentiated and ahead of competition. The first way is to innovate and transform; the second way is to innovate and transform; and the third way is to innovate and transform. At Sime Darby Plantation, innovation and transformation are embedded in our culture and supported with dedicated resources and tools to achieve the desired outcome.”
- Encik Mohamad Helmy Othman Basha, Group Managing Director
Sime Darby Plantation Berhad
“CIMB Group is proud to be a part of the Public Listed Companies Transformation (PLCT) Programme. Shareholder value creation is one area CIMB emphasises heavily on, and we are confident that this initiative will accelerate the delivery of a high performing Corporate Malaysia. We look forward to contributing to this transformation journey as we collaborate together to strengthen the long-term sustainability and outperformance of our Malaysian PLCs.”
- YBhg. Dato’ Abdul Rahman Ahmad, Group Chief Executive Officer
CIMB Group
“In the relentless pursuit of financial performance through meeting customers’ needs, we can easily lose track of what investors are currently focusing on. Bursa’s PLCT Programme are just what we need to gently steer us back towards attending to the evolving needs of all stakeholders. With all public listed companies’ participation, we will create a more attractive and transparent marketplace.”
- Mr. Tan Kong Khoon, President & Chief Executive Officer
Hong Leong Financial Group Berhad
“I am excited for PDB to be a thought partner and active contributor to the PLCT Programme. The aspirations of the PLCT programme is aligned with PDB’s commitment to deliver innovative and differentiated offerings as well as solutions, which are relevant to our customers’ changing needs to fulfill our promise of “Making your everyday life simpler and better.”
- En Azrul Osman Rani, Managing Director / Chief Executive Officer
Petronas Dagangan Berhad
“TM is proud to champion the fourth pillar of Bursa Malaysia’s PLC Transformation Programme, which aims to transform Malaysian corporates into high-performing digitally-enabled entities ready for the rapid opportunities and challenges of the 4IR world. As the national connectivity and digital solutions provider, TM is ready to share our best practices in how we embrace technology to create better collaboration within the business ecosystem and deliver great customer experience at every touchpoint. We hope our ongoing transformation journey inspires other PLCs on theirs, and look forward to partner with them to help enhance competitiveness and build a future-proof business.”
- Encik Imri Mokhtar, Director & Chief Executive Officer
Telekom Malaysia Berhad
“I applaud Bursa Malaysia for spearheading this transformation programme, which I am confident will lay a strong foundation for the growth of the investment market in Malaysia and enhance the value of Corporate Malaysia as a whole. I look forward to providing our full support to the initiatives under the PLCT.”
- YBhg. Dato’ Jeffri Salim Davidson, Group Chief Executive Officer
Sime Darby Berhad
“MRCB is delighted to be a participant of Bursa Malaysia’s PLC Transformation Programme, as it aligns with our own efforts towards building greater resilience in our business and strengthening our long-term performance. The programme will also help us elevate our engagement strategies with our stakeholders, so they can be maximised.”
- Mr. Amarjit Chhina, Chief Corporate Officer
Malaysian Resources Corporation Berhad