KUCHING: The Securities Commission Malaysia (SC) believes Sarawak has strong potential to further increase its participation in the national capital market, including the prospect of listing state-owned companies in the future.
Chairman Datuk Mohammad Faiz Azmi, said that discussions were held with Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg on the matter, including recent media reports regarding the possibility of Sarawak Energy being listed within the next two years.
“So we came to confirm that this is part of the plan and to see whether there are other assets in Sarawak with the potential to be listed.
“We also discussed his plans as well as other government subsidiaries that may be listed.”
Mohammad Faiz said this during a press conference after paying a courtesy visit to Abang Johari at the Satria Pertiwi Complex here today (Nov 7).
He also said that the discussions covered the financing of infrastructure projects in Sarawak, some of which have already benefited from the capital market.
“So far, the total value of the Malaysian capital market is around RM4.1 trillion, and we are now visiting various states to see whether they are interested in utilising this market more actively, either through listings or bond issuances.”
He said that the meeting also touched on the implementation of carbon levies in Sarawak and its relationship with federal policies, as well as the role of regulators like the SC.
“In many other jurisdictions, carbon credits are categorised as securities and regulated by bodies like ours. Therefore, we also discussed Sarawak’s approach on this matter.”
He further expressed admiration for the clarity of Sarawak’s development vision, which he said is consistent and based on a strong long-term plan.
Also present were SC Strategic Communications executive director Datuk Seri Abdul Jalil Hamid, chief sustainability officer Neetasha Rauf, and SC director Shahrul Amry Abd Malek.
