ORKIM Bhd’s initial public offering (IPO), which opened flat today, marks a major step in the Government’s GEAR-uP agenda to better align government-linked investment companies (GLICs), strengthen long-term national value creation and boost Bumiputera participation in the capital markets.

“We are seeing the GEAR-uP vision taking shape, where one capable institution passes the baton to another to build national champions,” Finance Minister II Senator Datuk Seri Amir Hamzah Azizan said.

He said that under the GEAR-uP framework, institutions such as Ekuiti Nasional Bhd (Ekuinas) and Permodalan Nasional Bhd (PNB) work together to scale high-potential companies and secure their long-term growth, ensuring economic value remains within the nation.

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