The Malaysian Association of Corporate Treasurers (MACT) was established in 1996 by its founding members including MISC Berhad, Sime Darby Berhad, Tenaga Nasional Berhad, Telekom Malaysia, Malaysia Airline System (MAS) and the Axiata Group (erstwhile Celcom).

During its formative years, MACT, with its strength of 48 corporate members, and 110 individual members, was affiliated to the International Group of Treasury Associations (IGTA). It engaged in routine interaction with sister associations in Singapore, Australia, France and Hong Kong, and also participated in the Annual IGTA Conference.

Some of its activities during its formative years encompassed holding round table forums, hosting training skill sessions for incumbent members and knowledge exchange through similar sessions hosted by treasury associations of other countries, while also engaging with Bank Negara Malaysia and the Ministry of Finance (MoF), as well as participating in the annual budget dialogue and International Group of Treasury Association (IGTA) conferences.

The MACT has now been reactivated through the initiative of corporate treasurers of major companies in Malaysia.