PNB pledges to improve further

by **hlk** Tue 11 Sep 2012, 08:16

JULAU: Permodalan Nasional Bhd (PNB),
the country’s biggest fund management company, and its group of
companies will continue to strengthen efforts to improve their
financial performances.
Amanah Saham Nasional Bhd (ASNB) executive director Datuk Idris Kechot said this was extremely necessary although it had achieved many successes.
“PNB,
the parent body of ASNB, is now facing numerous challenges ... from
increasing competition to the very volatile global economic
conditions,” he said at ASNB 360 Days Investment Seminar held yesterday.
The text of his speech was read by Mohd Ridza Yahya, ASNB deputy vice-president (marketing and branch operation department).
Information Communications and Culture Deputy Minister Datuk Joseph Salang, who is also Julau member of parliament, officiated the function.
Idris also said funds amassed from over 10 million account holders had allowed PNB to invest in over 200 companies.
These
included having controlling shares in some of the country’s biggest
financial institutions, corporations and conglomerates with very
strategic importance such as Malayan Banking Bhd, Sime Darby Bhd, I&P Group, UMW Holdings Bhd, NCB Holdings Bhd, Chemical Co of Malaysia and others which had aided in the country economic progress, he said. – Bernama
He
gave assurance PNB would continue to prudently manage the people’s
funds so that it could pay them consistent dividends every year even in
a lacklustre economic situation.
“Likewise, we also want to show
that the nine different trust schemes set up by PNB are good
alternatives for the people to save and to invest,” he added. – Bernama
On its part, he said ASNB too had now introduced online services for them through maybank2u, CIMB clicks, rhbonline and affinonline.
On
the seminar, he said it was to educate and enhance public understanding
on investment, especially the relationship between risks and returns.
He
added since its introduction in 2008, it had been held in almost every
district nationwide and had attracted more than 250,000 participants.
PNB, Idris added, had also formed PNB Smart Investment Clubs in 104 selected schools nationwide. – Bernama