PNB pays out RM14.5bil in income and bonus distribution for FY2024
PNB said Amanah Saham Nasional Bhd distributed a record dividend.
PETALING JAYA : Permodalan Nasional Bhd (PNB) paid out a total of RM14.5 billion in income and bonus distribution to unitholders for its 18 fixed price funds (FP) and variable price funds (VP) for the financial year ended Dec 31, 2024 (FY2024) against RM13.3 billion in the previous year.
In a statement today, the fund management company attributed the strong performance to positive macroeconomic and capital market environment and its continued asset diversification strategy, saying that its net income rose 30.2% to RM16.97 billion from RM13.04 billion.
The cumulative income distribution paid out in FY2024 amounted to RM263.7 billion compared with RM249.2 billion in FY2023.
PNB said the number of unique account holders and total number of accounts expanded to a record high of 13.1 million and 16.2 million, respectively, while total assets under management (AUM) recovered and have reached RM348.3 billion, up from RM337 billion in 2023.
PNB group chairman Raja Arshad Raja Tun Uda said Amanah Saham Nasional Bhd (ASNB) distributed a record dividend, with Amanah Saham Bumiputra (ASB) distributing a total income of 5.75 sen – the highest over the last five years.
'All our 18 FP and VP outperformed their benchmarks, with 11 out of 12 of our VP funds ranked in the top or second quartile among their respective peer groups,' he said in the statement.
On the outlook, president and group chief executive Abdul Rahman Ahmad said that given recent geopolitical developments and fundamental shifts in US trade policies, PNB recognises the need to be realistic about the highly uncertain and volatile macroeconomic and capital markets in the year ahead.
'Our focus remains in sustaining the performance of our funds through a continued asset diversification strategy as we fulfil our commitment of delivering consistent, competitive returns to our unitholders,' he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
36 minutes ago
- Malay Mail
June 2025 Market Outlook: Essential Economic and Geopolitical Events for Traders by Octa Broker
central bank rate decisions inflation and employment reports Gross Domestic Product (GDP) estimates and growth outlooks high-level summits with potential for market-moving headlines. June 4: Bank of Canada (BoC) interest rate decision June 5: European Central Bank (ECB) rate decision June 6: U.S. Non-Farm Payrolls June 11: U.S. Consumer Price Index (CPI) June 15–17: Group-7 (G7) Summit June 17: Bank of Japan (BoJ) rate decision June 18: Federal Reserve (Fed) rate decision—includes Economic Projections and the Dot Plot June 19: Swiss National Bank (SNB) rate decision June 19: Bank of England (BoE) rate decision June 20: People's Bank of China (PBoC) rate decision June 24–25: North Atlantic Treaty Organisation (NATO) Summit June 26–27: European Council Summit June 27: U.S. Personal Consumption Expenditure (PCE) Price Index June 30: German CPI r t KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 2 June 2025 - June 2025 is shaping up to be one of the most eventful months of the year for global markets. For traders, this means opportunity—but also volatility. The economic calendar is packed with macroeconomic data releases and central bank meetings, while geopolitical risks remain close to the the usual inflation prints and interest rate decisions, markets will also have to digest key developments around global diplomacy: the NATO and G7 summits, peace negotiations in Eastern Europe, U.S. trade talks with China and the European Union, as well as debates around nuclear policy in the Middle East. Add to this the lingering fiscal tensions in Washington , and it's clear that June won't be business as usual. Octa Broker explains why the economic calendar is worth monitoring and what events to watch out for in June traders, the economic calendar is more than a schedule—it's a risk map. It flags:These events affect not just macro sentiment but also short-term liquidity and intraday volatility. And when several collide—as they will in June—market reactions tend to be sharper, faster, and harder to fade. Anticipating such events in advance allows traders to capitalise on potential opportunities and adjust risk management—some even avoid trading during are some major events to follow in June:June is shaping up to be an eventful month for currencies and rate-sensitive assets, with seven major central bank meetings scheduled—the BoC, BoE, BoJ, ECB, Fed, SNB, and PBoC. Traders can anticipate heightened volatility not only in the major USD-based pairs but also in equity indices, individual stocks, and commodities. June's Federal Reserve meeting is particularly important, accompanied by updated Economic Projections and the Dot Plot—forward-looking instruments via which markets infer future rate trajectories. Surprises can unleash dramatic repricing in Treasury yields, gold, and risk paths remain divergent. In the U.S., core CPI slowed to 2.3% YoY , potentially softening the Fed's stance. Meanwhile, ECB officials appear divided: Klaas Knot said inflation risks remain uncertain, while Pierre Wunsch hinted that rates could fall below 2%. This split supports tactical positioning in EUR/USD and EUR/GBP, particularly around central bank summits aren't ceremonial. The G7 Summit will cover trade security and energy cooperation, while the NATO meeting will focus on defence spending and alliance posture. Any hawkish statements or surprises around Ukraine, China, or the Middle East could move commodity markets—particularly, oil and gold—and affect defence-sector Treasury yields, recently breaching 5.0% on 20-year note, are fueling concern over U.S. fiscal policy. As Moody's warned , the sustainability of U.S. debt is becoming a market risk. Traders should watch for safe-haven rotation into gold, Bitcoin, Swiss franc (CHF), and the Japanese yen (JPY). Japan, however, is facing debt troubles of its own, as yields on 30-year bonds recently climbed to multi-decade highs, prompting calls to BoJ to either increase bond buying or halt its plans to gradually reduce such purchases. Either way, traders should keep a close eye on both the U.S. and the Japanese bond May U.S.-China joint statement hinted at easing tensions—but markets remain are still several critical obstacles to a comprehensive trade agreement between the parties. For example, on May 12th, China's Ministry of Commerce strengthened control over strategic mineral exports, on which the U.S. is highly dependent. Other critical sticking points include technology transfer issues and Artificial Intelligence (AI), as China's growing semiconductor self-sufficiency efforts are not particularly favoured in Washington. Furthermore, there is still uncertainty as to whether any meaningful progress in trade talks between the U.S. and EU can be achieved in June. Although the parties agreed to fast-track the negotiations , some business leaders are won't be a month for passive positioning. With central banks sending mixed signals, inflation data diverging, and global diplomacy back on the front pages, traders will have to juggle more than just is the kind of environment where preparation matters more than prediction. Knowing when the Fed drops its Dot Plot is as important as watching where oil prices go after a NATO statement. With overlapping narratives and rising volatility, it's not about calling the top or bottom—it's about managing risk around known catalysts and staying nimble when the unknowns #octa The issuer is solely responsible for the content of this announcement. Octa Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools. The company is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects to support local communities. In Southeast Asia, Octa received the 'Best Trading Platform Malaysia 2024' and the 'Most Reliable Broker Asia 2023' awards from Brands and Business Magazine and International Global Forex Awards, respectively.
Malay Mail
44 minutes ago
- Malay Mail
Tangkak pensioner transfers RM108,520 to scammers posing as police and MCMC officers
TANGKAK, June 2 — A 58-year-old female pensioner lost RM108,520 to a scam syndicate. Tangkak police chief Supt Roslan Mohd Talib said the woman claimed it all started on May 9 when she was contacted by two men, one of them claiming to be an officer from the Communications and Multimedia Commission and the other, who claimed to be a police officer. He said the woman was told that she was wanted in a fraud case involving investments and non-existent loans, and to transfer the money in her account to a given bank account to facilitate investigations of the case. 'The woman did as was told and transferred her money, in 16 transactions, to two given bank accounts, suspected to be ' mule accounts,'' he said in a statement today. Roslan said the woman lodged a police report yesterday, and the case is being investigated under Section 420 of the Penal Code. He also advised the public who are victims of fraud to immediately contact the National Scam Response Centre (NSRC) at 997 as an initial action to block the outflow of money from the suspect's account. — Bernama
Malay Mail
2 hours ago
- Malay Mail
Airlines hit turbulence: IATA cuts 2025 outlook amid global headwinds
NEW DELHI, June 2 — Airlines on Monday revised down their traffic and profit forecasts for 2025, citing 'headwinds' for the global economy. The International Air Transport Association (IATA) estimates fewer than five billion air journeys will take place this year, compared with the previously forecast 5.22 billion. 'The first half of 2025 has brought significant uncertainties to global markets,' Willie Walsh, IATA's Director General, told its annual general meeting in New Delhi. But he added: 'Considering the headwinds, it's a strong result that demonstrates the resilience that airlines have worked hard to fortify.' Cumulative airline profits will reach US$36 billion (RM153 billion) this year, US$600 million less than expected, IATA said. Commercial aviation revenues are expected to remain below the US$1 trillion forecast in the previous December projections, with IATA now reporting US$979 billion. Walsh, addressing IATA delegates, called for the aviation sector to be spared from increased tariffs — though he did not name US President Donald Trump, who launched a trade war in early April. While looking at profits, Walsh warned that 'perspective is critical' to put industry-wide figures into context, saying that per passenger, it was still a narrow margin. 'It's still a thin buffer and any new tax, increase in airport or navigation charge, demand shock or costly regulation will quickly put the industry's resilience to the test,' he said. 'Policymakers who rely on airlines as the core of a value chain that employs 86.5 million people and supports 3.9 percent of global economic activity, must keep this clearly in focus.' The organisation also expects 69 million tonnes of cargo to be transported by air this year, down from the 72.5 million previously expected. — AFP
