Latest news with #PermodalanNasionalBhd
Barnama
4 days ago
- Business
- Barnama
PNB Targets 10,000 Volunteer Hours To Foster Culture Of Service
GENERAL KUALA LUMPUR, 27 May (Bernama) -- Permodalan Nasional Bhd (PNB) is aiming to clock 10,000 hours of volunteer work in 2025 through activities such as tree planting, community clean-ups and environmental awareness programmes, in a bid to advance sustainability and social responsibility. PNB Group chief operating officer Muzzaffar Othman said the target reflects the firm's continued commitment to creating positive social impact and strengthening a culture of volunteerism within the organisation. 'More than 500 PNB volunteers from various locations were brought together for the launch of the 2025 PNB Signature Volunteerism Day,' he said in a statement. PNB recorded nearly 2,000 volunteer hours last year, contributed by 370 staff across various initiatives, and is now setting a higher target to build on that momentum, he added. Muzzaffar was speaking at the PNB Signature Volunteerism Day event held recently at the Kuala Selangor Nature Park, a 2,400-acre protected reserve known for its biodiversity and conservation efforts. The programme was held in collaboration with the Malaysian Nature Society, supported by the park, the Selangor State Forestry Department, the Department of Wildlife and National Parks, the Kuala Selangor Municipal Council and the local community. Volunteer activities were also carried out simultaneously at Amanah Saham Nasional Bhd (ASNB) branches in Melaka, Negeri Sembilan (Seremban), Perak (Ipoh), Johor Bahru (Batu Pahat), Pasir Puteh and Kota Bharu in Kelantan, as well as Bintulu, Sarawak. The initiative is part of the group's wider strategy under the PNB Volunteerism Framework, launched in March 2024, which aims to promote inclusive participation and meaningful contribution among staff. PNB has also rolled out a Social Investment Framework (SIF) to support projects in education, health, community development and environmental conservation, in line with its mission to strengthen the financial standing of Malaysians across generations.
New Straits Times
19-05-2025
- Business
- New Straits Times
Malaysia asset manager PNB remains optimistic on the ringgit
SINGAPORE: Malaysia's largest asset manager, Permodalan Nasional Bhd (PNB), remains optimistic about the ringgit despite uncertainty over whether the recent strengthening of Asian currencies against the US dollar is a transient or a more fundamental trend. In a statement to Reuters, PNB said its optimism is based on the "solid fundamentals" of Malaysia's economy, underpinned by increasing investment activity and policy reforms aimed at improving fiscal sustainability. Nonetheless, PNB said the US dollar remains the world's reserve and trading currency. This year's economic uncertainty and market volatility driven by a shift in US trade policy have buffeted exchange rates. "We remain vigilant of the currency trends but are confident that we are able to navigate the fluctuations through our risk management and hedging framework," PNB said. It added that its portfolio is diversified but skewed towards domestic investments, with global assets, mainly in US dollars, representing only 24 per cent of the total.
New Straits Times
19-05-2025
- Business
- New Straits Times
PNB issues integrated report, gives out record RM14.5bil in income and bonus distribution
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has delivered a record income and bonus distribution of RM14.5 billion to unitholders across its 18 fixed price (FP) and variable price (VP) funds in 2024. The record performance, the company said, was driven by a positive macroeconomic and capital market environment, along with its continued asset diversification strategy. As a result, its total group net income rose 30.2 per cent, from RM13.04 billion to RM16.97 billion, PNB said its Integrated Report for the year ended Dec 31, 2024 (IR2024) issued today. The report is aimed at providing greater reporting standards and assurance, as well as broadened ESG disclosures. This is in line with its commitment for transparency, sustainable value creation, and alignment with global best practices, the fund said. PNB said it continues to be the preferred asset management company of choice trusted by all Malaysians, with 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. Consequently, total asset under management (AUM) recovered to RM348.3 billion, up from RM337.0 billion in 2023. Group chairman Raja Tan Sri Arshad Raja Tun Uda said PNB is pleased with the strong performance it achieved in 2024. "Amanah Saham Nasional Bhd (ASNB) distributed a record dividend, benefitting all Malaysians with our flagship fund, 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. "This performance positively reflects the long-term resilience of PNB in delivering its purpose to uplift the financial lives of Malaysians across generation," he said in a statement today. Moving into 2025, PNB president and group chief executive Datuk Abdul Rahman Ahmad said given the recent geo-political development and fundamental shift in US trade policies, the fund recognised it has to be realistic that the macroeconomic and capital markets will be highly uncertain and volatile for the year ahead. He said to navigate these challenges, PNB will remain steadfast in executing the strategic initiatives across the six pillars that we have developed under the company's LEAP 6 Strategic Plan. "Our focus remains in sustaining the performance of our funds through continued asset diversification strategy as we fulfil our commitment of delivering consistent, competitive returns to our unitholders. "A more pressing challenge now is to get Malaysians to save more and invest with ASNB given shifting spending habits, coupled with pressure on net disposable income, have lowered the propensity of Malaysians to save voluntarily compared to five or 10 years ago. "However, we are optimistic that we can address this by strengthening our sales and distribution capabilities, supported by product innovation, financial literacy programmes, and an expanded distribution platform," he noted. According to PNB, the IR for 2024 provided a wider breath of information that reflects the progress of the company over the past year. This includes PNB's latest initiatives, including the LEAP 6 Strategic Plan that established the target to grow AUM to RM400 billion by 2027, the rebranding of ASNB to re-energise efforts to attract the younger generation, together with the launch of Robo Investment Advisor and 'Celik Madani', as part of ASNB's aggressive strategy to expand the savings of Malaysians. The report also highlighted the substantial progress PNB is making in advancing its sustainability agenda, especially in achieving net-zero emissions at both the enterprise and portfolio levels and advancing the minimum living wage agenda across corporate Malaysia.
The Star
07-05-2025
- Business
- The Star
PNB reconsiders exchangeable bond sale plan
It would be PNB's first exchangeable bond sale. KUALA LUMPUR: Malaysia's Permodalan Nasional Bhd (PNB) is considering reviving an exchangeable bond sale that it had explored six years ago to raise funds to expand overseas, people with knowledge of the matter said. State-owned PNB is working with financial advisers on the potential offering of exchangeable bonds, which are notes backed by shares in a listed company, according to the people, who asked not to be identified because the process is private. It would be PNB's first exchangeable bond sale, they said. PNB is still deliberating and hasn't decided on the underlying stock or size and timing of a sale, the people said. In response to a Bloomberg News query on the matter, PNB said it continuously evaluates options as part of an asset diversification strategy aimed at delivering sustainable returns. PNB had RM347bil assets under management as of Dec 24. Its investments include stakes in Malayan Banking Bhd , conglomerate Sime Darby Bhd and developer SP Setia Bhd . PNB also has holdings in Axiata Group Bhd , CIMB Group Holdings Bhd and Telekom Malaysia Bhd , among others. PNB explored an exchangeable bond sale in 2019, Bloomberg reported, but a change in leadership and the Covid pandemic put the brakes on that plan. — Bloomberg
Free Malaysia Today
07-05-2025
- Business
- Free Malaysia Today
Malaysia's biggest state fund revives exchangeable bond sale plan
Permodalan Nasional Bhd had RM347 billion in assets under management as of Dec 24. KUALA LUMPUR : Permodalan Nasional Bhd (PNB) is considering reviving an exchangeable bond sale that it had explored six years ago to raise funds to expand overseas, people with knowledge of the matter said. State-owned PNB is working with financial advisers on the potential offering of exchangeable bonds, which are notes backed by shares in a listed company, according to the people, who asked not to be identified because the process is private. 'It would be PNB's first exchangeable bond sale,' they said. 'PNB is still deliberating and hasn't decided on the underlying stock or size and timing of a sale,' the people said. In response to a Bloomberg News query on the matter, PNB said it continuously evaluates options as part of an asset diversification strategy aimed at delivering sustainable returns. PNB had RM347 billion (US$82 billion) assets under management as of Dec 24. Its investments include stakes in Malayan Banking Bhd, conglomerate Sime Darby Bhd and developer SP Setia Bhd. PNB also has holdings in Axiata Group Bhd, CIMB Group Holdings Bhd and Telekom Malaysia Bhd, among others. PNB explored an exchangeable bond sale in 2019, Bloomberg reported, but a change in leadership and the Covid pandemic put the brakes on that plan.
