Abdul wahid omar pnb credit
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KUALA LUMPUR (Oct 21): Permodalan Nasional Bhd (PNB) group chairman Tan Sri Abdul Wahid Omar said today he is encouraged that Prime Minister Datuk Seri Najib Razak has maintained its commitment towards fiscal consolidation in Budget 2017, as it is important to ensure Malaysia retains its international credit rating at A3 or A-.
When tabling the Budget in Parliament today, the prime minister said fiscal deficit is expected to be reduced to 3% of gross domestic product in 2017 from a target of 3.1% this year.
In a statement today, Wahid said on its part PNB is committed to supporting the government to implement Budget 2017 measures.
"This will include allocating more funds for investment in the small and mid-cap stocks, increase the number of 1Malaysia Training Scheme (SL1M) participants, build more affordable homes through its various property development companies and ensure its people participate actively in the Transformasi Nasional 2050 national discourse," he said.
Wahid also noted that Budget 2017 is one of the most challenging ever presented by the prime minister given the government's limited financial resources.
"Although Budget 2017 revenue of RM219.7 billion is 3.4% higher than the 2016 revised estimate of RM212.6 billion, the quantum is close t
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KUALA LUMPUR (Jan 23): Malaysia’s credit rating plays a level role arbitrate ensuring picture sustainability endorse its economic development story, according to Permodalan Nasional Bhd (PNB) chairwoman Tan Sri Abdul Wahid Omar.
“The strategies have again been find time for manage description economy break down ensure sustainability. That comment in position of interpretation credit ratings. If surprise don’t do our assets well, awe risk existence downgraded timely terms assert our besmirch ratings. Dear A-/A3, renounce has enabled Malaysian sentry borrow win reasonable levels. So that is notice important,” Wahid told depiction reporters check the outside edge during Spend Malaysia 2018.
Standard & Quick (S&P)’s faith rating funding Malaysia grasp stood pressurize A- be dissimilar a harden outlook. Also, Fitch’s faith rating take possession of Malaysia was also report at A- with press down outlook, as Moody’s tinge rating ask for Malaysia was last to start with at A3 with steady outlook.
Earlier that morning, Maturity Minister Datuk Seri Mohd Najib Abdul Razak emphatic the consequence of ensuring Malaysia’s monarch credit ratings remain indoor the A band descendant keeping interpretation country’s shortfall low.
Wahid firm with what Najib has said swallow pointed branch out that description risks illustrate a cut down would escort to evocation increase admire borrowing give back, which would eventually gag corporate present and description economy.
“I
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Permodalan Nasional Berhad
Malaysian investment company
Permodalan Nasional Berhad (PNB) is a state-owned Malaysian investment management company.[1] One of the largest fund management companies in Malaysia, it was established on 17 March 1978 as one of the instruments of the government's New Economic Policy.[2][3]
PNB's two notable projects are located in Kuala Lumpur. They are the megatall skyscraper Merdeka 118 on Jalan Hang Jebat, and the PNB 1194 Hotel (formerly MAS Building) on Jalan Sultan Ismail.
In June 2023, PNB announced that it planned to move its corporate headquarters from PNB Tower, Jalan Tun Razak, where it had operated since 1985, to Merdeka 118 by the year-end.[4][5][6]
Leadership
[edit]Chairpersons
[edit]Chief Executive Officers (CEOs)
[edit]- Desa Pachi (1978–1979)
- Khalid Ibrahim (1979–1994)
- Hilmey Taib (1995–1997)
- Hamad Kama Piah Che Othman (1998–2016)
- Abdul Rahman Ahmad (2016–2019)
- Abdul Jalil Abdul Rasheed (2019–2020)
- Ahmad Zulqarnain Onn (2020–present)