PNB to focus on niche areas to deliver mandate on affordable houses
Published on: Thursday, August 18, 2016
Putra Jaya: Leading asset manager Permodalan Nasional Bhd (PNB) will focus on niche areas in collaboration with the government in its strive to deliver its mandate on affordable houses, Chairman Tan Sri Abdul Wahid Omar said. "We have several property development projects in the country under our roof. "I think it is about mobilising the resources and putting them into the provision of affordable homes and this will be done on an ad-hoc basis," he told reporters when asked on the recent mandates given to PNB by the government.
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He was met after a luncheon talk titled 'Transforming Nations Through Creativity and Innovation', which was held in conjunction with the 2016 International Conference on Blue Ocean Strategy (ICBOS) at the Putrajaya International Convention Centre here Wednesday. Abdul Wahid, who was former minister in the Prime Minister's Department, was given three mandates upon assuming PNB chairmanship on Aug 1, replacing Tan Sri Ahmad Sarji Abdul Hamid. Abdul Wahid was tasked with improving the corporate performance of the group and its group companies; enhancing Bumiputera participation in business and corporate sector; and supporting the government in providing more affordable homes for Malaysians. Stay up-to-date by following Daily Express’s Telegram channel.
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He said even though there were numerous schemes to cater to affordable housing needs, there were still some gaps. – Bernama
