Not the right time for PNB to invest abroad, value of RM weak

Tan Sri Abdul Wahid Omar: "The time is not right for Permodalan Nasional Bhd (PNB) to invest abroad considering the ringgit is weak compared with its true value."

KUALA LUMPUR: The time is not right for Permodalan Nasional Bhd (PNB) to invest abroad considering the ringgit is weak compared with its true value, according to chairman Tan Sri Abdul Wahid Omar.

Despite forecast of an interest rate hike in the United States and that more investments would shift to the United States, he said PNB would still take an opportunistic approach towards it.