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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!