PNB declares strong dividend for ASB unit holders

MONDAY, JUNE 27: KUALA LUMPUR- Permodalan Nasional Bhd to hold press conference on income distribution on ASD & ASN at Theatrette, Level 2, Menara PNB, Kuala Lumpur at 1215 (0415 GMT); KUALA LUMPUR- Prime Minister Najib Tun Razak attends Dialogue with Career Comeback Women at Special Meeting Room 1, Level 3, Prime Minister's Office at 1530 (0730 GMT) KUALA LUMPUR- Minister of International Trade and Industry Mustapa Mohamed to grace Scope International's 15th anniversary celebration at Wisma Scope International, No. 2 Jln Teknologi Malaysia, Bukit Jalil, Kuala Lumpur at 0900 (0100 GMT)

The restructuring in several PNB main investment companies has started to bear fruit.

Group chairman Tan Sri Abdul Wahid Omar says the restructuring exercises have helped the fund to outperform the broader stock market. The largest fund management firm in the country saw a 7.1% increase in net income to RM15.4bil during the first 11 months of the year, which allowed it to boost returns for its flagship fund Amanah Saham Bumiputera (ASB) to a three-year high.