PNB extends over RM23mil in donations, relief in light of Covid-19

PNB Group chairman, Tan Sri Dr Zeti Aziz said: "The Ministry of Health (MOH) and all healthcare front liners have the most critical role and it is PNB’s honour to be able to provide support in the form of vital medical equipment and financial assistance."

KUALA LUMPUR: Permodalan Nasional Bhd has announced that it has extended over RM23mil in donations and financial relief amid the ongoing Covid-19 pandemic.

"During times such as this when we must all stand together to collectively curtail the spread of Covid-19, PNB is dedicated to lending a hand in whatever way we can.

"The Ministry of Health (MOH) and all healthcare front liners have the most critical role and it is PNB’s honour to be able to provide support in the form of vital medical equipment and financial assistance," said PNB group chairman Tan Sri Zeti Aziz in a statement.

The state fund manager has provided financial support to government-linked companies and government-linked investment companies disaster response network (GDRN) as well as the crisis preparedness and response centre (CPRC) and zakat institutions.

In addition, PNB Is also providing a rental waiver for all SME tenants in PNB-owned properties.

It added that its major investee companies including Maybank, Sime Darby, Sime Darby Plantation, Sime Darby Property, UMW Holdings, SP Setia, Sapura Energy, Duopharma Biotech, MIDF and others have undertaken wide-ranging initiatives ranging from financial aid to donations-in-kind and contributions to Covid-19 funds as well as sponsorship of medical equipment and supplies.

PNB’s contributions include the following:

Donations to MOH

⦁ Four intensive care ventilators worth a total of RM637,560 to treat Covid-19 patients;

⦁ RM3.1mil to the Institute for Medical Research (IMR) under MOH to upgrade diagnostic testing services;

⦁ RM70,180 to the CPRC to finance the cost of essential equipment needed in containing the spread of Covid-19;

⦁ RM1.97mil to the Department of Medical Social Work, to be distributed to 21 hospitals across the country identified by MOH to provide further support to the front liners;

⦁ RM3.5mil to the same department to be channelled to 41 hospitals throughout the nation, to provide immediate financial assistance to underprivileged patients;

⦁ RM2.3mil to the GDRN, which will go towards assisting MOH to purchase medical supplies, personal protective equipment and other requirements; and

⦁ A contribution of RM11.2mil earlier in the year to assist MOH in the purchasing of medical equipment and financing of upgrading works at 23 hospitals around the country, to contribute towards strengthening the country’s health services in the current situation.

Donations to other organisations

⦁ In support of recently launched initiatives by zakat institutions to assist small business owners, a total of RM800,000 was donated to Pusat Pungutan Zakat-MAIWP. A first tranche of RM300,000 was distributed to some 600 entrepreneurs in Wilayah Persekutuan, and a second allocation of RM500,000 was provided for those facing similar hardships around the country, including B40 households and daily wage earners impacted by loss of income.

Other support

⦁ PNB’s hospitality arm, Attana Hotels & Resorts Sdn Bhd, distributed food to front liners at Hospital Sungai Buloh, a non-governmental organisation (NGO) - OKU Sentral, as well as to uniformed bodies, in appreciation of their committed and dedicated efforts and to help boost morale.

⦁ In line with the Government’s stimulus package to aid small and medium enterprises (SMEs), PNB will be providing a three-month rental waiver to approximately 500 SME businesses which are currently tenants in PNB-owned properties, as well as a rental waiver to all tenants for the duration of the Movement Control Order.
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