PNB takes long-term view on returns


PNB Group Chairman Tan Sri Dr. Zeti Aziz (left) and president and group chief executive Jalil Rasheed holding PNB's Annual Report 2019 at the virtual launch of PNB's Strategic Plan 2020 - 2022

PETALING JAYA: Permodalan Nasional Bhd (PNB) is expecting lower income for this year as businesses and households are hit by the economic fallout from the coronavirus (Covid-19) pandemic.

PNB president and group chief executive Jalil Rasheed said that despite the challenging environment, PNB is targeting to distribute “competitive” annual returns to its shareholders, which should be higher than the fixed deposit rate.

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