PNB commits RM4mil for flood relief aid, supporting affected communities


KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has contributed RM4 million through partnerships with several delivery partners to carry out essential relief efforts to areas that are affected by flood.

It said in a statement that the fund would be utilised to provide immediate assistance and facilitate long-term recovery for those affected by the floods such as in Kelantan (Kota Bharu, Pasir Mas, Gua Musang, Bachok, Tumpat) and Terengganu (Besut, Dungun, Hulu Terengganu).

PNB also said the fund would be used to assist the flood affected areas in Kedah (Kubang Pasu, Kota Setar), Negeri Sembilan (Tampin) and Selangor.

"The contributions are disbursed through partnerships with aid organisations that include Yayasan Ikhlas, Mercy Malaysia, Yayasan Pembangunan Ekonomi Islam Malaysia (YaPEIM) and Malaysia Relief Agency (MRA).

"It would be focused on immediately distributing food supplies such as ready to eat meals and necessities such as community tents, blankets, mattresses and hygiene kits,” it said.

Allocations will also be given for recovery initiatives such as back to school and other essential supplies to families, home repairs, and restoring healthcare services and enhancing water, sanitation, and hygiene (WASH) initiatives once the flooding recedes, PNB said.

PNB said RM900,000 of the allocation has been disbursed earlier and utilised to procure a rescue boat and other items such as school uniforms, shoes and bags for affected students, disaster emergency bags and a community upliftment programme.

"As we anticipate the continuing challenges posed by year-end floods, PNB would remain proactive in our approach and work closely with our delivery partners to ensure impactful assistance to Malaysians affected by the floods,” it said. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
PNB , Flood , Fund , Allocation

Next In Business News

CIMB commits to developing tokenised financial services
Tech jitters dent stocks before central banks take centre stage
Australia dollar suffers with stocks, kiwi underwhelmed by GDP
Oil prices jump�on Trump's Venezuela blockade
Ringgit opens near five-year high at 4.07 vs US$
FBM KLCI edges down at open as consolidation pressures remain
Trading ideas: Gamuda, Paramount, Jati Tinggi, Muhibbah, Silver Ridge, TSR Capital, Itmax, Globaltec, Prestar, Apex Healthcare, YNHP, Top Glove, Scientex, Hi Mobility
Oil rises as Trump's Venezuela blockade eases crude surplus concerns�
Farm Fresh profits to rise
High capital expenditure likely to weigh on Genting

Others Also Read