ALL government-linked companies have been asked to emulate Permodalan Nasional Bhd (PNB) in achieving a successful yet cost-saving business management model.
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said in fact, all companies in the country should also follow suit because PNB’s management policies had been at the core in becoming a leading corporate conglomerate over the past three decades.
“What impresses me the most is that, although their investment portfolios have grown extensively, PNB has made it their policy not to employ additional staff,” he said when opening the pre-launch programme of PNB’s unit trust week in Bagan Datoh recently.
“This means that they have taken the most efficient cost-saving method by bearing the additional workload,” he added
By doing this, Dr Ahmad Zahid said, there were also no “dirty hands or skeletons in the cupboards” involving people outside of the company in their business management.
“This is extremely commendable, especially since they had started 38 years ago with a seed capital of only RM200mil.
Recollecting his seven years of service at PNB in the late 1970s, Dr Ahmad Zahid said he also learned that good time management was another contributing factor to the company’s success.
“I had learned a lot from the modern ways of business management and strategy planning practised by the company.
“I believe it is because of this that they are able to build their iconic office building,” he said, referring to the 118-storey Merdeka PNB118 under the recently launched Warisan Merdeka project.
It is set to be the fifth highest structure in the world when completed in 2020.