Saturday, October 19

PNB to continue building resilient portfolios

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Zeti pointed out that having a diversified portfolio was a great strategy for organisations to build resilience since if one segment faced difficulties, another segment might be doing well and so on. — Bernama photo

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) will continue to build resilience and buffer in its portfolios, especially when the environment is stable, to enable it to withstand any great upheaval that can happen in the future.

Group chairman Tan Sri Dr Zeti Akhtar Aziz said risk management was becoming very important for businesses as the environment in the future would be very different and more challenging because it was highly unstable, more complex, more interconnected and very disruptive.

“You have to be aware of what risks are present in your environment, (for you to) manage and mitigate them. If you do so, it will allow you the potential for sustainability.

“When times are good we should build buffers, and when times are difficult we can rely on those reserves that were built so that you can withstand and ride out those challenging periods,” she told reporters in response to a question on PNB’s vision for the next 40 years.

Zeti pointed out that having a diversified portfolio was a great strategy for organisations to build resilience since if one segment faced difficulties, another segment might be doing well and so on.

The PNB Group Chairman was officiating the launch of the group’s first comprehensive corporate biography “In Trust: A History of PNB” in conjunction with its 40th anniversary.

The biography documents the birth of PNB as an instrument under the New Economic Policy aimed at addressing Malaysia’s social imbalance in the 1970s and its evolution through four decades to become the largest fund management company in Malaysia.

Priced at RM150 for hard cover and RM120 for soft cover, the book will be available nationwide at major bookstores and online, via MPH Online store, from Dec 10, 2018. — Bernama