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Step Up Economic Activities In Sabah, Najib Tells PNB Subsidiaries

By Friday April 20th, 2012 No Comments

KOTA KINABALU, April 20 (Bernama) — Datuk Seri Najib Tun Razak has asked companies under Permodalan Nasional Bhd (PNB)’s stable to step up economic activities in Sabah to cash in on the investment opportunities available in the state.

He said vast investment potential has been identified by the National Key Economic Areas including downstream oil palm activities, to explore seaweed development, mini-estates and tourism.

“In this way, we can ensure national economic reforms is not concentrated in one area but is diversified to cover every region in the country.

“The balanced development policy is of no less importance in the country including Sabah which is an important state and “we want Sabahans to reap immense benefits through the efforts made by the present government,” said the prime minister when launching the 2012 Malaysia Unit Trust Week.

Najib, who is also Finance Minister, was proud that the PNB group’s large-scale subsidiaries have been able to invest throughout the country.

He said PNB has turned into an institution that has become the country’s largest fund manager to spearhead Malaysia’s economic growth and a yardstick for success.

“Sabah, the land below the wind, is also fifth on the list of states that has invested in PNB’s unit trust schemes,” he added.

The nine-day Malaysia Unit Trust Week, organised by PNB, is also participated by heavyweights like Malayan Banking Bhd, Sime Darby Bhd, I&P Group Sdn Bhd, UMW Holdings, Chemical Company of Malaysia Bhd, Malaysian Industrial Development Finance Bhd and Perodua.

Source : Bernama

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