PNB, PHB Must Double Efforts To Boost Bumiputera Investment Literacy -- PM Anwar
KUALA LUMPUR, June 23 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has stressed that Permodalan Nasional Bhd (PNB) and Pelaburan Hartanah Bhd (PHB) must double their efforts to raise investment literacy among the public, especially the Bumiputera community.
Anwar, who is also the finance minister, said Perbadanan Usahawan Nasional Berhad (PUNB) must remain committed to empowering Bumiputera entrepreneurs through access to financing and support in enhancing business capacity and capabilities.
"I stress that all government-linked agencies and companies entrusted with the Bumiputera development mandate must continue to be the drivers of policy and key implementers of government initiatives, particularly through the Bumiputera Economic Transformation Plan (PuTERA35), which has already been launched," he said in a post on X today.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
30 minutes ago
- The Sun
Works Ministry ballot boosts Bumiputera contractors' standards
KUCHING: The ballot draw programme for G1 to G4 contractors, introduced by the Works Ministry since 2020, has raised the standards, capabilities, competitiveness and marketability of Bumiputera contractors. Works Minister Datuk Seri Alexander Nanta Linggi said good procedures would yield good outcomes, and the initiative will be continued with improvements from year to year. 'The ballot draw process is a transparent and fair mechanism to select contractors from among qualified and competent companies with strong track records. 'This reflects the MADANI government's ongoing commitment through the MADANI pillars of Sustainability, Innovation and Trust in empowering and strengthening the local Bumiputera contractor economy,' he said at the ballot draw ceremony for the 2025 Federal Road Periodic Maintenance Contract in Sarawak for G1-G4 contractors here today. Nanta said the awarding of contracts was not merely about executing work, but a trust that requires strong commitment to ensure road maintenance is carried out according to specifications, for the safety of road users. He said contractors must ensure good and systematic contract management with a clear understanding of contract contents, including work specifications, implementation schedules and reporting requirements. 'Secondly, practise efficient work and resource management. This includes well-structured work scheduling, effective workforce management, and optimal use of resources such as machinery and raw materials. 'And thirdly, prioritise sound financial management. Many contractors in the construction and maintenance sector face problems due to weaknesses in project and financial management,' he said. Nanta said failure by contractors to fulfil their responsibilities could result in the public bearing the consequences, especially due to poorly maintained roads that do not meet contractual specifications.

Barnama
33 minutes ago
- Barnama
Rubber Market Ends Lower On Weak Regional Cues, Middle East Tensions
She noted that market sentiment was further dampened by the global economic uncertainty stemming from the escalating conflict in the Middle East, mixed benchmark crude oil prices, and weak Chinese economic data. KUALA LUMPUR, June 23 (Bernama) -- The Malaysian rubber market ended lower today, weighed down by weaker cues from regional rubber markets, said a dealer. 'Asian stocks fell on Monday as risk appetite was battered by the United States' (US) attack on Iran's nuclear sites over the weekend, marking a potentially dire escalation in the Middle Eastern conflict,' she told Bernama. She added that Brent crude oil prices rose sharply in early Asian Trade on Monday, as the US strike heightened fears of supply disruption, although crude pared some of its early gains later in the day. On another note, China's Fiscal revenue fell 0.3 per cent year-on-year in the first five months of 2025, amid mounting economic pressure from US tariffs and global trade uncertainties.

Barnama
33 minutes ago
- Barnama
KLCI Futures Lower In Early Trade
KUALA LUMPUR, June 23 (Bernama) -- FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives were lower in early trade on Monday, tracking the underlying cash market. At 9.28 am, the June 2025 and July 2025 contracts dropped 8.0 points to 1,488.0 and 1,486.0, respectively. September edged 7.0 points lower to 1,468.0, and December 2025 fell 9.5 points to 1,470.50. Turnover stood at 3,423 lots, with open interest at 40,823 contracts.