KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has backed the continued targeted rationalisation of subsidies to further strengthen the government's fiscal position.
PNB also supports the focused promotion of new investments particularly in technology, automation and electrical and electronic (E&E) sectors and initiatives to improve living wages and labour productivity.
"PNB welcomes the Budget 2025 (Belanjawan 2025) by Prime Minister and Minister of Finance Datuk Seri Anwar Ibrahim as a progressive budget that will contribute towards the continued growth and prosperity of the nation.
"This approach not only aims to bolster our economic resilience but also promotes inclusivity and sustainable development for all citizens," it said.
PNB said it is grateful for government's support on Celik Madani to encourage savings among students as well as exemption on tax on dividends for Amanah Saham Nasional Bhd's (ASNB) funds.
"As a government-linked investment company, we reaffirm our commitment to playing a proactive role in nation-building initiatives and to work closely with the government and ensure a prosperous future for our country, driven by collaboration, innovation, and a shared vision for progress," it added.