KUALA LUMPUR, Oct 9 (Bernama) -- Permodalan Nasional Bhd (PNB) has welcomed the government’s Budget 2027 announcement to endow Yayasan Pelaburan Bumiputra with 50 acres of prime commercial land in Kuala Lumpur, to be managed by PNB.
Business : PNB Welcomes 50-acre Land Endowment To Boost Bumiputera Wealth
budget, PNB, investment, Bumiputra, Rizal Rickm
BE Bernama 
Key takeaways
PNB welcomes 50-acre land endowment for Bumiputera wealth growth and manages it to generate future profits.
- PNB received 50 acres of commercial land in Kuala Lumpur for Bumiputera wealth growth.
- PNB will preserve and reinvest the endowment to benefit unitholders.
- Entertainment duty exemption for Stadium Merdeka and Stadium Negara is welcomed.
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Related reporting
3 stories on this topic from 3 sources, oldest first.
- Free Malaysia Today Govt to provide 50 acres of KL land worth RM1bil as Bumiputera endowment
- New Straits Times PNB gets first new land endowment in over 40 years
- Bernama Business : PNB Welcomes 50-acre Land Endowment To Boost Bumiputera Wealth (this story)
