PNB to invest RM1 billion overseas

KUALA LUMPUR, Sept 6 (Bernama) -- Permodalan Nasional Bhd (PNB) plans to invest more than RM1 billion in overseas markets this year, its president and chief executive officer Tan Sri Hamad Kama Piah Che Othman said Thursday."We target between five and 10 percent of our (investment) portfolio to be done this year in overseas markets," he said at a media briefing here today.Hamad Kama Piah said PNB was slowly expanding its overseas operations."We have always been investing overseas and we are slowly expanding the portion," he said.As of now, PNB has opened offices in Singapore and the United Kingdom."We hope our people in the two new offices can learn as quickly as possible so that we can give more funds for them to manage," Hamad Kama Piah said.