Sunday September 17, 2006
PEKAN: Malaysians should start to master the art of wealth creation in tandem with the country’s progress, said Deputy Prime Minister Datuk Seri Najib Tun Razak.
Saying that the time had come for the people to seek economic independence by making smart investments, he urged them to learn to manage their financial resources to gain more wealth using a first-class mentality.
“Having political power without economic independence will lead us nowhere,” Najib said.
In this regard, he added, the Government would ensure a fair and equal distribution of wealth through institutions like Permodalan Nasional Berhad (PNB).
“We will look after the rights of the bumiputras but at the same time, the rights of others will not be taken away,” he said during the opening of a PNB public awareness exhibition at the Sultan Ahmad Shah convention hall here yesterday.
Najib said the Government would support the efforts by PNB in raising the equity of bumiputras from the present 18% to between 20% and 25% in 2010.
The present RM60bil in funds held by PNB, he added, showed that it had been managed efficiently.
“The Government will ensure PNB’s continuous success and is confident it will reach RM100bil over the years with new products,” he said.
Najib said the people should start to find ways to increase their wealth by investing part of their income.
Citing an example, he said those who have made an initial investment of RM10 in 1981 in one of the unit trusts and re-invested the annual dividend could have a present balance of RM2,700.
“Imagine the situation if the investment amount had been much higher,” he said.
Najib also announced that the PNB Unit Trust Week would be held in Kuantan next year.
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