19th Jul 1991
Malaysia’s national entrepreneur development corporation
PUNB’s focus is on developing Bumiputera entrepreneurs in strategic and high potential businesses. This is in line with the National Development Policy (NDP) to build a dynamic, resilient and progressive Bumiputera Commercial and Industrial Community (BCIC). The organisation works to develop truly professional, highly ethical and genuine Bumiputera entrepreneurs; whose involvement and contribution is pivotal to the country's economic growth. PUNB was set up on 17th July 1991. It is a wholly owned subsidiary of Yayasan Pelaburan Bumiputra (YPB), the coordinating body for investment activities with government agencies, Bumiputera companies and individuals. It was established under the Malaysian Companies Act 1965 with an authorised capital of RM500 million of which RM400 million is fully paid up. PUNB's business operations are focussed on providing integrated entrepreneur development packages to assist Bumiputera entrepreneurs in Retail and Small and Medium sized Enterprise (SME) sectors. These development packages are designed to help Bumiputera entrepreneurs develop business acumen, maintain a profitable venture, and shape their enterprise; par excellence.
RECORD ID: 4236