Phase 1 and 2 of Permodalan Nasional Bhd's (PNB) iconic Merdeka 118 precinct are expected to be ready by the second quarter (Q2) of 2022 instead of end 2021 as initially targeted, following delays caused by the movement control order in light of Covid-19.

The development is funded by PNB Merdeka Ventures Sdn Bhd (PNBMV), a wholly-owned subsidiary of PNB...