Atrium REIT plans RM180m buy, Penang leaseback deals

  KUALA LUMPUR (Nov 2): Atrium Real Estate Investment Trust (REIT) plans to buy and lease back two pieces of land in Penang from Lumileds Malaysia Sdn Bhd, a wholly-owned subsidiary of Lumileds International BV, for a combined RM180 million cash.

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Time to bite the bullet

KUALA LUMPUR (Nov 2): It might be wishful thinking to expect the government to be able to rein in fiscal deficit while generating decent economic growth in the upcoming budget, which will be tabled by the Finance Minister Lim Guan Eng at Parliament this afternoon.

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JPJ issues over 56,000 summonses since Sept 1

KUALA LUMPUR (Nov 1): Captured through the Automated Awareness Safety System (Awas) that took over the system on September 1 this year, the Road Transport Department (JPJ) has issued more than 56,000 summonses, said Deputy Transport Minister Datuk Kamaruddin Jaafar.

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Zeti: Property prices have to adjust

KUALA LUMPUR (Oct 31): Property prices will definitely have to adjust in the near term to cater to the softening demand, said Sime Darby Property Bhd's chairman Tan Sri Zeti Akhtar Aziz.

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