REITs’ NPI growth not a reflection of improving sector

KUALA LUMPUR (Oct 29): Last week saw a flux of quarterly earnings released by local real estate investment trusts (REITs) with most reporting a growth in their net property income (NPI), sparking optimism for a recovery in the sector that has long been plagued by concerns over oversupply, weak demand and the like.

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Irwan Serigar arrives at MACC for questioning on 1MDB

PUTRAJAYA (Oct 24): Former treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah has arrived at the Malaysian Anti-Corruption Commission (MACC) for questioning over dealings between troubled state-owned fund 1MDB and Abu Dhabi’s sovereign wealth fund International Petroleum Investment Co (IPIC).

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