Maybank sued for ‘thwarting’ luxury Tribeca condo tower

NEW YORK (June 11): The developer of a 43-story luxury condo building in Manhattan’s Tribeca neighborhood sued Malaysia’s biggest bank for reneging on agreements to provide more than US$162 million (RM689 million) in syndicated construction loans and “effectively thwarting” the project, Bloomberg reported today.

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Strata development AGMs allowed to resume under RMCO

PETALING JAYA (June 10): Annual General Meetings (AGMs) and Extraordinary General Meetings (EGMs) of strata developments can now be conducted physically, according to the government's latest Standard Operating Procedure (SOP) guidelines on strata management for the Recovery Movement Control Order (RMCO) phase which began today (June 10).

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