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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.

KUALA LUMPUR (June 11): The High Court has dismissed the government forfeiture suit against Yayasan Persatuan Bekas Anggota Kemas Malaysia (Yayasan PBAKM) to recover RM100,000 which was alleged to be funds originating from troubled sovereign wealth fund 1Malaysia Development Bhd (1MDB).

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KUALA LUMPUR (June 10): As Covid-19 infections remain low in Malaysia, authorities are looking at easing border controls when the Recovery Movement Control Order (RMCO) ends on Aug 31, starting with its neighbours which have successfully curbed the spread of the coronavirus.

KUALA LUMPUR (June 10): Master Builders Association Malaysia (MBAM) president Foo Chek Lee has been appointed as the new chairman of Asean Constructors Federation (ACF), effective today.

KUALA LUMPUR (June 10): Health director-general Datuk Dr Noor Hisham Abdullah broke into tears today when announcing the retirement of his deputy Datuk Dr Rohaizat Yon.

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).

PETALING JAYA (June 10): Petrol dealers say they are unaware of the Domestic Trade and Consumer Affairs Ministry‘s decision in revoking the price control order that set a price ceiling for RON95 petrol and diesel, the Malaysian Reserve reported today.

PETALING JAYA (June 10): Mitsui Fudosan (Asia) Malaysia Sdn Bhd (MFAM) and BBCC Development Sdn Bhd (BBCCD) have signed a joint venture agreement to acquire a serviced residence block in the Bukit Bintang City Centre (BBCC) development, Kuala Lumpur, for RM242 million.

KUALA LUMPUR (June 10): The High Court today has allowed an application by former prime minister Datuk Seri Najib Abdul Razak to inspect close to 12,000 pieces of jewellery, 300 handbags and other valuables which were seized by police shortly after the 14th general election in 2018.