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KUALA LUMPUR (Sept 25): Just a day after announcing that employers would only have to pay 20% of the RM10,000 levy for each foreign worker, Finance Minister Lim Guan Eng today did an about-turn and said employers will have to continue to pay the levy in full.

PETALING JAYA (Sept 25): Boutique property developer Temokin Development Sdn Bhd, a subsidiary of Temokin Holdings Sdn Bhd, has launched the first phase of its maiden property project – the Mahligai at Nusa Damai, Pasir Gudang, Johor – today, it said in a press release.

Billion Dollar Whale co-author Tom Wright said that a movie deal is in the works, based on the book that tells the tale of Jho Low and the machinations behind the 1MDB scandal.

PETALING JAYA (September 25): An access ramp that goes through the residential neighbourhood of Taman Ukay Bistari in Ampang will be opened despite protests.

KUALA LUMPUR (Sept 25): Tune Group Sdn Bhd and ECM Libra Financial Group Bhd, via their joint venture company Tune Plato Ventures Sdn Bhd, have acquired a 50% stake into home-sharing platform SubHome.

PETALING JAYA (September 25): Production company Red Granite Pictures has paid off the balance of its US$60 million (RM234 million) settlement with the US government Red Granite had been accused of using more than $100 million embezzled from 1MDB, The American magazine Variety reported that in an agreement reached with federal prosecutors in March, Red Granite had promised to make the forfeiture payment in three instalments.

KUALA LUMPUR (September 25): Bina Puri Holdings Bhd said the group’s core construction business may stay in the red for the rest of the year as many projects that it intends to participate in are still in limbo.

KUALA LUMPUR (September 25): Alleged 1Malaysia Development Bhd (1MDB) mastermind Low Taek Jho (pic), better known as Jho Low, plans to strike a deal with the US Department of Justice (DoJ) over the latter’s investigation into the controversial fund, said Sarawak Report.

KUALA LUMPUR (September 25): In an Instagram post yesterday, with a picture of himself and the setting sun as the background, Datuk Seri Nazir Razak wrote that “the sun is setting on my time in CIMB”, as he revealed he would be stepping down as chairman of CIMB Group by Dec 31.

KUALA LUMPUR (September 25): Sapura Energy Bhd’s wholly-owned units have secured three new jobs and a contract extension valued at about RM815 million.