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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.

With decades of experience in town making, Gamuda Land knows a good township stems from mindful planning.

KUALA LUMPUR (September 25): Despite reports by property consultancies and real estate agents that say house prices will pick up in the second half of 2019, Rehda Institute chairman Datuk Jeffrey Ng Tiong Lip considers it unlikely.

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.

PETALING JAYA (Sept 25): The Shah Alam High Court has ordered former Port Klang Authority (PKA) general manager OC Phang to pay damages to the authority over losses it suffered in the Port Klang Free Zone project.

KUALA LUMPUR (September 25): Former prime minister Datuk Seri Najib Razak’s brother Datuk Mohamed Nizam Razak has resigned as Petra Energy Bhd’s non-independent and non-executive director, after holding the position for only seven months since February this year.

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.