BOLTON BHD will launch residential and retail projects around the Klang Valley this year and the estimated gross development value (GDV) is about RM1 billion.

Banks, which retreated on Tuesday after surging the previous day, could see renewed interest if investors remain convinced the upward trend for the market will continued.

The Gamuda-WCT joint venture in Qatar has been served with a request for arbitration by Bahrain Asphalt Establishment BSC following a claim totalling QAR109.27 million (RM101.06 million).

In Ho Hup, the party linked to deputy executive chairman Datuk Vincent Lye has filed for an injunction to block an extraordinary general meeting (EGM) scheduled for March 17, according to sources.

KESM’s 2Q net profit for the period ended Jan 31, surged by 283% year-on-year to RM2.6 million from RM678,000. Revenue rose to RM55.9 million from RM39.3 million.KESM said the improvement was due to higher demand for testing and electronic manufacturing services. There was also improvement in its subsidiary in Tianjin, China which has started contributing positively to the group, it added.

Kulim will dispose of its investment property, Menara Ansar in Johor Bahru, for RM105 million to the Al-‘Aqar REIT. It will receive RM63 million cash the remaining in 42.9 million new units of Al-‘Aqar KPJ Real Estate Investment Trust (REIT) at 98 sen per unit.