12 DECEMBER 2001
ISSUE NO. 215
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Editorial


Emerging market investors cast wary eyes on Argentina


Search Malta - Gozo and Comino too!





Talk must become action if Drydocks is to be saved
By Miriam Dunn
The best way to save Malta Drydocks from a bleak future is to stop postponing difficult decisions, face reality and act promptly

ST improves international ranking despite slump
By Kurt Sansone
STMicroelectronics is poised to improve its ranking to fifth in the top 10 list of semiconductor suppliers worldwide, according to the annual ranking exercise conducted by Arizona-based market research company, IC Insights

Efficient tax collection restricts cashflow
The cashflow crunch which is currently impeding so many businesses around the island could be at least partly down to the much more efficient collection of taxes that is now in evidence.

FOCUS

Government revenue, expenditure shortfall up 17%
- Gov’t debt up 14%
As expected, the shortfall between government revenue and expenditure saw an increase of Lm14.6 million, or 17.4 per cent, between January and October this year. The shortfall for the first 10 months of this year - deducting the contribution to the Sinking Fund for local and foreign loans as well as direct repayment of loans – stood at Lm83.5 million, while the shortfall over the same period last year had stood at Lm68.9 million.


INTERVIEW

New strategies for a changing marketplace
In an era when customers’ demands are constantly changing, Malta’s banks are gearing up to make the adaptations needed. Frank Xerri de Caro, Bank of Valletta’s chief officer for credit management and retail banking, outlines some of the new strategies that have been put in place to MIRIAM DUNN
OPINION

A necessary process of change
Malta Chamber of Commerce President John E. Sullivan last week delivered a keynote address to the Chamber’s annual general meeting. Following are extracts from his wide-ranging speech
IN THE NEWS

Shop owners jittery over window shopping trends

Public sector irks businessmen
Harry Vassallo addresses UHM General Council
Visible trade gap shrinks by Lm71.3m
Aw Tribu! Sets environmental precedent
 

The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07 Tel: (356) 382741-3, 382745-6 | Fax: (356) 385075
Editor: Saviour Balzan
e-mail: editorial@networkpublications.com.mt



Malta Chamber of Commerce President John E. Sullivan last week delivered a keynote address to the Chamberís annual general meeting. Following are extracts from his wide-ranging speech Frank Xerri Marcel Pizzuto