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THE MALTA FINANCIAL & BUSINESS TIMES

26 JUNE 2002
ISSUE NO. 242
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Editorial
By Saviour Balzan


Malta and the new economy – a perfect match


Search Malta - Gozo and Comino too!






THE ECONOMIC UPDATE LOOKS AT THE ELECTRONICS MANUFACTURING SUB- SECTOR, WHICH, AFTER 30 YEARS, NOW ACCOUNTS FOR 65 PER CENT OF MALTA’S MANUFACTURED EXPORTABLE GOODS
F O C U S
Oil well abandonment greeted with scepticism
Speaking to The Malta Financial and Business Times yesterday, Labour environment spokesman Joe Mizzi said he could not understand why the drilling that has just been completed offshore Gozo had not been carried out in another potentially promising area... READ MORE >>

End of May inflation drops marginally
Following months of rising inflation that had caused concern in certain circles, the National Statistics Office reported yesterday that Malta’s rate of inflation at the end of May had appeared to stabilise and, in fact, had dropped marginally... READ MORE >>

Former Price Club outlet to open soon
The notice on the door of the former Price club supermarket in Naxxar says it all. The supermarket will soon open its doors again for customers after the premises was leased to the Said family, owners of Peter Blond International... READ MORE >>


INTERVIEW
Karmenu Farrugia
Economist and Malta Development Corporation founder Karmenu Farrugia believes that Malta could lure more investment to its shores but has to be more professional in its work. He speaks to RAY ABDILLA about what it would take to heal the country’s ailments

OPINION
Malta in modernisation mode
Finance Minister John Dalli speaking last Friday at the annual dinner of the Malta Institute of Accountants said that all sectors of Malta’s economy are quickly modernising and have coped with the after effects of 11 September

INVESTORS’ CORNER
Central Bank money market 17-21 June
- record low 91-Treasury bill rate
IHI holds AGM, shareholder commitments met
International Hotel Investments plc (IHI) - Malta's leading public hotel company - has met its first major commitment to shareholders by acquiring a further two five-star properties in Europe during 2001 giving the company a portfolio of four luxury hotels in prime locations
NEWS
MDD, Ship Building in three-year safety partnership
Malta Drydocks and Malta Ship Building have joined forces with the Swiss-based internationally-renowned safety company - Du Pont Safety Resources - to implement a major safety improvement programme involving all levels of employees throughout each business.
Maltese football hit by financial woes
By Ray Abdilla
Nothing much exciting would be happening this summer in the Maltese football transfer market as the Malta Football Association has slapped most of the premier division clubs with a ban for overdue payments to players
Hyzler rebuts Labour allegations on Qormi health centre
Parliamentary Secretary George Hyzler has denied that the application to build an elderly people’s home above the Qormi Health Centre was made behind the health minister’s back as claimed by the Labour Opposition
Trade Fair 2002 kicks off today amid high expectations
The 2002 edition of the International Fair of Malta kicks off today amid expectations of catalysing consumer spending. This will be the 45th edition of the Fair and will feature 334 exhibitors covering a wide range of products and markets. 66 new exhibitors will be presenting their products this year - proof that the Trade Fair is enjoying steady popularity, both with the general public as well as with prospective exhibitors themselves
Credit Management Association members represent Lm242 million in turnover
The Malta Association of Credit Management reports that over its first year of operations, leading companies selling on credit and operating in different commercial sectors of the Maltese economy had joined the Association
Five-month visible trade gap shrinks by Lm17.4 million
Between January and March this year, Malta’s the visible trade gap had contracted by Lm17.4 million to Lm130.3 million down from the Lm147.7 million registered over the same period last year
Year on year 1.4% real GDP growth
Over this year’s first quarter, the Maltese economy had pulled itself out of a virtual recession according to figures released on Monday by the National Office of Statistics

 

Copyright © Network Publications, Malta.
Editor: Saviour Balzan
The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07, Malta, Europe
Tel: (356) 21382741-3, 21382745-6 | Fax: (356) 21385075 | E-mail