Sunday Circle
Issue No. 189
20 - 26 June 2001

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Gothenburg – unity emerges from chaos

Search Malta - Gozo and Comino too!

Making the most of the land at hand for industry
The availability of land for industrial use was highlighted last week by Parliamentary Secretary for the Economic Services Ministry, Edwin Vassallo. Land is precious and is one of the country’s scarcest resources and the demand for industrial space is increasing seemingly by the day

Tony Zarb addresses ILO conference
Following are extracts from General Workers’ Union General Secretary, Tony Zarb’s address to the International Labour Organisation’s latest conference held in Geneva last weekend

Local News

Farsons Group improves its financial results
At its 54th Annual General Meeting held on Monday, Simonds Farsons Cisk Chairman Bryan A. Gera, explained that the Group last year registered a six per cent increase in turnover, while also confirming a total ordinary dividend of 1c7 per share net of tax

Malta Freeport remains tight-lipped over CMA pullout threat
Freeport officials refused to comment yesterday on the near-disastrous repercussions the corporation would face if, as is rumoured in business circles, it loses one of its major customers, CMA CGM

Industry calls for better summer customs’ service
Steps should be taken to at least ensure the customs department is kept open with a skeleton staff on full days during the summer months, to enable industry to operate competitively, the secretary general of the Federation of Industry, Edwin Calleja, said yesterday

Government revenue up 5.4%
The National Office of Statistics yesterday reported that, during the first five months of the year, government revenue increased by 5.4 per cent, while the government’s expenditure increased by 10.5 per cent.Manufacturing sector continues to surge
In the first quarter this year, total sales by the large manufacturing enterprises increased by Lm5.3 million, or 2.1 per cent, to Lm260.5 million from Lm255.2 million a year earlier

Consumer borrowing on the rise
The ‘buy now, pay later’ philosophy looks to have taken off on the Maltese Islands, with many consumers now opting to buy goods on credit

Corinthia group interested in Slovakian market
The Corinthia Group of Companies could well add further to its expansion in the international market by increasing its hotel business in Slovakia

La Valette Funds interim results
La Valette Funds SICAV plc last week issued its Interim Report and Unaudited Financial Statements for the half year ended 31 March 2001

MIM awards Marlene Mizzi for achievements in management
The Malta Institute of Management has nominated Marlene Mizzi as Lifelong Honorary Member of the Institute for her exceptional achievements in the field of management over the recent years, particularly during her post as Chairman of Sea Malta. She is the first woman to be nominated for the prestigious award

Two nations on the verge of EU membership
Malta Chamber of Commerce President, John E. Sullivan, addressed the a meeting convened for the visit of Slovak Prime Minister Mikulás Dzurinda. Mr Sullivan compares the likenesses between the two countries’ economies and the areas in which synergies could be developed.


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: [email protected]