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VAT lottery reaches stability point
By Kurt
Sansone
The Public Lotto Department receives around 1,500kg of fiscal
receipts every month to participate in the VAT receipts lottery and
the amount has stabilised indicating that it is probably the same people
who continue to send in their receipts month after month
Globe/British American merger still subject
to due diligence
By David Lindsay
Globe Financial Management yesterday clarified the position of
its proposed merger with the Maltese operations of British American Insurance
(Mauritius), explaining that the merger is still subject to the satisfactory
completion of the due diligence exercises currently underway on the part
of both parties
Galdes denies clash with Dalli
Mr Galdes: "There are no personal clashes at all. My resignation
is not linked to any of this, it is of a personal nature. I enjoy being
involved in various activities and that is why I am involved in the
Commission. At this point however I have decided to present my resignation
from the post of chairman. It is understandable that I should be asked
to re-consider this and I plan to give my definite reply to this request
by next week."
New supermarket opening in St Venera
- Planning
Authority blocks permit for additional story
Amid the rough patch that several of Malta’s supermarkets
have passed through lately, which saw the closures of the Swatar, Burmarrad
and Naxxar Price Clubs, a new supermarket will be opening its doors
to business St Venera over the coming months. An estimated 200 jobs
are expected to be created
Dragonara Casino owners take over
major French casino group
Accor - the French corporate services provider, casinos group and owner
of St Julian’s Dragonara Casino- is on its way to achieving its
ambition to become the largest casino operator in Europe.
Alterra confirms Lm60.5 million MIA
investment
According to an AFX Europe report in the Financail Times, the Grupo
Dragados SA yesterday announced that the Alterra consortium is currently
in the process of finalising the acquisition of a 40 per cent stake
in Malta International Airport for the price of EUR150 million (Lm60.5
million)
Labour plans for Elections
Labour leader Dr Alfred Sant has confirmed that his party is hard at work
organising itself for the next elections
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