Malta Today
Sunday Circle
Economic Update

22 MAY 2002
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By Saviour Balzan

An eloquent Irishman speaks to the Maltese eurosceptics
Selling the idea of EU membership by bringing over foreigners to speak about the benefits is a sensitive strategy, which may not always go down well with a nation that tends to be over sensitive to what foreigners have to say

Search Malta - Gozo and Comino too!

‘Our door is open, but the choice is yours’ – Pat Cox
By Kurt Sansone
While stressing more than once that it is solely Malta’s prerogative whether to join the European Union or not, European Parliament President Pat Cox appealed to the country to get its act together and take a binding decision once and for all. READ MORE >>

Businessmen will gain strength by forging links, says Hyzler
By Miriam Dunn
The Parliamentary Secretary in the Economic Services Ministry has expressed his disappointment that businessmen are not gearing up for new market challenges as best they could. READ MORE >>

Businesses still have fears over e-commerce
Although entrepreneurs are concerned about security and privacy when doing business via the Internet they also believe that there are many benefits to be gained through the use of e-commerce. READ MORE >>

Businesses must move with the times
If entrepreneurs make the most of new opportunities and release themselves totally from the protectionist mentality, they have every chance of succeeding in the new economy, Parliamentary Secretary George Hyzler tells Miriam Dunn

ICT and the digital divide
Transport and Communications Minister Censu Galea commemorates World Telecommunications Day with an address overviewing the last decade of information and communication technology and Malta’s future role in the telecommunications revolution

Explosion in telecoms may be reason for slump in other sectors
The explosion in the local telecoms sector in a period of relative slump is proof of high spending and the shift in consumer preferences.

Four month government revenue up three per cent
Compared to the first four months of 2001, Ordinary Revenue from January to April of this year had increased by Lm6.2 million, or three per cent, and amounted to Lm215.3 million

Go mobile found cheaper than Malta from overseas, but Vodafone with a wider service
With both of Malta’s mobile telephony operators evening out in terms of the price of local calls, the next mobile pricing and coverage battlefield may present itself in the realm of overseas telephony

Advertising regulations in the limelight
Regulating TV advertising seems to have been a priority of the Broadcasting Authority throughout 2001. This is witnessed by the special focus on the regulations published in the latest Broadcasting Authority’s Annual Report

Public survey on phone mail published
An overwhelming 76% of respondents have unequivocally stated that Phone Mail should have been offered to subscribers at their request, and not introduced, arbitrarily, nation-wide. Furthermore, almost half of the respondents, that is, 47%, have actually had the service discontinued from their residential lines

Investors’ Corner
Mizzi Organisation Finance launches Lm5 million 6.7% Bonds 2009 – 2012
Mizzi Organisation Finance plc this week launched a public bond offering of Lm5 million at 6.7% interest, payable in arrears every six months. Each bond has a nominal value of Lm100. These bonds will be on sale from tomorrow and the offer will close on 31 May 2002 or earlier at the Company’s option

Outstanding results for Institute of Financial Services students
Financial services students coming from the Central Bank of Malta, Bank of Valletta and HSBC have recently attained outstanding results in their examinations leading to the joint award of ACIB and BSc Financial Services awarded by the Institute of Financial Services (UK) and the University of Manchester (UMIST)

Lombard Bank to acquire participation in Gasan Fund Management
Lombard Bank Malta and the Gasan Group have reached an agreement in terms of which the Bank will acquire a 75 per cent participation in Gasan Fund Management Limited

Property & Construction
2001 construction activity jumps 10%
The Central Bank of Malta reports that over the nine months leading up to September 2001, turnover in the construction industry was some 10 per cent higher than in the corresponding period of the previous year

Real estate prices rise 5%, in line with retail price index
Real estate prices had risen by some five per cent last year, according to data recently released by the Central Bank of Malta. However, the bank adds that the rise was only slightly more rapid than that in the RPI


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