Malta Today

22 October 2003
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Avoiding a nose dive

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Economic Update

Excelsior Hotel, Slipform sold for Lm1.77 million
By David Lindsay
Valletta’s long-idle Excelsior Hotel, the doors of which have failed to open for business despite successive bids by a line of investors, was sold this week by the 100 per cent stakeholders, Hong Kong’s Hopewell Holdings - run by entrepreneur Gordon Wu. READ MORE >>

Employing 8,000 civil servants before 1987 election was a mistake – Attard Montalto
By Kurt Sansone
The employment of 8,000 workers with the civil service on the eve of the 1987 election by the then Labour administration has long been blamed as one of the major contributors to the exorbitant increase in government expenditure by subsequent Nationalist administrations. READ MORE >>

Maltese-registered company to sue over lost bid for stake in Hungarian telecoms operator
A Maltese-registered investment banking company intends suing Hungary’s state owned commercial bank over the sale of its share in fixed-line telecom operator HTCC Rt, the Hungarian press reported this week. READ MORE >>

Containerisation, globalisation pushing shipping to new heights
Carmelo Caruana Company Chief Executive Beppe Hili speaks to DAVID LINDSAY about what the advent of globalisation and containerisation has meant for Malta’s shipping industry

Juggling work-life commitments - the HSBC experience
HSBC’s Training and Development Manager Mary Louise Agius, addresses the recent conference on ‘Juggling Work-Life Commitments - Does it Make Business Sense?’ – organised by HSBC, the Foundation for Human Resources Development and the Richmond Foundation. Following are extracts from Ms Agius’s speech, in which she discusses the integration of work and personal life, gender equality and workplace effectiveness as well as elements of local culture, which impact the work-life balance of Maltese employees.


Gasan announces new bond issue

Maltese property prominently featured in UK press, TV

Record entry for Rolex Middle Sea Race

US deficit hits record high of USD374.2 billion

Maltese officials being briefed on EU working groups participation


















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Editor: Saviour Balzan
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