13 July 2005

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Malta Today

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Government admits new taxes partly to blame for inflation
James Debono
Contrary to the silence adopted at the beginning of the year, Government is now acknowledging that fiscal measures taken in the last budget have contributed to price increases

Prime Minister quotes misleading expenditure figures
Kurt Sansone
Government expenditure is not declining as the Prime Minister suggested during last Saturday’s monthly briefing, instead it has climbed from just over Lm370 million between January and May last year, to just over Lm403 million in the same comparative period this year.

Labour calls on government to amend new VAT punishments
Karl Schembri
The Opposition is insisting with government to amend a Bill presented in parliament that would extend the powers of the VAT commissioner allowing him to register a hypothec on immovable property of VAT defaulters, Labour Deputy Leader Charles Mangion told The Malta Financial and Business Times yesterday.

No summer holiday
Gejtu Vella, the secretary general of Malta’s second largest trade union, UHM, will be meeting employers’ organisations during the summer to build bridges before the next budget. READ MORE >>

Gremlins on the stock exchange - by Karm Farrugia
The four bomb attacks in London on Thursday morning 7 July 2004 sparked off the ‘natural’ selling panic on the European stock exchanges at their opening time. If the markets in the Far East and USA hadn’t been closed, they would have gone through the same experience. READ MORE >>

The rationale against low cost fares - by George M. Mangion
The much discussed “Open Skies” arrangement between Europe and the US presented great economic opportunities for air travel, according to an economic impact study drawn up by the European Commission. READ MORE >>

Information Technology

SAP appoint Enterprise SAP as channel partner for Business ONE

HP releases open source microfinance banking solution

i-mate launches the new PDA2


Collaboration agreement signed

Britain ‘discussing’ EU budget

Exports drop by 17 per cent

Population goes over 400,000 mark

Air Malta reorganising outstation offices

PM inaugurates Malta Business Foundation office in Brussels

Oracle committed to help country develop first class information society


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