13 December 2006

The Web
Business Today

Holiday Inn developer loses bid bond
• Government has already informed other bidders
• George Muscat meeting senior ministers over debacle
Karl Stagno-Navarra
George Muscat, the prospective developer of the former Holiday Inn and Fort Cambridge is reported to have met a senior government minister yesterday, three weeks after he lost a bid bond estimated to be approximately Lm100,000

Enforcement slackens on illegal parallel trading
Matthew Vella
Vans stocked to the brim with merchandise collected from Sicily, just hours away by sea on the catamaran ferries that regularly cross the Maltese channel, are cutting in on legitimate traders’ business in what is being described as a ‘racket’ of illegal parallel trading.

AX bond issue oversubscribed within two hours
An oversubscribed bond issue yesterday closed in two hours as AX Investments plc announced that the offer of Lm4 million AX Investments bonds 2014-2016 as well as the over-allotment option of a further Lm1 million made by the company to the general public had been fully subscribed. READ MORE >>

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