 13 - 19 December 2000 |
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Local News 13 December 2000 Tumas Group launches Lm4.2m issue to refinance credit facilities Tumas Investments, a newly set up and fully owned subsidiary of the Tumas Group, yesterday issued Lm4.2 million in 6.7 per cent secured notes in order to refinance bank credit facilities attributable to the Portomaso development. By David Lindsay Malta Dry Docks wins first FPSO Conversion Contract Malta Dry Docks has been awarded a contract by Brovig-RDS of the UK, for the conversion of the M.T. Northia to a Floating Production Storage and Offloading unit to be based in the Isis field off the coast of Tunisia. The contract is the first major oil and gas industry project to be undertaken by the yard for nearly 20 years. Central Bank money market report - October Broad money, consisting of currency in circulation and residents' deposits with the banking system, expanded by Lm20.7 million, or 0.8 per cent, in October. As a result, broad money’s annual rate of growth accelerated by more than half a percentage point to 5.6 per cent. Winemaking industry set for boost in EU talks By Miriam Dunn The government has indicated that it is willing to throw its weight behind the local winemaking industry when it comes to discussing land allocation with the European Union for the planting of vines. Chamber of Commerce welcomes budgetary measures, holds certain reservations While the Chamber of Commerce welcomed the Budget on a general basis, the Chamber as a whole and some of its sub-sections have found certain gripes. Following is a brief overview of the ChamberĖs budgetary reactions. By David Lindsay MHRA vehemently rejects Frosh rates reduction proposal The announcement follows an MHRA meeting of 46 hotels currently contracted with the operator | ||||||
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