Local News

Expenditure stable as revenue increases by 13 per cent
The National Office of Statistics reported yesterday that, during this year’s first quarter, ordinary revenue rose by close to Lm17 million, or 13.2 per cent over last year’s first quarter.

Gross domestic product up 6.9%
According to figures released yesterday by the National Office of Statistics, over the course of last year Malta’s Gross Domestic Product (GDP), the total market value of all the goods and services produced within the borders of a country, increased nominally by Lm101.1 million, or 6.9 per cent, over 1999’s figures. Meanwhile, in real terms the GDP grew by Lm63.0 million or 4.7 per cent

Exorbitant demands by port workers
The Freeport is on the brink of industrial action after port workers members of the GWU yesterday threatened to strike over demands, which were described as ‘astounding’ by the corporation. Amongst others, the port workers are asking for an annual income of Lm14,500 each

Hubbing our way to the EU
If Malta is promoted as the hub of the Mediterranean, it can approach the EU negotiation process with a full package that benefits the island, the EU and our neighbours, according to IT expert Joseph Woods

Government debt up 5.5% in Q1
On the other hand, the yield from Customs and Excise Duties stood marginally lower, down by Lm0.05 million, when compared with the same period last year.

VFM's quarterly seminar links with Rothschild's in London
For the first time during its Quarterly Sales Seminars, Valletta Fund Management organised a live link-up with Rothschild Asset Management, its fund management partners in London who are responsible for the La Valette, Vihena and Wignacourt funds managed by Valletta Fund Management.