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Suppliers call for factoring
service
By
Miriam Dunn
Suppliers and traders may well decide to push banks to make a factoring
service available to them, in the wake of the sensational Price
Club supermarket crash
Globe/British American merger set
for first half 2002
By
David Lindsay
Globe Financial Management yesterday provided further details of
its proposed merger with British American Insurance. The agreement
would see Globe taking over the gauntlet of British American’s
local operations in return for an allocation of shares in Globe.
The share transfer is expected to effectively make British American
a significant shareholder of Globe
INTERVIEW
Tony Zammit Cutajar
When the Price Club chain of supermarkets crashed, an estimated
200 suppliers were left facing collective debts totalling some Lm8.5
million. Tony Zammit Cutajar, whose company, P. Cutajar and Co.
Ltd, was left with the biggest loss it ever incurred during its
135-year history of trading, tells MIRIAM DUNN what he thinks can
be done to minimise the chances of such an episode happening again
OPINION
The status of negotiations
Richard Cachia Caruana, Core Negotiating Group Chairman,
addressed the 16th meeting of the EU-Malta Joint Parliamentary Committee
on Monday. He reviews the current status of Malta’s accession
negotiations and discusses the developments expected over the coming
months
FOCUS
Muammar
Gaddafi: the wise investor
Muammar Gaddafi is known world-wide for being the leader of the
Libyan nation, for his subversive ideologies, recently toned down
in a bid to relieve the Libyan economy from UN and US sanctions,
as well as for his shrewdness and intellect. However, another side
to the man was recently detailed by his financial manager, Ali El
Huwej. The Malta Financial and Business Times reports on how Malta’s
southern neighbour’s financial acumen has been directed at
turning a profit for the nation in the face of stiff sanctions
IN THE NEWS
Should
development go higher?
Italian businessman requests letter
of intent
British
Airways Malta route doing well
Vodafone announces new tariffs for
contract customers
President
on state visit to Germany
CBM reviews Q2, reduces growth rate
by 0.7%
Bank
of Valletta ranked among world’s best 80 banks
Narrow
money doubles to 6%, broad money growth rate at 7.8% in September
Rothschild Asset Management’s
multi-manager portfolio and its retail re-branding
BoV
board recommends 11c gross dividend payment per share
Malta well-positioned for e-commerce
boom
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