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Exorbitant port charges make Malta
expensive base
By
Kurt Sansone
Industrialists wanting to import or export goods by shipping
have to face a complex scenario of mismanagement and inefficiency
resulting in exorbitant port charges that make Malta almost three
to four times more expensive then other European ports
Parallel importation, block exemption
rules rewritten
By
David Lindsay
The changes heralded by the amendments to the Competition Act have
been widespread, according to the Director General of the Consumer
and Competition Division, Marcel Pizzuto. Major changes have presented
themselves in the spheres of parallel importation, block exemptions
and in placing public undertakings on a level playing field with
the private sector.
Retailers optimistic about budgetary
changes
By
Kurt Sansone
The budget measures to cut red tape for small businesses
and the self-employed are a step in the right direction but operators
in the sector are hoping that they are the beginning of an ongoing
exercise and not an end in themselves
British holiday firm hit hard
Britain's biggest holiday firm, Airtours Plc reported a 57 percent
rise in annual operating profits yesterday but warned investors
its outlook was uncertain and confirmed it had cut 1,600 jobs since
11 September. Airtours company in Malta, represented by Edrichton
Holidays, refused to comment yesterday on whether their own staffing
levels had been reduced.
FOCUS
Government revenue, expenditure
shortfall up 17%
- Gov’t
debt up 14%
As expected, the shortfall between government revenue and expenditure
saw an increase of Lm14.6 million, or 17.4 per cent, between January
and October this year. The shortfall for the first 10 months of
this year - deducting the contribution to the Sinking Fund for local
and foreign loans as well as direct repayment of loans – stood
at Lm83.5 million, while the shortfall over the same period last
year had stood at Lm68.9 million.
INTERVIEW
Ensuring
a fair market place
David Lindsay recently spoke to Marcel Pizzuto, Director General
of the Consumer and Competition Division about the Division’s
brief of ensuring fair competition, consumer rights and transposing
directives within these spheres
OPINION
Resilience in the face
of turbulence
Last Friday Finance Minister John Dalli delivered a keynote
address to the Chartered Institute of Bankers’ annual dinner.
Mr Dalli speaks of the resilience of the Maltese economy in the
face of international turmoil, overviews the implications of last
week’s budget on the financial services sector, and explains
why GDP growth is really well into the black
IN THE NEWS
Airline seating capacity must be maintained
– Refalo
DataStream Malta Web Awards 2001
Viset Plc to develop cruise terminal
in four years' time
Basis for successful joint ventures
Kordin Business Incubation Centre
welcomes first businesses tomorrow
MHRA holds talk on ‘The Euro
and the tourism industry’
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