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No EU connection for sympathy
strikes proposal
By
Kurt Sansone
The proposal by government to outlaw sympathy strikes,
as outlined in the white paper amending the Industrial Relations
Act has nothing to do with EU legislation and more to do with
government’s way of forging out a future for industrial relations
Farsons secures 7UP
Simonds Farsons Cisk yesterday announced it has been appointed
by PepsiCo International Limited as the exclusive franchisee to
produce, bottle, sell and distribute 7UP and Diet 7UP in Malta
and Gozo. The agreement was effective as of yesterday
Fund repatriation scheme active
for over a month
Maltese banks and financial intermediaries are undoubtedly looking
for the ways and means of capitalising on the new investment repatriation
schemes, as an unknown yet potentially large number of Maltese
take the leap by repatriating funds from accounts in British and
Channel Island banks. However, only a handful appear to have announced
concrete local re-investment schemes
Maltese grain carrier sues Australian
Port Authority for crash
The Maltese operator of a giant grain carrier that crashed into
an Australian jetty, causing AUD2.5 million (Lm585,000) damage,
is suing the South Australian Ports Corporation for its involvement
in the incident. The action is due to be heard in the Australian
Supreme Court later this month
MORE
NEWS
VAT lottery reaches stability point
Globe/British American merger still
subject to due diligence
Galdes denies clash with Dalli
New supermarket opening in St Venera
Dragonara Casino owners take over
major French casino group
Alterra confirms Lm60.5 million MIA
investment
Labour plans for Elections
OPINION
Europe and the free movement
of capital
Richard Cachia Caruana, Chairman of the Core Negotiating Group,
recently addressed the Tenth Meeting of the Accession Conference
in Brussels. Mr Cachia Caruana highlights the provisional closure
of chapter four – that related to the free movement of capital.
Following are extracts from his address
Correction
The Malta Financial and Business Times wishes to correct an error
to the detriment of PriceWaterhouseCoopers in last week’s edition
(2 January). In an article titled ‘Victor Zammit and the Price
Club fiasco’ it was erroneously stated that "…more
creditors filed cases against the Price Club and even PriceWaterhouseCoopers."
It should be noted that Price Club creditor Valle del Miele had
filed a judicial protest against Price Club’s previous accountants,
Deloitte and Touche, asserting that Deloitte and Touche had presented
an overly-optimistic image of the company – indicating a turnover
exceeding Lm 21 million per year. The Price Club had engaged PriceWaterhouseCoopers
after the incident.
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