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Across the board decline in hotel
revenues, occupancy rates
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weak winter expected, summer indications encouraging
The Malta Hotels and Restaurants Association yesterday
confirmed that the events of 11 September had taken their toll
on the local tourism industry over last years fourth quarter,
with the five-star category being the hardest hit through a marked
drop in the lucrative conference and incentive business.
READ MORE >>
IT&T traders protest at certification
costs
By
Miriam Dunn
Operators and importers in the IT&T sector are incensed
that Maltacom is refusing to back down over controversial backdated
sums of money owed for certification stamps provided by the telecommunications
company. READ
MORE >>
Chamber calls for rent law
review
The Chamber of Commerce yesterday reiterated its long-held stance
that Maltas current rent laws are the cause of a "huge
social injustice", adding that the situation requires political
consensus and an enhancement to the law that would rekindle landlords
trust in the pertinent legislation. READ
MORE >>
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INTERVIEW
Beating bureaucracy
in business
Silvio Debono of the Seabank Group, and Tony Zahra
of Alpine Holdings, have developed and opened the Grand Hotel
Mercure Coralia San Antonio in St Pauls Bay, which is
under a 10-year management contract to Accor, the worlds
second largest hospitality and leisure operator. Here, Mr
Debono speaks to MIRIAM DUNN about the challenges that such
a major project bring. |
OPINION
A two-way business stream
Finance Minister John Dalli addresses the BoV Libya
your neighbour and business partner conference. Mr
Dalli emphasises that business between the Malta and Libya is a
two-way stream that depends on strong economic, cultural and political
links
INVESTORS
CORNER
Plaza Centres shows steady growth
in profitability
At a board meeting held on Monday, Plaza Centres Chairman Albert
Mizzi reported satisfactory results for the year ended 31 December
2001, with turnover increasing by 3.28 per cent to Lm563,104
GBP90m invested in VFM La Valette
Funds
- shareholders briefed on international investment climate
MORE NEWS
Not
just an alarm bell
EU finance ministers shelving Euro-Mediterranean
bank proposal
Corinthia awards Maltese joint venture
largest contract ever
Business opportunities discussed at
Bank of Valletta seminar
Tui group calls for better tourism
product
New Mediterranean business organisation
launched
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