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THE
ECONOMIC UPDATE LOOKS AT
THE ELECTRONICS MANUFACTURING SUB- SECTOR, WHICH, AFTER
30 YEARS, NOW ACCOUNTS FOR 65 PER CENT OF MALTA’S MANUFACTURED
EXPORTABLE GOODS
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F O C U S
Oil well abandonment greeted
with scepticism
Speaking to The Malta Financial and Business Times yesterday, Labour
environment spokesman Joe Mizzi said he could not understand why
the drilling that has just been completed offshore Gozo had not
been carried out in another potentially promising area... READ
MORE >>
End of May inflation drops marginally
Following months of rising inflation that had caused concern in
certain circles, the National Statistics Office reported yesterday
that Malta’s rate of inflation at the end of May had appeared
to stabilise and, in fact, had dropped marginally... READ
MORE >>
Former Price Club outlet to open
soon
The notice on the door of the former Price club supermarket in Naxxar
says it all. The supermarket will soon open its doors again for
customers after the premises was leased to the Said family, owners
of Peter Blond International... READ
MORE >>
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INTERVIEW
Karmenu Farrugia
Economist and Malta Development Corporation founder Karmenu
Farrugia believes that Malta could lure more investment to
its shores but has to be more professional in its work. He
speaks to RAY ABDILLA about what it would take to heal the
country’s ailments |
OPINION
Malta in modernisation mode
Finance Minister John Dalli speaking last Friday at the annual
dinner of the Malta Institute of Accountants said that all sectors
of Malta’s economy are quickly modernising and have coped with
the after effects of 11 September
INVESTORS’
CORNER
Central Bank money market 17-21
June
- record
low 91-Treasury bill rate
IHI holds AGM, shareholder commitments
met
International Hotel Investments plc (IHI) - Malta's leading
public hotel company - has met its first major commitment to shareholders
by acquiring a further two five-star properties in Europe during
2001 giving the company a portfolio of four luxury hotels in prime
locations
NEWS
MDD, Ship Building in three-year
safety partnership
Malta Drydocks and Malta Ship Building have joined forces with the
Swiss-based internationally-renowned safety company - Du Pont Safety
Resources - to implement a major safety improvement programme involving
all levels of employees throughout each business.
Maltese football hit by financial
woes
By Ray
Abdilla
Nothing much exciting would be happening this summer in
the Maltese football transfer market as the Malta Football Association
has slapped most of the premier division clubs with a ban for overdue
payments to players
Hyzler rebuts Labour allegations
on Qormi health centre
Parliamentary Secretary George Hyzler has denied that the application
to build an elderly people’s home above the Qormi Health Centre
was made behind the health minister’s back as claimed by the
Labour Opposition
Trade Fair 2002 kicks off today
amid high expectations
The 2002 edition of the International Fair of Malta kicks off today
amid expectations of catalysing consumer spending. This will be
the 45th edition of the Fair and will feature 334 exhibitors covering
a wide range of products and markets. 66 new exhibitors will be
presenting their products this year - proof that the Trade Fair
is enjoying steady popularity, both with the general public as well
as with prospective exhibitors themselves
Credit Management Association members
represent Lm242 million in turnover
The Malta Association of Credit Management reports that over its
first year of operations, leading companies selling on credit and
operating in different commercial sectors of the Maltese economy
had joined the Association
Five-month visible trade gap shrinks
by Lm17.4 million
Between January and March this year, Malta’s the visible trade
gap had contracted by Lm17.4 million to Lm130.3 million down from
the Lm147.7 million registered over the same period last year
Year on year 1.4% real GDP growth
Over this year’s first quarter, the Maltese economy had pulled
itself out of a virtual recession according to figures released
on Monday by the National Office of Statistics
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Editorial 
