Barclays to shift Maltese accounts out of Switzerland
Karl Stagno-Navarra
Barclays Bank plc have chosen not to deny or confirm reports about a circular issued to local stockbrokers, informing them that Maltese bank accounts within their remit, are to be shifted from Switzerland to London. READ MORE >>

Ports: Minister adamant on December solution
Karl Schembri
Competitiveness Minister Censu Galea yesterday said he had just received the newly set-up Malta Dockers’ Union’s position on port reforms since it split from the General Workers’ Union, signalling a new step in the protracted negotiations that risk delaying the reform timeframes set by the government. READ MORE >>

No comment on HSBC candidate for BOV from ministry
Matthew Vella
Investments Minister Austin Gatt, whose portfolio includes government’s 25% shareholding in Bank of Valletta, has restricted comment on the news that HSBC has seconded the nomination of a director for the BOV board elections. READ MORE >>

Doubting Gonzi’s sound finances
For some economists it is too early to speak of “sound finances”. Writing in the Sunday Times, economist and former finance minister Lino Spiteri did not mince his words: “Malta has a long way to go before one can seriously claim that the public finances are sound and sustainable.” READ MORE >>

OPINION Is there an innovator in you? by Jesmond Silvio When asked why he wasn’t getting results with his countless tries to successfully develop the light bulb, Thomas Edison replied, “Results? Why, I’ve got a lot of results. I know several thousand things that won’t work.” READ MORE >> Interview The budget that went for growth Every government is burdened with the responsibility of the economic wellbeing of its country, taking the necessary measures to increase its economy and to achieve financial sustainability, and in Malta there seems to be consensus of both unions and employers that with Budget 2007 government is on the right track, having described as credible and realistic. READ MORE >>

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