|Issue No. 163||
13 19 December 2000
Bon Sante to the EU:
will the government support the winemaking industry?
On the fringe:
Income tax on fringe benefits
Being nice at Nice
Ensuring Maltaís social and economic development
Foreign Minister Dr Joe Borg recently spoke out on employment and social policy within the context of the European Union at a conference organised by the Confederation of Malta Trade Unions. Following are extracts from his speech.
Food Processing & Packaging
Income tax on fringe benefits ≠ how it works
This week The Business Times explores the inner workings of taxation on fringe benefits, as viewed by the Department of Inland Revenue.
Piracy in region costs Microsoft Lm40 million a year
Dubai-based Microsoft GEM, which covers 18 countries ranging from (and including) Malta and Cyprus to Pakistan and Afghanistan, announced this week that computer software piracy in the region under its jurisdiction currently costs industry heavyweight Microsoft some Lm40 million a year.
The licences for shops operating on a Sunday will be redefined in legislation that has just been drafted, but the objective is still to ensure that the day of rest does not end up with an identical format to a Monday, according to the Parliamentary Secretary in the Ministry for Economic Services. READ FULL ARTICLE
The number of Maltese visiting Tunisia has increased 12-fold over the past 10 years. READ FULL ARTICLE
Tumas Group launches Lm4.2m issue to refinance credit facilities
Tumas Investments, a newly set up and fully owned subsidiary of the Tumas Group, yesterday issued Lm4.2 million in 6.7 per cent secured notes in order to refinance bank credit facilities attributable to the Portomaso development. By David Lindsay
Malta Dry Docks wins first FPSO Conversion Contract
Malta Dry Docks has been awarded a contract by Brovig-RDS of the UK, for the conversion of the M.T. Northia to a Floating Production Storage and Offloading unit to be based in the Isis field off the coast of Tunisia. The contract is the first major oil and gas industry project to be undertaken by the yard for nearly 20 years.
Central Bank money market report - October
Broad money, consisting of currency in circulation and residents' deposits with the banking system, expanded by Lm20.7 million, or 0.8 per cent, in October. As a result, broad moneys annual rate of growth accelerated by more than half a percentage point to 5.6 per cent.
Winemaking industry set for boost in EU talks
By Miriam Dunn The government has indicated that it is willing to throw its weight behind the local winemaking industry when it comes to discussing land allocation with the European Union for the planting of vines.
Chamber of Commerce welcomes budgetary measures, holds certain reservations
While the Chamber of Commerce welcomed the Budget on a general basis, the Chamber as a whole and some of its sub-sections have found certain gripes. Following is a brief overview of the Chamberís budgetary reactions. By David Lindsay
MHRA vehemently rejects Frosh rates reduction proposal
The announcement follows an MHRA meeting of 46 hotels currently contracted with the operator