17 – 23 January 2001

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Local News

Virgin Megastores Malta to close its doors
A large gap in the music retail trade will be created shortly, with the pending closure of Malta's Virgin Megastores, as rumours that the music retailer will close its doors to business in the near future were yesterday confirmed by The Business Times

Embassy Cinema proves to be a success story
The Embassy Cinema has exceeded its estimated target, since opening on 11 November 2000, according to Andrew Attard, Embassy Cinema Manager.

Excelstocks goes into voluntary liquidation
Pressure on the buckling international technology sector has not failed to hit Malta, with the news that Excelstocks has gone into voluntary liquidation after running out of funding. By David Lindsay

Malta boasts third highest GDP among candidate states
According to statistics recently published by Agence Europe, Malta currently holds third place in terms of the Gross Domestic Product of candidate countries awaiting to join the European Union

AX Holdings celebrates 25th anniversary with new corporate logo
The traditional seasonal celebrations recently took on a new meaning to those employed and affiliated with AX holdings, as the company celebrated its 25th anniversary an event commemorated by the launch of a new corporate logo.

Malta's 'Playboy' decision makes foreign papers
The decision to allow Playboy to go on sale for the first time in Malta two weeks ago was not only described in some local newspapers as significant, but also made it into some of the international press

BUPA deemed Best International Insurer
Just one week after accepting the Best International Insurer Award at the Health Insurance Awards 2000, BUPA International has been awarded the FT Business Offshore Excellence Award in the category of Best International Insurer - the fifth prestigious award for BUPA in just over a year

Tourism industry further burdened
An urgent meeting convened on the joint initiative of the Malta Chamber of Commerce and the Malta Federation of Industry, together with a number of bodies and associations including FATTA, GRTU, FMHPCE, and MGRA, discussed the revised MTA contributions yet another issue that has left the tourism industry stunned.

The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07
Tel: (356) 382741-3, 382745-6 | Fax: (356) 385075 | e-mail: editorial@networkpublications.com.mt