25 July 2001

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Low productivity underlined in government performance audit
The Auditor General, Mr Joseph G. Galea, has submitted the Report "Performance Audit – Countryside Section" to the Speaker of the House of Representatives

Polish workers did not surface because of Shipbuilding welders’ refusal – Tony Zarb
The controversy over the refusal of 16 Malta Shipbuilding welders to work on a Scandinavian-owned ship in the Drydocks and the subsequent importation of Polish workers to do the job, deepened yesterday with GWU secretary general Tony Zarb rebutting allegations that surfaced in the press

BoV receives varied, enthusiastic response to EUR100m syndicated loan
nvestors from across the globe have scrambled to take up Bank of Valletta’s offer for a EUR100 million syndicated loan. The lenders, which total no less than 24, range from 11 countries

VFM to launch Mediterranean Rim Fund
During a press conference at the Hilton Malta, Joseph FX Zahra, Chairman of Valletta Fund Management announced that in the coming days the company will be launching a new fund investing in the Mediterranean region, the La Valette Mediterranean Rim Fund

November deadline for final change of local telephone numbers
The new numbering system will be officially implemented on 1 November 2001 with a parallel, running period of six months after the launch date, during which time the old numbers will remain operational

Half-year government finance
- Lm54.5m revenue-expenditure shortfall, both on the rise
The National Statistics Office reports that a smaller contribution to the sinking fund, a fund accumulated to pay off public debt, in respect to local and foreign loans saw a shortfall between ordinary revenue and total expenditure during the first half of the year. The shortfall amounted to Lm54.5 million a figure considerably up from a comparable shortfall of Lm39 million registered during the same period last year

MIDI to call for proposals for historical cultural project content
MIDI Chairman Albert Mizzi last week spoke to journalists being shown around Fort Tigne’ in the third information session held on site over the last seven months


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