21 NOVEMBER 2001

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LM40 million more with TCU around
By Kurt Sansone
Acting as the intelligence arm of various tax collecting departments, the Tax Compliance Unit is expected to increase Government revenue by Lm40 million over a five year period in recouped taxes.

Marketing fund must be used at the right time – MHRA
By Miriam Dunn

The Malta Hotel and Restaurants Association is hoping that their initiative for the setting up of a special fund specifically for public relations and marketing in the aftermath of the 11 September terrorist attacks and resulting war will give the tourism industry a much-needed boost, but they still believe the main problem that needs addressing in the sector is the problem of seasonality.

Negative GDP for second quarter running
For the second quarter running, Malta’s Gross Domestic Product has registered negative growth. The National Statistics Office yesterday reported that Malta’s GDP in real terms for this year’s third quarter had declined by 1.3 per cent to Lm356.3 million. Over Q2 this year, meanwhile, real GDP was down by 0.6 per cent falling to Lm347.2 million



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