2 JANUARY 2002

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NEWS

Ill-timed white paper leads to mixed reactions
The White Paper on employment and industrial relations is the latest talk of the town and, although it has been hailed as being as worker-friendly as possible, employers are generally feeling they have been given the short end of the stick. The white paper presented a professional and elegantly illustrated booklet form hit the road bang in the middle of the Yuletide festivities

Valletta Fund Management launches advantageous schemes for repatriation of funds
Following the recently announced Government scheme enabling Maltese residents with investments abroad to regularise their position, Valletta Fund Management (VFM) today announced that up to the 31 March 2002, investors wishing to invest their monies repatriated in terms of the Government's Investment Repatriation Scheme may invest the proceeds of their investments in the a number of Funds managed by Valletta Fund Management and benefit from a reduction of 3% from the applicable up-front charges which range from 3 to 4%.

APS Bank introduces new deposit service though selected Maitapost Branches
APS Bank Limited and Maltapost plc have announced the signing of an agreement that should be the beginning of a possible closer business relationship between the two service providers

Wide-ranging exchange control liberalisation now effective
The exchange control liberalisation measures envisioned in November’s budget came into effect yesterday. The measures are aimed at further relaxing the limits on certain types of current payments which are still subject to quantitative controls




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