9 JANUARY 2002

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VAT lottery reaches stability point
By Kurt Sansone
The Public Lotto Department receives around 1,500kg of fiscal receipts every month to participate in the VAT receipts lottery and the amount has stabilised indicating that it is probably the same people who continue to send in their receipts month after month

Globe/British American merger still subject to due diligence
By David Lindsay
Globe Financial Management yesterday clarified the position of its proposed merger with the Maltese operations of British American Insurance (Mauritius), explaining that the merger is still subject to the satisfactory completion of the due diligence exercises currently underway on the part of both parties

Galdes denies clash with Dalli
Mr Galdes: "There are no personal clashes at all. My resignation is not linked to any of this, it is of a personal nature. I enjoy being involved in various activities and that is why I am involved in the Commission. At this point however I have decided to present my resignation from the post of chairman. It is understandable that I should be asked to re-consider this and I plan to give my definite reply to this request by next week."

New supermarket opening in St Venera
- Planning Authority blocks permit for additional story
Amid the rough patch that several of Malta’s supermarkets have passed through lately, which saw the closures of the Swatar, Burmarrad and Naxxar Price Clubs, a new supermarket will be opening its doors to business St Venera over the coming months. An estimated 200 jobs are expected to be created

Dragonara Casino owners take over major French casino group
Accor - the French corporate services provider, casinos group and owner of St Julian’s Dragonara Casino- is on its way to achieving its ambition to become the largest casino operator in Europe.

Alterra confirms Lm60.5 million MIA investment
According to an AFX Europe report in the Financail Times, the Grupo Dragados SA yesterday announced that the Alterra consortium is currently in the process of finalising the acquisition of a 40 per cent stake in Malta International Airport for the price of EUR150 million (Lm60.5 million)

Labour plans for Elections
Labour leader Dr Alfred Sant has confirmed that his party is hard at work organising itself for the next elections



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