The acquisition of a 35 per cent stake in Maltapost by Transend
Worldwide, without the issue of a tender does justice to the claim made
in Transends annual report for 2001, which states that the company
is regularly asked to undertake contracts without undergoing a
competitive tender process by virtue of the experience gained
in the field.
Naples Lm96 million terminal to challenge
The Port of Naples recently announced it is to further crowd the intensely
competitive Mediterranean container transhipment market with an ambitious
new box terminal, at a cost of EUR240m (Lm96m).
Maltese flagged still in dire straits
Salvage teams working desperately to refloat the waylaid Maltese-flagged
cargo ship, the Kodima, continued to be thwarted yesterday by heavy
seas, as the Malta Financial and Business Times went to print last night.
Libyas investment potential explained
Maltese investors, yesterday got a taste of the opportunities to be
found across the sea in Libya at a meeting organised by the Chamber
of Commerce, which was addressed by the secretary of Libyas General
Industrialisation Corporation, Hassan Hammed Abdallah
Foreign press lauds work flow at
The Maltese dockyards are not always seen in bad light. Lloyds
list yesterday reported that the Malta Drydocks was fully occupied,
and that the recent run of bookings for the yard has given work to all
five of its five docks
Foreign direct investment discussed
in Bank of Valletta seminar
Cirkewwa terminal works on schedule
Edwin Calleja, Director General of the Malta Federation of Industry,
recently addressed Bank of Vallettas management team on the development
of foreign direct investment in Malta. The presentation discussed Maltas
past, present and future situations with regards to foreign investment
and the evolving of Maltas economy. The seminar, held at BOVs
Head Office, was organised by the Banks Economics Unit.
Following the approval by the Planning Authority of the building of the
Passenger Terminal, car park and the marshalling areas at Mgarr Harbour,
the Malta Maritime Authority is focusing its operations on the Passenger
Terminal and marshalling area at Cirkewwa.
METCO launches international marketing
HSBC celebrates one millionth direct
The Malta External Trade Corporation recently launched the fourth edition
of the METCO International Marketing Awards, which has now become another
important activity in the Corporations calendar of events
To celebrate HSBCs one millionth direct credit transaction, Mr and
Mrs Carmel Debono of Fgura have been presented with a weekend break at
the Mgarr Hotel in Gozo as well as a copy of the publication The
Temple of The Knights of Malta by Nicholas de Piro.
Borg Olivier re elected as UFTAA director
The 35th World Congress of the Universal Federation of Travel Agents
Associations, with its headquarters in Monaco, was held in Tunisia between
23-27 January. The new UFTAA-Monaco Statute, which came into effect
in 2002, reduces the world regions from 16 to 9 and allows for one director
to represent one region.
METCO International business exchange
METCO's Euro Info Centre [EICC] is co-ordinating the participation of
Maltese companies in EuroPartner - an international business
co-operation exchange due to be held in Dortmund, Germany between 24
and 25 June.
HSBC reduces base rate
More than 60 regional and general managers, overseas representatives
and senior executives from the 15 countries where Corinthia Hotels International
operates recently attended 'CHI@nextdimension 2002', a four day Annual
General Conference held at the newly refurbished Corinthia Jerma Palace
Hotel in Marsascala.
Following the decision made by the Central Bank of Malta to
reduce the Central Intervention Rate and the Discount Rate by 25 basis
points to four per cent, HSBC Bank Malta has announced that, with effect
from 5 February, the interest rates on all of its personal and commercial
lending products, including home loans, will be reduced by 0.25 per cent.