22 MAY 2002

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Explosion in telecoms may be reason for slump in other sectors
The explosion in the local telecoms sector in a period of relative slump is proof of high spending and the shift in consumer preferences.

Four month government revenue up three per cent
Compared to the first four months of 2001, Ordinary Revenue from January to April of this year had increased by Lm6.2 million, or three per cent, and amounted to Lm215.3 million

Go mobile found cheaper than Malta from overseas, but Vodafone with a wider service
With both of Malta’s mobile telephony operators evening out in terms of the price of local calls, the next mobile pricing and coverage battlefield may present itself in the realm of overseas telephony

Advertising regulations in the limelight
Regulating TV advertising seems to have been a priority of the Broadcasting Authority throughout 2001. This is witnessed by the special focus on the regulations published in the latest Broadcasting Authority’s Annual Report

Public survey on phone mail published
An overwhelming 76% of respondents have unequivocally stated that Phone Mail should have been offered to subscribers at their request, and not introduced, arbitrarily, nation-wide. Furthermore, almost half of the respondents, that is, 47%, have actually had the service discontinued from their residential lines

Investors’ Corner
Mizzi Organisation Finance launches Lm5 million 6.7% Bonds 2009 – 2012
Mizzi Organisation Finance plc this week launched a public bond offering of Lm5 million at 6.7% interest, payable in arrears every six months. Each bond has a nominal value of Lm100. These bonds will be on sale from tomorrow and the offer will close on 31 May 2002 or earlier at the Company’s option

Outstanding results for Institute of Financial Services students
Financial services students coming from the Central Bank of Malta, Bank of Valletta and HSBC have recently attained outstanding results in their examinations leading to the joint award of ACIB and BSc Financial Services awarded by the Institute of Financial Services (UK) and the University of Manchester (UMIST)

Lombard Bank to acquire participation in Gasan Fund Management
Lombard Bank Malta and the Gasan Group have reached an agreement in terms of which the Bank will acquire a 75 per cent participation in Gasan Fund Management Limited

Property & Construction
2001 construction activity jumps 10%
The Central Bank of Malta reports that over the nine months leading up to September 2001, turnover in the construction industry was some 10 per cent higher than in the corresponding period of the previous year

Real estate prices rise 5%, in line with retail price index
Real estate prices had risen by some five per cent last year, according to data recently released by the Central Bank of Malta. However, the bank adds that the rise was only slightly more rapid than that in the RPI

Copyright © Network Publications Malta.
Editor: Saviour Balzan
The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07, Malta
Tel: (356) 21382741-3, 21382745-6 | Fax: (356) 21385075 | e-mail: editorial@networkpublications.com.mt