25 SEPTEMBER 2002

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UN ranks Malta fifth in global foreign investment locations
The United Nations has positioned Malta in fifth place among international recipients of foreign direct investment between 1998 and 2000.
In its 2002 World Investment Report released last week by the UN Conference on Trade and Development (UNCTAD), the UN produced a new ranking that compared no less than 140 countries’ share of global foreign investment with its share of gross domestic product for the 1998-2000 period. READ MORE >>

MES positioned for short-term oil price hike
With the prospect of an American and British-led war against Iraq growing more likely, international oil prices are also widely expected to surge to no small extent.
But as the spectre of rising oil prices and the ensuing implications loom, the Economic Services Ministry remains confident that Malta is as well positioned as possible for such a hike.
Speaking to The Malta Financial and Business Times yesterday, a Ministry spokesman commented, "Over the last couple years Enemalta, as well as Air Malta, have been purchasing their fuel requirements on the basis of formulas that link the actual price paid to the average price recorded over the preceding few weeks.
"This has been found to be an effective way to guard against short term fluctuations in the price of fuel." READ MORE >>



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