03 September 2003

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Strong measures will be needed to allay spiralling deficit
- Country living on thin air, says veteran economist
By Matthew Vella
"We are chasing ghosts. We are hoping our gross domestic product will increase when revenue is not coming in, expenditure is rising, and wastage in human resources and other areas is rampant. We are a country living on thin air." READ MORE >>

Groundbreaking buyout, soaring profits leave investors non-phased
- FIMBank emerges triumphant in battle for London Forfaiting
By David Lindsay
Despite having announced that its profits for the first half of this year had leapt more than twice as high as last year’s and after announcing Friday it had emerged triumphant in its battle to acquire the world-leading London Forfaiting Company, Malta’s investing community still appears numb to the enormous growth potential Malta Stock Exchange-listed First International Merchant Bank holds at the moment.

I am not speaking to the press, says Alfred Mifsud
By Kurt Sansone
The Labour Party’s vigilance board decision on Saturday to publicly warn Alfred Mifsud not to continue "harming the Labour Party" in his articles came as a bolt from the blue after the good publicity the party enjoyed from the visit of the European socialists.

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Editor: Saviour Balzan
The Malta Financial & Business Times, Newsworks Ltd, Vjal ir-Rihan, San Gwann
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