Bidding for the sale of government’s 60 per cent shareholding in Maltacom comes to a close today with five companies likely to submit their offers, Business Today has learned.
The restriction on the closing times of clubs discourages foreign clubbers from visiting Malta, despite the island’s vast potential in this sector according to one top UK promoter.
Malta may yet see the birth of a third mobile network player in the likes of Egyptian telecoms company Orascom, even if it is still unclear what the company’s intentions are after it registered a company in Malta on 30 December.
Between 2003 and 2004, household savings took a nose- dive from Lm47.6 million to Lm12.1 million, a decrease of 75 per cent in just one year. Concurrently, disposable incomes also fell from Lm1,172 million to Lm1,165 million.