23 May 2007

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Slow but steady response to Government scheme on hoarded cash
Karl Stagno-Navarra
Banks and stockbrokers are reporting a “slow” but “steady” response from the general public to a government amnesty intended to encourage a gradual and orderly surrender of an estimated Lm250 million undeclared hoarded cash, and to facilitate its integration into the formal economy through the financial system before the country’s adoption of the Euro as its national currency.

Drop in tour operator business, ‘much greater than anticipated’ – MHRA President
Gerald Fenech
Although tourist arrivals for the first quarter of the year have increased considerably, this does not mean in any way that we have overcome or are about to overcome the current crisis in the tourism industry. Adding to this scenario, the drop in tour operator business for the months ahead appears to be much greater than had initially been anticipated.

MIA likely to invest in new Sicily airport
Charlot Zahra
Flughafen Wien, the Austrian company running the Malta International Airport (MIA) has been mentioned as one of the investors in a new airport in Sicily, BusinessToday has learnt.


George M. Mangion
Regulatory differences on remote gambling in the EU
There seem to be a greater need for discussions following the uncertainty prevailing on regulatory issues among various European jurisdictions concerning remote gambling, including advertising, taxation, cross border sports betting, implication of VAT, abuse of monopoly powers and location of servers. READ MORE >>

POINT OF VIEW - Censu Galea
Strengthening Malta’s role as a maritime hub
Maritime law is fast becoming a key growth sector
It is my great pleasure to once again witness the graduation of yet another crop of alumni of the International Maritime Law Institute, IMO’s premier institution, or rather, the world’s foremost institution in international maritime law.

Good news but work lies ahead
Last week’s much trumpeted announcement that Malta has been given the go-ahead by the European Commission to join the Euro zone next year is indeed good news for all, but especially for the business community. READ MORE >>

Serving a social mission
Prof Lino Delia, APS Bank chairman talks about the bank’s expansion always within its main shareholder’s mission and outlines its successes and ambitious plans for the future. READ MORE >>

Information Technology
New solutions and services to help enterprises optimize business outcomes
HP has announced new solutions and services aimed at capitalizing on the next phase of the technology industry – Business Technology. READ MORE >>

Innovative Business Solutions Ltd. introduces new POS Systems
In touch with your Point of Sale. Innovative Business Solutions Ltd. is now launching its POS [Point of Sale System]. READ MORE >>

HP Launches DRAGON to Help Telecoms in Fight Against Global Terrorism, Crime and Drugs
HP has announced a new data retention solution for telecommunication service providers that are being asked by governments to join the fight against global terrorism, organized crime and drug trafficking. READ MORE >>


Leasing model – ‘best option’ for government’s IT requirements – MIITI

Intel and STMicro form flash firm

HSBC expands global call centre in Malta

Government “actively considering” extending hoarded cash amnesty

The euro adoption - Q & A

HSBC first UK operator in Russia

First 340 Indigenous Maltese Olive Trees Planted

BOV Euro Changeover Familiarisation Seminars

Middlesea Valletta Life registers 24% increase in pre-tax profits

Increase over last year’s figures still expected – MTA Chairman


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Editor: Matthew Vella
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