Tag: Gasan
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A history of feudal and rent-seeking economics
If the Labour government follows through on reclaiming Manoel Island from MIDI after its failure to fulfil contractual obligations, it would mark the end of a deal that stands as a textbook example of Malta’s long history of rent-seeking by some of the country’s most powerful business families. The public land deal by which MIDI’s…
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If no one wants to buy it then it’s worth 0
So much for the government’s and Miriam Dalli’s constant cover-up and defense of Electrogas and its investors who run it. Gasan can’t sell its shareholding of Electrogas which it owns through GEM Holdings, meaning that mark to market, their shares have no bids and may technically be worth 0. Yet, the dilettantes in government have…
