Issue link: https://maltatoday.uberflip.com/i/1492790
€1.50 THURSDAY 16 FEBRUARY 2023 • ISSUE 193 WWW.BUSINESSTODAY.COM.MT PAGE 2 PAGE 3 PAGE 5 Polidano and Portelli in blame game after being fined for Psaila Street site mayhem MIA: 380,000 passenger movements in January Number of licensed motor vehicles up by 2,328 in Q4 2022 JAMES DEBONO TWO of Malta's largest construction conglomerates have engaged in a public tit for tat after both were fined by the Building Construcion Agency (BCA) af- ter after stones from a construction site in Birkirkara were seen falling into the street. e BCA fined Excel Ltd €3,150 and Polidano €5,000 over irregularities con- nected to the demolition of the Go Ex- change building in Psaila Street. Polidano is listed as a contractor of the project on the site notice while Ex- cel, a company owned by construction magnate Joseph Portelli, is the devel- oper. Wednesday afternoon, Polidano Brothers issued a statement rebutting an earlier statement by Joseph Portelli's Excel Limited. Excel Limited had announced that they were terminating their engage- ment with the contractor after it failed to abide by the method statement pre- pared by architect Maria Schembri Grima. "e contractor failed to abide by the said method statement and was care- less and reckless in the execution of the works." But Polidano reacted by saying that they were always following the in- structions of professionals engaged by Portelli's group which had sub-con- tracted them to carry out specialised demolition works. STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 15 Feb 2023 Number of Trades: 96 Turnover: € 1,698,927.18 MSE TRX Index: 7,542.12 Change: -0.043% Name: 4.75% BDPH MT0002121219 - Currency € Last Traded: 15 Feb 2023 Price 100.490 Change +0.490 US Dollar 1.0388 British Pound: 0.86477 Japanese Yen: 144.59 Australian Dollar: 1.5451 Swiss Franc: 0.98700 7,587.67 75.67 7,592.39 / 7,512.00 Value Net variation High / Low +1.01% 3.00% p.a. Fixed-term deposit account in Euro for 3 years. The Bank is a participant in the Depositor Compensation Scheme established under the Maltese Laws. Rate is quoted gross of tax on a per annum basis. Accounts can be opened with a minimum of €100. Interest is paid into a savings account. The Bank reserves the right to amend or withdraw the product from the market at any time and at its sole and absolute discretion. Terms and conditions apply. MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority under the Banking Act (Cap. 371). Fixed-term deposits just got beer. → direct 2557 4400 medirect.com.mt