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The project of the second interconnector, also known as IC2, has reached another milestone as the procurement process for the installation of two shunt reactors and a transformer has been concluded following an evaluation process of the offers received through a public call. AG Installations...
The Malta Chamber of Commerce, Enterprise, and Industry has long advocated for the principles of good governance, emphasizing transparency, accountability, and the separation of Government, civil service, and political parties. These values are essential for maintaining Malta’s reputation as a...
MeDirect Group published its financial results for the first six months of 2024. Net operating profit of €5.4 million was recorded, an increase of by 7% from the equivalent figure for the first half of 2023. This growth in net operating profit was underpinned by an increase of 8.6% in operating...
Moneybase.bond - Clone The Malta Financial Services Authority (MFSA) has become aware of an entity by the name of Moneybase.bond which has an internet presence at https://moneybase.bond/. This entity is using the details of an MFSA licensed company Moneybase Limited. Fraudsters are using the...
Bank of Valletta continues to invest in the professional growth of its employees, reinforcing its commitment to excellence in the financial industry.
Bank of Valletta continues to invest in the professional growth of its employees, reinforcing its commitment to excellence in the financial industry. As part of this effort, BOV Asset Management sent four of its Financial Advisors to London for an exclusive two-day training program at Insight...
Consumer protection is a strategic pillar for the MFSA. By championing financial literacy and promoting a stable financial system, the Authority is committed to fostering responsible and informed financial decision-making by investors. To achieve this mission, the MFSA is coordinating with other...
GO plc has published its interim financial report for the first half of 2024 showing revenue of €113.5 million which led to a consolidated profit before tax of €14.3 million for the first six months of 2024, a slight decrease from the €15.1 million reported in 2023. The Group’s €113.5 mill...
Investment in energy distribution must keep evolving to meet with the country’s development, executive chairperson of Enemalta, Ryan Fava, said in an interview with this media house.
Investment in energy distribution must keep evolving to meet with the country’s development, executive chairperson of Enemalta, Ryan Fava, said in an interview with this media house. In the past months Enemalta has been upgrading its network following a spate of power cuts that hit the country...
Opinion by Clint Azzopardi Flores, an economist and former PSC Ambassador.
Last weekend I decided to dedicate some time to nature. Technically, we need to understand nature if we truly want to contribute towards its welfare. We cannot talk about collapsing ecosystems, environmental degradation, as well as biodiversity loss, without connecting with the environment...
Opinion by Silvan Mifsud, director at Advisory and also a council member of The Malta Chamber
Albert Einstein is quoted as saying that “we cannot solve problems by using the same kind of thinking we used when we created them”. This column for the past weeks has spoken on the need to move away from an economy that needs large input of persons, to an economy with much higher technology...
Opinion by Lina Klesper is an International Legal Assistant at PKF Malta
Lina Klesper is an International Legal Assistant at PKF Malta In recent years, China's emergence as a global powerhouse in various industries has been nothing short of remarkable. From technology to consumer goods, Chinese firms have rapidly expanded their influence worldwide. A particularly...
Bank of Valletta’s first Financial Well-Being Centre officially opened its doors last week, marking a significant milestone in the local financial services sector. The opening was attended by the Bank’s Chairman Dr Gordon Cordina, CEO Kenneth Farrugia, Chief Personal and Wealth Officer Simon...
A collaboration between The Malta Chamber of Commerce, Enterprise and Industry and Malta Enterprise will see start-ups benefitting from a one-year membership with The Malta Chamber. The agreement will allow businesses hosted at the Korradino Business Incubation Center (KBIC) to strengthen their...
During the first quarter of 2024, the Maltese economy expanded at a marginally faster pace when compared to the previous one. When adjusting for imports, exports remained the main contributor to economic growth, although domestic demand also had a positive impact. The Bank’s estimate of the...
The Malta Financial and Services Authority (MFSA) said Friday it is investigating claims of insider trading made on the social media by financial expert and former Malita Investments Chair Paul Bonello. Bonello alleged that on Thursday morning, “some insiders, or those tipped by them,” had made....
Malta International Airport today unveiled its Net Zero Carbon Plan, which outlines the company’s decarbonisation strategy and sets ambitious targets for the airport to reach carbon neutrality by 2025 and achieve net zero carbon emissions by 2050. Addressing a press conference earlier today...
Hili Properties plc, the real estate arm of Hili Ventures Ltd, has successfully secured the remaining 25% shareholding of Baneasa Real Estate SRL, the company which owns the MIRO Office Building in Bucharest, assuming full ownership as of August 1, 2024. The addition of MIRO to Hili Properties’...
Opinion by Clint Azzopardi Flores
Last weekend, I took the opportunity to watch the opening ceremony of the 2024 Summer Olympics in Paris. The last time I watched the opening ceremony with so much interest was in 2012, when the Summer Olympics were hosted in London. At that time, I was still living in the UK. On a flight back to...
McDonald’s has suffered its first global drop in sales since 2020, as consumers around the world balk at the higher cost of burgers, fries and soft drinks. Comparable sales at the fast-food chain fell 1 per cent year on year in the three months to the end of June, sliding in both international...
Opinion by George Marius Mangion Tune
Economists define “development” as a force for good, implying change resulting in growth and advancement to improve the quality of life for all citizens. Sustainable development can be given an economic definition: one that makes a country wealthier, better educated, healthier. If this is the.....
Universal Air, a Maltese airline headquartered at Malta International Airport in Luqa, is getting ready for a big summer in 2025 with new destinations to travel to, the airline’s CEO Simon Cook said.
Universal Air, a Maltese airline headquartered at Malta International Airport in Luqa, is getting ready for a big summer in 2025 with new destinations to travel to, the airline’s CEO Simon Cook said. Speaking to The Malta Business Weekly, Cook spoke about the small airline, which aims to open...
Notwithstanding the fact that inbound tourist arrivals increased by 21% during the first five months of 2024, and the domestic arrivals in collective accommodation increased by 7% during the first quarter of 2024, tourism operators in Gozo encountered decrease in their revenue during the first...
The Malta Chamber of Commerce, Enterprise and Industry is acutely aware of the ongoing issues surrounding the employment of Third-Country Nationals (TCNs) in Malta.
The Malta Chamber of Commerce, Enterprise and Industry is acutely aware of the ongoing issues surrounding the employment of Third-Country Nationals (TCNs) in Malta. The Malta Chamber emphasizes the necessity of employing TCNs only where there is a demonstrable need within the labour market, and...
Two governmental measures have been introduced in order to better control the Maltese labour market; the regulation of temping agencies and the introduction of a skills card in the hospitality sector, Prime Minister, Robert Abela, said on ONE Radio on Sunday. He added that there will be a...
MeDirect, Malta’s first digital bank and Epic, Malta’s leading communications services provider, announce a new partnership that will leverage the strengths of both organisations while enhancing customer experience. To celebrate the start of this collaboration between two of Malta’s most...
The Single Permit, which combines residence and work authorisation, undergoes a rigorous assessment process managed by Jobsplus. This process includes comprehensive labour market testing to ensure alignment with current employment needs. Such testing evaluates the availability of local workers...
The Board of Directors of APS Bank plc met on 25 July 2024 and approved the Condensed Interim Financial Statements for the half year ended 30 June 2024. The period under review continued presenting a complex and dynamic landscape with economies moving at different speeds as they emerge from the...
Sana Salim Sayyed received a Master of Science degree in Strategic Management & Digital Marketing from the Faculty of Economics, Management, and Accountancy, University of Malta.
Stepping into a world where reality blurs and imagination comes to life. VR technology offers an unparalleled opportunity for brands to immerse consumers in captivating narratives, surpassing the limits of traditional advertising and forging profound connections with audiences. In my exploration...
Central Bank Governor Edward Scicluna has remained defiant in the face of calls for his resignation, despite the court decree in the hospitals case that was delivered on Wednesday A court on Wednesday found enough prima facie evidence for Scicluna, and others to be indicted. Ronald Mizzi, who is...
Opinion by Clint Azzopardi Flores
Now that the EU top posts are about to be filled, the next step is the remaining nominations and approval of EU Commissioners, which includes, among others, the post of High Representative currently designated to Kaja Kallas. By now, you all know what I think of Ursula von der Leyen. During the...
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Minimum corporate tax: ‘I have to answer to my people,’ Caruana tells EU ministers https://maltabusinessweekly.com/watch-minimum-corporate-tax-i-have-to-answer-to-my-people-caruana-tells-eu-ministers/17672/
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