The International Factors Group (IFG) has chosen Malta for its 52nd Annual Meeting, which will be held between the September 28 and October 1.

The IFG, which has over 160 members in 60 countries, is the international trade association that represents and promotes the interests of the factoring, invoice financing and asset based lending industry globally.

IFG chairman Margrith Lutschg-Emmenegger, who is also president of Malta-based Fimbank, explained that factoring remained the fastest growing trade finance product globally: “Growth in cross-border factoring has been driven by the continued growth in open account trade, especially used by suppliers in the developing world, and prompted by major retailers and importers in the developed world, as factoring has also become an acceptable alternative to traditional Letters of Credit. Central bankers and regulators have come to appreciate the product as a safe and secure way to finance trade, while governments and policy makers acknowledge the invaluable role factoring plays in financing SMEs”.

New edition of guide published by Frank Salt Real Estate

Frank Salt Real Estate has published another edition of Malta Your Island Home, a comprehensive guide for foreigners looking at buying or renting property – and possibly taking up residence – in Malta or Gozo.

The guide was conceptualised over 25 years ago and has since then seen a number of editions.

The guide includes useful information about the regulations governing buying and selling property in Malta, the various residence and citizenship programmes, and helpful information on relocating to Malta.

The latest issue will be available in a number of languages and is distributed via the company’s branch offices and through its network of overseas agents. It can also be downloaded through the company’s website. www.franksalt.com.mt

Starwood award for Westin director of food and beverage

Director of food and beverage Jason Degiorgio (left) being awarded the Starwood President’s Award by general manager Michael Camilleri Kamsky.Director of food and beverage Jason Degiorgio (left) being awarded the Starwood President’s Award by general manager Michael Camilleri Kamsky.

Jason Degiorgio, director of food and beverage at The Westin Dragonara Resort, has been awarded the President’s Award by Starwood Hotels and Resorts for his outstanding and remarkable performance during 2013.

The President’s Award recognises employees demonstrate exceptional or unique skills and achievements.

Michael Camilleri Kamsky, general manager at The Westin Dragonara Resort, said: “We are certainly very proud to have Jason on our team. Last year was a challenging year. Jason’s commitment and support contributed to ensure that we, as an important Starwood property, not only met our targets but even outperformed them.”

Mr Degiorgio joined The Westin Dragonara Resort in 2008.

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