Fimbank has been declared the Best Factoring Institution at this year’s TFR Excellence in Trade Awards, which recognises leading performers in trade services.
Meanwhile, London Forfaiting, another member of the Fimbank Group, also received the accolade of Best Forfaiting Institution.
Both Fimbank and LFC have been recipients of TFR awards in the past.
TFR is a leading international trade finance magazine.
Paragon leads Malta’s Digital Cluster
Paragon Europe has announced the formation of a Digital Cluster launching in October 2016. The formation of the Malta Digital Cluster will include stakeholders representing academia, government entities, NGOs, SMEs, start-ups and other entities from the business sector together with external experts in the digital sphere.
Discussions will focus on the different ways in which cluster members could collaborate, including participation in EU-funded projects and tenders; business opportunities; the sharing of knowledge and know-how; the dynamics of the cluster and the way forward.
There has been solid growth of digital clusters across Europe, helping to accelerate Europe’s digital economy and driving national and regional economic growth, a key part of the Juncker Plan and the drive on Digital Europe. According to recent studies, digital job growth is predicted to outperform all other occupation categories by 2020. In addition, 77 per cent of digital companies within clusters say they benefit from access to a network of entrepreneurs to interact with and to share ideas.
The Digital Hub forms part of the 10,000sqm campus of the Malta Life Sciences Park. Participation in the Malta Digital Cluster will be completely voluntary and no obligations or fees will be imposed on the members. For more information, contact Edwin Ward on edwin.ward@paragoneurope.eu.
Collective Social Responsibility Day at St Joseph Home
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Volunteers from the NGO JCI Malta, in collaboration with staff from Concept Stadium and KPMG in Malta joined forces recently to give a helping hand at St Joseph Home for boys in St Venera.
Around 30 volunteers dedicated a chunk of their Saturday clearing out rubble left over from the refurbishment that the home is currently undergoing. This exercise also included clearing out and organising the garages, where goods, destined to be sent to the missions in Peru, are stored.
In addition, members of JCI Malta, The Concept Stadium and KPMG in Malta will reimburse the home for expenses related to the hiring of skips on the day.
Two new APS dollar term deposits
APS Bank has launched two term deposit accounts in dollars.
The dollar term deposits offer an annual interest rate of two per cent for two-year terms, and of three per cent for five years. The minimum amount that can be deposited for either of these term deposits is $2,000. The interest, which is gross of tax, is paid into a savings account that is held with APS Bank once a year.
The product is subject to terms and conditions and falls under the Depositor Compensation Scheme.