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  • Dutch shipbuilding firm eyes Marsa Shipbuilding

    Dutch shipbuilding firm eyes Marsa Shipbuilding

    Part of the Marsa Shipbuilding site – most notably the drydock – may be given to Dutch shipbuilding firm Damen NV, accordingto sources. This means the government will then be able to start negotiations with the preferred bidder for the rest of the...

  • Governor calls for diversification in sovereign debt

    The Governor of the Central Bank of Malta has called for changes to investments in sovereign debt, saying that it would be advisable for “stable alternative options to be identified to complement current practice”. Speaking during the annual...

  • Pensions gap halved

    Pensions gap halved

    The pensions gap has been halved since it was last calculated several years ago when the previous government was considering reforms to make pensions sustainable and adequate. Finance Minister Edward Scicluna announced during the recent annual...

  • Non-performing loans a challenge to banking sector

    Non-performing loans a challenge to banking sector

    The key challenge to the banking sector remained the upward trend in non-performing loans, according to the Central Bank of Malta’s update to its Financial Stability Report, which covers developments in the first half of 2014. It said that the...

  • Maltese labour costs up 2%

    Maltese labour costs up 2%

    Maltese labour costs went up by two per cent in the third quarter of this year, well above the 1.4 per cent increase across the EU as a whole, according to Eurostat. Wages increased by 2.1 per cent in Malta, and non-wage costs by 1.2 per cent,...

  • HSBC Malta considers sequel to €50m fund

    A €50 million fund launched by HSBC Bank Malta in December 2013 to spur business growth in Malta has been fully utilised, less than a year after funding became available. HSBC Malta is now considering another tranche of funding to respond to the...

  • New directors on BOV board

    New directors on BOV board

    Three new directors were elected to the Bank of Valletta board last week, two of whom had already served on the board in the past. George Portanier had been a director between 1992 and 2013 but was not elected last year. Notary Alicia Agius Gatt...

  • MBB welcomes €15m boost for private sector

    The Malta Business Bureau has commended the Maltese authorities for responding to the call of the European Council by making use of a joint SME Initiative. The European Commission last week approved Malta’s EU Operational Programme for the SME...

  • Gaming foundation launches programme to fund initiatives

    The Responsible Gaming Foundation has launched a €150,000 corporate social responsibility programme, which will fund initiatives to promote leisure activities which offer an alternative to gaming and gambling The money in the foundation’s fund is...

  • Air Malta names Britannia top travel agent

    Britannia is Air Malta’s top travel agent for individual, group and charter bookings for 2013/2014. The travel agency was presented with this award during a recent event in the presence of the local travel trade. Air Malta also gave FCM Travel...

  • Republic coin issued by CBM

    Republic coin issued by CBM

    The Central Bank of Malta has issued a silver coin commemorating the 40th anniversary of the establishment of Malta as a republic. The coin has a face value of €10 and was struck at the Royal Dutch Mint. The mintage is limited to 5,000 coins. The...

  • Malta slips in Forbes listing

    Malta has slipped to 35th places in the Forbes list on the Best Countries for Business, from 30th place last year. Malta ranked top for personal freedom, but in 112nd place for red tape. The Forbes Best Countries for Business report ranked 146...

  • Farsons appoints new chief officer

    Farsons appoints new chief officer

    Michael Farrugia has taken on the role of chief business development officer at Farsons, with a focus on the longer term export strategy. Mr Farrugia will be reporting to Farsons Group CEO Norman Aquilina and will join the group’s executive...

  • Social media award for MPS Marketing

    Marketing agency, MPS won the award for the best social media campaign during the 4th edition of eBiz Awards, organised by the Malta Communications Authority. MPS was nominated on behalf of Public Broadcasting Services, following a successful...

  • MSE index recovers after weeks of losses

    MSE index recovers after weeks of losses

    Following four weeks of declines, the Malta Stock Exchange (MSE) Index rebounded by 0.91 per cent, to recoup most of these past two weeks’ losses. The index’s positive performance was substantially aided by gains across shares of Bank of Valletta...

  • Fed vows continued patience on rate hikes

    In its last monetary policy meeting for the year, the US Federal Reserve (Fed) gave a strong signal that it was on track to raise interest rates sometime next year. The Fed changed its language and now expects it can be ‘patient’ in beginning to...

  • Company briefs

    MSV Life has launched an interactive retirement planning tool on its website. The tool takes into consideration salary, the number of years worked to date and age – as well as any existing savings. It also enables people to plan what income they...

  • Why women have to become smart long before they retire

    Why women have to become smart long before they retire

    Maltese women tend to live on average four years longer than men, according to Eurostat. This means that they need to think about their retirement even more than men, seeing as they are likely to have a longer retirement period. This issue is even...

  • Emirates brings Far East cultures to Malta’s streets

    Emirates brings Far East cultures to Malta’s streets

    Emirates, a global connector of people, places and passions, is bringing the culture of its Asian destinations to the streets in Valletta today and tomorrow. A mobile kitchen at Pjazza de Vallette will offer passers-by experiences and food...

  • Focal Maritime staff donate blood

    Staff members from shipping agent Focal Maritime Services volunteered to donate blood at the National Blood Transfusion Centre in Guardamangia as part of the company’s social responsibility activities. This has now become an annual event for the...