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Business

  • Malta slipping in life insurance coverage

    Malta’s life insurance coverage slipped to just 37 per cent of the EU average in 2013, according to MSV Life chief executive officer David Curmi. The percentage is a significant improvement on 1998, when the life insurance market was virtually...

  • Deficit drops below 3%, debt up to €5.2bn

    Malta’s deficit has fallen below the Maastricht Treaty target of 3 per cent of GDP, according to statistics released yesterday. However, the government debt went up to €5.24 billion (73 per cent of GDP) compared with €4.87 billion (70.8 per cent...

  • Med Bank: a different business model

    Mediterranean Bank was given a second chance after its embarrassing default in 2009. But its business model – radically different to that of Malta’s major banks – has not always been fully understood or appreciated. Vanessa Macdonald spoke to CEO...

  • University engineering research pays off

    Imagine if you made a medical instrument which incorporates a lens in a plastic housing. It doesn’t sound too difficult until you consider that the lens measures only 2mm as it is part of a minute endoscopy camera used for internal...

  • Confidence in banking bounces back – EY

    After a number of years of sharp decline, confidence in the banking industry is on the rise, trust in individual banks is high and most customers across the globe are satisfied enough to recommend their main banking provider, finds EY’s 2014...

  • Europe-wide survey of family businesses

    The past few years have been, to say the least, challenging for businesses of all sizes and family businesses are no different. However, for this sector of the business community, navigating their way through the challenges associated with an...

  • BOV publishes 48th issue of its Review

    The 48th edition of the BOV Review contains four articles written by Maltese and foreign authors. The themes in this issue relate to the perceptions of Maltese retail-bank customers regarding service quality and internet banking; offshore...

  • MBN working on handbook

    Mediterranean Bank Network, a non-profit banking organis-ation, is currently working on a handbook for financial services in Europe. The project, titled Quadro (Quality Development Road-map for Training in the Financial Sector), is being funded by...

  • HSBC Malta ups Victory church support to €275,000

    HSBC Malta Foundation has increased its commitment towards Din l-Art Ħelwa with an additional €75,000 in financial support for the ongoing restor-ation of Our Lady of Victory church’s vault ceiling. This was announced by HSBC CEO Mark Watkinson...

  • Succession planning

    KPMG recently organised aconference on Tapping The Local Capital Market with the aim of explaining the benefits of taking a company to a stock exchange listing, the process involved and the regulatory obligations that a public listing entails. One...

  • IHI reports 26% increase in EBITDA

    International Hotels Investments reported an EBITDA profit of €35 million for the 2013 financial year, a 26 per cent increase on 2012. The profit after tax income was €266,000, compared with a loss the previous year of €10.4 million. The company...

  • Dealing with the skills mismatch

    The race to improve educational standards is ongoing in most EU countries. Ireland is keen to improve its competitiveness by investing in more technology in schools. In the UK there is growing awareness of the need to go back to basics by raising...

  • Share rally peters out on data, dollar slips

    The dollar fell and global equity markets edged lower yesterday in response to disappointing US housing data and weak corporate earnings that reversed market momentum after five days of gains. In Europe, rising worries over Ukraine also weighed,...

  • Malta is not considered a top European ICT hotspot

    Malta is nowhere near the top of the list of the most active and successful ICT hotspots in the EU. Munich, London, Paris or smaller cities such as Darmstadt are identified as a hive of tech activity in a new EU report and so-called atlas of ICT...

  • Vodafone employees burn calories

    Vodafone employees made it to the final of a charity fund-raising seven-a-side football tournament organised by the British High Commission and Inspire at St Martin’s College in Swatar last month. The tournament was a fun day for all the...

  • Interest rates and bank profits

    The Central Bank is one of the most important insitu­tions in the land, and that of governor one of the highest positions. Charged with setting monetary policy, alongside the Ministry of Finance, the bank held strong sway over the banking system.

  • Shipping movements

    The following ships are expected in Malta. The Karina from Tunis to Bejaia, the Nicola from Annaba to Algiers, the Taurus J from Bejaia to Annaba (all Carmelo Caruana Co. Ltd) and the Parsifal from Port Tangier to Port Said (Thomas Smith Shipping...

  • British Pathé footage on YouTube

    Newsreel archive British Pathé has uploaded its entire collection of 85,000 historic films to YouTube, making rare 20th century videos available to the public. History enthusiasts will now be able to watch footage of everything from the coronation...

  • Appointments

    Kenneth Farrugia has been reappointed as the chairman of Malita Investments. The board members are Vincent Mifsud, Frederck Mifsud Bonnici, Danny Russo, Ray Sladden, Paul Mercieca and Robert Suban. At the recent AGM, the board approved a gross...

  • Access to a bank account guaranteed

    All EU citizens, irrespective of their place of residence or nationality, are being guaranteed the right to open a basic bank account. The payment accounts package, as recently approved by the European Parliament, also ensures that fees and rules...

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