Advert

News

  • Argentina braces for market reaction to second default in 12 years

    Argentina braces for market reaction to second default in 12 years

    Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines today and raising chances a recession could worsen this year. After a long legal...

  • €21 million needed to upgrade petrol stations

    €21 million needed to upgrade petrol stations

    A total of €21 million will be needed to upgrade petrol stations to bring them in line with an EU directive, according to the Malta Chamber for Small and Medium Enterprises (GRTU), which is concerned that many might have to close down. According...

  • Marsa Power Station fines reach €2.5m

    Marsa Power Station fines reach €2.5m

    Enemalta fines for the operation of Marsa Power Station have reached around €2.5 million, according to the Energy Ministry. Enemalta has already paid a €50,000 lump sum for each of the four plants, all of which have exceeded the 20,000-hour limit...

  • Tigné Point investor eyeing three more projects

    Tigné Point investor eyeing three more projects

    Investor Mark Weingard is planning to get involved with at least three major projects, with his time currently being taken up by a luxury boutique hotel on St Barbara’s Bastions and another site on St Paul Street in Valletta. The British...

  • More retirees are still working

    More retirees are still working

    There were 8,500 retirees still working at the end of 2013, of which 2,800 are over 65, according to Eurostat. The number has been rising steadily year-on-year, rising from 3,100 in 2007. In the first quarter of this year, the over-65s increased...

  • Revisiting the role of the MCESD

    John Bencini was appointed chairman of the Malta ­Council for Social and Economic Development over a year ago. Vanessa Macdonald asked him about his role and that of the council. Does the lack of real controversy and conflict mean you are not...

  • Turning down pension alarm level

    Finance Minister Edward Scicluna was unequivocal when he spoke at The Business Observer breakfast about pensions: the approach needs to be a continuous updated effort, instead of sporadic and intermittent steps. He also stressed that long-term...

  • Why we need economic transparency

    Why we need economic transparency

    Economic statistics increasingly make headlines in Malta. A country can only evaluate its progress correctly if the debate focuses on hard evidence rather than perceptions. Unfortunately, the search for sensationalism and summary information quite...

  • Putting solar energy to work

    Putting solar energy to work

    Joseph Schembri took one last look at the people gathered in the inverter room at Medserv and took a deep breath. He reached out and flicked the switch on the first one. You could have heard a pin drop. A low hum filled the room and lights...

  • Blevins Franks – Specialist wealth management for expatriates

    Blevins Franks – Specialist wealth management for expatriates

    Blevins Franks is the leading international cross-border tax and wealth management adviser to UK nationals living in Europe. Its overriding aim is to give clients the peace of mind that comes from knowing their financial affairs are in...

  • Creating a better climate for businesses

    The setting up of a new Business Development Unit within the Planning Directorate is enabling the Malta Environment and Planning Authority (Mepa) to provide a more efficient and business-oriented service, with a strong emphasis on reducing...

  • Official inauguration of ECCM Bank

    Official inauguration of ECCM Bank

    ECCM Bank plc will be officially inaugurated tomorrow evening by the Prime Minister of Malta, Dr Joseph Muscat. ECCM Bank plc is owned by Banasino Investments Limited and Douglas Insurance Company Limited, part of Kronospan. ECCM bank forms part...

  • Appointments

    Appointments

    Michael Bianchi, Ian Coppini and Paul Manduca (clockwise from left) have been promoted to the position of principal within the audit service line of Deloitte Malta. Mr Bianchi joined Deloitte in 2000 and during his time with the firm has worked on...

  • MSE Share Index up 0.6% as 4 equities rise

    MSE Share Index up 0.6% as 4 equities rise

    The MSE Share Index this morning recovered from its two-day negative performance, as it edged 0.6% higher to 3,374.883 points as four equities closed higher. Bank of Valletta plc advanced by 1% to the €2.10 level on volumes of 18,236 shares with...

  • 1,000 pupils in Catch the Drop competition

    1,000 pupils in Catch the Drop competition

    Awareness about water conservation is on the increase especially among primary and secondary students. This is evidenced by the participation of 963 pupils in a children’s drawing and painting competition on water shortage at Il-Fiera l-Kbira at...

  • New play area at Guardian Angel Resource Centre

    A newly-embelished school play area funded by the Vodafone Malta Foundation was inaugurated at the Guardian Angel Resource Centre in Ħamrun, including a set of sensory garden furniture, a set of adaptive swings and a modified basketball for...

  • MDA raises €36,500 for Malta Community Chest Fund

    MDA raises €36,500 for Malta Community Chest Fund

    A dinner at Montekristo Estate, organised by the Malta Developers Association, raised €36,500 for the Malta Community Chest Fund. President Marie-Louise Coleiro Preca explained that in the past 10 years, the incidence of cancer has doubled and the...

  • Piccola Casa di San Giuseppe gets Middlesea donation

    Piccola Casa di San Giuseppe gets Middlesea donation

    Middlesea Insurance recently presented a donation to Piccola Casa di San Giuseppe. The funds were utilised for the refurbishment of the home, which is situated in Valletta, particularly the bathroom. The Ursuline sisters, who run the home, take...

  • Vodafone helping hand at Dar Sagra Familja

    Vodafone helping hand at Dar Sagra Familja

    The legal team from Vodafone Malta rolled up their sleeves and headed down south to help the children and staff at Dar Sagra Familja in Żabbar. The team transformed an unused room within the home into a relaxation room for the children. The...

  • GSK trial set for August 8

    GSK trial set for August 8

    The public trial of a foreign couple linked to GlaxoSmithKline plc (GSK) is set for August 8, a Shanghai court said yesterday. Earlier this month, Chinese prosecutors accused British investigator Peter Humphrey and his American wife Yu Yingzeng...