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  • Portanier is new MIT chief

    Portanier is new MIT chief

    George Portanier has been appointed the chief executive officer of the Malta Institute of Taxation (MIT). Portanier is a former director and CEO of Portanier Brothers Ltd. He also serves on the boards of other private companies as well as on the...

  • New managing director for Actavis

    Actavis has appointed Patrick Cachia as managing director Malta operations for the group’s two pharmaceutical manufacturing sites in Malta, Actavis Ltd in Bulebel and ArrowPharm Ltd in Hal Far. Mr Cachia will have overall responsibility for the...

  • New highs for RS2 Software, Island Hotels Group

    The share price of RS2 Software initially dropped to an intra-day low of €2.90 this morning (2.5 per cent lower than the previous closing price) on volumes of 6,830 shares. However, a deal of 666 shares was later executed at a new all-time high of...

  • Sector upbeat on oil squeeze

    Sector upbeat on oil squeeze

    Some of the main operators in the oil sector in Malta are upbeat about their prospects. They are convinced that the normal cycles will eventually bring the price back up – and that there are opportunities to be had during the current period of...

  • SME application refusals down to 10%

    SME application refusals down to 10%

    The percentage of development applications from SMEs refused by Mepa has gone down from almost 50 per cent to just 10 per cent, following a number of changes to improve the system. Robert Vella, head of the recently set up Business Development...

  • Forces of evolution or revolution?

    Forces of evolution or revolution?

    The planned acquisition of the Island Hotels Group by IHI is the largest private transaction on the islands – and the first by publicly-listed companies. The surprise announcement generated a number of questions about the motivation behind the...

  • The cards up his sleeve

    The cards up his sleeve

    It was clear from the outset that the launch of a Valletta FC branded card in November 2013 was not your normal press event. For a start, it was a gala dinner at one of the most prestigious locations, and the guests included top businessmen and...

  • Riding Corinthia’s kite

    The planned acquisition of Island Hotels Group by Corinthia’s IHI is a first for Malta in many ways. It is almost certainly the largest such transaction between private companies in Malta and it is also the first between publicly listed...

  • The economics of terrorism

    The economics of terrorism

    The tragic events which took place in Paris are a stark reminder that terrorism is a pervasive phenomenon. The use of violence and intimidation in order to bring about change is gaining momentum. Like any behaviour, terrorism is influenced by...

  • PKF promotes captive industry in Malta

    PKF promotes captive industry in Malta

    With the commencement of the new insurance environment and the implementation date of Solvency II around the corner, PKF Malta participated in the Captive Live 2015 conference in London, which was spread over two days. Senior audit partner George...

  • Leading provider of fund and corporate services

    Leading provider of fund and corporate services

    Alter Domus is a leading European provider of fund and corporate services, dedicated to international private equity and infrastructure houses, real estate firms, multinationals, private clients and private debt managers. Our vertically integrated...

  • HSBC Mobile Banking App exceeds 15,000 customer downloads

    HSBC Mobile Banking App exceeds 15,000 customer downloads

    Over 15,000 customers downloaded the HSBC Mobile Banking App in less than four months after HSBC Malta launched its mobile banking solution. The free app brings the power of HSBC’s suite of banking services to smartphones and tablets, enabling...

  • MFSA and Directors Chambers announce fund directors course

    The Malta Financial Services Authority (MFSA) and Directors Chambers have announced a continuing professional development course for directors of investment companies and investment funds. The course will be held at the Hilton Hotel in Malta on...

  • Layout of a store registrable as trademark

    The representation of the layout of a retail store may be registered as a trademark, the Court of Justice of the European Union recently confirmed. In order to qualify as such, such a representation must however be capable of distinguishing the...

  • UK’s 2014 growth was fastest in seven years

    UK’s 2014 growth was fastest in seven years

    Britain’s economy recorded its fastest annual growth since 2007 last year despite a bigger-than-expected slowdown in the final three months of 2014, giving a mixed message just 100 days before Britons go to the polls. British gross domestic...

  • Siemens profit falls as price pressures hurt power and gas

    Siemens profit falls as price pressures hurt power and gas

    Siemens has missed its first-quarter profit forecasts and announced management overhauls at its power and gas and healthcare divisions, putting pressure on chief executive Joe Kaeser before a shareholder meeting yesterday. Kaeser, a former Siemens...

  • EU aims to complete capital markets union by 2019 – document

    The EU will put in place its “capital markets union” by 2019, starting with encouraging direct investment in businesses, an EU document shows. The document sets out a timetable for the first time on a core policy plank of the Europ-ean Commission...

  • Multinational earnings hit hard by strong dollar

    As earnings season heats up, a slew of large multinational companies have posted disappointing results and outlooks with a common culprit to blame – a strong dollar. The impact has crossed sectors ranging from industrials to technology, affecting...

  • Oil gives up early gains on firm dollar, shrugs off Opec comments

    Oil gives up early gains on firm dollar, shrugs off Opec comments

    Oil gave up early gains with Brent futures slipping below $48 yesterday as a stronger dollar weighed, offsetting comments from producer group Opec that prices may have found a floor. The secretary-general of the Organisation of Petroleum Exporting...

  • Stocks fall on low US earnings and euro up v dollar

    Global stock indexes fell yesterday following disappointing earnings results and weaker-than-expected US durable goods orders, while the euro rose for a second day against the dollar. All three major US stock indexes were down around two per cent...