News
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Sanofi steps up diabetes drive as drugmakers raise the stakes
In a leafy suburb of Frankfurt, a state-of-the-art plant churns out up to one million insulin pens every day in French drugmaker Sanofi’s drive to keep its No.2 spot in the $43 billion (€32.4 billion)-a-year diabetes market. The facility is part of...
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Japan needs to cut corporate tax
Japan should consider lowering its corporate tax rate as a part of its growth strategy to attract more foreign investment, an economic adviser to Prime Minister Shinzo Abe said on Friday. Koichi Hamada, professor emeritus of economics at Yale...
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Shipping movements
These ships are expected in Malta: The Nicola from Algiers, the OPS Hamburg from Annaba to Skikda, the CMA CGM Erving from Port Klang to Valencia, the Cape Manila from Misurata to Misurata, the Saint Roch from Benghazi to Benghazi (all Carmelo...
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28% of tourists staying in private accommodation
The Malta Hotels and Restaurants Association is trying to analyse a significant shift in the number of tourists who are staying in private accommodation rather than hotels, guesthouses and hostels. The trend has been eclipsed by the overall increase...
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Time to get ready for the AIFMD
The new EU directive on alternative investment fund managers, which came into force on July 21, 2011, needs to be transposed into national law by July 22. The Alternative Investment Fund Managers Directive (AIFMD) is one of a package of measures...
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New chairman at MSV Life plc
John Cassar White has been appointed chairman of MSV Life, succeeding Frederick Mifsud Bonnici. Mr Cassar White will also be the chairman of Growth Investments Ltd, a wholly-owned subsidiary of MSV Life as well as chairman of the investment...
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MIM calls for economic plan
The re-elected president of the Malta Institute of Management, Reuben Buttigieg, has called for a national economic plan to be formulated, saying that this appeal was already been made several times in the past, without success. The Institute...
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Curmi calls for clustering
The president of the Malta Chamber of Commerce and Industry, David Curmi, has called for foreign-owned companies operating in the financial services sector to interact with local companies. Speaking at a conference organised by the German-Maltese...
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Conference to promote Mongolia
FMG, a specialist in emerging and frontier markets investments, is organising a conference on Mongolia, as part of the run-up to a five-day investor trip to the country in September. FMB launched its Mongolia Fund a year ago and has now issued an...
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Vodafone introduces standard plans
Vodafone has launched a new pre-paid ‘worry free’ proposition which gives customers the freedom to call anyone in Vodafone community for only 10 cents per call, all day, every day. Apart from the 10-cents-per-call rate, customers also get to enjoy...
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BMIT launches cleaner website for businesses
BMIT has just launched its new website, allowing businesses to securely access data centre and cloud resources, storage, web hosting, and an assortment of applications at the click of a button. Designed and developed by Icon, the new website offers...
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Malta ratifies OECD tax convention
Malta has ratified the 2010 revision to the Organisation for Economic Co-operation and Development convention on tax, deemed to be the most comprehensive multilateral instrument available for all forms of tax cooperation, tax evasion and...
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Global equities rally after US jobs data
Global equity markets rallied on Friday after it was announced that US employment grew by 175,000 in May. Economists had anticipated an increase of 167,000. Despite this, the unemployment rate edged higher to 7.6 per cent from the 7.5 per cent in...
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Unemployment in euro area hits new record high of 12.2%
As the 17 countries that make up the euro area continue to be mired in a lengthy recession, the unemployment rate in the area was 12.2 per cent in April, an increase on the 12.1 per cent reported in March. This is the highest since the data series...
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The importance of training real estate agents in today’s market
Not very long ago, just about anyone who had the gift of the gab and who owned a vehicle could become a reasonably successful real estate agent. Should one draw up a list of the necessary qualities a modern, professional real estate agent needs...
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Door-to-door glass collection service launched by Green Pak
A new door-to-door glass collection service will be held every first Friday of the month in localities operating under the Green Pak scheme. In Gozo, the service will operate every first Thursday of the month. Parliamentary Secretary for Culture and...
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Bundesbank puts dampener on German trade optimism
German trade activity rose sharply in April, but a cut in the Bundesbank’s growth forecast dampened hopes that Europe’s largest economy might be gaining momentum. Exports rose 1.9 per cent and imports by 2.3 per cent, Federal Statistics Office data...
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Positive week for banks
Local investors showed reliance in the local equity market as the Malta Stock Exchange index managed to record gains throughout the entire shortened week, due to yesterday’s public holiday. The MSE index managed to close the week 0.76 per cent...
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Canada charges chocolate makers Mars and Nestlé with price fixing
Canada has charged two of the world’s biggest candy makers, Nestlé SA and Mars Inc, with colluding to fix the price of chocolate, the Canadian competition watchdog said. Canada’s Competition Bureau recommended lenient treatment for the Canadian arm...
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European shares bounce back after US jobs data
European shares ended sharply higher yesterday, reversing losses after US jobs data indicated the economy was growing, but probably not enough to prompt the Federal Reserve to wind down its stimulus measures. The rally was broad-based, with banking...
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