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News

  • ULCs put into context

    The Governor of the Central Bank of Malta Josef Bonnici has played down the convergence of Malta’s unit labour costs (ULC) with those of the EU, saying that they were also a reflection of structural changes. During the presentation of the CBM...

  • Commission proposes ways to curb undeclared work

    The European Commission has proposed the creation of a European platform to prevent and deter undeclared work more effectively. The platform would bring together various national enforcement bodies involved in the fight against undeclared work, a...

  • Milking the EU for all its worth

    EU accession brought about radical changes to the dairy sector. Reams of regulations and standards meant that the production and processing sector had to invest heavily – or give up. But membership also brought funds which helped the sector to...

  • Local milk: €15m saving annually

    It doesn’t take much to come up with a list of disadvantages for the local dairy sector: small farms, lack of arable land for fodder and land for grazing, scant water, dependence in imported cereals for dry feed... But perhaps what people do not...

  • Say ‘cheese!’

    Has the EU affected the way we shop? Certainly consumer expectations are higher and, after the restricted choices of the past, we now expect to see variety. But do we really need 170 different cheeses? Scotts’ cheese counters are as long as those...

  • Counting on the future

    The workbook is just 12 pages long, but that is long enough to guide the user from basic accounting definitions to drawing up a trial balance. It might not be enough to run a multinational organisation on – or even a corner shop for all that matter.

  • ECB dismisses latest bank appeal over deadlines

    The European Central Bank has dismissed the latest appeal by the region’s biggest lenders for concessions, including easier deadlines, to make rigorous health checks of their industry less logistically onerous, sources told Reuters. ECB officials...

  • Toyota to recall 6.5m vehicles

    Toyota Motor Corp. in its second-largest recall announcement, said yesterday that it would call back 6.39 million vehicles globally after uncovering five different faults involving parts ranging from steering to seats. A number of Maltese owners...

  • Forfaiting: The alternative approach to export trade finance

    In many markets, buyers are likely to put more emphasis on cash flow rather than cash price. This is particularly true in emerging economies, where the availability of extended payment terms can greatly improve exporters’ chances of winning a...

  • P. Cutajar unveils own food brand

    P. Cutajar launched its first own food brand after almost 150 years in business as a leading importer and distributor of wines, spirits, food and confectionery. Olly’s Premium Eats is a range of six frozen premium meat products, including burgers,...

  • Exports down 3% in January/February

    Exports decreased by 3 per cent in the first two months of the year, according to the National Statistics Office, but when the increase in fuel and lubricant exports is factored out, the decrease in the other categories was nine per cent. The...

  • Banif team stalks ghosts in Vittoriosa

    Banif employees took to the streets and alleyways in Vittoriosa for a fun night of ghost stories, organised by the new Sports and Social Committee, freshly voted in for the year. As one of the oldest cities on the island, Vittoriosa was home to...

  • Road safety campaign targeted for children

    Middlesea Insurance and Fundacion Mapfre have launched a second school campaign to promote road safety to pupils aged 11 to 13 years. The campaign will reach more than 4,300 student in Form 1 and 2 from schools across Malta and Gozo. Road safety...

  • Cordium group acquires Zodiac Advisory Services

    Cordium, a global compliance consulting and software provider to the financial services industry, has acquired Zodiac Advisory Services, a provider of compliance, risk, accounting and governance services for the investment management industry in...

  • Campaign calls on employers and workers to tackle stress

    The European Agency for Safety and Health at Work (EU-OSHA) launched a two-year Europe-wide campaign, ‘Healthy workplaces manage stress’. The prevalence of work-related stress in Europe is startling. EU-OSHA’s latest pan-European opinion poll...

  • Company briefs

    Emirates has launched the Emirates App for iPad which allows customers to book flights, select seats and meals, manage their Emirates Skywards frequent flyer accounts, check in online, and download their boarding pass directly from the app, among...

  • BOV’s rebound reversed

    The 5.2 per cent rebound recorded during yesterday’s session in the share price of Bank of Valletta plc was almost completely reversed today as the bank’s equity slid 4.8 per cent lower, back to the €2.30,5 level on volumes of 34,105 shares. OV...

  • IMF sees rich nations propelling global growth but risks linger

    The International Monetary Fund yesterday predicted the global recovery would strengthen this year as output in richer nations picked up, but it warned of rising risks in emerging economies. In its latest global economic snapshot, the...

  • British economy basks in factory growth, IMF upgrade

    Britain got a double boost yesterday as its recovery from recession gathered more momentum and the International Monetary Fund raised the country’s growth forecasts by more than for any other major economy. Factories expanded production far more...

  • UK’s big four grocers losing market share to discounters

    Britain’s big four grocers – Tesco, Wal-Mart’s Asda, Sainsbury’s and Morrisons – all lost market share over the last three months to discounters Aldi and Lidl, industry data showed yesterday. The data from market researcher Kantar Worldpanel...

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