Advert

News

  • Shell boss gets $25.7m payout

    Royal Dutch Shell chief executive Ben van Beurden’s total compensation for 2014 will be €24.2 million, including €5.6 million in salary, bonus and shares plus pension and other items, the company said yesterday. Shell spokeswoman Sally Donaldson...

  • Equities rise as dollar off recent peaks

    Stocks in major markets rose yesterday as the dollar softened the most in a month against major currencies after surprisingly weak US data. The US currency retraced gains after earlier hitting a 12-year high versus the euro, pressured by a...

  • Company briefs

    Company briefs

    Adidas has thanked Eurosport for an outstanding 20 years of partnership and praised the company for the major refurbishment of its new concept store in Baystreet. “Michele Peresso Ltd has done an excellent job as our partner for the Maltese...

  • Various equities trade at new highs

    The share index extended its positive trend with a further 0.2 per cent increase to 3,622.359 points as various equities continued to reach new highs. Most notably, the equity of Malta International Airport gained a further 1.6 per cent to reach...

  • Schemes extended to commercial electric vehicles

    Schemes extended to commercial electric vehicles

    Transport Malta is anticipating a good response to its grant scheme for the purchase of electric vehicles by commercial companies. The first grants were issued last year for non-commercial electric vehicles, giving €5,000 if the driver scrapped a...

  • Maltese Cross compensation reaches €2m

    Maltese Cross compensation reaches €2m

    The Investor Compensation Scheme has so far paid out over €2 million to customers of failed investment firm Maltese Cross Financial Services – but the amount could go up even further. The maximum compens-ation that may be payable by the scheme...

  • GRTU prepares proposals for waste directive

    GRTU prepares proposals for waste directive

    The GRTU is putting together its proposals for the replacement of the despised eco-tax – a promise made by the government in the last Budget – but there are still numerous hurdles. The tax has to be removed by September 2015. The issue has been...

  • The future outlook for iGaming

    The future outlook for iGaming

    The iGaming industry is rapidly evolving from all angles, with changes such as new laws, EU directives, emerging jurisdictions, technological developments and consolidation shaking up the industry as a whole and, as a result, changing the rules of...

  • When money makes money

    When money makes money

    Benjamin Franklin once said that investment in knowledge pays the best interest. With interest rates persisting at record low levels, making the right decision on how and where to invest your money is harder than ever. The investor has to weigh up...

  • Thinking out of the box

    Thinking out of the box

    Several years ago, during an interview, Andy Gatesy had expressed his frustration with the time it was taking to get extra factory space. His family company, Toly, was growing and he needed to expand production capacity. The years have been kind.

  • Business models need regular update in current economic climate

    Business models need regular update in current economic climate

    The chief executive officer of a family-owned Belgian company believes that business models need to be changed every three to five years if companies are to survive – and Caroline Van Marcke knows what she is talking about. She belongs to the...

  • The need for forbearance

    Banks have found themselves in an unenviable position, trying to maintain an impossible balancing act between the European Central Bank (ECB), their shareholders and their clients. The ECB want banks to have ideally have clean balance sheets with...

  • Are corporate service providers over-regulated?

    The Company Service Providers Act 2013 came into force in December 2013 implementing Article 36 of Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing. The act...

  • CFO at PTL Group

    CFO at PTL Group

    Marina Carabott has been appointed as the chief financial officer of the PTL Group. She occupied the post of external auditor with KPMG Malta for five years, before joining Hili Ventures in December 2012 where she was involved with several key...

  • Group head for Momentum

    Group head for Momentum

    International pensions providers Momentum Pensions Group has appointed Susan Brooks as group head of administration and investment. The company has operations in Malta, Gibraltar, the Isle of Man and the United Kingdom. Ms Brook has worked in a...

  • Lady Judge appointed chair of IOD

    Lady Judge appointed chair of IOD

    The Institute of Directors has appointed Lady Barbara Judge, CBE, to take over the reins from Ian Dormer as global chairman as from May 1. Lady Judge has enjoyed a broad and successful international career as a senior executive, chair and...

  • Jugs Malta appoints new GM

    Jugs Malta appoints new GM

    Jugs Malta has appointed a new general manager, Bernard Micallef Cann. He has been involved in creating and running team-building activities for almost 20 years. He joined Jugs Malta as a full-timer two years ago but has been deeply involved with...

  • Strategic transition at Elmo Insurance

    Strategic transition at Elmo Insurance

    Elmo Insurance has promoted two employees, Chris Cuschieri and Anthony Cauchi, as general managers. In January 2015 the company’s general manager, Lino Ferris, retired from his position and was appointed special projects manager. Mr Cuschieri has...

  • New chief at Go

    New chief at Go

    Charmaine Farrugia has been appointed as chief transformation and business planning officer at Go. Ms Farrugia originally joined MobIsle Communications, a fully-owned subsidiary of Go plc, in 2000. She was recently heading the strategic marketing...

  • Deloitte Global selects new CEO

    Deloitte Global selects new CEO

    Punit Renjen has been selected as Deloitte Global’s new chief executive officer. Currently Deloitte US member firm chairman of the board, he will assume the new role on June 1, the start of Deloitte Global’s new fiscal year. Mr Renjen, who has...