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  • ­­­Shipping movements

    The following ships are expected in Malta: The CMA CGM Titus from Fos-sur-Mer to Suez, the Pollux from Antalya to Antalya, the Saint Roch from Misurata to Misurata, the CMA CGM Christoph Colomb from Le Havre to Khor al Fakkan (all CMA CGM Malta...

  • Parallel importation is causing ‘distress’ – PwC

    Parallel importation is causing ‘distress’ – PwC

    A predominantly positive picture painted by local importers and distributors has been marred by “a particular level of distress” as a result of parallel importation. A survey of the sector by PwC conducted in June found that 40 per cent of...

  • Government expenditure almost half of EU GDP

    The money spent by the governments of the 28 EU member states represents half the union’s GDP – but the amount varies from 35 per cent in Lithuania and Romania to more than 57 per cent in Finland, France and Denmark. The average for the EU 28 was...

  • Six million visit Expo Milan 2015

    Expo Milano 2015 has attracted six million people in just two months, with over eight million tickets sold. A number of pavilions have been particularly successful, with the Brazilian and American ones already attracting a million each. France has...

  • Over 90% accept IHI bid

    Over 90 per cent of the shareholders in the Island Hotels Group have so far accepted the offer made by the International Hotel Investments (IHI), the company said. IHI received acceptances in respect of 94.28 per cent of the entire issued share...

  • Medichem passes US FDA inspections

    Medichem’s plant in Celrà (Girona) has passed a US Food and Drug Adminis­tration inspection without any observation, for the sixth consecutive time. In February, Malta’s plant went through its second consecu­tive inspection without any Form 483...

  • Maltco gives €50,000 to Responsible Gaming Fund

    Maltco Lotteries presented a contribution of €50,000 towards the Responsible Gaming Fund, which offers 24/7 support via a national help line and promotes education on behavioural addictions and responsible gaming to school children, the public and...

  • Nominations open for 5th eBusiness Awards

    Nominations are open for the 5th edition of the Malta Communication’s Authority’s eBusiness Awards, which acknowledge the effective integration of ICT applications. The awards have showcased some of the best solutions developed by locally-based...

  • €14m profit for Argus Group

    €14m profit for Argus Group

    Argus Group Holdings announced a net profit of €14.5 million for year ended March 31, 2015, compared to €12 million in the previous year. Its board has declared an interim dividend of 8c per share. “This solid result, which was negatively impacted...

  • €13 million bond issue from 6PM

    6PM Holdings is issuing €13 million of unsecured bonds with a coupon rate of 5.1 per cent, redeemable in 2025. The nominal value will be €100 per bond issued at par. The issuer will be granting preference to shareholders listed in the share...

  • Course on payment handling for retailers

    A programme is being organised by the Central Bank of Malta and the GRTU Malta Chamber of SMEs to train retailers on handling payments. The GRTU, in consultation with the bank, launched a survey in October 2014 which showed that only 52 per cent...

  • Eighth straight week of gains on the MSE

    Eighth straight week of gains on the MSE

    The Malta Stock Exchange (MSE) index extended its streak of weekly gains to eight, ending the week up by 0.51 per cent and closing at 4,128.819 points, a few points shy of a seven-year high of 4,137.924 points reached on Wednesday. Pushing the...

  • Make-or-break decision time over Greek bailout

    In last Sunday’s referendum in Greece, voters overwhelmingly delivered a ‘no’ vote to the eurozone’s terms for the country to remain in the single currency. This dramatically increased the odds of Greece exiting the eurozone. Discussions that took...

  • Company briefs

    Company briefs

    Go will be doubling the data on all its Pay As You Go bundles until August 16. Customers purchasing any of these bundles will also have access to Go’s high-speed 42Mbps nationwide network. Go will launch a number of new mobile data bundles...

  • Swiss-EU deal to end banking secrecy

    Swiss-EU deal to end banking secrecy

    Switzerland and the EU have signed a major accord to automatically exchange information on the financial accounts of each other’s residents. EU taxpayers will no longer be able to hide undeclared funds in Swiss banks. After coming up to increased...

  • Employees honoured at Shine Awards

    Employees honoured at Shine Awards

    For the second consecutive year, Vassallo Group of Companies organised the Shine Awards, rewarding employees who stand out for their excellent performance throughout the year. The event, held at the Diamond conference hall in Qormi, was hosted by...

  • De La Rue factory at industrial estate

    To mark the 40th anniversary of De La Rue’s operations in Malta, chief executive officer Martin Sutherland welcomed a number of customers, government officials and local business stakeholders. Following introductions by Mr Sutherland and head of...

  • Group plans expansion

    Group plans expansion

    Famalco Group is undergoing a recruitment campaign in line with its ongoing expansion. With a number of positions available, the group aims to expand its team of professionals in the coming months. Company director Hermann Mallia said: “We have...

  • VFM donates for good cause

    VFM donates for good cause

    Valletta Fund Management presented a donation in support of the Alive 2015 cycling challenge for cancer – a voluntary organisation set up to raise funds for cancer research. This year’s funds will be raised to support children’s cancer...

  • Welcoming the learning age

    Welcoming the learning age

    Recruitment agency Vacancy Centre has signed a collaboration agreement with Information Systems Limited (ISL) to supply the full Skillsoft portfolio of award-winning e-learning content to clients. Today’s diverse, multi-generational workforce...