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News

  • We need better property statistics

    When a sector is just ticking along as it always has, no one really pays much attention. It is only when things change that people take notice, realising that corrective action might be needed. This is certainly the case in the property sector,...

  • Development beyond growth and financial targets

    Development beyond growth and financial targets

    Positive economic news has been flowing at regular intervals this year. GDP growth in Malta compares favourably with that in the rest of the EU countries, fiscal targets are being achieved without much difficulty (apparently), while the European...

  • New directors for Global Capital

    New directors for Global Capital

    Former partners from KPMG and EY have stepped into vacant non-executive director posts at Global Capital. Mario Galea was the managing partner and chairman of Ernst & Young Malta until he retired in 2012. Joseph Schembri, who was a former senior...

  • New officer at Fimbank

    New officer at Fimbank

    Ronald Haverkorn has been appointed as the chief risk officer at Fimbank. A Dutch national, Mr Haverkorn is a senior banker with a track record in developing and executing growth strategies, managing global portfolios, measuring and implementing...

  • Malta Maritime Law Association elections

    Malta Maritime Law Association elections

    Ann Fenech has been re-elected as the president of the Malta Maritime Law Association, a post she has held since December 2008. Ivan Vella and Miriam Camilleri were re-elected as the vice presidents. Other members elected to the executive...

  • Director for Izola Bank

    Francis Gouder has been appointed director of Izola Bank as from May 4. Mr Gouder has extensive banking experience having worked for 45 years in the banking sector, both at branch and head office level, namely at Mid-Med Bank and HSBC Bank. More...

  • BOV in surprise double-digit profit growth

    BOV in surprise double-digit profit growth

    The interim results of Bank of Valletta plc published after the market close last Thursday ought to have caught many by surprise. Following the weak performances of the other two retail banks – with both HSBC Bank Malta plc and Lombard Bank Malta...

  • Malta Chamber signs MoU with Omani Chamber of Commerce and Industry

    Malta Chamber signs MoU with Omani Chamber of Commerce and Industry

    The Malta Chamber of Commerce, Enterprise and Industry and the Omani Chamber of Commerce and Industry (OCCI) signed a memorandum of understanding on April 22 in a bid to promote business collaborations between the two countries. The MoU was signed...

  • Opel Corsa best fit for company car fleet

    Opel Corsa best fit for company car fleet

    The recently launched Opel Corsa ticks all the boxes as a smart car to complete or update any company car fleet. Together with the Astra, the Corsa is Opel’s winning horse and the fifth generation follows a 32-year evolution. Coming in various...

  • A sneak peek into online marketing

    A good grasp of social and online tools is imperative in today’s highly competitive digital market. As an eBusiness consultant with KPMG Crimsonwing, Theresia Mallia, is often asked how a business can reap the advantages digital marketing has to...

  • Pender Gardens progressing well

    Pender Gardens progressing well

    Construction is progressing well on the final phase of Pender Gardens, and completion of the project is scheduled for Q1 of 2018. Phase one consisted of 150 apartments which were sold and are now occupied. This was followed by Block 16, housing 46...

  • Helping you create your dream home

    Helping you create your dream home

    Sphinx Creations Ltd is a family-run business specialising in full turnkey installations. Established in 2002, our company has the experience to undertake any type of project ranging from the finishing of a shell apartment to the construction of a...

  • Hit show Completely Hollywood (abridged) in Malta

    Hit show Completely Hollywood (abridged) in Malta

    Three actors getting through 186 films in just 90 minutes? Impossible right? Well apparently not if you are Alan Montanaro, Joe Azzopardi and John Montanaro, who are currently starring in Completely Hollywood (abridged) at the University Theatre...

  • GO closes at 7-year high

    The share index edged 0.1 per cent higher to 3,818.565 points as the gains in GO, RS2, MaltaPost and Farsons offset the losses in four other equities. GO rallied by 3.5 per cent to close at a seven-year high of €3 on total activity amounting to...

  • Unfair terms in insurance contracts

    An insurance contract must set out in transparent, plain and intelligible language all its terms and conditions so that consumers can clearly infer the economic consequences which derive from it, the Court of Justice of the European Union (CJEU)...

  • Eurozone growth seen as stronger, inflation to pick up

    Eurozone growth seen as stronger, inflation to pick up

    Eurozone economic growth will be stronger than previously expected this year thanks to cheaper oil, a weaker euro, stable global growth and supportive fiscal and monetary policies, the European Commission said yesterday. In its quarterly economic...

  • EU Commission sharply cuts Greek forecasts

    The European Commission slashed Greek economic growth and primary surplus projections yesterday and forecast deeper price falls and a higher public debt as a result of uncertainty that has dogged Athens policy direction since late 2014. The...

  • Australia’s RBA cuts rates, markets wonder if that’s all

    Australia’s RBA cuts rates, markets wonder if that’s all

    Australia’s central bank cut interest rates for the second time this year yesterday, seeking to buttress the economy against sliding mining investment while heading off a harmful increase in the local dollar. The currency did initially drop after...

  • European shares drop as Athens bourse slides

    European shares fell yesterday as renewed concerns over Greece’s finances weighed on the region's stock markets. Athens’s benchmark ATG equity index fell 3.9 per cent on worries over a deadlock in Greece's attempts to strike a deal with its...

  • HSBC profits up 4% as investment bank revenues bounce back

    HSBC profits up 4% as investment bank revenues bounce back

    HSBC said its profits rose 4.0 per cent in the first quarter as investment banking revenues bounced back after a weak end to last year to offset a rise in compliance and regulation costs. HSBC, Europe’s biggest bank, yesterday reported a pretax...

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