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  • ‘Innovative’ MFSA product regulates fund managers

    ‘Innovative’ MFSA product regulates fund managers

    The Malta Financial Services Authority is about to launch a new investment framework which regulates the fund manager, rather than the fund itself. The Maltese framework for Notified Alternative Investment Funds (NAIFs) will be launched more or...

  • Malta has lowest female self-employed level

    Malta has lowest female self-employed level

    Only 19.6 per cent of the self-employed in Malta in 2013 were women, the lowest rate in the European Union, according to a recent report, a far cry from the one-third average for the EU as a whole. The highest rate was in Lithuania (41.6 per...

  • Legislation a ‘game changer’ for the gaming sector

    Legislation a ‘game changer’ for the gaming sector

    Two years ago, Joseph Cuschieri, the executive chairman of the Malta Gaming Authority (LGA as it was then) told Vanessa Macdonald that he was looking at ways to futureproof the gaming sector. New legislation should be in place by summer which will...

  • Converging interests

    Converging interests

    “Nossa!” Melita employees would do well to learn this word – meaning “Wow!” – and a few other words of Portuguese as they may have much more to do in this country than they expected. This is one of the unexpected outcomes of Melita’s recent sale,...

  • Looking past the figures

    It is hard to work up a sweat over the European Commission’s Winter Forecast for the island. Real growth was 5.4 per cent in the third quarter and is forecast to stand at 4.9 per cent for the year as a whole, admittedly not the figures China and...

  • An economist’s viewpoint of the new Rector

    An economist’s viewpoint of the new Rector

    As we await the appointment of a new Rector at the University of Malta, it is worthwhile considering the relevance of this role in facilitating economic growth. The contribution of the university to the economy, through the education of graduates...

  • Fimbank appointments

    Fimbank appointments

    Fimbank has appointed Howard Gaunt as group chief operating officer and Michael Davakis as senior vice president and head of treasury. Mr Gaunt’s banking career spans 31 years in senior national and international assignments with Wells Fargo and...

  • New director at HSBC contact centre

    The HSBC UK Contact Centre Malta (HBEU) has welcomed Robert Vaughan as its new contact centre head, as it prepares to celebrate 10 years of successful operation in Malta. Mr Vaughan began his career at HSBC UK Contact Centre Swansea in 2004 as a...

  • Risk officer at Mapfre

    Risk officer at Mapfre

    Etienne Grima has been appointed risk officer for Mapfre Middlesea. He is currently the chief risk officer for MSV Life and Growth Investments Ltd, and will be retaining these positions, so that there is one risk officer for the local Mapfre group...

  • New head at TBWA/ANG

    New head at TBWA/ANG

    Julianne Grima is taking over from her father, Godfrey, as the chairwoman of TBWA/ANG. Mr Grima will remain an active member of the board. Ms Grima, a physiotherapist by profession, has worked with the company over two decades, returning in 2013...

  • What has contributed to recent sterling weakness?

    What has contributed to recent sterling weakness?

    Many Maltese investors who have exposure to the British pound as part of their overall investment portfolios may have noticed a sizeable decline in the value of sterling against the euro over recent months. The bull run since early 2009 from close...

  • Greener financing now possible with the BOV Eco Loan

    Following a recent update of its BOV Eco Loan, Bank of Valletta has made green financing broader. The BOV Eco Loan can now also be used to finance the purchase of new motor vehicles, as long as their CO2 emission levels are below 100g/km or...

  • Excellent turnout for Seabank Group’s recruitment day

    Excellent turnout for Seabank Group’s recruitment day

    Hundreds of applicants flocked to the recruitment open day organised by the Seabank Group, to find out about careers at db Seabank Resort, db San Antonio Hotel, db Catering + Events, Hard Rock Café, Tunnynet Complex, and Pearl Spas, in the wake of...

  • Ganado Advocates’ third annual Banking and Finance Law seminar

    Ganado Advocates’ third annual Banking and Finance Law seminar

    Ganado Advocates, in collaboration with the Malta Bankers’ Association, will be organising its third annual Banking and Finance Law seminar. Conrad Portanier, head of banking at Ganado Advocates, commented that the firm was very proud to have...

  • Fexserv Financial Services – growing better and stronger

    Fexserv Financial Services – growing better and stronger

    Fexserv Financial Services Ltd are enhancing a number of areas to better meet and serve all their clients, including a call centre facility with the latest technology. In addition, they are beefing up their Compliance and Security Department with...

  • Singapore’s New Silkroutes Group forms joint venture with New York-based CG Capital Partners

    Singapore Exchange-listed New Silkroutes Group Ltd (NSG) is teaming up with New York-based CG Capital Partners LLC (CG Capital) to offer fund management services, including sophisticated financial products and dedicated asset-class specific funds...

  • Legislation working for safer, cleaner cars

    Legislation working for safer, cleaner cars

    The authorisation process before car manufacturers can place new motor-vehicles on the EU market is set to undergo a radical overhaul if a law recently proposed by the European Commission is approved by the European Parliament and by the Council...

  • German industrial output plunges in December as exports also drop

    German industrial output plunges in December as exports also drop

    German industrial output plunged unexpectedly in December and exports and imports also fell, data showed yesterday, in a sign that Europe’s largest economy ended 2015 on a weak footing. Industrial output fell by 1.2 per cent on the month, the...

  • Nikkei posts biggest drop in three years as global growth fears hit banks

    Nikkei posts biggest drop in three years as global growth fears hit banks

    Japan’s Nikkei share average posted its biggest daily drop in nearly three years yesterday, with banks taking the brunt of the sell-off, while a stronger yen dragged down stocks across the board. The Nikkei ended 5.4 per cent lower at 16,085.44...

  • India sees higher growth even after economy loses steam

    India sees higher growth even after economy loses steam

    India’s economic growth slowed in the last quarter of 2015. Gross domestic product grew an annual 7.3 per cent in the October-December quarter, less than an upwardly revised 7.7 per cent in July-September. That rate of growth was faster than the...

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