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  • BOV lifts MSE Share Index

    BOV lifts MSE Share Index

    The MSE Share Index edged 0.2 per cent higher during this morning’s trading session to yet another fresh two-week high of 3,351.078 points reflecting the uplift in the share price of Bank of Valletta plc. BOV’s equity traded one per cent higher...

  • Anti-money laundering – know your customer!

    Anti-money laundering – know your customer!

    Money laundering is a reality. It has become today one of the chief concerns of all governments – and so it should be! It is not merely financial institutions and large organisations which may fall victim to such offence, but any individual who...

  • Rethinking risk in emerging markets

    Middle-class anger at not seeing enough of the fruits of economic growth is growing in developing economies, and that anger is forcing the world’s biggest investors to rethink how they rank emerging markets. Political risk has always been a fact...

  • Welcoming Chinese investment in Europe

    Welcoming Chinese investment in Europe

    A report by the Rhodium Group, an economic consultancy that specialises in Chinese outward direct foreign investment, predicts that by 2020 China would have invested between $250bn and $500bn in Europe. Europe has become the second most important...

  • ­­­Shipping movements

    The following vessels are expected this week: The CMA CGM Meknes from Bejaia to Algiers, the Jamila from Misurata to Misurata, the Pago from Valencia to Livorno, the Alexander Sibum from Algiers to Bizerte (all Carmelo Caruana Co. Ltd), the Lana...

  • PwC renews its commitment to the €1m fund for start-ups

    PwC renews its commitment to the €1m fund for start-ups

    PwC has decided to renew its €1million fund for start-ups for another year, after 52 companies benefited from the offer of pro-bono services since the original fund was launched in Spring 2013. Approved applicants received up to €20,000 of...

  • Signs of turnaround in international use of euro

    Signs of turnaround in international use of euro

    The euro area attracted more foreign investment last year than in the year before, but the share of the euro in foreign exchange reserves and its role as currency in international financing slightly declined. These are among the main findings of...

  • Melita completing refinancing

    Melita’s authorised share capital has been increased from €5 million to €250 million as part of the process of refinancing existing debt, reflecting a consolidation of the investments made in the Melita Group since 2007. The refinancing process,...

  • Smart City signs MoU with Indian ICT association

    Smart City signs MoU with Indian ICT association

    Smart City Malta has signed a memorandum of understanding with the National Association of Software and Services Companies, hoping to use Malta as a bridge between its members and Malta’s neighbours. Nasscom is a trade association for Indian IT...

  • Bank branches shrink in EU but grow in Malta

    Bank branches shrink in EU but grow in Malta

    There were about 200,000 branches of domestic credit institutions at the end of 2013, confirming a downward trend in most EU countries, new data shows. However, Malta is bucking this trend, with more branches and more employees. The European...

  • Middlesea registers €8.21m gross profit

    Middlesea Group reported a gross profit of €8.21 million for the first six months of 2014, compared to €6.4 million in the same period last year. Improved results were generated mainly from the group’s life operation MSV Life plc. General business...

  • Revenue Commissioner appealing tax ruling

    Revenue Commissioner appealing tax ruling

    The Commissioner of Revenue is going to contest a ruling by the Administrative Review Tribunal which interpreted a court judgment as meaning that a taxpayer has the right to be considered innocent until proven guilty. Under normal tax law,...

  • Euro counterfeiting incidence stays low

    In the first half of 2014, just under a third of a million counterfeit euro banknotes were withdrawn from circulation, 6.2 per cent down on the figure for the second half of 2013. Overall, the number of counterfeits remained very low compared with...

  • Job creation in SMEs twice that of larger companies

    Seventy-six per cent of the world’s top entrepreneurs plan to increase the size of their workforce in the year ahead, compared with only 31 per cent of the CEOs of large corporates, according to the third EY Global Job Creation...

  • The life and debt of Piggy Mc’Cool

    The credit card statement hit the doormat with the stealth and gel-sleazed hair attitude of Richie Aprile. Now, there are two things which I need to make clear about this introduction. First of all, I don’t have a doormat. But what should I have...

  • MSE climbs 1.2% as new MGS issues announced

    MSE climbs 1.2% as new MGS issues announced

    The Treasury announced that two new Malta Government Stock (MGS) issues will be offered to the public with coupons of two per cent and 4.1 per cent, maturing in 2020 and 2034 respectively. A total of €100 million worth of stock will be issued,...

  • Don’t call on me

    Don’t call on me

    This year, the estimated number of active mobile phones stands at 7.4bn. The world’s population currently amounts to 7.1bn. You do the maths. Well, it’s Sunday morning, so don’t. And anyway, you don’t need to ruffle your mental feathers with...

  • US Fed chief hints at an earlier rise in interest rates

    In her semi-annual monetary policy report to the US Congress, Federal reserve chairperson Janet Yellen gave a balanced reading on the US economy’s health but warned that “considerable uncertainty” about the outlook could lead to interest rates...

  • Don’t you forget about me

    Don’t you forget about me

    Alandmark judgement by the European Court of Justice on May 13, 2014 ruled that ordinary citizens have the right to request the removal of links about them from Google’s search results because the lapse of time from the original publication of the...

  • Company briefs

    Property agents Chestertons Malta, led by Christopher Pace, has relocated to the top floor of the Melita Court building on the Ta’Xbiex seafront. This move coincides with an upgrade to the British company’s global brand identity. Giles Milner,...