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  • New director for RSM Malta

    Audit, tax and advisoryfirm RSM Malta has appointed Gordon Micallef as director. Reporting to the firm’s ­partners, Micallef will be primarily responsible for business and technology advisory services. He has ­several years’ experience ­providing...

  • Portanier is new MIT chief

    Portanier is new MIT chief

    George Portanier has been appointed the chief executive officer of the Malta Institute of Taxation (MIT). Portanier is a former director and CEO of Portanier Brothers Ltd. He also serves on the boards of other private companies as well as on the...

  • New managing director for Actavis

    Actavis has appointed Patrick Cachia as managing director Malta operations for the group’s two pharmaceutical manufacturing sites in Malta, Actavis Ltd in Bulebel and ArrowPharm Ltd in Hal Far. Mr Cachia will have overall responsibility for the...

  • New highs for RS2 Software, Island Hotels Group

    The share price of RS2 Software initially dropped to an intra-day low of €2.90 this morning (2.5 per cent lower than the previous closing price) on volumes of 6,830 shares. However, a deal of 666 shares was later executed at a new all-time high of...

  • Implementation of Quantitative Easing in Malta

    Implementation of Quantitative Easing in Malta

    The feel good factor surrounding Quantitative Easing (QE) has been dampened this week as the political situation in Greece grabbed center stage. However, assuming that the euro will still be in existence till the end of 2016, QE offers a once in a...

  • Sector upbeat on oil squeeze

    Sector upbeat on oil squeeze

    Some of the main operators in the oil sector in Malta are upbeat about their prospects. They are convinced that the normal cycles will eventually bring the price back up – and that there are opportunities to be had during the current period of...

  • SME application refusals down to 10%

    SME application refusals down to 10%

    The percentage of development applications from SMEs refused by Mepa has gone down from almost 50 per cent to just 10 per cent, following a number of changes to improve the system. Robert Vella, head of the recently set up Business Development...

  • The impact of the ECB’s QE on Maltese investors

    The impact of the ECB’s QE on Maltese investors

    Global markets had been speculating for several months about the timing, structure and size of the bond buying programme to be launched by the European Central Bank and as expected the ECB announced the launch of its quantitative easing (QE)...

  • Forces of evolution or revolution?

    Forces of evolution or revolution?

    The planned acquisition of the Island Hotels Group by IHI is the largest private transaction on the islands – and the first by publicly-listed companies. The surprise announcement generated a number of questions about the motivation behind the...

  • China plans 7% 2015 growth target

    China plans to cut its growth target to around seven per cent in 2015, its lowest goal in 11 years, sources said, as policymakers try to manage slowing growth, job creation and pursuing reforms intended to make the economy more driven by market...

  • The cards up his sleeve

    The cards up his sleeve

    It was clear from the outset that the launch of a Valletta FC branded card in November 2013 was not your normal press event. For a start, it was a gala dinner at one of the most prestigious locations, and the guests included top businessmen and...

  • Shell signs $11bn deal to build petrochemicals plant in Iraq

    Shell signs $11bn deal to build petrochemicals plant in Iraq

    Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said yesterday. Esawi told a press conference in Baghdad the Nibras complex, which...

  • Riding Corinthia’s kite

    The planned acquisition of Island Hotels Group by Corinthia’s IHI is a first for Malta in many ways. It is almost certainly the largest such transaction between private companies in Malta and it is also the first between publicly listed...

  • Apple seen boosting share buybacks

    Apple seen boosting share buybacks

    Apple Inc.’s blockbuster results and a ballooning cash pile may prompt the company to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors. Apple’s shares were...

  • The economics of terrorism

    The economics of terrorism

    The tragic events which took place in Paris are a stark reminder that terrorism is a pervasive phenomenon. The use of violence and intimidation in order to bring about change is gaining momentum. Like any behaviour, terrorism is influenced by...

  • Dollar and US stocks inch higher before Fed

    The dollar edged up against the euro yesterday as investor focus turned toward the Federal Reserve, which delivers a post-meeting statement later in the day, while US stocks climbed after strong earnings from Apple. Worries that Greece's new...

  • PKF promotes captive industry in Malta

    PKF promotes captive industry in Malta

    With the commencement of the new insurance environment and the implementation date of Solvency II around the corner, PKF Malta participated in the Captive Live 2015 conference in London, which was spread over two days. Senior audit partner George...

  • Canary Wharf owner ­succumbs to Qatari-led bid

    Canary Wharf owner ­succumbs to Qatari-led bid

    Canary Wharf owner Songbird Estates dropped its opposition to a £3 billion Qatari-led bid yesterday, saying the group now had the backing of the holders of at least 86 per cent of the shares. Songbird said it still thought the offer undervalued...

  • Leading provider of fund and corporate services

    Leading provider of fund and corporate services

    Alter Domus is a leading European provider of fund and corporate services, dedicated to international private equity and infrastructure houses, real estate firms, multinationals, private clients and private debt managers. Our vertically integrated...

  • Shipping movements

    The following ships are expected in Malta: The Lesotho from Tanjung Pelepas to Valencia, the Maersk Sofia from Port Said to Genoa (both Thomas Smith Shipping Ltd), the Satie from Aliaga to Tanger Med (Carmelo Caruana Co. Ltd) and the MV Eurocargo...