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Business

  • How much can a manual labourer charge for a service?

    Q: Is there a law that regulates how services are charged? Can manual labourers charge any amount for a particular job? I recently requested the services of a particular individual. Before hiring him for the job, I asked him for a quotation but he...

  • HSBC Malta supports vision of Malta as a major trade hub

    HSBC Malta’s CEO Mark Watkinson, during the bank’s 38th AGM, said that Malta had the opportunity to become a major trade hub. “With the third largest port in the Mediterranean and an unrivalled geographic position that allows it to act as a bridge...

  • Weekly consumer advice

    • Paying by credit card offers greater protection in terms of fraud, guarantees and non-delivery. • Before giving out credit card details, we ensure the web page is safe. • We should gather information about the seller and how to contact him when...

  • Europe’s car sales upturn does not halt price war

    Europe’s car sales recovery may be taking hold, according to registrations data published this week, but a confidential industry survey shows the pick-up is failing to halt a price war. Discounts outgrew first-quarter sales, according to the data...

  • Billionaire Usmanov remains Russia’s richest tycoon – Forbes

    Alisher Usmanov is Russia’s richest tycoon for the third year in a row, with wealth of $18.6 billion, after selling his stake in the social media website Facebook, according to the latest report by the US magazine Forbes. Usmanov is a co-owner of...

  • Five equities push index higher

    The Malta Stock Exchange index ended this four-day trading week 0.85 per cent higher, closing at 3,526.20 points. A total of 14 equities were active throughout the week of which five gained ground, three declined and six closed unchanged. 6pm...

  • Low inflation to linger for years in eurozone – survey

    The eurozone is set for at least two more years of low inflation, held down by a strong currency and anaemic economic and jobs growth, and still faces a very real threat of deflation, a Reuters poll showed. While the inflation forecasts are mostly...

  • MSE Share Index hits 1-month high

    The MSE Share Index trended higher for the fifth consecutive day with a further 0.1 per cent increase to a fresh one-month high 3,526.200 points despite weak the weak volumes registered in recent local trading sessions. This morning’s uplift is...

  • Customs are caught between enforcement and Single Market

    The Customs Department is taking action to curb imports on which VAT and eco-tax have not been paid – but its level of monitoring is restricted by the need to respect the Single Market, Finance Minister Edward Scicluna said. A number of sectors...

  • Malta fails to meet household WEEE target

    Malta is one of 10 countries in the European Economic Area which failed to meet an EU target for the collection of electrical and electronic waste (WEEE). The EU Directive set a collection target of a minimum of 4kg per inhabitant of WEEE from...

  • Aviation: A soaring sector

    Very, very rich people have very very expensive toys. And when those toys are yachts and planes, they need a wide range of services. High net worth individuals need someone to handle the financing of these assets, to pay their bills in marinas and...

  • EU cross-border taxation to be eased

    The European Commission has launched two public consultations and created an expert group to gather ideas on how to tackle any tax obstacles that hinder the cross-border activity of individuals in the Single Market. At the same time, the...

  • Global Gases opens blending facility

    Global Gases, a producer and distributor of speciality industrial gases, has chosen Malta as the site for the first speciality gas blending facility in the Mediterranean. The €2 million facility, located in the Bulebel Industrial Estate, Żejtun,...

  • Case for lower interest rates?

    The governor of the Central Bank of Malta Josef Bonnici wants banks to reduce their interest rate margins and has been saying so since last autumn – to no avail. Bank of Valletta chief executive officer Charles Borg argued last week that SMEs were...

  • Cutting your cloth to suit ...

    Peter Borg does not hesitate when you ask why Bortex has survived for 50 years – virtually the only textile company in Malta to do so. “First of all, we were a Maltese company through and through, so we had deeper roots. And secondly, we were...

  • Roman police use Maltese software

    Software developed by a subsidiary of a Maltese company is being used to run approximately 7,000 handheld devices and vehicular communication devices operated by the municipal police in Rome. Loqus Italia, a fully owned subsidiary of Loqus plc (an...

  • Thomas Smith extends Libya activity

    Thomas Smith, agent for SDV Logistics in Malta, has extended its representation to Libya. Managing director Joe Gerada said: “SDV is already a strong player within Africa, as part of Bolloré Africa Logistics, and it is a pleasure to announce to...

  • ECB plan could boost shares in Europe’s weakest companies

    Shares in some of Europe’s least profitable and most indebted companies are set to outperform in the coming months if the European Central Bank starts buying corporate bonds to fight the threat of deflation. The ECB has opened the door to the...

  • 20 years of maritime law

    The Malta Maritime Law Association is 20 this year. It was set up to provide a forum for lawyers who specialised in maritime law or who were interested in maritime law. With the maritime sector picking up substantial momentum and in the knowledge...

  • MFSA identifies forex dupes

    The Malta Financial Services Authority has identified two of the companies it warned were offering online foreign exchange with its licence orauthorisation. FXDealer, FX Dealer, FX Direct Dealer or Fxdealer.us is known to have an internet presence...

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