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Business

  • Looking back on a decade of banking

    Looking back on a decade of banking

    Tony Mahoney left HSBC Bank Malta over a decade ago. When he completed his contract at Bank ­Dhofar in Oman, he had to decide ­between the UK and Malta. He told Vanessa Macdonald that the lifestyle and friendship in Malta won, and he accepted a...

  • Banking sector still buoyant

    Banking sector still buoyant

    At least 11 banks from six European countries are set to fail the Asset Quality Review carried out on 130 banks by the European Central Bank, the results of which are due to be unveiled on Sunday. Maltese banks are not expected to be among them –...

  • Portfolio showcases top properties

    Portfolio showcases top properties

    Malta Sotheby’s International Realty may only be a year old but its database of luxury properties is growing fast, with a selection of some of the most jaw-dropping put together in the first edition of a 100-page publication, Portfolio. “Earlier...

  • Do we really need Electrogas?

    The ongoing media coverage about delays at Delimara and the possible impact these will have on government finances are masking a much bigger issue. Do we actually need the Electrogas plant? We have gone from a situation where we were perilously...

  • Can Malta profit from eurozone’s slow recovery?

    Can Malta profit from eurozone’s slow recovery?

    Last week’s fall in shares within the eurozone and UK is evidence of weak economic growth knocking investor confidence. The same can be said about the US, with the Dow Jones also falling. Oil prices also continued to slide, with Brent crude...

  • International equity markets in correction phase

    International equity markets in correction phase

    Global equity markets tumbled during the middle part of last week after poor data from the US heightened fears over the health of the global economy. The Dow Jones Industrial Average index dropped to a low of 15,855.12 points on Wednesday, down by...

  • InterContinental adding luxury suites

    InterContinental adding luxury suites

    The InterContinental Hotel will be targeting guests willing to spend up to €4,000 or €5,000 a day, ­offering them extravagant suites measuring as much as a reasonably-sized apartment. All will have their own large terrace with lounging and dining...

  • EU’s Juncker pledges investment plan for jobs

    EU’s Juncker pledges investment plan for jobs

    The incoming head of the EU executive, Jean-Claude Juncker, told the European Parliament yesterday that he would present his €300-billion plan for investment to bolster growth and jobs by the end of this year. Switching significantly to German...

  • PayPal usage almost double that of credit cards

    PayPal usage almost double that of credit cards

    PayPal has extended its lead as the preferred method of payment online, and is now used by 88 per cent of Maltese, compared with 44 per cent for credit cards. According to a survey carried out by the Malta Communications Authority, PayPal was only...

  • EU fines JPMorgan, UBS, Credit Suisse for taking part in cartels

    JPMorgan, UBS and Credit Suisse were fined a total of €94 million by the European Commission for taking part in cartels in the financial sector. The Commission handed JPMorgan a €61.7-million fine for rigging the Swiss franc Libor benchmark...

  • T&A systems from AIS Technology

    T&A systems from AIS Technology

    Organisations of all sizes use time and attendance (T&A) systems to record when employees start and finish work. An electronic T&A system, such as those available from AIS Technology, enables an employer to have full information of all employee...

  • Corporate Social Responsibilities

    Corporate Social Responsibilities

    HSBC UK Contact Centre (HBEU) has raised €17,312 from staff donations for a range of charities and community projects in the first six months of 2014. Staff contributed in a variety of ways to support the missions of Ursuline Sisters Creche, The...

  • Eworld Ltd hosts Hewlett Packard for full-day seminar

    Eworld Ltd hosts Hewlett Packard for full-day seminar

    Eworld Limited, HP authorised Gold sales and services partner, hosted Hewlett Packard to conduct a full-day business seminar at the Le Méridien hotel. An 80-strong audience, including Malta’s leading CIOs, IT management and professionals, from the...

  • Global equity markets edge higher, stocks head lower

    Global equity markets edged higher yesterday, lifted by solid corporate results and benign US inflation data that may give the Federal Reserve enough leeway to keep interest rates lower for longer, but US stocks faltered as some big corporate...

  • Financing designed for SMEs

    Financing designed for SMEs

    Only a few days old, the BOV 4 SMEs Financing product is designed to support local SMEs in realising their capital investment projects. This limited offer brings together affordable financing and expert assistance, corroborating Bank of Valletta’s...

  • At least 11 banks to fail European stress tests

    At least 11 banks to fail European stress tests

    At least 11 banks from six European countries are set to fail a region-wide financial health check this weekend, Spanish news agency Efe reported, citing several unidentified financial sources. The results of the stress tests on 130 banks by the...

  • Focal Maritime Services certified as an IATA Accredited Agent

    Focal Maritime Services certified as an IATA Accredited Agent

    Focal Maritime Services has been certified as an IATA (International Air Transport Association) Accredited Agent. This accreditation certifies that airfreight cargo is handled by duly qualified personnel who have successfully obtained diplomas...

  • Shipping movements

    The following ships are expected in Malta: The Avonmoor from Algiers to Annaba, the Anne Schepers from Valencia to Livorno (both Carmelo Caruana Co. Ltd) and Agamemnon from Port Said to Genoa (Thomas Smith Shipping Ltd) today. The Kapalua Kontor...

  • Information ­Systems Ltd ­celebrates 20th year of ­operation

    Information Systems Ltd (ISL) celebrates its 20th anniversary in business this year. Over the past 20 years ISL has grown to become a leading technology services company, serving businesses throughout Malta, Europe, North Africa and the Middle...

  • Shireburn Software supports Home-Start Malta

    Shireburn Software supports Home-Start Malta

    Shireburn Software has extended its financial support to Home-Start Malta, a volunteer-based organisation that offers practical and emotional support to parents with children under five years of age who could be hit by crisis or find themselves...

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