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  • Share index drops back to 12-week low

    Share index drops back to 12-week low

    The share index this morning reversed yesterday’s rebound with a 0.4 per cent drop back to a new 12-week low of 3,283.788 points as a number of equities closed lower. Most notably, the share price of HSBC slipped 2.1 per cent back to its 2014 low...

  • Libya crisis causing lay-off pressure – Chamber

    Libya crisis causing lay-off pressure – Chamber

    Companies affected by the Libya crisis will probably have to start laying off staff by the end of the year, the chairman of the Libyan Action Committee Frank Farrugia warned. The committee, which falls under the Malta Chamber of Commerce,...

  • HSBC Bank Malta underprovisioned by €30 million

    HSBC Bank Malta underprovisioned by €30 million

    HSBC Bank Malta was found to be underprovisioned by €30 million during the recent asset quality review carried out by the European Central Bank. Bank of Valletta had been underprovisioned by €16 million – mostly in corporate loans, but when...

  • New property valuation procedure ‘will save time’

    New property valuation procedure ‘will save time’

    The removal of the government’s property valuation system has a number of benefits, ranging from certainty for buyers to the ability to start improvements immediately. Until now, the Inland Revenue Department would send its architect to value...

  • When wealth comes on wings

    When wealth comes on wings

    The search is on for Maltese ready to invest in entrepreneurs – but the potential ‘business angels’ are being warned that they must understand what they are letting themselves in for. Business angels put up money to help companies in the early...

  • When wishes come true

    When wishes come true

    Budget 2015 introduced a lot of measures that stakeholders have been clamouring for over the past year or more. We asked some of those stakeholders to remind us why they wanted these changes and what else has struck them. Measure: A skill card...

  • Ensuring better value for money

    Ensuring better value for money

    The National Audit Office is celebrating its 200th anniversary and it is planning to culminate celebrations with a visit by President Marie-Louise Coleiro Preca. Anthony Mifsud spoke to Vanessa Macdonald about the office’s work and...

  • An Apple a day. . . keeps investors happy

    An Apple a day. . . keeps investors happy

    Here is something that you probably did not know about SAD, the Polish company recently acquired by PTL International: sad, in Polish, means orchard. The name of the company is a play on its role as an Apple reseller. But there is more that might...

  • Greater than the sum of its parts

    Budget 2015 ran to 139 pages. The Finance Minister took nearly four hours to read it out. There were hundreds of measures, some immediate, some planned. And yet commentators are still trying to categorise the Budget as being good or bad, black or...

  • Shifting to indirect taxation

    Shifting to indirect taxation

    Tax systems are generally evaluated on the basis of a number of criteria, especially in regard to equity or the fairness of a particular tax system as well as the so-called allocative efficiency of the tax itself, that is, how the tax affects...

  • Even Warren Buffett can make mistakes

    Even Warren Buffett can make mistakes

    Over the years I have written various articles about Warren Buffett. He is the chairman, CEO and the largest shareholder of Berkshire Hathaway and is given a lot of media attention since he is widely considered to be among the most successful...

  • The impact of public private partnerships in Malta

    The impact of public private partnerships in Malta

    Over the last few decades, public private partnerships (PPP) have increasingly become pivotal instruments in the creation, development and execution of large scale infrastructure projects across the globe. Their importance has been further...

  • Towards fostering a maritime environment

    Towards fostering a maritime environment

    ‘The waves that shape us make us stronger’ was the tag line phrase used for the launch of the integrated maritime policy consultation process. It was a fitting phrase that coined the objective of a policy that would integrate the various maritime...

  • Banif Bank on board again for The President’s Solidarity Fun Run

    Banif Bank on board again for The President’s Solidarity Fun Run

    For the sixth year running Banif Bank (Malta) plc has confirmed its commitment as the main sponsor of The President’s Solidarity Fun Run. Organised by the Malta Community Chest Fund with the help of Kunsill Malti għall-Isport, in aid of L-Istrina,...

  • BoE policymakers vote to hold rates, ‘material spread of views’

    BoE policymakers vote to hold rates, ‘material spread of views’

    Two Bank of England policymakers voted again for an increase in interest rates this month, and there was a “material spread of views” among the seven who opted to keep rates on hold. Yesterday’s minutes of the Monetary Policy Committee’s November...

  • Underwear by Cristiano Ronaldo

    Underwear by Cristiano Ronaldo

    The CR7 Underwear collection has been developed in close co-operation between Cristiano Ronaldo and New York-based designer Richard Chai. Everything from the making of the various styles, the colours and the fabric has been taken into...

  • Kuroda hints at discontent over tax hike delay

    Kuroda hints at discontent over tax hike delay

    The head of the Bank of Japan warned yesterday that the government is solely responsible for maintaining trust in the country’s finances, in a thinly veiled show of discontent over premier Shinzo Abe’s decision to postpone a sales tax...

  • FreightZone (Malta) Logistics Ltd with office in Ningbo

    FreightZone (Malta) Logistics Ltd, which commenced operations in 1990, has today established itself as a leading freight-forwarder in Malta with a comprehensive range of services targeted at Maltese importers and exporters. For the last three...

  • Hugo Boss targets faster sales growth

    German fashion house Hugo Boss expects sales growth to accelerate and margins to improve in the coming years as it upgrades its core brand and pushes ahead with moves to sell more womenswear and expand its own retail network. In a statement ahead...

  • Middlesea’s SME Insurance Policy

    Middlesea’s SME Insurance Policy

    Middlesea’s Insurance Policy for Small and Medium Enterprises is a tailor-made and flexible insurance business solution to protect your business risks. Whether you are a sole trader or an established company, Middlesea will work with you to create...