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Business

  • Main challenges for next year

    After 18 parliamentary sittings and no fewer than 52 hours of debate on the Budget for next year, many are still not quite clear as to the real state of the country’s economy. Politicians from the two main parties give a different picture, with...

  • The quest for innovation

    The quest for innovation

    Countries can grow by expanding their labour resources, such as by encouraging more women to remain in the labour force, or through capital deepening, in the form of higher levels of investment. However, it is innovation which can ensure...

  • Local CEO for Geneva-based IMC

    Local CEO for Geneva-based IMC

    The Geneva-based Investment Migration Council (IMC) has appointed Bruno L’ecuyer as its first chief executive officer. The former head of business development at FinanceMalta will be based in Malta. IMC is the worldwide association representing...

  • Financial controller for Pendergardens

    Financial controller for Pendergardens

    Claudia Nicole Abela will be taking over as financial controller of Pendergardens Developments in the coming weeks. Ms Abela was previously a director at Camper and Nicholsons Marinas International.

  • MD for Heritage Group

    MD for Heritage Group

    Heritage Group has appointed Neville Carabott as the new managing director to continue the recent investment drive in its Malta operations. Dr Carabott joins Heritage from Vistra Malta, a corporate services outsourcing firm, where he was a board...

  • Security head for MIA

    Security head for MIA

    Patrick Murgo has been appointed head of security at Malta Inter-national Airport, replacing Patrick Cuschieri who recently resigned. Mr Murgo joined the company as procurement executive last April. He has extensive experience in security, working...

  • Middlesea reorganises

    Middlesea Insurance has redesignated two of its chief officers to bring its organisational structure into line with the Mapfre global organisation. Keith Mallia Milanes is now assistant general manager for technical affairs, and Fernando Docampo...

  • Is Maltapost in need of additional capital resources?

    Is Maltapost in need of additional capital resources?

    On December 9, Maltapost plc published its financial statements for the year ended September 30, 2014, and the directors recommended that during the forthcoming annual general meeting being held on January 16, 2015, shareholders approve an...

  • Project management – enterprise-wide system implementation

    It is dangerous to underestimate the complexities of an enterprise-wide system implement-ation, as they cover multiple business areas that have to work in harmony to achieve the required level of efficiency. The complexities need to be anticipated...

  • Undeniably British, ­indisputably Fred Perry

    Undeniably British, ­indisputably Fred Perry

    The popular fashion brand’s Men’s Authentic Collection is the spirit of originality. Recognised by classic twin tipping and the signature laurel wreath, the Fred Perry shirt was different from the start. Fred called it ‘the shirt that fits’. This...

  • Rouble suffers new fall but its collapse slows

    Rouble suffers new fall but its collapse slows

    The dramatic fall in Russia’s rouble slowed yesterday, with the government selling foreign currency to prop it up after a 50 per cent fall against the dollar this year. Losses were partly contained by exporters selling dollars in preparation for...

  • RE/MAX to open three new offices in 2015

    RE/MAX to open three new offices in 2015

    RE/MAX Malta has announced that it will be opening three new offices in the first quarter of 2015, including an office in the capital city of Valletta. The other two locations will be Naxxar and Mosta. Speaking about the expansion of the company,...

  • Apple wins class-action iPod trial

    Apple wins class-action iPod trial

    A jury in California has found in favour of Apple in a billion-dollar class-action lawsuit over the price of its iPod music players. The eight-member jury in US District Court rejected a claim by lawyers for consumers and iPod resellers, who...

  • An efficient service for your domestic and ­commercial water leaks

    An efficient service for your domestic and ­commercial water leaks

    CHI Consultants Ltd have been in operation for the last three years. Coming from a background of engineering and marketing, a couple have put their expertise together and focused their attention on taking an innovative stance on the product and...

  • Oil below $60 as Opec, Russia keep pumping

    Brent crude oil traded below $60 a barrel yesterday, near five-and-a-half-year lows, as major oil producers signalled they would maintain output despite a supply glut and faltering demand in Russia and Europe. Core Gulf Opec members have said they...

  • Faddal b’Suċċess – RTK programme by VFM

    Valletta Fund Management (VFM), a member of the BOV Group, is producing an inform-ative and educational programme on RTK Radio titled Faddal b’Suċċess. This programme, aired on the last Tuesday of the month between 5:15pm and 6pm, aims to provide...

  • EU shines light on dirty money with central registers

    EU shines light on dirty money with central registers

    The European Union has agreed rules to stamp out tax evasion and stop dirty money from criminal gangs or terrorism finance being channelled through anonymous companies. EU states and the European Parliament struck the agreement on Tuesday evening...

  • Malta Digital Games Association launched

    Malta Digital Games Association launched

    Leading representatives of Malta’s digital games industry have come together to announce the launch of the Malta Digital Games Association (MDGA).  This is a long-time project of Maltese law firm Chetcuti Cauchi Advocates and a number of digital...

  • Equities gain as oil prices rebound, and safety bid eases

    Global markets stabilised yesterday, with US and European equities rebounding as a comeback in oil prices drove up energy shares. The yield on US five-year Treasuries climbed to session highs as the gains on Wall Street and domestic oil futures...

  • Correction

    The lease on House of Four Winds was signed by Bank of Valletta in 2010 and was for 30 years and not 40 (The Business Observer – December 4). The remaining 26-year lease has been extended to 65 years.