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  • Volkswagen shares rise as $4.3bn emissions deal with US nears

    Volkswagen shares rise  as $4.3bn  emissions deal with  US nears

    Volkswagen shares rose in early trading yesterday as investors welcomed news the carmaker is on the cusp of a criminal and civil settlement with the US Justice Department over its emissions test cheating scandal. VW said after the market close on...

  • EY Malta publishes technical guides

    Keeping up with the changing regulatory landscape in the wealth and asset management industry, both locally and abroad, has proved to be an ongoing challenge for current and potential investors. Spearheaded by its growth in the financial services...

  • US stocks, dollar gain – oil prices rise

    Wall Street shares and the dollar rose yesterday ahead of a news conference by US President-elect Donald Trump in which he is expected to provide more details about his plans for the world’s largest economy. Mr Trump’s campaign calls for tax cuts...

  • Shipping movements

    These ships are expected in Malta: The Cape Mayor from Tartous to Damietta, the Max Cooler from Misurata to Annaba (both CMA CGM Malta Agency Ltd), the Maersk Regensburg from Algiers to Algiers, the BC Hamburg form Algiers to Algiers (both Thomas...

  • Malta in pole position for Lloyds

    Malta in pole position for Lloyds

    Discussions have intensified between Lloyds of London, the Malta Financial Services Authority and a local law firm as the island emerges as a favourite location for a post-Brexit subsidiary of the insurance firm. Lloyds made it clear some months...

  • VAT attracts €3.2bn superyachts

    VAT attracts €3.2bn superyachts

    Almost 600 superyachts have taken advantage of the low VAT rate associated with the Malta flag, bringing an estimated €171.5 million in tax revenue over the past 10 years – not to mention income for ancillary service providers. A superyacht...

  • New laws to support aviation

    New laws to support aviation

    Some of the amendments to the Civil Code, to the Financial Institutions Act and to the Interest Rate (Exemption) Regulations address indirect factors needed to grow business opportunities around aircraft and their operators, not necessarily...

  • How to get more money from EFSI 

    How to get more money from EFSI 

    The €315 billion European Fund for Strategic Investments was the brainchild of the European Commission president Junker back in 2014 to address the low levels of investment registered in the EU following the financial crisis. In a bid to help...

  • Consumption still behind EU average

    Consumption still behind EU average

    Malta’s consumption per capita is creeping up compared with the EU average – albeit slowly. Eurostat reported that individual consumption in Malta, adjusted for purchasing power, was still 20 per cent below the EU average in 2015, up from 21 per...

  • A quantum leap beyond Malta

    A quantum leap beyond Malta

    British company Idox is planning to increase its revenue from £78-80 million to £100 million by next October – and it is planning to get almost half of that from its planned acquisition of local software company 6PM. It is a bittersweet moment for...

  • Solved: the quest for trade union recognition

    Solved: the quest for trade union recognition

    A legal notice revising the way in which a trade union wins recognition at the workplace is being hailed by both employers and unions as one which could prevent unnecessary disputes and strikes. However, the issue of fragmentation – when specific...

  • Changing nature of hotels

    We seem to have ‘lost’ 338,000 tourists in the first 10 months of 2016 – and nobody seems to be asking where they actually slept. There were 1.73 million incoming tourists between January and October 2016, but only 1.39 million of them stayed in...

  • Long, winding road to pension reform

    Long, winding road to pension reform

    After decades of abandon as a policy issue, pension reform has been on the national agenda since 2004. Since then a significant body of work was carried out by different reform task forces established by governments in 2004, 2010, and 2013. This...

  • FIMBank CSR clips headed for schools

    FIMBank CSR clips headed for schools

    Schoolchildren attending government, church and independent schools will soon have access to a series of video clips which trace the meaning of specific words in Maltese, and which focus on the origin and meaning of Maltese proverbs. These...

  • CFO for AX Holdings

    CFO for AX Holdings

    Albert Bonello has been appointed chief financial officer of the AX Group. Mr Bonello has been with AX Holdings for the past nine years and has been the financial controller for the past five. He will now be responsible for the financing and...

  • KPMG appoints partner and director

    KPMG appoints partner and director

    KPMG has appointed John Ellul Sullivan as partner and Clifford Delia as director, reflecting the continued growth in 2016 which is expected to be sustained in the coming years. Mr Ellul Sullivan joined KPMG in 2007, and advises a variety of...

  • Two chief officers for Mapfre

    Two chief officers for Mapfre

    Mapfre Middlesea has appointed two new chief officers to replace Patrick Muscat, who recently tendered his resignation. Simon Anastasi will be the anti-fraud officer while Juan Pablo Siracusa will be in charge of claims. Mr Anastasi has been...

  • New MD for Vivian

    New MD for Vivian

    Joanna Gatt has been appointed managing director of Vivian Corporation, succeeding Lawrence Gatt who retired after 47 years of service to the company. Throughout his tenure, the company grew to become one of Malta’s leading distribution and...

  • Air Malta gets new chief commercial officer

    Air Malta gets new chief commercial officer

    Air Malta has appointed Paul Sies as chief commercial officer. He takes his position with immediate effect and will be responsible for leading all commercial activity on a day-to-day basis. Mr Sies joins Air Malta with a strong track record after...

  • A review of the Maltese bond market in 2016

    A review of the Maltese bond market in 2016

    Following last week’s round-up of the Maltese equity market, a review of the bond market in 2016 is warranted. Conventional finance theory states that investors are generally more exposed to volatility when investing in shares as opposed to bonds.