Advert

Business

  • Incorvaja takes over Le Méridien

    Incorvaja takes over Le Méridien

    Alex Incorvaja has taken the role of general manager at the five-star Le Méridien St Julian’s Hotel & Spa, part of Starwood Hotels & Resorts. “Alex has the perfect profile for taking this property forward. His extensive background in hotel...

  • HSBC Malta CEO says Maltese economy is poised for growth

    HSBC Malta CEO says Maltese economy is poised for growth

    Malta was an integral part of the story of a changing world and was well positioned to capitalise on the opportunities the future global economy holds for the country, HSBC Bank Malta CEO Andrew Beane said. Mr Beane was speaking at The Economist’s...

  • New board at JCI Malta

    New board at JCI Malta

    A new JCI Malta board took office in January for 2016, led by Clayton Mercieca as national president. The other officials are Annalisa Schembri – immediate past president; Rachel Cassar – deputy president and vice-president international; Daniela...

  • Hotel Juliani named top hotel in Malta for 2016

    Hotel Juliani named top hotel in Malta for 2016

    Hotel Juliani has won TripAdvisor’s well-respected Travellers’ Choice award for 2016 for the second consecutive year, securing its place among the top one per cent of hotels in the world. The hallmarks of Travellers’ Choice winners are remarkable...

  • The Phoenicia wins prestigious 2016 TripAdvisor Travellers’ Choice Award

    The Phoenicia wins prestigious 2016 TripAdvisor Travellers’ Choice Award

    Malta’s longest-established 5-star hotel, The Phoenicia, has won the 2016 TripAdvisor Travellers’ Choice Award for Luxury Hotels, having already won multiple TripAdvisor Awards including the coveted Certificate of Excellence last year. TripAdvisor...

  • Frank Salt appointed exclusive agent for Business Office Services in Mrieħel

    Frank Salt appointed exclusive agent for Business Office Services in Mrieħel

    Frank Salt Real Estate has recently been engaged as sole agents for Malta’s latest high-profile office development – Business Offices Services International (BOSI) in Mrieħel. “If one is looking for office space in Malta, BOSI’s rental options are...

  • Retail banks' share prices close lower

    The share index retreated by 0.76 per cent to 4,469.204 points, namely on the declines of the three retail banks: BOV, HSBC and Lombard. Volumes increased considerably to nearly €453,000 on high trading activity in the equity of BOV. Bank of...

  • The Waiting Game

    It seems markets are encountering one of the biggest waves of volatility since 2011. Investors trading the VIX volatility index are surely the current winners as uncertainty and weak fundamentals continue to spark sell-offs into 2016 in favour of...

  • Cutting down sugar content in baby foods

    Cutting down sugar content in baby foods

    The European Parliament seems to be all out to ensure that the sugar content in infant foods is drastically reduced. In a recent vote taken in a plenary session of the European Parliament, MEPs voted against draft rules published by the European...

  • ESM chief rules out haircut for Greek debt

    The head of the European Stability Mechanism (ESM) yesterday ruled out a haircut for Greek debt but said extending debt maturities and deferring interest are options that officials could use to make Greece’s debt more manageable. Klaus Regling,...

  • Malaysian PM cleared after $681m declared a Saudi gift

    Malaysian PM cleared after $681m declared a Saudi gift

    Malaysia’s attorney-general cleared Prime Minister Najib Razak of any criminal offences or corruption yesterday, closing investigations into a murky multimillion-dollar funding scandal that his opponents had hoped would bring him down. Mr Najib...

  • Stocks and oil rise on new hopes of crude output cut

    Global stock markets and oil prices rose yesterday in another volatile session on hopes oil producers would pare pro­duction to alleviate the supply excess that has punished equity prices and pushed oil values to 12-year lows. Nervous investors...

  • BOV only positive performer today

    The share index surpassed the 4,500 points level and added 0.18 per cent today to 4,503.598 points as all active equities closed flat with the exception of BOV. Total trading activity dropped to a mere €181,000. Bank of Valletta advanced by 0.9...

  • Dead cat bounce or recovery in sight?

    Was last end of week rally a dead cat bounce? Are we in for more heartache or have we reached a bottom? Will markets range trade now that January’s lacklustre performance in risky assets to date has seen a number of investors bottom fishing, or...

  • Going beyond the open-closed office dichotomy

    Going beyond the open-closed office dichotomy

    An online search about office layout will give thousands of links to different articles lauding or scoring the merits of open offices and – by extension –closed offices. Open offices refers to layouts where a number of employees are placed in a...

  • Money market report for the week ended January 22

    On Thursday, January 21, the Governing Council of the European Central Bank (ECB) decided that the interest rates on the main refinancing operations (MRO), on the marginal lending facility and on the deposit facility will remain unchanged at 0.05...

  • Google to face grilling by MPs over tax deal

    Google to face grilling by MPs over tax deal

    A UK parliamentary committee will invite Google to testify about a back tax deal under which it will pay £130 million to settle claims covering a 10-year period – an amount the opposition Labour party has described as derisory. Meg Hillier, the...

  • Iranian President flies to Europe, mega business deals readied

    Iranian President Hassan Rouhani flew to Italy yesterday at the start of his first official visit to Europe, looking to sign multi-billion dollar contracts to help to modernise Iran’s economy. Heading a 120-strong delegation of Iranian business...

  • Renewed oil price drop hurts stocks

    A renewed drop in oil prices due to worries about a global supply glut yesterday hurt US and European stock markets and weighed on the dollar following a rebound in those sectors late last week. Anxiety about the drag from tumbling energy prices...

  • France set to redefine 35-hour working week, PM says

    France set to redefine 35-hour working week, PM says

    France will give companies the right to negotiate longer working weeks and overtime pay, Prime Minister Manuel Valls said yesterday, changes to the 35-hour week that face resistance from increasingly vocal rebel Socialist lawmakers and...