With already more than 43,000 employees’ payroll and leave being managed by the Shireburn Indigo Payroll solution, Shireburn launched its cloud-based Time and Attendance module to further streamline all people management processes for local businesses.
This will strengthen the Indigo platform with shift and attendance management, scheduling and rostering, exceptions handling, cost control and budgeting as well as vital automatic linkages with leave and payroll.
Local companies, particularly those that employ a dispersed workforce, or whose operations are dependent on efficient work scheduling, such as hospitality and manufacturing, can begin to make use of these additional features as of January 2019.
John de Giorgio, managing director of Shireburn Software, explained that the successful take-up and feedback on the Indigo platform has this far been highly positive, with over 2,200 Malta-based companies utilising Shireburn’s cloud solution increasingly on the rise.
Mazars workshop on VAT legislation
Mazars Malta recently organised the second of its 2018 series of information sessions branded ‘Made Simple, by Mazars’. The workshop, held at the Royal Malta Yacht Club, was aimed at giving practical insights into VAT legislation.
This session was specifically targeted at directors and executives of owner-managed businesses.
Mazars Malta Tax partner Paul Giglio explained that during the workshop on VAT legislation “we provided an overview of myriad issues relating to VAT, including set-offs, cash accounting, and deferral of VAT payments. During the workshop, we also discussed scenarios such as the transfer of a business as a going concern, adjustments relating to input tax on capital goods, and switching VAT registration. Moreover, our experts provided practical insights into matters such as the small undertakings threshold, how to deal with VAT investigations, input VAT incurred on ‘blocked’ acquisitions and the option of monthly as against quarterly VAT periods.”
Medserv get major contract in South America
Medserv has been awarded a shore base contract valued at $30.6 million in a new geographical market. The contract is for a period of 15 months commencing January 1, 2019, providing nearshore logistics support to Staatsolie Maatschappij Suriname.
The contract relates to an emerging region adjacent to the recent ExxonMobil discoveries in offshore Guyana, potentially providing further opportunities in the region for the Group.
It was awarded to Medserv following an international tendering process. The key factor attributing the contract award was a strong and experienced project management personnel that can support Staatsolie’s drilling operations.
It is expected that this contract will be serviced through the group’s internal resources and will not require any major capital expenditure.
Staatsolie Maatschappij Suriname N.V. is a fully integrated oil company, with the Republic of Suriname as its single shareholder. Medserv will provide integrated logistics support services (ILSS) to support the Nearshore drilling campaign of Staatsolie Maatschappij Suriname N.V. (Staatsolie) together with shore base business partner Kuldipsingh Port Facility N.V. and marine services provider Trinity Lift Boat Services Ltd.
25 years of growth
Malta Freeport Terminals held a special ceremony for 49 employees who this year marked 25 years with the company and have witnessed the Freeport grow from a relatively small operation handling 288,000 containers to over 3.15 million today.
Freeport CEO Alex Montebello said: “We are very proud of the growth we have achieved in the past quarter of a century, but we are equally delighted that so many of our staff have chosen to be part of our journey – which will continue to undertake together.”
The Freeport, which employs 167 people, recently invested €25 million in new, environmentally-friendly yard equipment and upgraded part of the yard area of Terminal One, increasing stacking capability, which has enabled the yard – which is at full capacity – to store an additional 4,000 containers.