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  • Investment in maritime training centre

    Investment in maritime training centre

    MMRTC Coop Ltd, run by the Malta Maritime Pilots, announced a €3 million investment in a new maritime training facility in Ħal Far. The new centre, branded as MaritimeMT, will offer a new holistic approach that targets all the maritime sectors and...

  • Ministry denies tax changes by stealth

    Ministry denies tax changes by stealth

    The Finance Ministry has denied that changes to the final withholding tax system were done by stealth, insisting they had been introduced in 2008. The ministry was reacting to an article that appeared in the Times of Malta on Tuesday about changes...

  • Italy risk hits bourse, euro backs EU shares

    Italy's two anti-system parties’ progress to form a coalition and free up billions of euros for tax cuts and welfare scared off investors and hit the Milan bourse yesterday, while a weak euro provided support to the broader European market. The...

  • BOV customer notification

    Bank of Valletta would like to advise its esteemed customers that due to a planned upgrade to the BOV Internet Banking platform, BOV 24x7 Services will be unavailable on Sunday from 2am onwards. It is estimated that the service will be restored...

  • Shipping movements

    The following ships are expected in Malta: The CMA CGM Puget from Algeciras to Salerno, the Fiona from Casablanca to Odessa, the Kreta S (phase in), the Benedikt Rambow (phase in), the Nicola from Tunis to Sfax, the Louisa Schulte (phase in) to...

  • The beer giant turns 90

    The beer giant turns 90

    In the beginning, it was a flour mill and pasta-making factory in Ħamrun and now, 90 years later, it is the island’s premium brewery. Farsons launched its first beer, the Farsons Pale Ale, then popularly referred to as tal-Iġgant (the giant’s), in...

  • Simonds Farsons Cisk maintains positive growth

    Simonds Farsons Cisk maintains positive growth

    Simonds Farsons Cisk plc has increased turnover to a record €95 million for the financial year ending January 31. This represents an increase of 7.8% over the previous financial year’s results, while profit before tax from continuing operations...

  • Indicator of sound strategic path

    Indicator of sound strategic path

    FIMBank plc recently held its annual general meeting at the Intercontinental hotel. In his opening address, FIMBank group chairman John C. Grech explained to the shareholders present the background to the group’s performance last year. He referred...

  • GO reviews positive 2017 performance

    GO reviews positive 2017 performance

    GO plc this week held its twentieth AGM, during which the company’s senior management team provided shareholders with a detailed review of the company’s performance during 2017. The meeting also approved a net dividend of €0.13 per share, an...

  • Arctic oil ‘undrillable’ amid global warming – UN’s ex-climate chief

    An architect of the Paris climate agreement urged governments yesterday to halt oil exploration in the Arctic, saying drilling was not economical and warming threatened the environmentally fragile region. Christiana Figueres, formerly head of the...

  • Hyundai overhaul faces more opposition as Glass Lewis urges no-vote

    Hyundai overhaul faces more opposition as Glass Lewis urges no-vote

    A planned overhaul of Hyundai Motor Group’s ownership structure has garnered more opposition with a major US proxy adviser urging shareholders to reject a deal in which the group’s proposed de facto holding firm would spin off lucrative...

  • Global stocks sink as soft China data, trade fears weigh

    World stocks fell as investors digested soft Chinese economic data and a lack of progress in US-China trade talks, though oil companies were a bright spot as crude hit a three-and-a-half-year high. MSCI's world equity index, which tracks shares in...

  • Fantastic experiences out at sea

    Fantastic experiences out at sea

    A long boating season, professionalism and return custom are fuelling the growth of the yacht charter industry in Malta, says OceanLine managing director Daniel Ashforth. When was OceanLine’s charter division set up and with what aims?OceanLine...

  • A shade of corporate green

    A shade of corporate green

    As environmental concerns top the policy agenda globally and locally, and awareness increases among the population, the ideas behind going green in business are increasingly becoming attractive and worthwhile. In Malta, although individual and...

  • HSBC says it performed first trade finance transaction using blockchain

    HSBC says it performed first trade finance transaction using blockchain

    HSBC Holdings Plc said yesterday it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international trade. HSBC...

  • In concession, Trump will help China’s ZTE ‘get back into business’

    In concession, Trump will help China’s ZTE ‘get back into business’

    US President Donald Trump pledged on Sunday to help ZTE Corp “get back into business, fast” after a US ban crippled the Chinese technology company, offering a job-saving concession to Beijing ahead of high-stakes trade talks this week. “Too many...

  • UK employers plan to raise pay by more over coming year

    British employers plan to offer bigger pay rises to staff over the next year than they expected three months ago, reflecting faster pay growth in the public sector as well as more general demand for staff, an industry survey showed yesterday. The...

  • US, Asian shares climb amid trade hopes

    Stocks in the United States and Asia rallied on hopes for improving trade relations between the US and China, while the US dollar weakened for a fourth straight session against a basket of currencies. US President Donald Trump pledged on Sunday to...

  • JPMorgan Chase submits application for majority-owned China securities business

    JPMorgan Chase said yesterday it had submitted an application to the Chinese securities regulator for setting up a new onshore securities business in which the US bank would own a 51 per cent stake. The bank’s asset and wealth management unit is...

  • Money market report for the week ending May 11

    On May 7, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on May 8 and attracted bids from euro area eligible counterparties of €2 billion, €0.56 billion lower than the bid amount...