General Motors' shock decision to pull out of a sale of its Opel/Vauxhall unit triggered outrage from the German government yesterday and fresh uncertainty for the automaker's 55,000 European workers. German Chancellor Angela Merkel had offered €4.5...
Lombard Bank Malta plc is confident it will continue on course towards achieving a positive result for the financial year ending next month despite uncertainty in the eurozone and the crisis' effect on the local ecomomy. In an interim directors'...
The executive board of Austrian Airlines AG and the majority shareholder in Austrian Airlines, ÖLH Österreichische Luftverkehrs-Holding-GmbH have jointly agreed on appropriate cash compensation of €0.50 per share in a squeeze-out of the remaining...
Bank of Valletta is to install a series of new ATMs to expand its 70-plus nationwide network. The bank said the new machines are among the most technologically-advanced models available on the market and will enhance the service offered to...
Malta Segway Marketing has launched an innovative marketing medium, the Segway, which can be branded for any event. The vehicle, a personal transporter, allows hosts accessibility in most venues and helps to create a greater presence and cover a larger...
November 18, European Food Science Day This event is a collective effort of 10 research networks, together representing more than 2,000 European researchers. Leading scientists will present their latest results in the fields of food quality, food...
The difficult economic environment is providing an unprecedented opportunity for IT leaders to show their added value and significantly increase their impact at board level. This is one of the surprising findings of the third edition of Deloitte's...
Go yesterday unveiled new rates on its internet "On The Move" services. At a business breakfast forum, the communications company also launched "Duo Pack", an innovative bundle of ADSL internet and fixed phone line telephony with six months' free...
Malta's ESI rises substantially
The titles of last Friday's press release announcing Bank of Valletta Group results for the year ended September 30 summed up the reasons behind the bank doubling the previous year's profit to just under €82 million. "Bank of Valletta results recover...
Financial services firm MFSP Financial has launched the ARM Asset Backed Bonds (Tranche 9) 7.5 per cent per annum maturing in 2014. The bonds are issued by ARM Asset Backed Securities S.A as part of the $250 million ARM Asset Backed Securitisation...
CHI Hotels & Resorts, exclusive operators of the luxury Corinthia Hotels brand worldwide and of the Wyndham and Ramada Plaza brands in Europe, Africa and the Middle East, has announced that its five-star Corinthia Palace Hotel & Spa has won the coveted...
Propertyline International recently participated in a property exhibition held in Stockholm. Nic Ashby, senior sales consultant for Propertyline International, said: "We are very happy with the response from the public and how interested the Swedish...
Middlesea Insurance plc is to launch a rights issue in a bid to boost its capitalisation to meet regulatory obligations, the company said in a statement on the Malta Stock Exchange on Tuesday evening. The company, one of Malta's top three insurers, has...
No discussions between the management of Air Malta and the General Workers' Union on the company's collective agreement have been held since October 14, the airline's CEO, Joe Cappello told The Times Business. Mr Cappello said the GWU walked out of the...
The HSBC Malta Property Expo - held for the first time last February - received the highly commended award in the exhibition category at the OPP Industry Awards. These prestigious awards, organised annually during OPP LIVE are considered to be the most...
Following an intensive audit by the Malta Tourism Authority's Green Committee, InterContinental Malta was recently presented with an eco-certificate by Mario de Marco, Parliamentary Secretary for Tourism, and Josef Formosa Gauci, MTA...
From the middle of next year, Lufthansa's customers will once again enjoy the full freedom to communicate via the internet above the clouds as the airline relaunches FlyNet, its on-board broadband Internet service. In addition, the new service will...
The Westin Dragonara Resort has once again achieved the winning title of Europe's Leading Island Resort during the World Travel Awards European regional ceremony, staged recently in the luxurious Marriott Praia D'El Rey in Portugal. In the Europe...
Bank of Valletta has decided to discontinue using Moody's rating service as part of its cost-cutting strategy, the bank said yesterday. Following press reports that the international credit rating agency had withdrawn ratings for BoV, the bank issued a...
A microfinance scheme funded by the European Union is to be launched in next week's Budget, The Times Business has learnt. Microfinance is the provision of financial services to low-income clients, small businesses and the self-employed that...
The market is tagging along in its wait and see mode. The big news is just about to come. The market is pretty sure that a heated debate will take place at the boardrooms of the FOMC, the ECB and the BoE this week. How long should one wait to take back...
In June 2009, the European Commission published its communication providing guidance on state aid to ship management companies. This communication presents opportunities for Malta in the ship management sector. Appropriate steps need to be taken to...
Extending credit to customers is healthy, both for business enterprises and the economy, as it helps in the selling process and in maintaining long-term customer relationships. But credit costs money and should not be abused in any way. If it is not...
Final gross dividend of €0.215 per share and 1 for 4 bonus share issue
EU data protection rules are bound to become more stringent. The European Commission is gearing up to review the current law in 2010 with the precise objective of increasing data protection for internet services such as webmail, social networks and...
Traditionally, branding has been considered the exclusive domain of creative people in the advertising industry. It was the advertising agency which took care of a company's branding and re-branding, but in recent years the exercise has become much...
The economist John Maynard Keynes wrote The General Theory of Employment, Interest, and Money (1936) to "bring to an issue the deep divergences of opinion between fellow economists which have for the time being almost destroyed the practical influence...
The Minister of Finance will be looking at the 2008/09 results of the Bank of Valletta and probably rubbing his hands with understandable glee. After a dismal performance the year before, due to the cruel buffeting inflicted on its foreign investments...
We are in the season when the country's financial results for the past year are dissected and the projections for next year are debated in Parliament and analysed by the media. Some find this public debate disappointing because it is often based on a...
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