There were 8,500 retirees still working at the end of 2013, of which 2,800 are over 65, according to Eurostat. The number has been rising steadily year-on-year, rising from 3,100 in 2007. In the first quarter of this year, the over-65s increased yet...
John Bencini was appointed chairman of the Malta Council for Social and Economic Development over a year ago. Vanessa Macdonald asked him about his role and that of the council. Does the lack of real controversy and conflict mean you are not pressing...
Finance Minister Edward Scicluna was unequivocal when he spoke at The Business Observer breakfast about pensions: the approach needs to be a continuous updated effort, instead of sporadic and intermittent steps. He also stressed that long-term...
Economic statistics increasingly make headlines in Malta. A country can only evaluate its progress correctly if the debate focuses on hard evidence rather than perceptions. Unfortunately, the search for sensationalism and summary information quite...
Electrofix Director Debbie Schembri. Photo: Chris Sant Fournier Joseph Schembri took one last look at the people gathered in the inverter room at Medserv and took a deep breath. He reached out and flicked the switch on the first one. You could have...
Legal Notice 256 of 2014 published on July 22 brought into effect the 2014 Investment Registration Scheme which was first announced in the Budget on November 4, 2013. This is the fourth registration scheme launched by the government of Malta following...
Blevins Franks is the leading international cross-border tax and wealth management adviser to UK nationals living in Europe. Its overriding aim is to give clients the peace of mind that comes from knowing their financial affairs are in order. Services...
The setting up of a new Business Development Unit within the Planning Directorate is enabling the Malta Environment and Planning Authority (Mepa) to provide a more efficient and business-oriented service, with a strong emphasis on reducing bureaucratic...
AstraZeneca took a major step to build up its respiratory medicine business yesterday by striking a deal worth up to $2.1 billion for the rights to Spanish group Almirall’s lung drugs. The British drugmaker, which resisted a $118 billion takeover...
Anthony Schembri, CEO and Managing Director. ECCM Bank plc will be officially inaugurated tomorrow evening by the Prime Minister of Malta, Dr Joseph Muscat. ECCM Bank plc is owned by Banasino Investments Limited and Douglas Insurance Company Limited,...
Argentina faced a race against time yesterday to avert its second default in 12 years, needing to either cut a deal by the end of the day with “holdout” investors suing it or win more time from a US court to reach a settlement. Argentine Economy...
New principals at Deloitte
European shares closed lower yesterday, as strong US growth failed to offset some weak earnings reports and concern the conflict between Russia and Ukraine will escalate. Holcim’s and HeidelbergCement’s shares fell 4.8 per cent and 2.8 per cent...
The following ships are expected in Malta: The Oued Ziz from Skikda to Skikda, the CMA CGM Pelleas from Port Said to Genoa, the Vega Carina from Skikda to Tunis (all Carmelo Caruana Co. Ltd) and the Antwerp from Bejaia to Bejaia (Thomas Smith Shipping...
The MSE Share Index this morning recovered from its two-day negative performance, as it edged 0.6% higher to 3,374.883 points as four equities closed higher. Bank of Valletta plc advanced by 1% to the €2.10 level on volumes of 18,236 shares with...
Awareness about water conservation is on the increase especially among primary and secondary students. This is evidenced by the participation of 963 pupils in a children’s drawing and painting competition on water shortage at Il-Fiera l-Kbira at...
A newly-embelished school play area funded by the Vodafone Malta Foundation was inaugurated at the Guardian Angel Resource Centre in Ħamrun, including a set of sensory garden furniture, a set of adaptive swings and a modified basketball for students...
A dinner at Montekristo Estate, organised by the Malta Developers Association, raised €36,500 for the Malta Community Chest Fund. President Marie-Louise Coleiro Preca explained that in the past 10 years, the incidence of cancer has doubled and the...
Middlesea Insurance recently presented a donation to Piccola Casa di San Giuseppe. The funds were utilised for the refurbishment of the home, which is situated in Valletta, particularly the bathroom. The Ursuline sisters, who run the home, take care of...
The legal team from Vodafone Malta rolled up their sleeves and headed down south to help the children and staff at Dar Sagra Familja in Żabbar. The team transformed an unused room within the home into a relaxation room for the children. The Vodafone...
The public trial of a foreign couple linked to GlaxoSmithKline plc (GSK) is set for August 8, a Shanghai court said yesterday. Earlier this month, Chinese prosecutors accused British investigator Peter Humphrey and his American wife Yu Yingzeng for...
Obesity is high on the agenda. Malta’s population ranks the sixth most obese or overweight in the world. In the face of a steady increase in obesity over the last couple of decades both in Malta and elsewhere, legislative initiatives are called for to...
World share markets hovered just below all-time highs yesterday as investors drew encouragement from a rally in China, while Russian stocks enjoyed some respite after three days of heavy selling. Investors remained cautious, however, reflecting...
Oil and gas producer BP reported a sharp rise in second quarter profits yesterday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft. BP said that to date, the...
The local equity market closed in negative territory for the second consecutive day. The MSE share index declined by 0.2 per cent to 3,355.587 points as the large cap banks continued to weaken. Bank of Valletta closed this morning’s session 0.6 per...
Pfizer Inc’s vulnerability to cheaper generics and its weak roster of experimental medicines will be on display today when the company reports quarterly earnings, reviving interest in its pursuit of AstraZeneca Plc or other deals to fortify its...
ECB monetary operations
Education credentials (skills, knowledge and competence formalised through validation or recognised qualifications) are the key for unlocking opportunities in the labour market. Without these credentials, participation in the labour market restricts...
China should boost imports of food so it can dedicate more of its scarce water supplies to energy production, especially in arid but coal-rich regions like Xinjiang and Ningxia, a senior environmental official said yesterday. Mu Guangfeng, the head of...
World stock markets were little changed yesterday while the US dollar edged lower against a basket of major currencies ahead of a ream of US data and events this week. MSCI’s All-World Index erased earlier losses to trade flat as major US stock indexes...
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