FROM INTERNATIONAL FINANCIAL NEWS

US VICE PRESIDENT PENCE ASSURES EU LEADERS OF AMERICAN SUPPORT

20th February 2017


US Vice President Mike Pence assured the European Union that the administration led by Donald Trump backed the EU as a partner and would develop its cooperation in trade and security.

FROM INTERNATIONAL FINANCIAL NEWS

EU PARLIAMENT BACKS CETA FREE TRADE DEAL WITH CANADA

15th February 2017

The European Parliament has approved the landmark free trade deal with Canada known as CETA.

FROM INTERNATIONAL FINANCIAL NEWS

UK MPS REJECT AMENDMENT TO GIVE EU CITIZENS PERMANENT RESIDENCY

9th February 2017

Attempts to force the government to give all EU citizens in the UK permanent residency after Britain leaves the European Union were blocked in the House of Commons by 332 votes to 290.

FROM INTERNATIONAL FINANCIAL NEWS

GLOBAL INVESTMENT INTO EUROPE NOT DIMINISHED BY GEOPOLITICAL INSTABILITY

7th February 2017

Investment plans into Europe over the next three years are strong, with 56 per cent of global investors planning to grow their presence in Europe, despite current geopolitical and financial market volatility, according to the EY 2017 European attractiveness survey – Plan B for Brexit.

FROM INTERNATIONAL FINANCIAL NEWS

MUSCAT AFFIRMS THAT TRUMP POLICIES ARE CAUSE FOR CONCERN

1st February 2017

Prime Minister Joseph Muscat said yesterday he agreed with European Council President Donald Tusk’s concerns over threats to Europe, including US President Donald Trump, China and Russia’s encroaching influence and radical Islam.

FROM INTERNATIONAL FINANCIAL NEWS

MAY'S OFFER TO BE 'BRIDGE TO TRUMP' REBUFFED DURING MALTA SUMMIT

3rd February 2017

UK Prime Minister Theresa May’s offer to be a ‘bridge to Donald Trump’ within hours of her arrival at the summit in Malta was firmly rebuffed by most leaders of the European Union.

FROM INTERNATIONAL FINANCIAL NEWS

EU COUNCIL HEAD SAYS TRUMP IS A THREAT TO EUROPE

31st January 2017


European Council President Donald Tusk described US President Donald Trump as a threat to Europe, putting him on the same scale as Russia, China and radical Islam.

FROM BUSINESS NEWS

MALTA'S ECONOMY CAN EMERGE EVEN STRONGER IN 2017 – HSBC MALTA CEO

31st January 2017

The high level of uncertainty in global and European economies should not hold back Malta's potential to emerge even stronger in 2017, HSBC Malta CEO Andrew Beane said.

FROM BUSINESS NEWS

QUICK AND FAIR AGREEMENT ON BREXIT NEEDED

30th January 2017

“What Brexit means for Business”, an event organised by the Malta Chamber of Commerce, Enterprise and Industry.

FROM BUSINESS NEWS

NEW SYSTEM SIMPLIFIES VAT-FREE SHOPPING IN MALTA

30th January 2017

Non-EU nationals claiming VAT on large purchases bought in Malta will now find it easier to apply for their refund, Finance Minister Edward Scicluna said today.

FROM BUSINESS NEWS

FANTASY SPORTS GIANT DRAFTKINGS GETS MALTA LICENCE

30th January 2017

Draftkings – one of the two biggest companies in the fantasy sports industry – has been granted a controlled skill games licence, allowing it to operate in Malta and many other European Union states.

FROM INTERVIEWS

DRAWING A LINE IN THE SAND

29th January 2017

Dr John Vassallo, former Ambassador of Malta to the EU, President of the Malta Business Bureau, member of the Council of Europa Nostra and Strategic Adviser to the Microsoft Corporation speaks out about striking a balance between economic growth and environmental protection.

FROM COMMERCIAL NEWS

TECH TRENDS 2017: THE HOTTEST NEW GADGETS

28th January 2017 – Marie-Claire Grima


From virtual reality and gaming to smart homes, we look at the latest gadgets on the market for business, leisure or both.

FROM BUSINESS NEWS

UNLICENSED HOLIDAY ACCOMMODATIONS FACE LEGAL CONSEQUENCES

27th January 2017

Legal proceedings were initiated against 77 unlicensed holiday accommodations during 2016, according to Tourism Minister Edward Zammit Lewis, who said the government would not allow Malta’s reputation as a quality tourist destination to be tarnished.

FROM BUSINESS NEWS

BUSINESS STAKEHOLDERS DISCUSS GEO-BLOCKING AND E-COMMERCE

27th January 2017

The phenomenon of geo-blocking was discussed on Friday in a stakeholders’ dialogue with MEP Therese Comodini Cachia, organised by the Malta Business Bureau and the European Parliament Information Office.

FROM BUSINESS NEWS

6PM ACQUISITION TO GO FORWARD AS SHAREHOLDERS SUBMIT ACCEPTANCES

27th January 2017

Maltese software company 6PM has received more than 98 per cent of acceptances from its shareholders, pacing the way for its acquisition by Idox.

FROM BUSINESS NEWS

MALTESE FLAG LAUNCHES NEW GUIDELINES FOR PRIVATE YACHTS

27th January 2017

Transport Malta has introduced new guidelines that allow super yachts over 500gt to carry more than 12 guests, without needing to adhere to SOLAS or the PYC.

FROM BUSINESS NEWS

BDI RECOGNISE THE MALTA CHAMBER'S REGIONAL AID CAUSE

26th January 2017

A high level delegation from the Federation of German Industries (BDI), agreed to support the Malta Chamber’s cause in insisting with the European Union that in terms of its regional aid guidelines, islands should be treated in the same manner, irrespective of whether they are regions or states.

FROM INTERNATIONAL FINANCIAL NEWS

BRITISH GOVERNMENT INTRODUCES BREXIT BILL

26th January 2017

Britain's Brexit Minister David Davis has introduced a bill on triggering Article 50, which will launch Britain's exit from the 28-nation bloc.

FROM BUSINESS NEWS

SOCIAL RIGHTS FIRMLY ROOTED IN COMPETITIVENESS

26th January 2017

The development of a European Pillar Social Rights must be firmly rooted in sustainable competitiveness of the Union rather than a threat to it.

FROM BUSINESS NEWS

MALTA PLUMMETS DEEPER THAN EVER ON CORRUPTION INDEX

25th January 2017

Within a single year, Malta has fallen 10 places on the Corruption Perceptions Index, sinking to its worst ever 47th placing since it started being monitored by Transparency International in 2004.

FROM BUSINESS NEWS

MALTA LOSING €200 MILLION A YEAR DUE TO TRAFFIC - TRANSPORT MINISTER

24th January 2017

Traffic is costing the Maltese economy €200 million every year, a figure which will rise to €1.2 billion by 2050 unless current policies were changed, Transport Minister Joe Mizzi said.

FROM INTERNATIONAL FINANCIAL NEWS

MAY CANNOT TRIGGER BREXIT WITHOUT PARLIAMENTARY APPROVAL

24th January 2017

The UK’s Supreme Court has ruled that government cannot start the Brexit process until it has been voted on in Parliament.

FROM INTERNATIONAL FINANCIAL NEWS

TRUMP PULLS AMERICA OUT OF TPP TRADE DEAL

24th January 2017

President Donald Trump has signed an executive order withdrawing the United States from the Trans-Pacific Partnership (TPP).

FROM BUSINESS NEWS

BREXIT MINISTER BRINGS UP CLOSE RELATIONSHIP BETWEEN MALTA AND UK

23rd January 2017

It was hard to believe that two countries with a relationship as close as Malta and the UK would not be able to reach a mutually-beneficial bilateral agreement once the Brexit negotiations were concluded, according to David Jones, the UK Minister for the Department for Exiting the European Union.

FROM BUSINESS NEWS

SHIREBURN INDIGO PAYROLL SHORTLISTED FOR MCA EBUSINESS AWARDS

27th January 2017

Shireburn Indigo Payroll finalist in the Best B2B Application category

FROM BUSINESS NEWS

TAXES MAY BE RAISED UNLESS PEOPLE KEEP WORKING OVER 65, CENTRAL BANK WARNS

23rd January 2017

The government may have to choose between reducing spending or raising taxes within just 10 years in order to fund its hefty pension bill, the Central Bank of Malta warned.

FROM INTERVIEWS

A CHANGING LANDSCAPE

Marie-Claire Grima – 22nd January 2017

After Malta hit a peak of commercial and investment activity in 2015, the pace has steadied, while the increasing diversity of the economy ensures that the breadth of its stride is maintained. Finance Minister Prof. Edward Scicluna speaks about Malta’s pull factor for young Europeans, developing the national infrastructure according to the needs of the people and the nation’s opportunities as the holder of the Presidency of the European Council for the first semester of 2017.

FROM LIFE & ART

HIT THE OFFICE IN STYLE THIS WINTER

Martina Said – 21st January 2017

70s inspired suits, metallic colours and feminine pleats abound this season, promising chic silhouettes for the office and beyond. Here’s our pick of winter fashion trends.

FROM BUSINESS NEWS

SCICLUNA DEFENDS MALTA'S USE OF 'COMPETITIVE' TAXATION

20th January 2017

Finance Minister Edward Scicluna said that Malta should not be embarrassed to use taxation as a competitive instrument, and that each EU member state should be able to decide on taxation rates for themselves.

FROM BUSINESS NEWS

LLOYD'S CEO RULES OUT MALTA AS POST-BREXIT LOCATION

20th January 2017

Inga Beale, the chief executive of Lloyd’s of London has dismissed Malta as a possible subsidiary outside of London after Britain leaves the European Union.

FROM BUSINESS NEWS

CONFEDERATION OF BRITISH INDUSTRY PRESIDENT AND MALTA PM TO DISCUSS BREXIT

19th January 2017

‘What Brexit means for Business’ to discuss the future of trade relations between the UK and the EU to be organised by the Malta Chamber on 30th January

FROM BUSINESS NEWS

HOUSE PRICES IN MALTA REGISTER HIGHEST QUARTERLY INCREASE IN EU

19th January 2017

House prices in Malta registered the highest increase from the previous quarter from among EU countries for which data is available, according to new figures published by Eurostat.

FROM BUSINESS NEWS

MALTA SHOULD GO AFTER UK BUSINESSES THAT WANT TO STAY IN EU MARKET - BUSUTTIL

18th January 2017

Opposition Leader Simon Busuttil believes that Malta should go after those businesses based in the UK that want to remain in the European market after Brexit.

FROM INTERNATIONAL FINANCIAL NEWS

HSBC TO MOVE STAFF FROM LONDON TO PARIS AFTER BREXIT

18th January 2017

HSBC will move staff responsible for generating around a fifth of its UK-based trading revenue to Paris following Britain's exit from the European Union.

FROM INTERNATIONAL FINANCIAL NEWS

UK TO LEAVE SINGLE MARKET, AIMS FOR EU FREE TRADE DEAL

17th January 2017

Britain will leave both the European Union and the single market, UK Prime Minister Theresa May confirmed today.

FROM BUSINESS NEWS

MALTA STOCK EXCHANGE LAUNCHES THE NATIONAL CAPITAL MARKET STRATEGIC PLAN

16th January 2017

The National Capital Markets Strategic Plan, a structured approach geared towards modernising the Maltese capital markets in order to compete effectively with other European exchanges, has been officially launched.

FROM INTERNATIONAL FINANCIAL NEWS

MAY 'TO REVEAL HARD BREXIT PLANS' IN MAJOR SPEECH ON TUESDAY

16th January 2017

Britain’s Prime Minister Theresa May is expected to give the fullest insight yet into her Brexit plans in a major speech on Tuesday.

FROM INTERVIEWS

MAKING MALTA MORE COMPETITIVE

Martina Said – 15th January 2017

In view of a flourishing economy and positive outlook for 2017, Malta Chamber President Anton Borg says it’s no time to sit back and enjoy the ride. He discusses the 2017 Budget, the serious lack of available human resources on the island, as well as his priorities for his last few months as president.

FROM INTERVIEWS

MEET MALTA'S YOUNG ENTREPRENEURS: MARC VON BROCKDORFF

Sarah Micallef – 14th January 2017

Malta-based start-up Hotjar has gone from strength to strength since its launch in September 2014, registering 200,000+ users in December 2016. Co-Founder and Director of Engineering Marc von Brockdorff spills the beans on how it’s all come about.

FROM BUSINESS NEWS

MALTA'S ECONOMY COULD BE USED AS POLICY TEMPLATE – EU DEVELOPMENT BANK DIRECTOR

13th January 2017

Malta’s economic and social priorities during its EU presidency were perfectly aligned with those of the European Bank for Reconstruction and Development (EBRD), the Bank’s director Johannes Seiringer said.

FROM BUSINESS NEWS

6PM SHAREHOLDERS HAVE UNTIL 24 JANUARY TO ACCEPT IDOX DEAL

12th January 2017

Maltese software company 6PM’s main shareholders have already committed their shares ahead of the planned acquisition by British firm Idox, but the remaining shareholders have until 24 January to accept the deal.

FROM BUSINESS NEWS

MALTA EARMARKED AS LIKELY LOCATION FOR POST-BREXIT LLOYDS SUBSIDIARY

12th January 2017

Malta is emerging as a likely possible location for a subsidiary of Lloyds of London after Brexit, as discussions between the insurance firm, the Malta Financial Services Authority, and a local law firm intensify.

FROM BUSINESS NEWS

MIA PROJECTS €73 MILLION IN REVENUES FOR 2017, REVEALS NEW ROUTES

11th January 2017

Marking a 10 per cent increase in traffic at the end of 2016 over the previous year, Malta International Airport has projected that it will register €73 million in revenue in 2017.

FROM BUSINESS NEWS

ALL SHOPS NOW ALLOWED TO OPEN ON SUNDAYS

10th January 2017

Maltese retail outlets are now allowed to open on Sundays at no extra cost, as long as they remain closed on any another day.

FROM BUSINESS NEWS

BICAL BANK FOUNDER CECIL PACE DIES

10th January 2017

Businessman Cecil Pace, who was the founder and head of the defunct Bical Bank and one of Malta's foremost businessmen in the 1960s, has died at the age of 89.

FROM INTERNATIONAL FINANCIAL NEWS

MCDONALD'S AGREES TO $2.1BN CHINA FRANCHISE SALE

9th January 2017

McDonald's has agreed to sell 80 per cent of its business in China and Hong Kong to China's state-owned investment group Citic, and US private equity firm Carlyle Group in a deal valued at $2.1bn.

FROM INTERVIEWS

TRADEMALTA: ON THE HORIZON IN 2017

Sarah Micallef – 8th January 2017

In 2015, TradeMalta was formed as a partnership between the Malta Chamber and Malta Enterprise, with the aim of assisting local enterprise in reaching foreign markets with their products and services. Chairman David Curmi discusses how TradeMalta is working toward achieving its mission – that of helping businesses based in Malta grow bigger, better and faster in international markets.

FROM LIFE & ART

FROM FAUX MEAT TO FREAKSHAKES, HERE'S WHAT'LL HAVE YOUR TASTE BUDS TINGLING THIS YEAR

7th January 2017

Want to know what’s going to be big in the food world this year? We have the scoop (literally!)

FROM COMMERCIAL NEWS

EY MALTA LAUNCHES FIRST GLOBAL ENTREPRENEUR OF THE YEAR PROGRAMME

6th January 2017

EY Malta is launching its first Entrepreneur of the Year programme on 9 January 2017. The winner will then compete in EY’s World Entrepreneur of The Year award competition held in Monaco.

FROM INTERNATIONAL FINANCIAL NEWS

EU NOW AUTOMATICALLY SHARES CROSS-BORDER TAX RULINGS ACROSS STATES

5th January 2017

Under new rules that came into force on 1 January, all 27 countries in the European Union will have to compile and exchange biannual reports on the special tax deals they offer to multinational companies.

FROM BUSINESS NEWS

STAY ON FOCUS

5th January 2017

The Chamber rounded up 2016 with a positive outlook, yet with a healthy dose of caution for the year we have just started. The extraordinary circumstances Malta and the region shall be facing during 2017 may alter the country’s path of relative success it has positioned itself in the recent past. Government and the authorities need to be vigilant more than ever in order to remain on track and continue to build on the successes garnered.

FROM INTERNATIONAL FINANCIAL NEWS

EUROZONE BUSINESS GROWTH IN DECEMBER FASTEST SINCE 2011 – PMI

5th January 2017

2016 in the Eurozone ended with businesses boosting activity at the fastest pace for five-and-a-half years, according to IHS Markit’s final composite Purchasing Managers’ Index for the Eurozone.

FROM INTERNATIONAL FINANCIAL NEWS

HSBC RAISES FORECASTS FOR WORLD ECONOMIC GROWTH AND INFLATION

4th January 2017

Economists at HSBC have raised their forecast for global growth and inflation over the next two years based on robust manufacturing activity, China’s flexibility, and the fiscal boost expected to come in the United States.

FROM LIFE & ART

A FEAST FOR THE SENSES: SEAN MALLIA LAUNCHES PHOTOGRAPHIC EXHIBITION

4th January 2017

Photographic print exhibition Gastrografija, launched in December, features artful gastronomic displays to delight and tantalise.

FROM INTERNATIONAL FINANCIAL NEWS

UK'S TOP AMBASSADOR TO EU QUITS AHEAD OF BREXIT NEGOTIATIONS

3rd January 2017

Britain’s ambassador to the EU, Sir Ivan Rogers, has suddenly resigned, leaving officials in shock over the loss of one of Britain’s most experienced EU negotiators.

FROM INTERVIEWS

MEET MALTA'S YOUNG ENTREPRENEURS: MATTHEW AND ANDREW BEZZINA

Marie-Claire Grima – 2nd January 2017

Andrew Bezzina, who co-founded eCabs with his brother Matthew and long-time friend Kevin Vassallo eight years ago, talks about fighting the stigma of the transport industry, encouraging entrepreneurship, and whether there’s an end in sight to Malta’s endemic traffic problems.

FROM COMMERCIAL NEWS

AIR MALTA KICKS OFF THREE-DAY JANUARY SALE

3rd January 2017

Air Malta is offering unmissable deals to 17 of its most popular destinations, starting from as little as €35 one-way, inclusive of taxes and charges.

FROM INTERVIEWS

BANKING FOCUS: FIMBANK GROUP

Martina Said – 1st January 2017

Banking sector leaders reveal their thoughts on what’s on the horizon for banks in the coming year in the recently released Economic Vision 2017. This is what FIMBank Group Chief Executive Officer Murali Subramanian had to say.

FROM INTERVIEWS

MEET MALTA'S YOUNG ENTREPRENEURS: SEAN GRAVINA

Sarah Micallef – 31st December 2016

Having recently announced the upcoming launch of his first food outlet, Crust, in 2017, celebrity chef and young entrepreneur Sean Gravina speaks about his journey so far, and what he hopes to achieve within his new bakery.