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.

FROM INTERVIEWS

BANKING FOCUS: SPARKASSE BANK MALTA

Martina Said – 30th December 2016

Key players within the local banking sector make their projections for the coming year in the recently released Economic Vision 2017. Paul Mifsud, Managing Director at Sparkasse Bank Malta plc shares his thoughts.

FROM INTERVIEWS

MEET MALTA’S YOUNG ENTREPRENEURS: TOMMY DIACONO

Sarah Micallef – 29th December 2016

Popular burger chain New York Best has been a runaway success since the first restaurant opened its doors in 2011, with four buzzing eateries currently under its belt. Founder and young entrepreneur Tommy Diacono reveals his recipe for success.

FROM INTERVIEWS

BANKING FOCUS: HSBC BANK MALTA PLC

Martina Said – 28th December 2016

Heads of leading local banks divulge what’s in store for the sector in the coming year in the recently released Economic Vision 2017. HSBC Bank Malta plc Chief Executive Officer, Andrew Beane, weighs in.

FROM BUSINESS NEWS

THE RISE AND RISE OF MALTA'S ECONOMY: IS IT SUSTAINABLE?

Martina Said – 27th December 2016

As 2016 draws to a close, the applauded successes achieved by the country’s economy throughout the year are somewhat overshadowed by doubts over whether or not the bubble will burst, and if it does, what then? Economist Gordon Cordina and sociologist Michael Briguglio discuss what challenges lie ahead in 2017.

FROM INTERVIEWS

BANKING FOCUS: BANK OF VALLETTA

Martina Said – 26th December 2016

Leading industry players within the local banking sector share their thoughts on the coming year in the recently released Economic Vision 2017. Here’s Mario Mallia, Chief Executive Officer at Bank of Valletta’s take.

FROM INTERVIEWS

ENTREPRENEURS SHARE THEIR FESTIVE PLANS

Jo Caruana – 25th December 2016

From parties and socialising to intimate family celebrations, three of Malta’s best-known entrepreneurs share what they love most about the festive season.

FROM INTERVIEWS

BANKING FOCUS: APS BANK LIMITED

Martina Said – 24th December 2016

The heads of leading banks shared their valuable insight on what to expect from the banking sector in the coming year in the recently released Economic Vision 2017. Here’s what Marcel Cassar, Chief Executive Officer at APS Bank Limited had to say.

FROM LIFE & ART

WHISKY: THE STORY BEHIND THE FESTIVE FAVOURITE

Jo Caruana – 23rd December 2016

In the midst of the festive season, talk often turns to food and drink. As whisky has become one of the most popular spirits to enjoy at this time of year, we ask experts how best to enjoy a dram or two.

FROM BUSINESS NEWS

CHRISTMAS AT THE CHAMBER

22nd December 2016

The Malta Chamber held its annual Christmas reception at its iconic premises, the Exchange Buildings in Republic Street, on Monday 19th December 2016.

FROM INTERNATIONAL FINANCIAL NEWS

ITALY APPROVES €20BN BANK BAILOUT PLAN

21st December 2016

Italy has approved a government plan for a possible €20bn bailout of the country's banks, as it becomes increasingly likely that the Italian Treasury will have to rescue Italy's third largest lender, Monte dei Paschi, by the end of next week.

FROM

BDA VISIT CHAMBER

22nd December 2016

The President of the Malta Chamber met a high level delegation representing Bundesvereinigung der Deutschen Arbeitgeberverbände (BDA), the German Employer’s Association, during their two day familiarisation visit to Malta as final preparations for the Presidency of the Council of the European Union are underway.

FROM INTERNATIONAL FINANCIAL NEWS

OBAMA BANS OIL DRILLING 'PERMANENTLY' IN MAJORITY OF US NORTHERN WATERS

21st December 2016

Outgoing US President Barack Obama has permanently banned offshore oil and gas drilling in the ‘vast majority’ of US-owned northern waters, designating large swathes in the Arctic and Atlantic oceans as ‘indefinitely off limits’ to future leasing.

FROM INTERNATIONAL FINANCIAL NEWS

STURGEON PLANS TO KEEP SCOTLAND IN SINGLE MARKET EVEN IF UK LEAVES

20th December 2016

Scotland’s First Minister Nicola Sturgeon revealed details of her proposal to keep Scotland in the European single market, even after Brexit.

FROM BUSINESS NEWS

IMF REPORTS MALTA’S 'EXCEPTIONALLY STRONG' ECONOMIC GROWTH

19th December 2016

The International Monetary Fund (IMF) has reported Malta’s ‘exceptionally strong’ economic growth, commenting that its “sound policies and favourable external and domestic conditions have led to robust employment growth and an improvement in public finances.”

FROM INTERNATIONAL FINANCIAL NEWS

BRITISH CHAMBERS OF COMMERCE AND TRADE UNION CONGRESS CALL FOR EU CITIZENS TO STAY IN UK

19th December 2016

British businesses and trade unions have called on the UK’s Prime Minister Theresa May to immediately guarantee the right of EU citizens to stay in the UK after Brexit.

FROM INTERVIEWS

THE CONSUMMATE DIPLOMAT

18th December 2016 – Marie-Claire Grima

In more than 50 years of service, former ambassador and career diplomat Salv Stellini has seen Malta go from a British colony to a thriving, independent member state of the European Union from the very frontlines. He speaks about Malta’s difficult wilderness years, rehabilitating its image in the eyes of the West, and ushering in a new era of peace and prosperity.

FROM PROPERTY & DESIGN

ACHIEVING THE PERFECT BALANCE BETWEEN CORPORATE AND PLAYFUL

17th December 2016 – Sarah Micallef

The recently completed offices of Content House Group serve as a reflection of the dynamic team that spend their days there – a team which has gone from a three-man show to one of Malta’s largest publishers in print and digital media in just over a decade.

FROM BUSINESS NEWS

MALTESE MOST OPTIMISTIC ABOUT INCOME RISE IN 2017

16th December 2016

The Maltese are the most optimistic members of the eurozone with regard to the prospect of an increase in their income next year, with 42 per cent expecting a raise in 2017.

FROM INTERNATIONAL FINANCIAL NEWS

FACEBOOK LAUNCHES NEW TOOLS TO FIGHT FAKE NEWS STORIES

16th December 2016

Facebook has announced new features to help combat fake news stories on the social media website.

FROM COMMERCIAL NEWS

BANK OF VALLETTA SHAREHOLDERS APPROVE DIVIDEND AND BONUS ISSUE DURING 43RD AGM

16th December 2016

Bank of Valletta held its 43rd Annual General Meeting, where the Bank’s shareholders approved the proposed final gross dividend of €0.0852 per share.

FROM COMMERCIAL NEWS

HSBC BECOMES FIRST TO SIGN UP TO THE NEW WOMEN DIRECTORS MALTA (WDM) CHARTER

16th December 2016

HSBC Bank Malta has become the first signatory in Malta to sign up to the new Women Directors Malta (WDM) charter, which seeks to drive a step change in diversity within the board and executive levels of Malta's private sector.

FROM BUSINESS NEWS

MIA HEADING FOR FIVE MILLION PASSENGERS IN 2016 AS RYANAIR OVERTAKES AIR MALTA

15th December 2016

The Malta International Airport (MIA) will handle just over five million passengers by the end of the year, representing growth of 70 per cent compared with 2009, according to airline news website anna.aero.

FROM INTERNATIONAL FINANCIAL NEWS

BREXIT TRADE DEAL COULD TAKE 10 YEARS AND STILL FAIL, BRITISH AMBASSADOR SAYS

15th December 2016

Sir Ivan Rogers, Britain’s ambassador to the EU, has told the UK government privately that a post-Brexit trade deal might take 10 years to finalise.

FROM BUSINESS NEWS

FUTURE BUSINESS OPPORTUNITIES IN LIBYA

15th December 2016

The Libyan Maltese Chamber of Commerce in co-operation with the Libya-Africa Investment Portfolio (LAIP/LAP) organised the first edition of The Mediterranean Business Network Forum 2016 on 5th December.

FROM BUSINESS NEWS

MALTA STILL HAS RESERVATIONS ON AMENDMENTS TO ANTI-TAX AVOIDANCE DIRECTIVE - SCICLUNA

15th December 2016

Malta still has some reservations on the proposed amendments to the Anti-Tax Avoidance Draft Directive, and the government requires more time to fully analyse and assess its implications, Finance Minister Edward Scicluna said during the ECOFIN meeting held yesterday in Brussels.

FROM INTERNATIONAL FINANCIAL NEWS

YAHOO HACK AFFECTS MORE THAN A BILLION USERS

15th December 2016

More than one billion Yahoo user accounts may have been affected in a hacking attack dating back to 2013.

FROM BUSINESS NEWS

CHAMBER SIGNS AGREEMENT WITH CHINA FOREIGN TRADE CENTRE

14th December 2016

An agreement between the Malta Chamber and the China Foreign Trade Centre was signed today during a promotional event for the 121st edition of the China Canton Fair. The agreement is expected to provide a wider scope for collaboration between the two entities within a context of mutual benefit.

FROM BUSINESS NEWS

MALTA’S GAP BETWEEN TOP AND BOTTOM EARNERS AMONG SMALLEST IN EU - EUROSTAT

14th December 2016

A recent Eurostat survey showed that Malta had the sixth smallest difference in gross hourly wage between the top and bottom 10 per cent of earners.

FROM INTERVIEWS

"WE ANTICIPATE THAT OUR ECONOMY WILL CONTINUE TO REGISTER AN OUTPUT SURPLUS AT LEAST TILL 2018"

Sarah Micallef – 13th December 2016

Recently appointed Central Bank of Malta Governor Dr Mario Vella speaks out about the state of affairs of the banking sector and local economy.

FROM BUSINESS NEWS

CENTRAL BANK EXPECTS GDP GROWTH TO SHRINK, ECONOMIC ACTIVITY TO REMAIN ROBUST OVER NEXT THREE YEARS

12th December 2016

The Central Bank’s macroeconomic forecasts predict that while economic activity is likely to remain robust, real GDP growth is expected to decline over the next three years.

FROM BUSINESS NEWS

MBA DISCUSSES MALTA’S PRESIDENCY OF EU COUNCIL WITH UK COUNTERPARTS

12th December 2016

The Malta Bankers’ Association recently hosted a meeting in Malta with a visiting delegation from the British Bankers’ Association, led by its chief executive, Anthony Browne. The delegation also included representatives of HSBC Holdings plc, Citibank, Bank of America Merrill Lynch and J.P. Morgan.

FROM BUSINESS NEWS

TAKING THE TORCH IN 2017

Martina Said – 11th December 2016

With less than a month to go until Malta assumes the Presidency of the EU Council for six months, MBB President Dr John Vassallo, Head of the EP Information Office in Malta Dr Peter Agius and Vice President of the EESC Stefano Mallia discuss what lies ahead for the country at the start of 2017.

FROM COMMERCIAL NEWS

WONDERFUL WORLD OF TECH: THE LATEST MUST-HAVE GADGETS

Martina Said – 10th December 2016

Whether underwater, airborne or wearable, these are some of the sleekest and most innovative gadgets on the market that are pushing the envelope.

FROM BUSINESS NEWS

SILICON VALLETTA – BUILDING STRONGER RELATIONSHIPS AMONG MALTESE START-UPS

9th December 2016

Silicon Valletta has officially been launched, with the aim of bringing together the CEOs and founders of digital businesses based in Malta.