A Pragmatic Perspective towards a post-covid world

During a webinar held between EY Malta and the Institute of Financial Services, The Malta Chamber President, Perit David Xuereb, weighed in on the main areas of focus to effectively plan for a post-pandemic world, with a specific focus on the Financial Services, Retail and Tourism industries.

“As Malta and most of the world have started the Covid-19 vaccination process, businesses need to continue focusing on the way forward. Focus should remain on elements that were given priority due to the pandemic. Upskilling, reskilling and good governance practices, especially within SMEs should all take centre-stage in a post-Covid scenario,” said The Chamber President.

The ‘Continuity Post-Pandemic: A Pragmatic Perspective’ webinar highlighted specific and concrete actions should be taken to manage and mitigate risks expected from the COVID-19 aftermath.

“As a Chamber of Commerce, we have always been forward-thinking, and proposed recommendations that were well received by both the Government and the Opposition. However, we still lack immediate action in terms of smart investment and a covid recovery fund,” noted Perit Xuereb.

The Chamber President also noted that an effective way-forward will be greatly influenced by the way resources are utilised. “As Malta’s foremost business representative body, The Malta Chamber has always been an advocate for an economy which is sensitive to climate change, with the aim of achieving a zero-carbon economy. This can only be achieved if we think outside the box in implementing ESG (Environmental, Social and Governance) criteria to develop a competitive economy while offering an enhanced quality of life,” noted Xuereb.