19 October, 2022

We Need To Start Investing In Sectors Which Render Real Substance To Our Economy – Dr Marthese Portelli


Dr Portelli also spoke about skills, labour market, economies of scale and the importance of having a unique selling proposition

During this year’s Malta Future Realised Conference, organised by EY Malta, Dr Marthese Portelli, The Malta Chamber CEO, participated in a panel discussion and highlighted 5 key national priorities:

– Malta’s Attractiveness
– USP Differentiation
– Labour Market
– Skills
– Economies of Scale

MALTA’S ATTRACTIVENESS

EY’s Attractiveness Survey stated that 71% find Malta attractive based on our corporate taxation regime. Although we do not have a precise timeline when and if it will be introduced, we should assume it will happen and we need to start investing in sectors which render real substance to our economy.

USP DIFFERENTIATION

We need to differentiate ourselves by having a Unique Selling Proposition. We can remain attractive for FDIs, not just in terms of tax, but in order to do this we must ensure that important factors such as the availability of talent, transport, connectivity and our urban and natural environment are given the attention needed.

TIGHT LABOUR MARKET

We must address the issue of our tight labour market to attract the right foreign talent and retain them. This can be achieved by improving our the Key Employment Initiative and improving the process of family relocation to render Malta attractive for work.

SKILLS

Skills remain a key enabler for growth. We should be looking beyond academic qualifications and formal education. We need to invest in soft skills – aptitude and attitude.

ECONOMIES OF SCALE

Malta remains a micro island state and this puts us at a disadvantage with other countries that have large economies of scale. Because of our size, it is difficult to attain critical mass needed in most sectors in order to be able to be competitive. This needs to be taken in consideration whatever the future outcome on harmonised corporate tax will be.

The panel, which was moderated by Rachel Attard, Head of Media and Communication Strategy at The Malta Chamber, discussed how Malta’s can maintain its FDI Attractiveness in a Changing World (Taxation, Value-Chain Disruption).

All News

View All

29 March, 2023

The Malta Chamber holds its 2023 Annual General Meeting...

...

Learn More
22 March, 2023

Vladimír Dlouhý is the new President of Eurochambres...

...

Learn More
20 March, 2023

The Malta Chamber celebrates its 175th Anniversary...

...

Learn More
20 March, 2023

The Single Market at 30 – Tackling the EU’s Long-Term Comp...

...

Learn More

All News

View All

Chamber News

29 March, 2023

The Malta Chamber holds its 2023 Annual General Meeting...

...

Learn More

Chamber News

27 March, 2023

Step Up and Clean Up For Real...

...

Learn More

Chamber News

22 March, 2023

Vladimír Dlouhý is the new President of Eurochambres...

...

Learn More

Chamber News

20 March, 2023

The Malta Chamber celebrates its 175th Anniversary...

...

Learn More

upcoming events

View All

Upcoming Events

21 April, 2023

More Effective Governance Practices

...

Learn More

Upcoming Events

27 April, 2023

The Global Economy in 2023 & Beyond

...

Learn More

upcoming events

View All

21 Apr
upcoming event 21 April, 2023, 08:30 AM

More Effective Governance Practices

Learn More
27 Apr
upcoming event 27 April, 2023, 03:30 PM

The Global Economy in 2023 & Beyond

Learn More