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WOMEN IN BUSINESS
As a Chief Operating Officer for corporate clients, I oversee new business, renewals and claims. Whilst closing off a new client or renewing a major project is satisfactory, the claims negotiation is ONLINE PORTAL FOR SECURE USE OF DRONES LAUNCHED Online portal for secure use of drones launched. This system will be facilitating processes executed by operators, such as quicker and easier flight plan submissions and better access to weather forecasts on the day of their intended flight. Minister for Transport, Infrastructure and Capital Projects Ian Borg along with TransportMalta launched
COMMERCIAL COURIER APRIL/MAY IS NOW LIVE The latest issue of the Commercial Courier is now available on the Malta Chamber portal. The April/May edition includes interviews with British High Commissioner Rob Luke; Facebook’s Politics and Government Specialist for Europe, North Africa and the Middle East Elizabeth Linder; outgoing Malta Business Bureau President, Mario Spiteri, and the Head of the European Commission’s JOSEPH R. DARMANIN, CHAMBER PAST PRESIDENT, PASSES AWAY Mr Darmanin was a great promoter of EU membership and had founded the EU Steering Committee. On Sunday, 23rd May, Mr Joseph R. Darmanin passed away. Mr Darmanin was President of the Malta Chamber in 1996 and 1997 having distinguished himself in several different posts over the years. Mr Darmanin was a steadfast Chamber person whose father FIVE OF THE MOST EXPENSIVE PROPERTIES YOU CAN BUY IN MALTA Palazzo in Qormi – €10.6 million. The second Qormi Palazzo on this list is a large, imposing building which has been fully upgraded for luxurious living. The property’s airy rooms surround a huge internal courtyard, with terraces overlooking an orchard and thick walls to THE IMPORTANCE OF SUPPORTING FRONTLINE STAFF For this reason, it is important that frontliners, are empowered and supported to be able to provide feedback on a regular or ad hoc basis. Frontline employees also need to be empowered to take ad hoc decisions to solve simple customer queries, therefore reducing complaints and escalations, and ultimately enhancing the overall customer experience. THE MALTA CHAMBER: THE VOICE OF BUSINESSHOMEMALTA CHAMBERNEWSLIFESTYLEINTERVIEWSCOVID-19 The Malta Chamber Employment Agencies Committee stresses the importance of enforcement of unlicensed operators. 12th May 2021. he Malta Chamber’s objective is to ensure a level playing field in the market and an upgrade in the quality of service delivered IDENTITY MALTA SINGLE PERMIT PLATFORM Identity Malta Single Permit Platform IELTS - MALTA CHAMBER IELTS is the International English Language Testing System. It is for people who intend to study or work where English is the language of communication. IELTS measures test takers' ability to communicate in English across all four language skills - listening, reading, writing and speaking. Since 1989, IELTS has been proven and trusted worldwide EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GO Extra day of leave announced in 2021 Budget does not go into effect until 2022. The amount of leave entitlement is being calculated based on the number of public holidays falling at the weekend, with a maximum of four extra vacation days which have been added by Government in four consecutive budgets. In the 2021 Budget, it wasannounced, for
WOMEN IN BUSINESS
As a Chief Operating Officer for corporate clients, I oversee new business, renewals and claims. Whilst closing off a new client or renewing a major project is satisfactory, the claims negotiation is ONLINE PORTAL FOR SECURE USE OF DRONES LAUNCHED Online portal for secure use of drones launched. This system will be facilitating processes executed by operators, such as quicker and easier flight plan submissions and better access to weather forecasts on the day of their intended flight. Minister for Transport, Infrastructure and Capital Projects Ian Borg along with TransportMalta launched
COMMERCIAL COURIER APRIL/MAY IS NOW LIVE The latest issue of the Commercial Courier is now available on the Malta Chamber portal. The April/May edition includes interviews with British High Commissioner Rob Luke; Facebook’s Politics and Government Specialist for Europe, North Africa and the Middle East Elizabeth Linder; outgoing Malta Business Bureau President, Mario Spiteri, and the Head of the European Commission’s JOSEPH R. DARMANIN, CHAMBER PAST PRESIDENT, PASSES AWAY Mr Darmanin was a great promoter of EU membership and had founded the EU Steering Committee. On Sunday, 23rd May, Mr Joseph R. Darmanin passed away. Mr Darmanin was President of the Malta Chamber in 1996 and 1997 having distinguished himself in several different posts over the years. Mr Darmanin was a steadfast Chamber person whose father FIVE OF THE MOST EXPENSIVE PROPERTIES YOU CAN BUY IN MALTA Palazzo in Qormi – €10.6 million. The second Qormi Palazzo on this list is a large, imposing building which has been fully upgraded for luxurious living. The property’s airy rooms surround a huge internal courtyard, with terraces overlooking an orchard and thick walls to THE IMPORTANCE OF SUPPORTING FRONTLINE STAFF For this reason, it is important that frontliners, are empowered and supported to be able to provide feedback on a regular or ad hoc basis. Frontline employees also need to be empowered to take ad hoc decisions to solve simple customer queries, therefore reducing complaints and escalations, and ultimately enhancing the overall customer experience. IELTS - MALTA CHAMBER IELTS is the International English Language Testing System. It is for people who intend to study or work where English is the language of communication. IELTS measures test takers' ability to communicate in English across all four language skills - listening, reading, writing and speaking. Since 1989, IELTS has been proven and trusted worldwide THE MALTA CHAMBER AND PT MATIC STRENGTHEN TIES The Malta Chamber of Commerce, Enterprise and Industry has renewed its Bronze Collaboration Agreement with PT Matic Environmental ServicesLtd.
NIUM SIGNS DEFINITIVE AGREEMENT TO ACQUIRE B2B TRAVEL SINGAPORE AND LONDON, 7 June 2021 – Nium, a leading global B2B payments platform, today announced that it has signed a definitive agreement to acquire Ixaris, a DISCRETIONARY PORTFOLIO MANAGEMENT IN THESE UNPRECEDENTED Discretionary portfolio management in these unprecedented times. Sunday 28 th June 2020. Following the COVID-19 outbreak and the measures taken by authorities and governments all over the world, there has been a significant change in how people and organisations interact with each other and function. This change, coupled with thesheer amount
CHANGES BROUGHT ABOUT BY THE 5TH AML DIRECTIVE The 5th AML Directive (5th AMLD) which came into force on the 10th of January 2020 partly amends EU Directive 2015/849 of the European Parliament and of the Council of 2015 (4th AMLD). The reason behind the new legislation was the ever-increasing fight against terrorist financing and increased transparency to avoid scandals of leaks brought about with the Swiss leaks and Panama Papers. FIVE OF THE MOST EXPENSIVE PROPERTIES YOU CAN BUY IN MALTA Palazzo in Qormi – €10.6 million. The second Qormi Palazzo on this list is a large, imposing building which has been fully upgraded for luxurious living. The property’s airy rooms surround a huge internal courtyard, with terraces overlooking an orchard and thick walls to MARISA XUEREB ELECTED PRESIDENT OF THE MALTA CHAMBER Marisa Xuereb has sat on Council for the last six years and served as Deputy President for the last two years. Following the Annual General Meeting of the Malta Chamber of Commerce, Enterprise and Industry held on the 24th March, the newly elected Council met today, and elected Ms Marisa Xuereb as President of The Malta Chamber 2021-2023 A NEW INDUSTRIAL STRATEGY FOR EUROPE The European Commission has adopted a communication outlining its ambitions for Industry. The Commission points out the importance to safeguard and boost the EU’s industrial sector as key to maintaining Europe’s sovereignty and ensuring a level playing field with global competitors (such as the US and China), however that it also must reflect Europe’s social and market values, as well as MTA CLARIFIES GUIDING PRINCIPLE BEHIND NEW RULES IS FOR The Malta Tourism Authority (MTA) has issued a statement following public backlash over the authority’s apparent U-turn in policy regarding whether bars can remain open or not. THIRD EDITION OF 'IRRESTAWRA DAREK' LAUNCHED The third edition of the ‘Irrestawra Darek’ (Restore Your Home) scheme which is managed by the Planning Authority has been launched. This year, the scheme will officially open on 10th June 2019 and close on 30th August 2019. THE MALTA CHAMBER: THE VOICE OF BUSINESSHOMEMALTA CHAMBERNEWSLIFESTYLEINTERVIEWSCOVID-19 The Malta Chamber Employment Agencies Committee stresses the importance of enforcement of unlicensed operators. 12th May 2021. he Malta Chamber’s objective is to ensure a level playing field in the market and an upgrade in the quality of service delivered IDENTITY MALTA SINGLE PERMIT PLATFORM Identity Malta Single Permit Platform IELTS - MALTA CHAMBER IELTS is the International English Language Testing System. It is for people who intend to study or work where English is the language of communication. IELTS measures test takers' ability to communicate in English across all four language skills - listening, reading, writing and speaking. Since 1989, IELTS has been proven and trusted worldwide EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GODAY OF YEAR CALENDAR 2021DAYS IN EACH MONTH 2021DAYS OF THE YEAR 2021SPECIAL DAYSIN 2021
Extra day of leave announced in 2021 Budget does not go into effect until 2022. The amount of leave entitlement is being calculated based on the number of public holidays falling at the weekend, with a maximum of four extra vacation days which have been added by Government in four consecutive budgets. In the 2021 Budget, it wasannounced, for
PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS The Malta Competition and Consumer Affairs Authority (MCCAA) draws attention to the draft version of the new Personal Protective Equipment (PPE) Regulations, and its corresponding Explanatory Notes. These regulations transpose Regulation (EU) 2016/425 and shall apply as from 21st April 2018. The new PPE Regulation (EU) 2016/425 is theresult of
WOMEN IN BUSINESS
As a Chief Operating Officer for corporate clients, I oversee new business, renewals and claims. Whilst closing off a new client or renewing a major project is satisfactory, the claims negotiation is A NEW INDUSTRIAL STRATEGY FOR EUROPE ONLINE PORTAL FOR SECURE USE OF DRONES LAUNCHED Online portal for secure use of drones launched. This system will be facilitating processes executed by operators, such as quicker and easier flight plan submissions and better access to weather forecasts on the day of their intended flight. Minister for Transport, Infrastructure and Capital Projects Ian Borg along with TransportMalta launched
JOSEPH R. DARMANIN, CHAMBER PAST PRESIDENT, PASSES AWAY Mr Darmanin was a great promoter of EU membership and had founded the EU Steering Committee. On Sunday, 23rd May, Mr Joseph R. Darmanin passed away. Mr Darmanin was President of the Malta Chamber in 1996 and 1997 having distinguished himself in several different posts over the years. Mr Darmanin was a steadfast Chamber person whose father THE IMPORTANCE OF SUPPORTING FRONTLINE STAFF For this reason, it is important that frontliners, are empowered and supported to be able to provide feedback on a regular or ad hoc basis. Frontline employees also need to be empowered to take ad hoc decisions to solve simple customer queries, therefore reducing complaints and escalations, and ultimately enhancing the overall customer experience. THE MALTA CHAMBER: THE VOICE OF BUSINESSHOMEMALTA CHAMBERNEWSLIFESTYLEINTERVIEWSCOVID-19 The Malta Chamber Employment Agencies Committee stresses the importance of enforcement of unlicensed operators. 12th May 2021. he Malta Chamber’s objective is to ensure a level playing field in the market and an upgrade in the quality of service delivered IDENTITY MALTA SINGLE PERMIT PLATFORM Identity Malta Single Permit Platform IELTS - MALTA CHAMBER IELTS is the International English Language Testing System. It is for people who intend to study or work where English is the language of communication. IELTS measures test takers' ability to communicate in English across all four language skills - listening, reading, writing and speaking. Since 1989, IELTS has been proven and trusted worldwide EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GODAY OF YEAR CALENDAR 2021DAYS IN EACH MONTH 2021DAYS OF THE YEAR 2021SPECIAL DAYSIN 2021
Extra day of leave announced in 2021 Budget does not go into effect until 2022. The amount of leave entitlement is being calculated based on the number of public holidays falling at the weekend, with a maximum of four extra vacation days which have been added by Government in four consecutive budgets. In the 2021 Budget, it wasannounced, for
PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS The Malta Competition and Consumer Affairs Authority (MCCAA) draws attention to the draft version of the new Personal Protective Equipment (PPE) Regulations, and its corresponding Explanatory Notes. These regulations transpose Regulation (EU) 2016/425 and shall apply as from 21st April 2018. The new PPE Regulation (EU) 2016/425 is theresult of
WOMEN IN BUSINESS
As a Chief Operating Officer for corporate clients, I oversee new business, renewals and claims. Whilst closing off a new client or renewing a major project is satisfactory, the claims negotiation is A NEW INDUSTRIAL STRATEGY FOR EUROPE ONLINE PORTAL FOR SECURE USE OF DRONES LAUNCHED Online portal for secure use of drones launched. This system will be facilitating processes executed by operators, such as quicker and easier flight plan submissions and better access to weather forecasts on the day of their intended flight. Minister for Transport, Infrastructure and Capital Projects Ian Borg along with TransportMalta launched
JOSEPH R. DARMANIN, CHAMBER PAST PRESIDENT, PASSES AWAY Mr Darmanin was a great promoter of EU membership and had founded the EU Steering Committee. On Sunday, 23rd May, Mr Joseph R. Darmanin passed away. Mr Darmanin was President of the Malta Chamber in 1996 and 1997 having distinguished himself in several different posts over the years. Mr Darmanin was a steadfast Chamber person whose father THE IMPORTANCE OF SUPPORTING FRONTLINE STAFF For this reason, it is important that frontliners, are empowered and supported to be able to provide feedback on a regular or ad hoc basis. Frontline employees also need to be empowered to take ad hoc decisions to solve simple customer queries, therefore reducing complaints and escalations, and ultimately enhancing the overall customer experience.CHAMBER NEWS
25th May 2021. Chamber news. The Malta Chamber welcomes herd immunity but the real test is yet to come. 24th May 2021. Many businesses, which played a pivotal role in achieving herd immunity, are still on survival mode. Chamber news. Joseph R. Darmanin, Chamber Past President, passes away. 24th May 2021. WHO WE ARE - MALTA CHAMBER The Chamber is the longest established Social Partner in Malta – having been established in 1848. It is the only Employer organisation that is recognised by the Laws of Malta (Commercial Code Cap 13). As a result of its merger with the FOI in 2009, it is also the strongest represented Employer body on such national boards as the MCESD, ERB EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GO Extra day of leave announced in 2021 Budget does not go into effect until 2022. The amount of leave entitlement is being calculated based on the number of public holidays falling at the weekend, with a maximum of four extra vacation days which have been added by Government in four consecutive budgets. In the 2021 Budget, it wasannounced, for
MALTA CEOS
Joseph F.X. Zahra, a renowned economist with over 35 years of experience and now CEO of Surge Adviso Malta ceos. John Charles Ellul - The CEO Has To Carry A Dream, And Be A Driver For Change. Jo Caruana - 27th February 2019. Renowned for his decades of experience and unique expertise in the field, John Charles Ellul was the PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS The Malta Competition and Consumer Affairs Authority (MCCAA) draws attention to the draft version of the new Personal Protective Equipment (PPE) Regulations, and its corresponding Explanatory Notes. These regulations transpose Regulation (EU) 2016/425 and shall apply as from 21st April 2018. The new PPE Regulation (EU) 2016/425 is theresult of
DISCRETIONARY PORTFOLIO MANAGEMENT IN THESE UNPRECEDENTED Discretionary portfolio management in these unprecedented times. Sunday 28 th June 2020. Following the COVID-19 outbreak and the measures taken by authorities and governments all over the world, there has been a significant change in how people and organisations interact with each other and function. This change, coupled with thesheer amount
APPLICATIONS FOR RENEWAL OF WORK PERMITS FOR THIRD COUNTRY APPLICATIONS FOR RENEWAL OF WORK PERMITS FOR THIRD COUNTRY NATIONALS. The Office of the Parliamentary Secretary for Reforms, Citizenship and Simplification of Administrative Procedures has informed the Malta Chamber that due to the backlog at the Health Unit special arrangements have been made in respect of third country nationals applying for the renewal of work permits. THE PROTECTION OF LAW The Protection of Law. Jo Caruana - 14th October 2017. From running her own consultancy firm to leading Victim Support Malta, lawyer Roberta Lepre is a force who sees value in the ways our laws can protect us. Dr Roberta Lepre - Photos by Jan Zammit. Roberta Lepre is well-known in Maltese law circles, and beyond. FIVE OF THE MOST EXPENSIVE PROPERTIES YOU CAN BUY IN MALTA Palazzo in Qormi – €10.6 million. The second Qormi Palazzo on this list is a large, imposing building which has been fully upgraded for luxurious living. The property’s airy rooms surround a huge internal courtyard, with terraces overlooking an orchard and thick walls to STRENGTHENING INSTITUTIONAL LINKS LEADING TO TRADE GROWTH Welcoming guests to the Malta-India Business Forum, the President of the Malta Chamber of Commerce, Enterprise and Industry Mr Frank V. Farrugia said that cooperation between Malta and India was translating into a better exploitation of Malta's geographical position, facilitating the trans-shipment of goods from India to Southern Europeand North Africa.
THE MALTA CHAMBER: THE VOICE OF BUSINESSHOMEMALTA CHAMBERNEWSLIFESTYLEINTERVIEWSCOVID-19 The Malta Chamber Employment Agencies Committee stresses the importance of enforcement of unlicensed operators. 12th May 2021. he Malta Chamber’s objective is to ensure a level playing field in the market and an upgrade in the quality of service delivered IDENTITY MALTA SINGLE PERMIT PLATFORM Identity Malta Single Permit Platform IELTS - MALTA CHAMBER IELTS is the International English Language Testing System. It is for people who intend to study or work where English is the language of communication. IELTS measures test takers' ability to communicate in English across all four language skills - listening, reading, writing and speaking. Since 1989, IELTS has been proven and trusted worldwide EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GODAY OF YEAR CALENDAR 2021DAYS IN EACH MONTH 2021DAYS OF THE YEAR 2021SPECIAL DAYSIN 2021
Extra day of leave announced in 2021 Budget does not go into effect until 2022. The amount of leave entitlement is being calculated based on the number of public holidays falling at the weekend, with a maximum of four extra vacation days which have been added by Government in four consecutive budgets. In the 2021 Budget, it wasannounced, for
PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS The Malta Competition and Consumer Affairs Authority (MCCAA) draws attention to the draft version of the new Personal Protective Equipment (PPE) Regulations, and its corresponding Explanatory Notes. These regulations transpose Regulation (EU) 2016/425 and shall apply as from 21st April 2018. The new PPE Regulation (EU) 2016/425 is theresult of
WOMEN IN BUSINESS
As a Chief Operating Officer for corporate clients, I oversee new business, renewals and claims. Whilst closing off a new client or renewing a major project is satisfactory, the claims negotiation is A NEW INDUSTRIAL STRATEGY FOR EUROPE ONLINE PORTAL FOR SECURE USE OF DRONES LAUNCHED Online portal for secure use of drones launched. This system will be facilitating processes executed by operators, such as quicker and easier flight plan submissions and better access to weather forecasts on the day of their intended flight. Minister for Transport, Infrastructure and Capital Projects Ian Borg along with TransportMalta launched
JOSEPH R. DARMANIN, CHAMBER PAST PRESIDENT, PASSES AWAY Mr Darmanin was a great promoter of EU membership and had founded the EU Steering Committee. On Sunday, 23rd May, Mr Joseph R. Darmanin passed away. Mr Darmanin was President of the Malta Chamber in 1996 and 1997 having distinguished himself in several different posts over the years. Mr Darmanin was a steadfast Chamber person whose father THE IMPORTANCE OF SUPPORTING FRONTLINE STAFF For this reason, it is important that frontliners, are empowered and supported to be able to provide feedback on a regular or ad hoc basis. Frontline employees also need to be empowered to take ad hoc decisions to solve simple customer queries, therefore reducing complaints and escalations, and ultimately enhancing the overall customer experience. THE MALTA CHAMBER: THE VOICE OF BUSINESSHOMEMALTA CHAMBERNEWSLIFESTYLEINTERVIEWSCOVID-19 The Malta Chamber Employment Agencies Committee stresses the importance of enforcement of unlicensed operators. 12th May 2021. he Malta Chamber’s objective is to ensure a level playing field in the market and an upgrade in the quality of service delivered IDENTITY MALTA SINGLE PERMIT PLATFORM Identity Malta Single Permit Platform IELTS - MALTA CHAMBER IELTS is the International English Language Testing System. It is for people who intend to study or work where English is the language of communication. IELTS measures test takers' ability to communicate in English across all four language skills - listening, reading, writing and speaking. Since 1989, IELTS has been proven and trusted worldwide EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GODAY OF YEAR CALENDAR 2021DAYS IN EACH MONTH 2021DAYS OF THE YEAR 2021SPECIAL DAYSIN 2021
Extra day of leave announced in 2021 Budget does not go into effect until 2022. The amount of leave entitlement is being calculated based on the number of public holidays falling at the weekend, with a maximum of four extra vacation days which have been added by Government in four consecutive budgets. In the 2021 Budget, it wasannounced, for
PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS The Malta Competition and Consumer Affairs Authority (MCCAA) draws attention to the draft version of the new Personal Protective Equipment (PPE) Regulations, and its corresponding Explanatory Notes. These regulations transpose Regulation (EU) 2016/425 and shall apply as from 21st April 2018. The new PPE Regulation (EU) 2016/425 is theresult of
WOMEN IN BUSINESS
As a Chief Operating Officer for corporate clients, I oversee new business, renewals and claims. Whilst closing off a new client or renewing a major project is satisfactory, the claims negotiation is A NEW INDUSTRIAL STRATEGY FOR EUROPE ONLINE PORTAL FOR SECURE USE OF DRONES LAUNCHED Online portal for secure use of drones launched. This system will be facilitating processes executed by operators, such as quicker and easier flight plan submissions and better access to weather forecasts on the day of their intended flight. Minister for Transport, Infrastructure and Capital Projects Ian Borg along with TransportMalta launched
JOSEPH R. DARMANIN, CHAMBER PAST PRESIDENT, PASSES AWAY Mr Darmanin was a great promoter of EU membership and had founded the EU Steering Committee. On Sunday, 23rd May, Mr Joseph R. Darmanin passed away. Mr Darmanin was President of the Malta Chamber in 1996 and 1997 having distinguished himself in several different posts over the years. Mr Darmanin was a steadfast Chamber person whose father THE IMPORTANCE OF SUPPORTING FRONTLINE STAFF For this reason, it is important that frontliners, are empowered and supported to be able to provide feedback on a regular or ad hoc basis. Frontline employees also need to be empowered to take ad hoc decisions to solve simple customer queries, therefore reducing complaints and escalations, and ultimately enhancing the overall customer experience.CHAMBER NEWS
25th May 2021. Chamber news. The Malta Chamber welcomes herd immunity but the real test is yet to come. 24th May 2021. Many businesses, which played a pivotal role in achieving herd immunity, are still on survival mode. Chamber news. Joseph R. Darmanin, Chamber Past President, passes away. 24th May 2021. WHO WE ARE - MALTA CHAMBER The Chamber is the longest established Social Partner in Malta – having been established in 1848. It is the only Employer organisation that is recognised by the Laws of Malta (Commercial Code Cap 13). As a result of its merger with the FOI in 2009, it is also the strongest represented Employer body on such national boards as the MCESD, ERB CONTACT US - MALTA CHAMBER Address. Malta Chamber of Commerce, Enterprise and Industry. 64, The Exchange Buildings, Republic Street, Valletta, Malta. Tel: +356 22032304. Email: info
MALTA CEOS
Joseph F.X. Zahra, a renowned economist with over 35 years of experience and now CEO of Surge Adviso Malta ceos. John Charles Ellul - The CEO Has To Carry A Dream, And Be A Driver For Change. Jo Caruana - 27th February 2019. Renowned for his decades of experience and unique expertise in the field, John Charles Ellul was the PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS The Malta Competition and Consumer Affairs Authority (MCCAA) draws attention to the draft version of the new Personal Protective Equipment (PPE) Regulations, and its corresponding Explanatory Notes. These regulations transpose Regulation (EU) 2016/425 and shall apply as from 21st April 2018. The new PPE Regulation (EU) 2016/425 is theresult of
EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GO Extra day of leave announced in 2021 Budget does not go into effect until 2022. The amount of leave entitlement is being calculated based on the number of public holidays falling at the weekend, with a maximum of four extra vacation days which have been added by Government in four consecutive budgets. In the 2021 Budget, it wasannounced, for
OPEN A TERM DEPOSIT WITH BNF BANK AND ENJOY HIGHER BNF Bank customers can watch their hard-earned savings grow without locking funds for years on end and benefit from advantageous interest rates when opening a BNF Term Deposits account. APPLICATIONS FOR RENEWAL OF WORK PERMITS FOR THIRD COUNTRY APPLICATIONS FOR RENEWAL OF WORK PERMITS FOR THIRD COUNTRY NATIONALS. The Office of the Parliamentary Secretary for Reforms, Citizenship and Simplification of Administrative Procedures has informed the Malta Chamber that due to the backlog at the Health Unit special arrangements have been made in respect of third country nationals applying for the renewal of work permits. THE PROTECTION OF LAW The Protection of Law. Jo Caruana - 14th October 2017. From running her own consultancy firm to leading Victim Support Malta, lawyer Roberta Lepre is a force who sees value in the ways our laws can protect us. Dr Roberta Lepre - Photos by Jan Zammit. Roberta Lepre is well-known in Maltese law circles, and beyond. FIVE OF THE MOST EXPENSIVE PROPERTIES YOU CAN BUY IN MALTA Palazzo in Qormi – €10.6 million. The second Qormi Palazzo on this list is a large, imposing building which has been fully upgraded for luxurious living. The property’s airy rooms surround a huge internal courtyard, with terraces overlooking an orchard and thick walls to THE MALTA CHAMBER: THE VOICE OF BUSINESSHOMEMALTA CHAMBERNEWSLIFESTYLEINTERVIEWSCOVID-19 The Malta Chamber Employment Agencies Committee stresses the importance of enforcement of unlicensed operators. 12th May 2021. he Malta Chamber’s objective is to ensure a level playing field in the market and an upgrade in the quality of service delivered IDENTITY MALTA SINGLE PERMIT PLATFORM Identity Malta Single Permit Platform IELTS - MALTA CHAMBER IELTS is the International English Language Testing System. It is for people who intend to study or work where English is the language of communication. IELTS measures test takers' ability to communicate in English across all four language skills - listening, reading, writing and speaking. Since 1989, IELTS has been proven and trusted worldwide EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GODAY OF YEAR CALENDAR 2021DAYS IN EACH MONTH 2021DAYS OF THE YEAR 2021SPECIAL DAYSIN 2021
Extra day of leave announced in 2021 Budget does not go into effect until 2022. The amount of leave entitlement is being calculated based on the number of public holidays falling at the weekend, with a maximum of four extra vacation days which have been added by Government in four consecutive budgets. In the 2021 Budget, it wasannounced, for
PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS The Malta Competition and Consumer Affairs Authority (MCCAA) draws attention to the draft version of the new Personal Protective Equipment (PPE) Regulations, and its corresponding Explanatory Notes. These regulations transpose Regulation (EU) 2016/425 and shall apply as from 21st April 2018. The new PPE Regulation (EU) 2016/425 is theresult of
WOMEN IN BUSINESS
As a Chief Operating Officer for corporate clients, I oversee new business, renewals and claims. Whilst closing off a new client or renewing a major project is satisfactory, the claims negotiation is A NEW INDUSTRIAL STRATEGY FOR EUROPE ONLINE PORTAL FOR SECURE USE OF DRONES LAUNCHED Online portal for secure use of drones launched. This system will be facilitating processes executed by operators, such as quicker and easier flight plan submissions and better access to weather forecasts on the day of their intended flight. Minister for Transport, Infrastructure and Capital Projects Ian Borg along with TransportMalta launched
JOSEPH R. DARMANIN, CHAMBER PAST PRESIDENT, PASSES AWAY Mr Darmanin was a great promoter of EU membership and had founded the EU Steering Committee. On Sunday, 23rd May, Mr Joseph R. Darmanin passed away. Mr Darmanin was President of the Malta Chamber in 1996 and 1997 having distinguished himself in several different posts over the years. Mr Darmanin was a steadfast Chamber person whose father THE IMPORTANCE OF SUPPORTING FRONTLINE STAFF For this reason, it is important that frontliners, are empowered and supported to be able to provide feedback on a regular or ad hoc basis. Frontline employees also need to be empowered to take ad hoc decisions to solve simple customer queries, therefore reducing complaints and escalations, and ultimately enhancing the overall customer experience. THE MALTA CHAMBER: THE VOICE OF BUSINESSHOMEMALTA CHAMBERNEWSLIFESTYLEINTERVIEWSCOVID-19 The Malta Chamber Employment Agencies Committee stresses the importance of enforcement of unlicensed operators. 12th May 2021. he Malta Chamber’s objective is to ensure a level playing field in the market and an upgrade in the quality of service delivered IDENTITY MALTA SINGLE PERMIT PLATFORM Identity Malta Single Permit Platform IELTS - MALTA CHAMBER IELTS is the International English Language Testing System. It is for people who intend to study or work where English is the language of communication. IELTS measures test takers' ability to communicate in English across all four language skills - listening, reading, writing and speaking. Since 1989, IELTS has been proven and trusted worldwide EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GODAY OF YEAR CALENDAR 2021DAYS IN EACH MONTH 2021DAYS OF THE YEAR 2021SPECIAL DAYSIN 2021
Extra day of leave announced in 2021 Budget does not go into effect until 2022. The amount of leave entitlement is being calculated based on the number of public holidays falling at the weekend, with a maximum of four extra vacation days which have been added by Government in four consecutive budgets. In the 2021 Budget, it wasannounced, for
PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS The Malta Competition and Consumer Affairs Authority (MCCAA) draws attention to the draft version of the new Personal Protective Equipment (PPE) Regulations, and its corresponding Explanatory Notes. These regulations transpose Regulation (EU) 2016/425 and shall apply as from 21st April 2018. The new PPE Regulation (EU) 2016/425 is theresult of
WOMEN IN BUSINESS
As a Chief Operating Officer for corporate clients, I oversee new business, renewals and claims. Whilst closing off a new client or renewing a major project is satisfactory, the claims negotiation is A NEW INDUSTRIAL STRATEGY FOR EUROPE ONLINE PORTAL FOR SECURE USE OF DRONES LAUNCHED Online portal for secure use of drones launched. This system will be facilitating processes executed by operators, such as quicker and easier flight plan submissions and better access to weather forecasts on the day of their intended flight. Minister for Transport, Infrastructure and Capital Projects Ian Borg along with TransportMalta launched
JOSEPH R. DARMANIN, CHAMBER PAST PRESIDENT, PASSES AWAY Mr Darmanin was a great promoter of EU membership and had founded the EU Steering Committee. On Sunday, 23rd May, Mr Joseph R. Darmanin passed away. Mr Darmanin was President of the Malta Chamber in 1996 and 1997 having distinguished himself in several different posts over the years. Mr Darmanin was a steadfast Chamber person whose father THE IMPORTANCE OF SUPPORTING FRONTLINE STAFF For this reason, it is important that frontliners, are empowered and supported to be able to provide feedback on a regular or ad hoc basis. Frontline employees also need to be empowered to take ad hoc decisions to solve simple customer queries, therefore reducing complaints and escalations, and ultimately enhancing the overall customer experience.CHAMBER NEWS
25th May 2021. Chamber news. The Malta Chamber welcomes herd immunity but the real test is yet to come. 24th May 2021. Many businesses, which played a pivotal role in achieving herd immunity, are still on survival mode. Chamber news. Joseph R. Darmanin, Chamber Past President, passes away. 24th May 2021. WHO WE ARE - MALTA CHAMBER The Chamber is the longest established Social Partner in Malta – having been established in 1848. It is the only Employer organisation that is recognised by the Laws of Malta (Commercial Code Cap 13). As a result of its merger with the FOI in 2009, it is also the strongest represented Employer body on such national boards as the MCESD, ERB CONTACT US - MALTA CHAMBER Address. Malta Chamber of Commerce, Enterprise and Industry. 64, The Exchange Buildings, Republic Street, Valletta, Malta. Tel: +356 22032304. Email: info
MALTA CEOS
Joseph F.X. Zahra, a renowned economist with over 35 years of experience and now CEO of Surge Adviso Malta ceos. John Charles Ellul - The CEO Has To Carry A Dream, And Be A Driver For Change. Jo Caruana - 27th February 2019. Renowned for his decades of experience and unique expertise in the field, John Charles Ellul was the PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS The Malta Competition and Consumer Affairs Authority (MCCAA) draws attention to the draft version of the new Personal Protective Equipment (PPE) Regulations, and its corresponding Explanatory Notes. These regulations transpose Regulation (EU) 2016/425 and shall apply as from 21st April 2018. The new PPE Regulation (EU) 2016/425 is theresult of
EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GO Extra day of leave announced in 2021 Budget does not go into effect until 2022. The amount of leave entitlement is being calculated based on the number of public holidays falling at the weekend, with a maximum of four extra vacation days which have been added by Government in four consecutive budgets. In the 2021 Budget, it wasannounced, for
OPEN A TERM DEPOSIT WITH BNF BANK AND ENJOY HIGHER BNF Bank customers can watch their hard-earned savings grow without locking funds for years on end and benefit from advantageous interest rates when opening a BNF Term Deposits account. APPLICATIONS FOR RENEWAL OF WORK PERMITS FOR THIRD COUNTRY APPLICATIONS FOR RENEWAL OF WORK PERMITS FOR THIRD COUNTRY NATIONALS. The Office of the Parliamentary Secretary for Reforms, Citizenship and Simplification of Administrative Procedures has informed the Malta Chamber that due to the backlog at the Health Unit special arrangements have been made in respect of third country nationals applying for the renewal of work permits. THE PROTECTION OF LAW The Protection of Law. Jo Caruana - 14th October 2017. From running her own consultancy firm to leading Victim Support Malta, lawyer Roberta Lepre is a force who sees value in the ways our laws can protect us. Dr Roberta Lepre - Photos by Jan Zammit. Roberta Lepre is well-known in Maltese law circles, and beyond. FIVE OF THE MOST EXPENSIVE PROPERTIES YOU CAN BUY IN MALTA Palazzo in Qormi – €10.6 million. The second Qormi Palazzo on this list is a large, imposing building which has been fully upgraded for luxurious living. The property’s airy rooms surround a huge internal courtyard, with terraces overlooking an orchard and thick walls to THE MALTA CHAMBER: THE VOICE OF BUSINESSHOMEMALTA CHAMBERNEWSLIFESTYLEINTERVIEWSCOVID-19 The official Business Portal of the Malta Chamber of Commerce, Enterprise and Industry. IDENTITY MALTA SINGLE PERMIT PLATFORM Identity Malta Single Permit Platform IELTS - MALTA CHAMBER IELTS. International English Language Testing System (IELTS) IELTS is the International English Language Testing System. It is for peoplewho intend to study
EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GODAY OF YEAR CALENDAR 2021DAYS IN EACH MONTH 2021DAYS OF THE YEAR 2021SPECIAL DAYSIN 2021
In the 2021 Budget, it was announced, for the fourth year in a row, that another day of leave would be granted to workers in lieu of public holidays falling on a weekend. PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS Personal Protective Equipment (PPE) Regulations. The following note is being published on behalf of the Malta Competition and Consumer Affairs Authority (MCCAA)WOMEN IN BUSINESS
As a Chief Operating Officer for corporate clients, I oversee new business, renewals and claims. Whilst closing off a new client or renewing a major project is satisfactory, the claims negotiation is A NEW INDUSTRIAL STRATEGY FOR EUROPE JOSEPH R. DARMANIN, CHAMBER PAST PRESIDENT, PASSES AWAY On Sunday, 23rd May, Mr Joseph R. Darmanin passed away. Mr Darmanin was President of the Malta Chamber in 1996 and 1997 having distinguished himself ONLINE PORTAL FOR SECURE USE OF DRONES LAUNCHED This system will be facilitating processes executed by operators, such as quicker and easier flight plan submissions and better access to weather forecasts on the day of their intended flight THE IMPORTANCE OF SUPPORTING FRONTLINE STAFF In the eyes of your customers, your frontline staff is the face of the company - this is where first impressions are formed, and firstimpressions matter.
THE MALTA CHAMBER: THE VOICE OF BUSINESSHOMEMALTA CHAMBERNEWSLIFESTYLEINTERVIEWSCOVID-19 The official Business Portal of the Malta Chamber of Commerce, Enterprise and Industry. IDENTITY MALTA SINGLE PERMIT PLATFORM Identity Malta Single Permit Platform IELTS - MALTA CHAMBER IELTS. International English Language Testing System (IELTS) IELTS is the International English Language Testing System. It is for peoplewho intend to study
EXTRA DAY OF LEAVE ANNOUNCED IN 2021 BUDGET DOES NOT GODAY OF YEAR CALENDAR 2021DAYS IN EACH MONTH 2021DAYS OF THE YEAR 2021SPECIAL DAYSIN 2021
In the 2021 Budget, it was announced, for the fourth year in a row, that another day of leave would be granted to workers in lieu of public holidays falling on a weekend. PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS Personal Protective Equipment (PPE) Regulations. The following note is being published on behalf of the Malta Competition and Consumer Affairs Authority (MCCAA)WOMEN IN BUSINESS
As a Chief Operating Officer for corporate clients, I oversee new business, renewals and claims. Whilst closing off a new client or renewing a major project is satisfactory, the claims negotiation is A NEW INDUSTRIAL STRATEGY FOR EUROPE JOSEPH R. DARMANIN, CHAMBER PAST PRESIDENT, PASSES AWAY On Sunday, 23rd May, Mr Joseph R. Darmanin passed away. Mr Darmanin was President of the Malta Chamber in 1996 and 1997 having distinguished himself ONLINE PORTAL FOR SECURE USE OF DRONES LAUNCHED This system will be facilitating processes executed by operators, such as quicker and easier flight plan submissions and better access to weather forecasts on the day of their intended flight THE IMPORTANCE OF SUPPORTING FRONTLINE STAFF In the eyes of your customers, your frontline staff is the face of the company - this is where first impressions are formed, and firstimpressions matter.
CHAMBER NEWS
Many businesses, which played a pivotal role in achieving herd immunity, are still on survival mode WHO WE ARE - MALTA CHAMBER About Us. The Malta Chamber of Commerce, Enterprise and Industry is the independent voice of the private sector in Malta. Its principal mission is to actively represent companies from all economic sectors and ensure that entrepreneurs enjoy the best competitive environment and regulatory conditions possible for the conduct of business. CONTACT US - MALTA CHAMBER Address. Malta Chamber of Commerce, Enterprise and Industry. 64, The Exchange Buildings, Republic Street, Valletta, Malta. Tel: +356 22032304. Email: info
MALTA CEOS
Senior Partner Tonio Zarb leads KPMG Malta with a strong understanding of the past, and a very firm PERSONAL PROTECTIVE EQUIPMENT (PPE) REGULATIONS Personal Protective Equipment (PPE) Regulations. The following note is being published on behalf of the Malta Competition and Consumer Affairs Authority (MCCAA) THE PROTECTION OF LAW Roberta’s years at Victim Support Malta were spent raising the profile of the organisation and developing its projects. One key milestone was the setting up of the Sexual Assault Response Team in 2013 in partnership with the Government.PROPERTY & DESIGN
The views can be enjoyed from anywhere within due to glass partitions, without, crucially, compromis OPEN A TERM DEPOSIT WITH BNF BANK AND ENJOY HIGHER BNF Bank customers can watch their hard-earned savings grow without locking funds for years on end and benefit from advantageous interest rates when opening a BNF Term Deposits account. APPLICATIONS FOR RENEWAL OF WORK PERMITS FOR THIRD COUNTRY APPLICATIONS FOR RENEWAL OF WORK PERMITS FOR THIRD COUNTRY NATIONALS. The Office of the Parliamentary Secretary for Reforms, Citizenship and Simplification of Administrative Procedures has informed the Malta Chamber that due to the backlog at the Health Unit special arrangements have been made in respect of third country nationals applying for the renewal of work permits. FIVE OF THE MOST EXPENSIVE PROPERTIES YOU CAN BUY IN MALTA Fully Detached Villa in Bahrija – €20 million. Leading the list is a beautiful fully detached villa with views of the northwest coast ofMalta and Gozo.
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FROM BUSINESS NEWS
MDB’S COVID-19 GUARANTEE SCHEME OffERS EASY AND AffORDABLE ACCESS TO fiNANCING – CHAIRMAN2nd May 2020
‘At MDB, we want to provide credit risk mitigation and capital relief in order to support commercial banks in unlocking credit to Malta’s businesses at favourable terms. The CGS is part of the wider package of Government’s COVID19 Response Support Programme.’FROM COVID-19
THE MALTA CHAMBER OF COMMERCE HAPPY WITH FIRST STEPS TOWARDS ECONOMIC AND SOCIAL NORMALITY TO SUPPORT NATIONAL RESILIENCE1st May 2020
The Chamber now looks forward to the guidelines which will be published by the country’s public health authorities in order to guide retail operators in following all the rules which will be published by the same authorities.FROM BUSINESS NEWS
AS FROM MONDAY, SEVERAL NON-ESSENTIAL RETAIL OUTLETS WILL BE ALLOWEDTO OPEN
1st May 2020
Restrictions such as mandatory face masks and hand sanitiser provision have also been introduced.FROM CHAMBER NEWS
THIRD CHAMBER STUDY CONFIRMS NEED FOR WIDER SUPPORT AND BETTER GUIDANCE TO BUSINESS30th April 2020
It is clear from the pattern of results that businesses need wider support and more realistic guidance from the authorities in order to avoid further redundancies.FROM CHAMBER NEWS
WATCH: HAPPY WORKERS DAY FROM THE MALTA CHAMBER!30th April 2020
For the occasion, Council Members of the Malta Chamber passed on their message of encouragement dedicated to all workers in a video, thanking them for the unity and resilience they have shown throughout such unprecedented circumstances.* 1
* 2
* 3
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* 5
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FROM COVID-19
CHAIR OF MALTA CHAMBER THINK THANK DISCUSSES WORK OF COMMITTEE ON RASIMB’RAS
30th April 2020
What is tomorrow going to look like? What are we to expect our economic and business prospects to look like after COVID-19? The Malta Chamber is actively interested in this, and its newly established Think Tank is briefed to propose a way forward.FROM COVID-19
CHAMBER CALLS FOR CLEARER DIRECTION AT MCESD MEETING29th April 2020
The Malta Chamber President David Xuereb and Director General Kevin J. Borg attended a virtual Malta Council for Economic and Social Dialogue (MCESD) meeting, discussing matters related to the economic challenges brought about by the Covid-19 crisis. FROM COMMERCIAL NEWS DIGITAL SKILLS AND YOUNG PEOPLE30th April 2020
Simply being a millennial or a member of the Gen Z is no guarantee that your digital skills are up to scratch and your full potential, says Claude Calleja, Executive, eSkills Malta FoundationFROM BUSINESS NEWS
MBB HOSTING ONLINE SEMINARS ON FOOD WASTE AT HOME & AT WORK THROUGHONGOING PROJECT
Locally, a staggering 22 to 25 per cent of food produced is thrownaway.
FROM BUSINESS NEWS
BRITAIN’S FTSE 100 INDEX PUSHES OVER 6,000 POINTS FOR THE FIRST TIME SINCE MARCH SLUMP The March crash brought on by the coronavirus pandemic was the worst day for the FTSE 100 since 1987.FROM BUSINESS NEWS
BRITAIN’S FTSE 100 INDEX PUSHES OVER 6,000 POINTS FOR THE FIRST TIME SINCE MARCH SLUMP The March crash brought on by the coronavirus pandemic was the worst day for the FTSE 100 since 1987.READ
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David Xuereb
President, Malta Chamber ------------------------- WE WILL CONTINUE TO MONITOR THE SITUATION CLOSELYMarch 2020
As you are aware, the country is going through unprecedented times, which are requiring unprecedented action of us. We shall not forget the experience we are living very quickly. At this juncture, I feel duty-bound to write to you today to inform you of the latest updates.Elysia Rezki
Junior Legal Associate, PKF ------------------------- TEMPORARY SUSPENSION OF CYPRUS GOLDEN PASSPORT SCHEMEMarch 2020
Over the past year, the Cypriot Citizenship by Investment (CIP) scheme has endured a thorny chain of events which ultimately led to its very recent suspension. From the tough berating of the European Union, to the decision (and ultimate failure) of the Cypriot authorities to revoke the passports of its 26 rogue investors – the “golden passport” scheme has been at the centre of controversy for stakeholders in the citizenship-by-investment arena.Martina Scalpello
Senior Manager - Risk & Compliance, ARQ Group ------------------------- AML DEADLINE APPROACHES – DON’T BE AN APRIL FOOLMarch 2020
An REQ (‘risk evaluation questionnaire’) is an annual regulatory submission related to Anti-Money Laundering. In 2019, the first year of the REQ, organisations generally struggled with the deadline and the FIAU sent no less than 207 letters to subject persons who had failed to submit in time!Mervin Zammit
Legal Associate, E&S Group ------------------------- CHANGES BROUGHT ABOUT BY THE 5TH AML DIRECTIVEApril 2020
The 5th AML Directive (5th AMLD) which came into force on the 10th of January 2020 partly amends EU Directive 2015/849 of the European Parliament and of the Council of 2015 (4th AMLD). The reason behind the new legislation was the ever-increasing fight against terrorist financing and increased transparency to avoid scandals of leaks brought about with the Swiss leaks and Panama Papers.Michael J. Agius
Manager - Transaction Advisory Services, Grant Thornton Malta ------------------------- THE IMPACT OF IFRS16 ON BUSINESS VALUATIONSApril 2020
Companies which report their financial statements under IFRSs, and are undergoing their 2019 audit, must now comply with the new lease standard – IFRS 16. This standard, which came to effect as from 1st January 2019, will require companies to bring most, if not all, of their leases on-balance sheet.Antoinette Muscat
VAT Manager, E&S Group ------------------------- VAT CONSIDERATIONS IN LIGHT OF COVID-19April 2020
The novel COVID-19, which has been officially declared as a pandemic by the World Health Organisation, has brought with it concern and uncertainty for everyone. Inevitably, it resulted in a disruption to the operations of business and most organizations are now struggling with unprecedented financial and economic realities.David Xuereb
President, Malta Chamber ------------------------- WE WILL CONTINUE TO MONITOR THE SITUATION CLOSELYMarch 2020
As you are aware, the country is going through unprecedented times, which are requiring unprecedented action of us. We shall not forget the experience we are living very quickly. At this juncture, I feel duty-bound to write to you today to inform you of the latest updates.Elysia Rezki
Junior Legal Associate, PKF ------------------------- TEMPORARY SUSPENSION OF CYPRUS GOLDEN PASSPORT SCHEMEMarch 2020
Over the past year, the Cypriot Citizenship by Investment (CIP) scheme has endured a thorny chain of events which ultimately led to its very recent suspension. From the tough berating of the European Union, to the decision (and ultimate failure) of the Cypriot authorities to revoke the passports of its 26 rogue investors – the “golden passport” scheme has been at the centre of controversy for stakeholders in the citizenship-by-investment arena.Martina Scalpello
Senior Manager - Risk & Compliance, ARQ Group ------------------------- AML DEADLINE APPROACHES – DON’T BE AN APRIL FOOLMarch 2020
An REQ (‘risk evaluation questionnaire’) is an annual regulatory submission related to Anti-Money Laundering. In 2019, the first year of the REQ, organisations generally struggled with the deadline and the FIAU sent no less than 207 letters to subject persons who had failed to submit in time!Mervin Zammit
Legal Associate, E&S Group ------------------------- CHANGES BROUGHT ABOUT BY THE 5TH AML DIRECTIVEApril 2020
The 5th AML Directive (5th AMLD) which came into force on the 10th of January 2020 partly amends EU Directive 2015/849 of the European Parliament and of the Council of 2015 (4th AMLD). The reason behind the new legislation was the ever-increasing fight against terrorist financing and increased transparency to avoid scandals of leaks brought about with the Swiss leaks and Panama Papers.Michael J. Agius
Manager - Transaction Advisory Services, Grant Thornton Malta ------------------------- THE IMPACT OF IFRS16 ON BUSINESS VALUATIONSApril 2020
Companies which report their financial statements under IFRSs, and are undergoing their 2019 audit, must now comply with the new lease standard – IFRS 16. This standard, which came to effect as from 1st January 2019, will require companies to bring most, if not all, of their leases on-balance sheet.Antoinette Muscat
VAT Manager, E&S Group ------------------------- VAT CONSIDERATIONS IN LIGHT OF COVID-19April 2020
The novel COVID-19, which has been officially declared as a pandemic by the World Health Organisation, has brought with it concern and uncertainty for everyone. Inevitably, it resulted in a disruption to the operations of business and most organizations are now struggling with unprecedented financial and economic realities.VIEW ALL
FROM BUSINESS NEWS
LAST CHANCE TO DONATE TO JCI'S BUY A MEAL INITIATIVE AS PROJECT DRAWSTO A CLOSE
28th April 2020
The project is now coming to an end, with 3rd May being the last day that donations will be accepted.POLL
DO YOU THINK THE AMENDMENTS TO MALTA’S CONSTRUCTION LAWS WILL SOLVE THE CURRENT ISSUES IN THE INDUSTRY?Yes
No
Don't know
Yes
17%
No
76%
Don't know
5%
*
GO
4.340
(NC)
*
HSB
1.330
(NC)
*
IHI
0.820
(NC)
*
LOM
2.240
(NC)
*
LQS
0.065
(NC)
*
MDI
0.710
(NC)
*
MDS
1.200
0.030
*
MIA
7.250
(NC)
*
MLT
0.910
(NC)
*
MMS
2.140
(NC)
*
MPC
0.660
(NC)
*
MSC
0.600
(NC)
*
MTP
1.250
-0.010
*
PG
1.870
(NC)
*
PZC
1.030
(NC)
*
RS2
2.000
-0.020
*
SFC
11.500
-0.600
*
STS
1.500
(NC)
*
TML
0.905
(NC)
*
TRI
1.510
(NC)
*
1923A
101.880
(NC)
*
6PM25
101.000
(NC)
*
AX24A
112.030
(NC)
*
BD24A
102.000
(NC)
*
BV20A
100.610
(NC)
*
BV30A
99.990
0.990
*
BV30B
100.000
(NC)
*
BV31A
102.000
(NC)
*
BX27A
102.900
(NC)
*
CB21A
102.750
(NC)
*
CB25A
103.500
(NC)
*
CB27A
102.020
(NC)
*
CF26A
103.710
(NC)
*
DF26A
102.000
(NC)
*
EF27A
105.250
(NC)
*
EN29A
101.000
(NC)
*
EX28A
105.100
(NC)
*
GC21A
95.500
(NC)
*
GF21A
100.000
(NC)
*
GH27A
105.000
-0.500
*
GP22A
102.000
(NC)
*
GP23A
104.900
(NC)
*
HD26A
103.500
(NC)
*
HF28A
101.500
(NC)
*
HF29A
100.100
-0.040
*
HM24A
105.700
(NC)
*
HP25A
102.020
-0.530
*
IB25A
108.000
(NC)
*
IH21A
104.500
(NC)
*
IH23A
108.500
(NC)
*
IH24A
107.000
(NC)
*
IH25A
107.000
(NC)
*
IH26A
103.990
(NC)
*
IH26B
102.000
(NC)
*
IH26C
100.900
-0.600
*
MB19A
100.000
(NC)
*
MB19B
100.000
(NC)
*
MB24A
100.300
(NC)
*
MB24B
104.060
(NC)
*
MB27A
104.500
(NC)
*
MD26A
103.010
(NC)
*
MF24A
109.500
(NC)
*
MI20A
100.000
(NC)
*
MI21A
101.000
(NC)
*
MI22A
102.400
0.100
*
MM26A
102.300
-0.010
*
MR26A
101.990
0.990
*
MS23A
100.900
(NC)
*
MS26A
100.990
(NC)
*
MS26B
99.300
(NC)
*
MT28A
105.500
(NC)
*
MY27A
102.500
0.250
*
MY31A
102.750
1.250
*
PC26A
103.910
(NC)
*
PG20A
101.000
(NC)
*
PG22A
110.000
(NC)
*
PH28A
104.000
(NC)
*
PZ26A
101.500
(NC)
*
SD27A
104.480
(NC)
*
SF27A
108.260
(NC)
*
SP29A
102.400
(NC)
*
ST27A
104.800
(NC)
*
ST29A
102.000
(NC)
*
TG26A
100.990
(NC)
*
TI24A
110.500
(NC)
*
TI27A
107.000
(NC)
*
TM29A
103.480
(NC)
*
UF23A
104.000
(NC)
*
VH24A
101.790
(NC)
*
VR27A
104.530
(NC)
*
BMIT
0.530
(NC)
*
BOV
1.100
(NC)
*
FIM
0.640
(NC)
*
GCL
0.270
(NC)
*
GHM
0.550
-0.040
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FROM BUSINESS NEWS
LAST CHANCE TO DONATE TO JCI'S BUY A MEAL INITIATIVE AS PROJECT DRAWSTO A CLOSE
28th April 2020
The project is now coming to an end, with 3rd May being the last day that donations will be accepted.FROM BUSINESS NEWS
CRUISE PASSENGER TRAFFIC DROPS BY HALF DURING FIRST QUARTER OF 202028th April 2020
Total cruise passenger traffic amounted to 40,175, a decrease of 48.5 per cent over the corresponding period in 2019, according to new figures published by NSO. FROM COMMERCIAL NEWS DOING BUSINESS ON THE WEB – AND DOING IT RIGHT28th April 2020
The COVID-19 pandemic has caused many businesses to take an unplanned leap forward to rely on the internet more than they have ever donebefore.
FROM BUSINESS NEWS
AIRBNB TO INTRODUCE NEW CLEANING PROTOCOLS TO REVIVE AILING BOOKINGS28th April 2020
The initiative will launch in May.FROM BUSINESS NEWS
BORIS JOHNSON ANNOUNCES "MOMENT OF MAXIMUM RISK" FOR UK AND WARNS AGAINST LIFTING COVID-19 RESTRICTIONS PREMATURELY27th April 2020
It’s the British Prime Minister’s first Downing Street speech after recovering from the coronavirus.FROM BUSINESS NEWS
NEW ZEALAND BEGINS TO LIFT COVID-19 RESTRICTIONS, EASING OF MEASURES EXPECTED IN MALTA THIS WEEK27th April 2020
New Zealand’s prime minister said that the country has ‘won battle’ against COVID-19 community transmission.FROM BUSINESS NEWS
TWO LOCAL CLEANING COMPANIES COME TOGETHER TO DONATE SCHOOL TABLETSTO CHILDREN IN NEED
Competing companies Bad Boy Cleaners and Mr Clean donated 30 tablets to the Ministry for Education. FROM INTERNATIONAL FINANCIAL NEWS STOCK MARKETS IMPROVE AMID EXPECTED EASING OF COVID-19 LOCKDOWNMEASURES
27th April 2020
European stock markets were all higher in early trading.FROM BUSINESS NEWS
MALTA’S €215 MILLION WAGE-SUPPLEMENT SCHEME GETS EUROPEANCOMMISSION APPROVAL
25th April 2020
The Commission described the economic support measures as‘necessary’
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