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FIMBank Supports Beating Hearts Foundation
FIMBank has recently sponsored Beating Hearts, an independent non-profit foundation established primarily to support the needs of parents having children born with a congenital heart defect.
Due to the Bank’s continued support, FIMBank was provided with a set of high-quality prints, revolving around the Tale of Two Cities theme, which consist of the photographic pairing of two selected cities. The Bank was provided with the pairings of Malta-New York and Malta-Manchester as collages.
As a sign of appreciation towards the Bank’s contributions to this foundation, the President, Prof. Victor Grech signed the prints during an event organised by FIMBank.
“The noble work of the Beating Hearts foundation is indeed endorsed by FIMBank. Prof. Victor Grech’s work and consistent effort to make a direct and positive impact on people who suffer from a congenital heart defect is indeed commendable. We look forward to supporting further initiatives undertaken by Beating Hearts” said Jason Zammit, Senior Vice President, Head of Marketing.
“FIMBank’s consistent support and assistance in our mission is highly appreciated. We have found FIMBank to be very willing in aiding us with our cause and it is thanks to such contributions that we can continue making inroads to help people with congenital heart defects” said Prof. Victor Grech.
For further information about FIMBank, please visit www.fimbank.com
Samsonite unveils the next generation of lightweight, secure polypropylene luggage
Samsonite continues to challenge the industry with its continued focus on innovation, to bring forward products that suit the trends and needs of how we travel. For the launch of its new Magnum™ suitcase, the market leader draws on its extensive experience and know-how in polypropylene luggage manufacturing to create the lightest framed polypropylene case in its class. Made in Belgium, this pioneering collection marks an unequalled fusion of lightness, durability, design and the most secure 3-point locking system.
Security meets a new era of lightness
The three-point locking system, launched as a Samsonite patented innovation in 1986, has continued to evolve over the last 30 years, offering travellers even greater security, practical travel use and facilitated opening and closing than ever before. Made in Europe and developed in-house at Samsonite by the world’s best luggage engineers and designers, the Magnum collection now combines the safety of three-point locking with an impressive weight advantage, unparalleled in its class. The Magnum Spinner 75 weighs less than 4kg, which is exceptional for a framed polypropylene suitcase, combining all the benefits of a framed luggage with the weight advantage of a zipped suitcase. This is thanks to a new revolutionary AEROBUST™ injection method and construction.
Made in Europe, a highly appreciated quality label
In today’s society, we are ever more conscious about the quality of the products we purchase, calling for greater transparency and pushing for durable options. With the new Magnum collection, Samsonite continues to invest strongly in its Belgian production and manufacturing base through innovative engineering. For the production of the Magnum collection, the factory uses robots and new production techniques along with more automated processes. The suitcase has been innovatively engineered with snap-fit components which allow for a smooth and sustainable assembly process. Eventually, looking at the future, this will open up new opportunities for customization, but without a compromise on efficiency.
Its intelligent, minimalist and sleek design allows for complete component integration. Not only from a functional perspective as all components are fully integrated for optimum ease and protection, but also from a design view as the texture runs through the components. With the introduction of Magnum, security meets a new ear of lightness with an impressive weight of less than four kg for a spinner 75, unparalleled in its kind.
A true family collection
Designed with young families in mind, this lightweight suitcase offers great protection, maximum packing space and many practical features allowing you to travel with confidence. Thanks to the many features, you can pack efficiently and keep everything wrinkle-free and organised. The suitcase comes with a fully lined (removable) interior, including an in height adjustable divider pad in the bottom compartment, in height adjustable cross ribbons in the top compartment and a large U-shaped pocket.
The suitcase comes with a double tube pull handle, double wheels, featuring a practical top and side carry handle on all sizes.
The Magnum collection is available in three sizes (Spinner 55, 69 and 75) and including a soft ‘Millennial Pink’ and a more traditional Dark Blue
Founded in 1910, Samsonite is the world’s leading luggage brand with an extensive legacy in trendsetting travel solutions. Renowned for breakthrough research, development and its commitment to innovation, Samsonite has excelled since its inception in a number of industry firsts. Samsonite offers an extensive range of travel, business, kids, casual and personal accessory products. Samsonite helps travelers journey further, with ever-lighter and stronger products.
IPL publish 22nd edition of Malta Hotels Directory
Introduces Google plus codes
The 2020 edition of the Malta Hotels Directory, published by Island Publications is now available.
This is the 22nd edition of the directory that was first published in 1999.
The directory is produced by Mosta-based Island Publications on behalf of the Malta Tourism Authority and is the official accommodation listing for the islands. It is available at all key international travel shows and fairs the MTA exhibits at, from MTA bureaux abroad and all its PR agents dotted around the world and, of course, locally from the authority’s information offices.
The 112-page directory lists all licensed hotels, tourist villages (well, there’s just one), guest houses and hostels on the islands.
This edition also includes another first in local publishing – Google plus codes. These work just like street addresses; when an address isn’t available or is too long, one can use a plus code to find or share a place on Google Maps.
A plus code combines two elements; a code of six or seven letters and numbers and the name of the locality.
By way of an example, the code for St John’s Co-Cathedral is VGX6+2X Valletta. (To find a location using plus codes open Google Maps on a desktop computer, smartphone or tablet. At the top, tap the search box and type the plus code.)
In 2012 the hotels directory was the first locally produced title to introduce QR codes alongside entries.
Meantime, “it is heartening to see that in this digital age, there is still a need and want for a traditionally-produced version of this directory,” says IPL publisher Terence Mirabelli.
Hard copies of the Malta Hotels Directory 2020 are available from the MTA and may also be downloaded from the authority’s site (www.visitmalta.com/en/hotels).
MEA points at ‘Disillusionment in National Institutions’, proposes Parliamentary Reform
The Malta Employers’ Association presented a position paper with proposals for parliamentary reform to Minister Carmelo Abela, Minister within the Office of the Prime Minister during a meeting held at the MEA premises. During this meeting, a number of topics were discussed, among them the state of social dialogue in Malta, issues affecting the labour market and industrial relations, mandatory union membership and the principle of equal pay for work of equal value.
The paper presented by MEA voices its concern about a growing sense of: ‘disillusionment in our institutions. Politicians are seen as crooked or incompetent; the business community is perceived as corrupt; our justice system feared as being selective and manipulated. This distrust in our institutions is also eating away at our core values, with many believing that you cannot make headway in life through honest means’.
The Association sees the restructuring of parliament as ‘a critical means through which other equally important reforms might be implemented to restore a sense of normality and to safeguard against a reoccurrence of the current state of affairs.’
In essence, the paper proposes a leaner parliament with 45 fulltime members and a maximum of 8 Ministers. MPs will be paid at €55k per annum, Parliamentary secretaries at €65k per annum and Ministers at 85k annum. The Prime Minister’s remuneration will be €110k per annum. MPs will not be able to occupy any position with government entities, nor have interest in private sector companies which can create a conflict of interest with their duties as MPs.
In addition, the paper also addresses the engagement of persons on positions of trust and party financing. The Association is recommending that the number of such persons should be limited to no more than 3 persons per ministry, and that there will be full disclosure of their contracts and duties.
On party financing, MEA said that there should be a transition to partially state funded political parties, and that corporate donations and door to door collections will be strictly prohibited. Affiliated to the International Organisation of Employers (I.O.E.), Business European Capital Cities (BECC), European Centre of Enterprises with Public Participation and of Enterprises of General Economic Interest (C.E.E.P.) and BUSINESSMED The MEA stressed that these recommendations are meant to contribute to a more comprehensive exercise to restore faith in Malta’s institutions by the general public and internationally, warning that in the absence of reform, a relapse into a series of scandals and corrupt practices, would be catastrophic for Malta.
Click here to download the full text of the paper.
BDO’s strategy accelerates the organisation’s financial growth
year on year, with global revenues topping € 8.5 billion for
YE 30 September 2019
• 10.1%* increase in global revenues – up from + 8.3% in 2018 - cements BDO’s position as fastest-growing global organisation
in the profession over the last 10 years
• Focus on leadership ambition is delivering: a combination of significant organic growth and strong M&A activity
• BDO’s 88,000+ professionals worldwide are readily embracing future-oriented technology, transforming BDO’s client service
approach by applying skills and insights with a digital mindset
• An innovation-first approach is driving business efficiency and value for clients
• Focused market efforts and strategic M&A activity are helping to establish BDO as leaders in their chosen markets
*at constant exchange rates
BRUSSELS, 5 December 2019: BDO announces a total combined fee income** of US$ 9.6 billion /
€ 8.5 billion, for the year ended 30 September 2019, representing a year on year growth of 10.1% at constant exchange rates (+12.8% in euro; +6.9% in US$).
At year-end 2018, global CEO Keith Farlinger stated that his dream for BDO – focused on the concept It’s time for BDO to lead - is one of a people organisation that delivers innovation and value every day. As Keith himself puts it: “My ambition for BDO is to be a global organisation of leaders. We are one organisation, united under a common cause”.
In 2019, all BDO firms are actively embracing the global dream and bringing it to life in their day-to-day business. The organisation’s fundamental reason for being is outlined in its WHY, or purpose: People helping people achieve their dreams. This shapes how BDO people work with their clients, support their colleagues and interact with their communities.
**Including BDO’s exclusive alliances
One of the benefits of having a clearly stated WHY is reflected in the organisation’s consistent expansion in headcount, which is up 10% this year to 88,120 people: inspired by the WHY, people want to work for BDO. Working out of 1,809 offices worldwide, they are available to support clients as they grow and wherever they conduct their business.
Now represented in 167 countries and territories, the Americas remains the organisation’s largest region @ 52.7%, with EMEA @ 34.9% and Asia Pacific @ 12.4%. BDO’s impressive growth is evident across all regions, with the strongest revenue increase in the Americas (+15.7%). The EMEA region also performed well (+12.9%), while in the Asia Pacific region, several firms have evidenced spectacular growth.
Audit & assurance remains BDO’s largest service line, bringing in 42.4% of revenues. This figure is less than in 2018, as advisory and business services & outsourcing have increased their contribution, @ 21.2% and 15.4% respectively. Tax services income remains similar to last year, @ 21.1%.
Strategic approach delivers financial strength:
Choosing to be LEADERS IN OUR MARKETS
BDO firms aim to be leaders in their markets and as these markets are subject to continual technological transformation, the organisation continues to diversify in order to provide new digital solutions. This allows BDO to bring its clients insight and opportunities.
This approach is empowered by strategic merger activity and relevant business-critical acquisitions - in cybersecurity and digital solutions, for example. Firms such as BDO in Austria and in Belgium have made bold moves in acquiring other future-fit services. In 2019, key mergers included BDO in Australia merging with boutique cloud accounting and business advisory firm Consolid8, and one of BDO’s biggest-ever mergers with Moore Stephens in the UK. The firm in the USA continues to be BDO’s merger leader, having acquired customs and international trade practice Global Trade Strategies Inc. in Atlanta and crisis management and business continuity consulting and technology firm Lootok in New York, among others. A plethora of smaller, equally important acquisitions have been seen worldwide, such as that with Grant Thornton in South Africa, to name just one.
Individual firms’ strong organic growth has also helped to strengthen several important local market leadership positions across all regions. In Australia, Chile, Lithuania, Mexico, the Netherlands, Peru, Romania, Saudi Arabia and Singapore, for example, BDO firms have all seen double-digit growth.
Choosing to lead in INNOVATION
BDO sees innovation driving value for clients and improving business efficiency and profitability. BDO’s culture of innovation is spear-headed by the increasingly influential BDO Innovation Hub, which promotes innovative projects and encourages collaboration. It has accelerated the co-creation of new ideas and the development of products, services and tools which benefit both clients and BDO firms.
Some of the innovation highlights that are available for the benefit of BDO firms include the Danish firm’s BDO Business Inspection tool, which helps companies to understand whether they are spending too great a proportion of their revenue on salaries and administration costs
- as well as how their spend compares to the competition. Tycoon has been developed by BDO in New Zealand, which has recognised the power of using gamification for employer branding and recruitment purposes and is currently rolling out their cloud-based, app-enabled business simulation game across all 370 secondary schools in the country. BDO in the Netherlands’ Security Sensor is for use by clients: a powerful deterrent to cyber threats, it can be employed both virtually and physically at various levels in a client’s organisation.
The shining example in BDO’s drive for innovation is their bespoke software, APT Next Gen. Working in collaboration with Microsoft, BDO has invested heavily in designing a globally scalable and secure platform. APT NG includes all the digitally enabled processes, methodologies and connected platforms to meet BDO partners’ and their clients’ specific business needs. This enables them to create new ways to interact and work together. At the time of writing, +/- 22,500 unique users have been onboarded to the tool, with 14,500 using it in the last 30 days alone. Also, in the last 30 days, APT has handled in excess of 1.291 billion backend requests. The total number of client engagements so far created within it, meanwhile, has topped 55,000 and its storage capacity now stands at 603 Terabytes for documents and 52 TB for databases.
Microsoft themselves have stated that APT Next Gen is a modern, digitally founded platform that allows BDO to amplify the relationship between technology and data in the audit context: “BDO’s APT Next Gen is pure digital transformation in action. This global, connected platform is highly adaptive and flexible, with cloud, data and intelligence at its core”. Kristin Johnsen, Corporate Vice President, Microsoft Services.
Powered by leading technology, APT and other BDO platforms such as the Global Portal and Digital Suite are driving efficiency, streamlining the exchange of information and ensuring an improved digital experience and enhanced data analytics capabilities.
Choosing to lead as ADVISERS OF THE FUTURE
BDO’s people make the difference – and they are embracing AI and technology to improve the service and value they can create for their clients. There has been a strong focus on enhancing the digital quotient (DQ) mindset of all our 88,000-plus professionals: but the importance of human interaction has not been neglected. The BDO difference lies in remaining a people business, one that combines digital skills with relationships built on trust and a deep understanding of clients. BDO people share a common objective: the proactive creation and implementation of business solutions and creating value for our clients.
Global CEO Keith Farlinger comments: “This year, all BDO firms have evidenced the power of sharing the same global dream as leaders, proactively advising our clients with future-oriented solutions. In creating new ways to interact with our clients and with each other, we are shaping ourselves for the BDO of tomorrow.
BDO Malta exhibiting at ICE London – the world’s largest
BDO Malta will be once again exhibiting on stand N7-412 at ICE London between the 4th and 6th February at Excel, London. The theme for this year’s expo is ‘Step into the future’.
ICE London is recognised as the world’s largest gaming expo and will be taking place over three days with an estimated 35,000 delegates showing up for the expo. ICE London provides an opportunity to discover the latest in gaming innovation across all sectors. Over 150 countries will be represented at the show floor, offering an unrivalled and global platform to find new business and partnership opportunities.
BDO Malta, as leaders in the Gaming Advisory field, will be exhibiting for the duration of the event. BDO Malta is licenced to conduct MGA Systems and Compliance Audits for gaming companies as well as MDIA Systems Audits for gaming operators seeking to use Virtual Financial Assets to make and receive payments within their gaming operations.
Senior members of BDO’s Gaming Advisory team will be at the BDO Malta stand ready to assist in licensing, regulatory, compliance, tax and technology amongst other areas. We are also happy to discuss blockchain, Virtual Financial Assets (VFA) and other professional services provided by the Firm.
Gaming sectors which will be covered during this conference include betting, bingo, casino, lottery, mobile, online, payments, social, sports betting and street. Moreover, there are also several networking events throughout the three-day event.
Malta is regarded as the world capital for iGaming companies. The industry regulator - the Malta Gaming Authority (MGA) – offers two licenses for operators, B2B and B2C.
Mark Attard, Partner and Chief Executive Officer at BDO Malta stated, “One of our values at BDO is helping people succeed. This is what we intend to achieve at ICE London, help new and existing gaming operators succeed in their business. The current gaming regulation positions Malta as a jurisdiction of choice for any entrepreneur seeking to maximise on business incentives in a well-regulated jurisdiction. ICE London is a great showcase for BDO and Malta.”
BDO Malta has built a dedicated team of Gaming experts, bringing together a range of business, legal and technology advisory skills.
For more information about Gaming services offered by BDO Malta or to set-up a meeting at ICE London, please contact us on g email@example.com or visit: https://www.bdo.com.mt/en-gb/industries/remote-gaming/igaming-services
Forming part of the global BDO network, BDO Malta provides end-to-end corporate and business advisory services, assisting companies in driving their business towards further growth. BDO is represented in 165 countries and territories, with over 88,000 people in over 1,600 offices worldwide. With over 40 years of practice in Malta, the Firm assists clients across a wide range of industries, supported by solid technical expertise, deep market insights and an international business mind-set plugged into the BDO global network.
For further information, please contact: Carl Saydon
Go Ventures to fund E 2 million for Tech Startup
GO has started plans to launch the €2million Tech Startup Fund, after setting up the governance and logistical structures for the Fund, establishing connections and meeting potential candidates
“Although we have a very strong telecommunications and IT infrastructure, we also realise that one of the ways for us to continue driving innovation is to partner with dynamic entrepreneurs in the digital domain. We also want to be among the first corporates to join the budding community of angel investors in Malta. This is what spurred the idea of investing in local and international startup”, Nikhil Patil, CEO of GO stated during the launch of ‘GO Ventures’, GO’s €2 million Tech Startup Fund, in the presence of Mr Silvio Schembri, Parliamentary Secretary for Financial Services, Digital Economy and Innovation and other stakeholders in the Maltese innovation and tech start-up ecosystem.
“We are pleasantly surprised with the feedback we have received so far. It is encouraging indeed and confirms that there is a huge demand for this project. In fact, once we announced this Fund, things immediately started shaking up and since then, we have been actively following up on a number of pitches we received and started discussing a few interesting prospects,” added Mr Patil.
Stefan Briffa, who is leading the GO Ventures project, gave a high-level overview of how the Tech Startup Fund will work. He explained that the GO Ventures investment package being made available includes cash, spacious co-working space in B’Kara, GO’s full suite of telecom and cloud services, access to markets and networks and mentoring. He added that GO Ventures will focus mainly on startups in the fields of artificial intelligence, big data and analytics, internet of things, cybersecurity, blockchain, fintech and related areas.
“Today, Malta offers many services to startup, however, they face a common problem in finding enough local sources of financing and investment. The ‘GO Ventures’ Tech Startup Fund will help address this challenge and by working with like-minded partners, GO wants to help foster a Maltese ecosystem of investment in innovation,” explained Nikhil Patil.
“Most importantly, we want to lend our experience in growing businesses by investing in startup that demonstrate tangible potential in areas that are of interest to our business. We also see this project as a vehicle to deliver yet more value to our shareholders and stakeholders,” he concluded.
New CEO for Burmarrad Group: Sharon Camilleri
Burmarrad Group is pleased to announce that Sharon Camilleri has been appointed as the new Chief Executive Officer.
The appointment took effect on the 9th of October and was met with unanimous support by the team. Amongst her colleagues, Sharon is known for her dedication to bettering Burmarrad Group over the years, focusing her energies not only on the group's portfolio of clients but also as a workplace.
Her assistance and leadership style helped develop the business to be the market leader that it is today; and with this in mind, the directors and managers at Burmarrad Group is excited to see the direction Sharon will be taking the company as its new CEO.
Prior to her appointment to CEO, Sharon Camilleri held the position of executive director at the family-run firm. Since a very young age, Sharon has been highly involved with the operations and management of Burmarrad Group, founded by her father Mario Gauci back in 1984.
Sharon Camilleri joined the family business in 1994 as an administration and sales executive, moving up to executive director for the sales, purchasing and leasing departments. She is now responsible for driving the strategic growth and development of the group across all business sectors.
Burmarrad Group specialises in leasing, rentals, sales and servicing for all types of vehicles. Approved repairers for Peugeot and Citroen as well as official distributors and service partners for Carrier Transicold, Chereau bodies, Dhollandia Tail – Lifts, Pegaso Lifts and Piaggio Commercial Vehicles. Diversification was always the Company’s forte, and all subsequent business ventures were taken with one goal in mind: to develop Burmarrad Group as a player in the automotive industry and real estate. The company is ISO9001:2015 certified since 2008 and employs over 65 personnel.
Maltco Lotteries publishes its CSR Publication 2018/19
Maltco Lotteries publishes its Corporate Social Responsibility Publication covering July 2018 to June 2019, which highlights actions taken regarding the company’s four key pillars: Responsible Gaming, Sports, Charity and Retail.
The Publication gives a detailed insight on the CSR initiatives undertaken by the company during the aforementioned period. This includes; the company’s efforts towards promoting and applying the Responsible Gaming principles in favour of the player, sponsorships to support local sport athletes and events as well as the contributions made to local charities. Retail initiatives and agents’ continuous training are also part of Maltco Lotteries’ main annual focus.
A copy of this publication can be obtained from the company’s official website under the Corporate section.
For further information email firstname.lastname@example.org, visit the Maltco website www.maltco.com or call 23883000.
MBR participates at the EMP Fest, on Oct. 18th
We at MBR are ready to participate with our stand in this important event, which we are also sponsoring, that it is going to be organised concurrently during the SMEs National Forum, in the Oracle hall foyer/ syndicate rooms at the Dolmen Hotel – Qawra, between 8.00am-3.30pm.
This year's event, is being organised in collaboration with the Ministry for the Economy, Investment and Small Business, MEAINDEX, and the Ministry for Education and Employment.
In this Event you can find a number of elite speakers that will be sharing their knowledge and experiences on topics related to employment in Malta, particularly focusing on SMEs.
Hon Christian Cardona - Minister for the Economy, Investment and Small Businesses, Hon Evarist Bartolo - Minister for Education and Employment, Isabelle Maquet - Deputy Head of Unit B4 responsible for Malta and Spain at DG Employment, Social Affairs and Inclusion of the European Commission. Joseph Farrugia Director General MEA, Dolores Sammut Bonnici current MEA President, Dana Farrugia- CEO Tech.mt Foundation, and Dr Anne Marie Thake – Head of Public Policy, University of Malta are amongst the main speakers who will be addressing the participants.
Main Panel Discussion “How SMEs are expected to handle employability in a quasi-full employment scenario?”
3 Separate Symposia,
“Sustainable Employment Through Education”
“Employment in a fast-changing Demographics scenario”
“Employment Strategy and its ripple effect on the Economy.”
The Event will come to an end with a Networking Lunch and an EMPfest whereby more than 20 entities coming from government and commercial businesses will be present, offering services and assistance to all those present.
This is a National Event supported by PwC Malta, Corporate Dispatch and Dolmen Hotel and sponsored by BOV, Tech.mt, Malta Enterprise, Jobsplus, Identity Malta Agency, GCS recruitment Agency and Zaffarese Group.
For further details and registration email to email@example.com.
THE NEXT EDITION OF THE CAREER DAY
5-YEAR COLLABORATIVE AGREEMENT BETWEEN MEAINDEX AND AGENZIJA SAPPORT
Maltco supports European Week of Sport for the fifth consecutive year
For the fifth consecutive year, Maltco Lotteries will be supporting SportMalta and will be once again participating in the European Week of Sport. The aim behind the European Week of Sport is that of promoting participation in sport and physical activity whilst raising awareness on the benefits of being active and participating in some sort of physical activity.
For the 5th edition of the European Week of Sport, Maltco will be donating 5 Indoor Rowing Machines to SportMalta. Following the European Week of Sport, the machines will be utilised by SportMalta and thus the general public will benefit from this donation.
Apart from this generous donation, Maltco Lotteries will be also partnering up with SportMalta and will be once again organising the Maltco Indoor Rowing Challenge. This event will be one of the main activities of the #BeActive night organised at Kirkop Sports Complex on Saturday 28th September.
The Maltco Indoor Rowing Challenge is open for everyone. There are different categories based on age and gender. Individuals placing 1st, 2nd and 3rd in their category will be awarded a medal during the medal presentation held during the same event. The challenge is free of charge and will be held between 19:00hrs and 21:00 hrs. Anyone interested in taking part must fill in and submit the form to SportMalta before or on the day of the event.
People attending the #BeActive night, have also the opportunity to participate in different sports such as: badminton, teqball, pickleball, table soccer, table tennis and subbuteo. Fitness classes and a weightlifting competition will be also organised. The #BeActive night will finish with a Zumba party which will be held from 23:00hrs to midnight.
Operatic and Symphony
Celebrity Concert - OMAGGIO A GIUSEPPE VERDI (1813-1901)
The Societa’ Filarmonica Nazionale La Valette of Valletta will be presenting a special Operatic and Symphony Band Concert entitled Omaggio a Giuseppe Verdi /Tribute to Giuseppe Verdi, encompassing overtures,arias,duettos and choir selections from Verdi’s repertoire.
The La Valette Symphony Band is marking the 145th anniversary of its foundation and the 92nd anniversary of its historical victory at the International Bands Competition held in Como,Italy.
It will be held on Saturday 9 November 2019 at 7.30pm, Auditorium,Catholic Institute, Floriana.
The Como Concert is under the distinguished patronage of HE Dr George Vella,President of Malta.
Renowned Tenor Kaludi Kaludov from Bulgaria and Soprano Anna Dytry from Poland will perform arias and duettos from Verdi’s major operas. —- La Traviata, Aida, Rigoletto,Il Trovatore,La Forza del destino. The Coro Bel Canto will perform selections from Nabucco,La Traviata, Aida, Il Trovatore.
Kaludi Kaludov from Sofia, Bulgaria, enjoys a highly successful international career having performed at the La Scala of Milan; and various opera houses of Trieste, Genova, Paris,Buenos Aires,Chicago and Houston in the USA, Berlin and Hamburg in Germany,and Vienna; he distinguished himself in Verdi’s Aida conducted by Mro Zubin Mehta in Tel Aviv,Israel, performing with world famous opera singers including Renato Bruson, Plácido Domingo,Sherill Milnes,Mirella Freni, under famous conductors like Claudio Abbado and Riccardo Muti. Kaludi has a rich repertoire of Verdi’s operas - Attila,Ernani, La forza del destino, La Traviata,Il Trovatore, Aida.
Anna Dytry was born in Poland and specialized in singing under the expertise of Kaludi himself. She performed leading roles of Micaela in Georges Bizet’s Carmen, Desdemona in Otello, Leonora in Il Trovatore,Elisabetta in Verdi’s Don Carlo, Liu in Madame Butterfly and Tosca in Giacomo Puccini’s operas, Elvira in Mozart’s Don Giovanni,Giulietta in Les Contes d’Hoffman by Jacques Offenbach,performing in opera houses of Vienna, Maastricht,Poland, Bulgaria and Slovakia.
The La Valette Symphony Band will perform under the baton of Mro Dominic Darmanin.
OMAGGIO A GIUSEPPE VERDI promises to be a tribute to Italian Opera by Malta’s leading Symphony Band —- Not to be missed!
Booking from Societa’ Filarmonica Nazionale La Valette, Republic Street,Valletta; Telephone: 20997001
Catholic Institute, Floriana
STM Malta Named ‘National Winner’ in Prestigious European Competition
STM Malta Trust and Company Management Limited has been named ‘National Winner’ in the 2019 European Business Awards, one of the world’s largest business competitions.
It was chosen from 2,753 businesses named as ‘Ones to Watch’ in a list of business excellence published in July and selected as a National Winner by a panel of independent judges including business leaders, politicians and academics. It is the best business in Malta in the The Customer and Market Engagement Award with Turnover of €0-25M category and will now go on to represent Malta in the final stage of the competition.
Deborah Schembri, Managing Director said “I am thrilled that STM Malta made it to the final stages of the competition, since we competed with excellent local companies. This achievement is dedicated to all the team at STM Malta”.
The company is licensed as a Retirement Scheme Administrator with the Malta Financial Services Authority. It is also authorised to act as trustee or co-trustee to provide fiduciary services in terms of the Trusts and Trustees Act.
Adrian Tripp, CEO of the European Business Awards said: “This is a significant achievement and STM Malta is an outstanding leader in their field. To be chosen as a National Winner means you show great innovation, ethics and success and are one of the best businesses in Europe. We wish STM Malya the best of luck in the final round.”
A final round of judging will take place on the 3rd and 4th December in Poland and a Gala Ceremony will be held on the 4th of December where the overall category winners for the 2019 European Business Awards will be announced.
The European Business Awards is now in its 12th year and its primary purpose is to support the development of a stronger and more successful business community throughout Europe. This year it considered over 120,000 businesses from 33 countries. Sponsors and partners include Inflexion, Germany Trade & Invest and Cision PR Newswire.
A New Deal for Consumers: Operators of online platforms should also be liable
The rapporteur, Samuel Azzopardi, believes that the EC’s proposal is a move in the right direction, but regrets that rules on the liability of online marketplaces are missing
With an opinion drawn up by Samuel Azzopardi (MT/EPP), councillor, Rabat Citta Victoria, Local Council, Gozo, the European Committee of the Regions welcomes the publication of the EC’s proposal to lay down a minimum EU-wide framework for collective redress scheme mechanisms across the Member States, which could bring a real opportunity for consumers to obtain redress in cases of mass damage. The revision and update of existing consumer rules in response to current challenges ensures that such rules remain relevant and fit for purpose. This should, however, only be considered as a first step in the right direction.
The opinion, adopted at the plenary session on 10 October, reflects on the EC’s proposal to lay down a minimum EU-wide framework for collective redress scheme mechanisms, bringing an opportunity for consumers to obtain redress in the event of mass damage and thus plugging the current gap in the enforcement of EU consumer rights. It also seeks to modernise consumer rights. The Committee supports the broad scope of the proposal for making a real impact in areas where mass harm occurs and covering other practices that are detrimental to consumers and more largely to the public.
The rapporteur, Samuel Azzopardi, recommends that collective redress mechanisms be extended to other cases of mass harm, including cases of mass environmental damage, harm done to common goods, and in respect of health and safety regulations or violations of employment rights, in order to bring about easier access to justice for all Europeans. He also draws attention to the fact that consumer organisations which can be designated as qualified entities may have limited financial capacities. Consumer organisations in smaller Member States are concerned in particular. Lack of financial capacity should not hinder organisations from being designated as qualified entities.
“European consumers and citizens need stronger protection and legal security”, said rapporteur Azzopardi. “I believe that the right of withdrawal is an important consumer right that should not be weakened in the absence of any conclusive evidence of misuse”. In this respect, the report points out that the minimum fine for widespread infringements, amounting to 4% of a trader’s annual turnover, is not adequately dissuasive.
Finally, the report regrets that rules on the liability of online marketplaces are missing in the EC’s proposal. “Operators of online platforms should be liable in cases where they fail to inform consumers that a third party is the actual supplier of goods or services or where they fail to remove misleading information disseminated by the supplier, which has been reported to the operator”, said Mr Azzopardi.
The European Committee of the Regions
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Get ready for the cypto showdown of the century!
In just 2 weeks, some of the greatest crypto minds will illuminate the much anticipated Malta Blockchain Summit. The Regulatory Conference and The Marketing & Investment Conference will storm the stage during day one.
The Regulatory Conference
The Regulatory Conference kicks off the expo and attracts some of the most prominent personalities of the industry. Prime Minister of Malta, the Honourable Joseph Muscat will set the standard with his keynote speech, welcoming the movers and shakers of the crypto sphere. Around lunchtime, the cream of the crypto crop shake-up the conference with the ICO Pitch. The industry innovators of the sphere will battle it out for an illustrious 50k crypto prize.
The Marketing & Investment Conference
The afternoon heats up with the Marketing & Investment Conference. Liaise amongst some of the key figures of the crypto scene and spark up a debate about the topics that troop the industry. One of the most impressive instances of this Conference is the appearance of AI inspiration, Sophia the robot, where in collaboration with her creator, she will give her take on ICO investment.
With the countdown in its penultimate week, the curtain for final tickets is closing. Secure your spot in one of the most momentous conferences to shake the industry – not to forget the deluxe soirees that follow.
Trending News in Blockchain
ColdLar releases latest hardware wallet
Craftchain releases Top 50 influencers
Trending News in Blockchain
Craftchain released a first-edition global Top 50 Influencers Ranking. The ranking was issued through their partnership with the Malta Blockchain Summit.
ColdLar Wallet released its latest product, Pro 3, a hardware wallet with a fully support EOS ecosystem with added NFC update synchronisation and an upgraded interactive experience.
Marco Mottana and Fabrizio Crimi will be launching CFX – CryptoFXForinvest at the upcoming Malta Blockchain Summit.
New kid on the block
The inaugural edition of the Block is officially out. Packed to the rafters with interviews and cutting-edge features, the bi-annual publication illuminates the cutting-edge applications of blockchain and DLT, with a specific focus on how this exciting new tech has captured the imagination of the Maltese Islands.
MGA Publishes its 2017 Annual Report and Financial Statements
The Malta Gaming Authority (MGA) has published its Annual Report and Financial Statements for the financial year ending 31 December 2017. The report provides an overview of the activities and work performed throughout the year by the MGA which mainly focused on the finalisation of the new Gaming Act, coming into force in 2018, and on the enhancement of its compliance systems, including the implementation of the requirements of the EU 4th Anti-Money Laundering Directive.
Throughout 2017, the MGA also focused on enhancing its IT systems, as reflected in the introduction of the Licensee Relationship Management System (LRMS), a secure and dedicated portal featuring a one-stop shop for licensing and reporting and a new communication channel.
The Annual Report also looks at 2018 and beyond, whereby the MGA will be focusing on the implementation of the new regulatory framework, the transition towards a risk-based approach to regulation, the continued implementation of onerous AML (Anti-Money Laundering)/ CFT (Combating the Financing of Terrorism) obligations, and the application of the General Data Protection Regulation, and its impact on operators and the MGA alike.
The following are the key highlights from the Annual Report:
• During the year under review, the MGA generated a total revenue of €66.3m in licence fees, gaming tax and other administrative fees and fines, compared to €62.5m in 2016. This represents an increase of €3.7m or a 6% year-on-year increase;
• The direct contribution of the gaming industry to the Maltese economy was valued at €1.1 billion in 2017, with approximately 9,800 full time jobs created within operators directly in the sector and other associated businesses;
• In January of the same year, the MGA launched a licensing and regulatory regime based on the Skill Games Regulations for the online skill games sector, including the creation of a specific B2C and B2B licences for ‘controlled skill games’;
• It also conducted a thorough study to assess the application of Distributed Ledger Technology (DLT) and the use of cryptocurrencies in a sandbox environment, with the objective of issuing a consultation paper and subsequently, guidelines, in 2018;
• As highlighted above, the MGA kept investing in its IT systems, most notably on the introduction of a New Licensee Relationship Management System accessible through a secure and dedicated web portal. This system has changed the way the MGA interacts with its existent and prospective licensees through the digitisation of regulatory and licensing processes;
• In 2017, the MGA further enhanced its AML/CFT supervisory mechanisms, including the implementation of the EU 4th Anti-Money Laundering Directive. This involved cooperation with the Financial Intelligence Analysis Unit (FIAU) to develop supervisory practices and procedures, sector-specific guidelines, and joint supervision;
• MGA’s most important achievement was the finalisation of the new Gaming Act which was tabled in Parliament earlier this year. The new law is set to overhaul completely the way the Authority regulates the sector, once it comes into force in 2018.
In publishing this report, Heathcliff Farrugia, Chief Executive Officer of the Malta Gaming Authority, stated that: “Last year was perhaps one of the most exciting years for the MGA. The ongoing efforts and relentless work of MGA officials on the various projects the Authority embarked upon was reaching its final stages, with the new regulatory framework and the 4AMLD being the most notable ones.
Their introduction in 2018, coupled with the investment in IT systems shall continue to elevate our regulatory standards, by strengthening our controls and empowering the Authority to adopt a risk based approach towards enforcement and supervision.”
Whoever wishes to receive hard copies of the Annual Report may send an email to email@example.com
GLMS welcomes Maltco Lotteries Ltd within the GLMS family
Maltco Lotteries Ltd has today become the 31st Member of the Global Lottery Monitoring System (GLMS). Maltco Lotteries has been a firm and traditional supporter of sport of all levels in Malta and with a long-standing commitment to responsible gaming operations in all its products.
GLMS President, Ludovico Calvi states: “We are delighted to welcome Maltco Lotteries Ltd to our Association. Maltco once again proves its commitment to responsible and sustainable sports betting operations, but also to an ethical driven sport in the highest interest of all Maltese citizens. The joining of Maltco will no doubt further strengthen this unique global alliance of Lotteries that have joined forces to safeguard the credibility of sports, fully in line with the core lottery integrity mission and values”.
Vasileios Kasiotakis, CEO of Maltco Lotteries, adds: “Being an operator that respects both society and its customers and sharing a strong commitment to responsible sports betting operations, Maltco is pleased to join the GLMS, notably as it has been lately enhancing its operations and intensifying its regulatory efforts and activities. We look forward to benefiting from the GLMS services and also contributing to its important work for the benefit of sport and society”
GiG announces headline sponsorship of Malta Pride 2018
“We don’t just believe that iGaming should be fair and fun for all, we believe that life should be fair and fun for all. And to demonstrate our support, today we’re teaming up with Allied Rainbow Communities (ARC) to be Malta Pride 2018’s main partner”.
GiG (Gaming Innovation Group) will be the main partners of Malta Pride this year, Allied Rainbow Communities (ARC), the organisers of Pride have announced. A week-long celebration with different activities will take place between 9-16 September 2018 with the main Parade and open air free concert to take place on Saturday 15 September. The theme of Pride this year will be ‘Pride in the heart of the Mediterranean’.
GIG is a fast-growing tech company with over 450 employees based in Malta but also located in Spain, Norway, Denmark and Gibraltar totalling over 700 employees. Earlier this year, their ultra hip offices by St. George’s Bay were inaugurated by the Prime Minister Dr Joseph Muscat.
Mikael Ångman, Chief Operations Officer of GiG said: “We are proud to be the headline supporters of Malta Pride, an event we believe to be a highlight in Malta’s calendar! GiG’s vision is to change the iGaming industry to make it fair and fun for all. A huge part of that is to have a diverse workforce and provide an atmosphere where everyone can be the best version of themselves, no matter their background or sexual orientation. We want to encourage everyone to be able to be who they are without fear.”
ARC is a voluntary organisation dedicated to support the LGBTIQ community in Malta by organising monthly events, campaigning for better sexual health, collaborating with rainbow-friendly businesses and co-ordinating Malta Pride.
“Studies are showing that countries that support LGBTIQ rights are better off in economic development and social wellbeing. We are witnessing this in Malta as well and we are finding a lot of positive collaboration with the business and civic communities”- Clayton Mercieca, the co-ordinator of this year’s Malta Pride said. “We are also aware however that negative attitudes and stigma still persist and an event like Pride is an occasion to bring different minorities together in support of each other and give courage to people who are still too afraid to live their truth. To have such a major employer like GIG supporting Pride gives us a lot of encouragement to make each year’s Pride a better one than before – not just for the fanfare and glamour that is fun for all the family, but because there is a lot of isolation in our small islands that makes it very hard for minorities like the LGBTIQ community to integrate”.
Following a record turnout participation last year, ARC has initiated its intent to host an International Pride event in five years time and has become a member of the European Association of Pride Organisers.
Several local artists will be performing for the crowds at the open air concert which will be held after the parade in Valletta. In addition, the Italian Drag duo Karma B. will be entertaining the crowds with their spectacular acts. More information will be available on www.maltapride.org
InnoEnergy organises the world´s leading event for sustainable energy innovations
Pitching sessions from more than 150 start-ups, leading energy experts, live product demonstrations and much more
InnoEnergy, Europe’s largest sustainable energy innovation engine, will host the sixth edition of “The Business Booster” (TBB), Europe´s catalyst for clean energy innovations. This year´s event, taking place in Copenhagen, Denmark, on 17 -18 October will focus on the theme “The Future is Now”. More than 700 attendees from over 30 countries are expected to join the 150 cutting edge sustainable energy innovations, which can be discovered in the accompanying exhibition.
“The Business Booster is the only event that brings together the most innovative start-ups from all over Europe with established industry players, investors and public-sector institutions to accelerate Europe´s clean energy transition”, says Elena Bou, Innovation Director, InnoEnergy. “In addition to the start-up´s pitching sessions, visitors can attend round tables, live product demonstrations, and parallel sessions.”
Premiere: Experts´ presentations and reverse pitching
For the first time, InnoEnergy is organising parallel and reverse pitching sessions. In the first format, leading experts in their fields will present their latest innovations and show how their companies have revolutionised the storage, transport, wind and smart city sectors. While in the reverse pitching sessions, enterprises from across the energy sector will approach InnoEnergy´s entrepreneurs to look for sustainable energy solutions to their challenges.
“Each year, we are reinventing The Business Booster to provide start-ups and energy industry representatives with a bigger, better, and increasingly insightful agenda”, Bou says. “Our unique mix of sessions, product demonstrations and networking events create ideal conditions for delegates to discover the latest innovations, create partnerships and increase brand awareness. The clean energy revolution has happened, and the future of sustainable energy is now.”
From high-performance storage solutions to automatic heating control
Among this year’s exhibitors are Swedish-based Northvolt, which is building Europe´s largest lithium-ion battery factory. Betterspace from Germany, on the other hand, develops components to enable automatic heating control for non-residential buildings. Swedish-based Watty will present their patent-pending energy data analytics tool that monitors energy use from every electrical appliance in households with a single sensor to save money and energy. France-based DCbrain has developed a Big Data solution to exploit and maintain complex industrial networks, while Skeleton Technologies from Estonia develops high-performance energy storage solutions based on breakthrough graphene material.
The first speakers have now been confirmed, including key-note speaker Dr. Daniel M. Kammen, Professor of Energy at the University of California in Berkeley, who has served as a lead author on various reports of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. In addition, panel debates and parallel sessions will include scientist Robert Rosner, Founding Director of the Energy Policy Institute of the University of Chicago, and industry experts Lars Aagaard, CEO of the Danish Energy Association, and Michael Sen, Member of Siemens Managing Board.
Early bird registration is available until 31 July. Further information, agenda, exhibitors and speakers can be found at tbb.innoenergy.com.
InnoEnergy is the innovation engine for sustainable energy across Europe. We support and invest in innovation at every stage of the journey – from classroom to end-customer. With our network of partners we build connections across Europe, bringing together inventors and industry, graduates and employers, researchers and entrepreneurs, businesses and markets. InnoEnergy was established in 2010 and is supported by the European Institute of Innovation and Technology (EIT).
Courtesy: KIC InnoEnergy SE; Writemeanything
MEDIA RELEASE FIMBank hosts Corporate Client Event
FIMBank recently hosted a reception for its local corporate clients which was held at the Bank’s Head Office. The event served as an excellent opportunity for the Bank’s clients to interact with their Relationship Managers and customer-facing employees. The Chairman and CEO of FIMBank greeted the clients and thanked them for their attendance. Jason Zammit, Head of Real Estate stated that, “FIMBank has built a reputation on its ability to build strong relationships with its clients. As a customer centric Bank which proactively listens to its clients, we are committed towards tailoring financial solutions to meet their specific needs.” He also emphasised on the importance of such events as it enables the Bank to build a stronger rapport with its growing local customer base. In addition to FIMBank’s real estate finance proposition, the Bank also offers a comprehensive range of trade financing, factoring and cash management services. Describing the Bank’s client relationship management approach, FIMBank’s Head of Cash Management Chris Trapani said that, “The Bank is strongly geared to offer a wide range of Cash Management services to businesses. Our strategy hinges on a personalised approach, with a consistent commitment to adapt to the latest technology and innovation to provide added value to all our clients.”
For more information about FIMBank plc, please visit www.fimbank.com
Single digital gateway: a time saver for citizens and companies
Easier for citizens and businesses to do their paperwork online
• Key administrative procedures to be fully accessible
• Examples include: birth certificates, car registration, European Health Card, study loan and grant applications and business permits
The single digital gateway will help citizens and firms to access information and administrative procedures online, e.g. to apply for study loans or register a car.
A provisional deal struck with the Council on 24 May to set up a single digital gateway, to make it easier to find information, forms and assistance for people moving to or doing business in another EU country, but also for those staying at home, was endorsed by the Internal Market Committee on Thursday, by 33 votes to three, with one abstention.
This European single entry point will be integrated in the “Your Europe” portal, available in all languages. It will provide access and links to national and EU web sites and web pages, in a user-friendly way, to enable users to exercise their rights and comply with their obligations within the single market.
EU member states will be required to grant online access to the most important and frequently used procedures. In “justified exceptional cases of overriding reasons of public interest in the areas of public security, public health or the fight against fraud”, member states may ask the user to appear in person for a procedural step. The information, online procedures and assistance services provided must be of high quality and accessible to users with disabilities. A user feedback tool will also be available.
Marlene Mizzi (S&D, MT), who steered this legislation through Parliament, said: “Today, the Internal Market Committee has achieved an important milestone in improving and easing citizens’ interaction with public authorities through the digitalisation of public services and the completion of the digital single market. The new rules will provide responsive, inclusive, borderless, user-friendly digital public services to citizens and businesses at national and European level.”
“Such services are paramount when people want to move, live or study in another EU country and need to request relative documentation, such as a birth certificate, proof of residence or apply for university or study financing, amongst many others. It is also very relevant for businesses wishing information relating to cross-border activities and procedures.”
“Once only” principle and data protection
The “once only” principle aims to ensure that citizens and businesses are asked to submit information only once to a public administration, which can then be re-used in other procedures, upon the user’s request. The single digital gateway regulation includes provisions to make sure that this principle is implemented in line with the new data protection rules.
The draft regulation still needs to be voted by the full Parliament in an upcoming plenary session (September) and formally approved by the EU Council of Ministers. In order to give national, regional and local administrations time to adapt, the target date for placing all relevant procedures online will be five years after the entry into force of the regulation. However, many procedures are already available online now or will be available before that date.
The single digital gateway proposal is part of the “compliance package”, aimed at enhancing the practical functioning of the EU single market. It builds on several existing schemes, which cover only a few fields, are not always interconnected, suffer from not being well known and are therefore underused.
According to the European Commission, this legislation could help EU citizens save up to 855 000 hours of their time annually and companies could save more than EUR 11 billion per year.
Equiom Malta raises smiles among local children
Equiom Malta recently organised a trip to the zoo for the children of St. Rita Home orphanage in Tarxien. Staff from Equiom Malta accompanied 13 children from the orphanage to the Wildlife Park in Rabat for the day where the children observed the animals and were treated to lunch.
The team at Equiom Malta also made a donation of €500 to St. Rita Home through a mix of fundraising activities and corporate donations. In addition, they gifted toys to the children in partnership with Playmobil.
Colin Gregory, Managing Director of Equiom Malta commented: ‘I am pleased that we were able to help out in such an important way. Many of these children had never visited the zoo before so it was a great experience both for them and for the staff. I would like to thank the team at Equiom Malta for giving up their free time on a public holiday to make this event happen. Special thanks also to eCabs for providing the transport, Playmobil for the toy donations and the Wildlife Park for entry to the park free of charge for the children. This was a great initiative and I am looking forward to offering more support to St. Rita’s in the future.’
St. Rita Home is an orphanage run by the St. Ursuline Sisters. It is home to 16 local children cared for by four nuns who dedicate their lives to providing a safe and nurturing environment.
Notes to editor
Equiom is fast becoming the stand-out business in the professional services sector, with a strong presence in Europe, Asia, the Middle East and The Americas. It provides a range of innovative and effective business partnering solutions.
Equiom’s experienced and highly qualified teams support corporations and high-net-worth individuals around the world with their fiduciary and related support-service needs.
Equiom is an independent company focused on strategic thinking and quick responses to clients’ requirements. It is a thriving business, continually seeking to develop its product range, in order to provide both existing and potential clients with an unrivalled range of options and opportunities.
Equiom (Malta) Limited is authorised to act as a trustee and fiduciary services provider by the Malta Financial Services Authority.
World’s first convertible coin offering platform
The world’s first convertible coin offering platform was officially launched with Prime Minister Joseph Muscat saying that the blockchain technology will be a harbinger of a new economic niche for the country which in turn will create more jobs and wealth. The offering by the company Palladium saw its chairman Paolo Catalfami saying that the project will create more than 100 job opportunities. Palladium uses blockchain technology to bond banking with cryptocurrency and had its prospects approved by the MFSA and is subject to stringent EU laws. Malta is one of the first countries worldwide to regulate this technology creating an ideal ecosystem for companies, start-ups, and investors.
Malta Stock Exchange, Valletta (OPM1007201801-02)