What follows is a selection of financial, corporate and business news which can be read on today’s edition of The Malta Business Weekly.
Local equities end positive year on a high
The MSE Equity Total Return Index extended its positive street to four successive months as a 0.92% increase was recorded during December 2018 pushing the overall annual gain to a solid 3.81%. Significant reduction was registered in the price of Loqus Holdings (-57.14), Bank of Valletta (-26.11) and Maltapost (-25.47). The biggest gains were registered by MIDI plc (+91.43) Malta International Airport (+23.40) and Trident Estates (+20.97).
Sparkasse Bank Malta plc obtains licensing in Ireland
Sparkasse Bank Malta plc has been granted a licence to provide Depositary services in Ireland and is the first Maltese bank to have achieved such licensing.
UK financial services sector shifts £800 billion in assets to Europe
Financial services companies have moved almost £ 800 billion in staff, operations and other assets to Europe since the Brexit referendum, according to a report by EY.
Online poker players don’t have to pay tax on winnings, appeal court rules
The Dutch tax office has lost its claim to levy tax over the winnings of dozens of online poker players.
MISCO survey confirms Malta now has a multi-ethnic workforce
77% of the respondents in this year’s MISCO’s annual survey on HR Developing ins Malta stated that they recruited EU citizens whereas 44% stated that they recruited third country nationals.
BMIT prospectus approved
The Listing Authority has approved the Prospectus relating to the BMIT public offering of up to 49% of its ordinary shares.
