Corporate Dispatch Morning Briefing – Sunday Newspaper Review

Reading Time: 3 minutes

Good morning,

These are the main stories on Malta’s front-pages.

The Sunday Times reveals that the Malta Financial Services Authority has written to Bank of Valletta to implement urgent changes related to risk management. The paper says a European Central Bank review of BOV in March found around 12 cases of operational risk.

Malta Today leads with a threat of industrial action by the Airline Pilots Association as Air Malta pilots demands assurances of an early retirement scheme. Government argues this would breach EU state aid rule and warns it will operate the airline with another company.

The Independent on Sunday publishes figures by Facebook on social media advertising spend of EP election candidates. Maltese candidates spent more than €115,000 on 4,500 adverts in May, more than 10 times placed in Germany calculated per capita.

Malta Today says that Shoreline Holdings are paying a €32 million premium for a lease of 99 years retroactive from 2007 to sub-lease a part of Smart City. The company will pay €12,222 in annual ground rent, revised by 5 percent every five years.

The Sunday Times says that the leadership of the Nationalist Party is considering discarding a petition by 200 members of the General Council calling for a vote of confidence in party leader Adrian Delia.

The Independent on Sunday says that clients of Satabank, which had its assets frozen eight months ago by the financial serviced watchdog, are still waiting for their funds to be released. Sources told the paper that the process of payments has slowed down dramatically.

Illum contacts all MPs in the PN parliamentary group to ask them whether they think leader Adrian Delia should step aside. The paper said that only four deputies ‘stuck their necks out’ for Delia.

Kulħadd says that there are currently more job vacancies than unemployed posing a challenge to employers. The paper says that Malta has the highest number people in employment since Independence.

It-Torċa announces that American company HID Global has acquired a part of De La Rue and will now take over the passport printing services in Malta. HID Global is a subsidiary of Assa Abloy Group.

Il-Mument says that two opposing currents formed within Castille as Prime Minister Joseph Muscat is ready to step down. The paper says some want Muscat to remain while another is calling for a leadership contest.

Illum reveals that the government will this week announce a major upgrade of the Marsa racehorse track. All sections of the track will be restored, and new commercial facilities will be built with an investment of €28 million.

It-Torċa reports on the employment situation within the public sector where services are provided by private companies. The paper says that employees contracted by the companies end up without the right to defend themselves.

Il-Mument carries an interview with Union of Teachers president Marco Bonnici who expressed concerns about the shortage on teachers. The president predicts that the situation will affect more subjects next year.

Kulħadd says that this will be a big week for the PN with a series of important meetings. It says a ‘fiery’ meeting is expected on Thursday with people opposing Adrian Delia’s leadership insisting of the validity of the petition by General Council members.



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