Malita Investments Rejects Interference Claims as Political Pressure Mounts
Malita Investments has firmly denied allegations of ministerial meddling, insisting its decisions are guided solely by corporate governance and shareholder interests. The rebuttal follows sharp accusations by former chair Marlene Mizzi, who claimed Housing Minister Roderick Galdes interfered in the company’s operations. With the PN, ADPD and Momentum calling for a probe, and a string of recent resignations at executive level, the dispute has intensified scrutiny over governance in state-linked entities. Galdes maintains he only exercised “oversight”, while Malita says departures were due to personal or strategic reasons, not political influence. (Times of Malta)
Malta Sees Growth in SMEs as Active Enterprises Reach 60,856
New NSO data shows Malta hosted 60,856 active enterprises in 2024, up 3.1% from the previous year. Growth was strongest among small and medium-sized businesses, with medium enterprises rising nearly 10%. Micro firms still dominate, representing the bulk of the business landscape. Most enterprises remain sole proprietors or partnerships, although limited liability companies account for over half of employer enterprises. Employment supported by businesses reached 275,357, highlighting continued expansion in the private sector despite a slight decline in the number of large companies. (The Malta Independent)
MHRA chief says authors of tourism chapter in Vision 2050 ‘had no clue’
MHRA president Tony Zahra has launched a scathing attack on the government’s tourism strategy within Malta Vision 2050, dismissing the chapter as “total rubbish” and claiming its authors had “no clue what they were doing”. Speaking during an event organised by the Malta Business Bureau, Zahra argued the long-term strategy, focused on sustainability, premium offerings and higher-spending tourists, lacks credibility and understanding of the sector. The government’s plan proposes more upscale accommodation, new attractions and improved service ecosystems, but industry leaders warn the vision may be detached from operational realities. (Newsbook)
