Malta Winds

MFSA defends its position over licence application delays

Applications to the Malta Financial Services Authority (MFSA) for licences to operate are missing targets set by the regulator. Data released in response to a Parliamentary Question revealed that over a quarter (26%) of applications received in 2015 were still awaiting a decision six months after submission, and 6% of the 205 applications received were still pending after a year. This means that licence applications taking more than six months to deal with have increased by eight percentage po
REBA

The problem with shared parental leave

Shared parental leave was supposed to usher in a new era of gender equality in the workplace, giving new fathers the ability to take time off to care for their children, while at the same time allowing women to share the load of child care and focus more on their careers. One year on from the launch of the initiative, however, and uptake is low. Over the first three months of 2016 just 3,000 new parents were taking advantage of the shared parental leave initiative. This compares to 52,000 fath
Professional Manager

Government unveils new apprenticeship funding as new guidance issued

CMI has welcomed the news that government will pay 90% of training costs for small businesses under new guidance on the Apprenticeship Levy, released today. The funding will cover the 98% of employers in England that are too small to pay the levy, with a total of £2.5bn of funding up to 2020 being used to support people of all ages to gain high-quality skills and experience and help employers to offer more training opportunities and build a skilled workforce. CMI director of strategy Petra Wil
Professional Manager

Why failure is part of the path to success

Whether it’s the failure of a project, losing your job, a marriage breakdown or even the collapse of a company, failure happens (to paraphrase a well-known saying). It’s the job of the professional manager to know how to deal with that failure when it inevitably takes place. Speaking to CMI chief executive Ann Francke at the launch of CMI’s Bouncing Back report, management consultant and report author Katarina Skoberne said that failure need not always be a bad thing – as long as you learn from
Malta Winds

Government revenues on the increase, but public debt continues to grow

The Maltese government deficit has fallen over the first six months of 2016, with a €47.3m reduction in the consolidated fund deficit. The result was boosted by a €49.7m increase in recurrent revenue to €1.7bn for the first half of 2016, up from €1.6bn for the same six month period in 2015. This increase was largely driven by an uptick in revenue from Income Tax and Social Security, increasing by €58.4m and €36.2m respectively. The Maltese government also benefitted from an increase in revenu
Malta Winds

MIDI returns to profit as residential property sales rocket

Maltese property agent MIDI returned to profit in 2015 after registering a €2.2m loss in the previous year. The estate agent reported a profit for the year of €9.9m for the 12 months to 31 December 2015, after group revenue soared by more than 200% to €41m, up from just €13.3m in 2014. The group also benefitted from gains from changes in the fair value of investment property, which increased operating profits by €4.9m, up from nothing in 2014. This increase in revenue and asset gains was part
Professional Manager

6 electric ideas changing the way we manage: Part 6

Every year, £50bn is wasted on unproductive meetings that achieve nothing more than infuriating everyone in attendance and creating more work than they achieve. They invariably go on too long, have too many people sat round the table, and finish without having actually tackled the heart of the problem and come up with the solution that everyone’s looking for. David Wethey’s solution is the ‘mote’ – a new kind of super meeting that aims to increase productivity and ensure objectives are met and
REBA

Trend update: The obesity time bomb waiting to hit the workplace

The obesity crisis in the UK has hit critical levels. A government report published in February this year found that nearly one in four adults in England are obese, while a further 36% are overweight. In fact, over the last two decades the proportion of obese adults has climbed by almost 12 percentage points to 24.8% in 2014, up from just 13% in 1994. When comparing the sexes, men are more likely to be overweight than women, with 65% of males classed as overweight or obese in 2014, compared t
Load More Articles