Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri this week launched Playcon;
Malta's budget is expected to be presented by mid-October, Finance Minister Edward Scicluna has said, while adding that the exact date has not yet been announced.
The Pre-budget document, titled 'sustaining inclusive growth', was presented by Finance Minister Edward Scicluna this afternoon, in preparation for the budget for 2020 that will be presented later this year. The government wants to focus this budget on the elderly and healthcare Scicluna said, among other things.
Asked if there is a plan to increase taxes or add on new taxes, he said that the government does not
The Consolidation of Bills committee in Parliament continued discussing the rent reform bill this afternoon.
The reform which Prime Minister Joseph Muscat described as "landmark" upon its launch was tabled in Parliament for its Second Reading by Parliamentary Secretary for Social Accommodation Roderick Galdes.
Muscat, when previously describing the bill, had said that it would introduce a minimum period of one year, minimum notice periods for both landlords and tenants, and obligatory contract registration are some of the points within what Prime Minister Joseph Muscat
The MFSA has published for consultation new conduct of business rules that are intended to regulate the Equity Release Financial Products. This product provides a solution for elderly home owners enabling them to enjoy retirement in their own home while receiving income earned from the future sale of the residential property to a bank or financial institution.
While the applicable Regulations will come into force on 1st September 2019, in view that this product shall be offered to pensioners, the MFSA felt the need to supplement these Regulations with specific Conduct of
The Malta Financial Services Authority has become aware of an entity which has a presence on social media at
As part of its ongoing efforts to enhance consumer protection, the MFSA has updated the Conduct of Business Rulebook to implement important
A no-deal Brexit would result in an instant shock to the UK economy, the governor of the Bank of England, Mark Carney, has
A report issued by the Central Bank shows that borrowers are increasingly taking on larger loans compared to their income, resulting in higher loan repayments, and possibly indicating increasing pockets of vulnerability in case of a downturn.
The Central Bank of Malta made this observation in its eleventh Financial Stability Report in which it evaluates developments within the domestic financial system in 2018.
A special feature focused on banks’ exposure to the real estate market, found that whilst house prices picked up recently, the monthly average repayment compared