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Multi-million losses for Maltese retail groups in year of COVID shut-down Property and food sales in COVID kept business going, but retail groups suffered between 70-80% drops in sales 6 May 2021, 8:04am by Matthew Vella Millions were lost in sales by some of Malta’s largest companies and bond issuers, a raft of end-of-year financials posted in the last weeks show. A selection of some of the more prolific organisations shows the varying fortunes of businesses who suffered the brunt of the COVID-19 pandemic’s lockdown and public health restrictions. Others granted a ‘pass’ to proceed ...

The rapid spread of COVID-19 has been a major shock globally, resulting in an unprecedented health crisis. The truth is that this pandemic has forced governments across the globe to introduce aggressive and severe emergency measures and restrictions in a robust attempt to contain the virus spread. As a result, the pandemic has been a particular threat to, the transport and aviation, hotel and catering industries, as well as the banking industry. While Lombard Bank had a good start to 2020 with growth in line with expectations, the latest financial data available as at Q3-2020, as in the case ...

At the end of every year I like to reflect and assess what the key highlights were, and 2020 has definitely been one to reminisce upon. COVID-19, community spread, confirmed positive cases, contact tracing, epidemic, pandemic, curve flattening, herd immunity, lockdown, quarantine, social distancing, home schooling and working from home are all terminologies we are familiar with and use in our day-to-day talk nowadays. Moreover, most of these have become key aspects in our daily monitoring as we try to forecast how they are going to affect the markets, without any framework, theories or resear...