Tag: Malta Chamber of Commerce Enterprise and Industry
The Malta Chamber of Commerce, Enterprise and Industry has rebranded, with winged Hermes remaining as its main image.
Having the right attitude in the current economic climate will be the key to the size of the benefits which Malta can reap from the Post-Covid world. This was the opinion of Perit David Xuereb, President of the Malta Chamber of Commerce when interviewed on Newsbook Q&A.
The Malta Chamber of Commerce, Enterprise and Industry is urging on giving the due importance to the nation’s economic needs, as well as the physical and mental health of the people. Perit David Xuereb, President of the Chamber, stated that ‘we cannot remain in a state of emergency, we need to start building again’.
The Malta Chamber of Commerce, Enterprise and Industry made a set of proposals aimed at strengthening the Individual Investor Programme (IIP) to ensure it is consistent with the country’s efforts to consolidate the country’s reputation while ascertaining the highest level of good governance.
“A structured tapering of the lockdown is the logical way forward as the country now looks forward to kickstarting economic activity, for the benefit of all society. This is a time for discipline and maturity. With everyone’s cooperation we can resume business activity gradually with minimal risk to employees and customers alike. Let’s ensure that this is only the first step back towards normality, and that the country will not need to backtrack on this very important step” said David Xuereb.
Various stakeholders reacted positively to the news including the Malta Chamber of Commerce, the Malta Chamber of SMEs, the Gozo Business Chamber and the Gozo Tourism Association.
The Chamber in a statement said that the costed proposal which was presented to the government is to extend its support to businesses based on their loss of turn-over rather than a NACE code approach. The study provided by the Chamber takes a scenario-setting approach and calculates that the measure would cost the government an additional €48.3 million per month on top of the measures which were already in place.
The Chamber described the new measures as ‘revised measures’ as they reflect the Chamber’s proposals put forward during the consultation process.
In a statement on Saturday, the Malta Chamber of Commerce, Enterprise and Industry said that together with other employer organisations the chamber participated in a meeting with Prime Minister Robert Abela. This was done in a bid to keep an open conversation about the assistance required by businesses at this very challenging time.