Textile industry still promising despite fierce competition
By Marika Azzopardi
Despite the negative news recently emerging from Malta’s textile industry, government is remaining upbeat on the industry’s prospects and is adamant that, over the short to medium term, the future of the local clothing industry remains reasonably promising despite the fierce international competition. READ MORE >>

Fitch downgrading not to affect BoV’s profitability
In a statement issued yesterday, Bank of Valletta reacted to the downgrading of the Bank’s credit rating by international rating agency Fitch, which had reduced BoV’s long-term outlook from A- stable to A- negative. Fitch had also downgraded BoV’s individual rating from B/C to C. However, the Bank’s short-term outlook had remained unchanged at F2. READ MORE >>