Outlining government’s plans for the next year, the pre-budget document to be published next Saturday is expected to propose a change in income tax bands, with the most likely option to be taken up for the forthcoming budget being an increase in the non-taxable portion for both single and married individuals to Lm3,500 and Lm5,000 respectively. READ MORE >>
European Union foreign ministers yesterday failed to agree on demanding an immediate ceasefire in the Middle East, opting instead for a diplomatically softer position asking for an immediate end to hostilities.
As port operators issued new port charges yesterday, costs for exporters and importers dropped by a margin of one to nine per cent.
Europe’s nightmarish heatwave is striking down crops particularly in the east but this is turning out to be positive for Maltese farmers who are fetching better prices for their produce. R