Issue link: https://maltatoday.uberflip.com/i/1120492
23.05.19 2 NEWS Letter of Intention Mr. Sherzod Rabbimov ID 462512L and Mr. Matnazar Mamurov ID 0045760A Directors of SherMax Co.LTD in Malta, declare their intention to register for an Employment Agency License in accordance to Article 23 of the Employment and Training Services Act, 1990 (Act XXVIII of 1990). The activities proposed to be carried out are the following: 1) Recruitment Consultancy. 2) Interviewing, selection and placements of candidates in employment. 3) Recruitment of persons from abroad to employment in Malta or in an EU member state. 4) Recruitment of persons in Malta for employment in Malta or in an EU member state. 5) Advertising of the filling of vacancies. 6) Keeping a register of applicants for employment. Registered address: Binja Kordin, FI 7. Pjazza St Antnin Block D Paola. PLA1953 We are looking forward to having the official business premises to be used as an Employment Office. Company Registration Number: C 91780 CREDORAX, a leading merchant acquiring bank providing cross-border smart payment services, recently held an event at its offices in Valletta, for merchants and retailers. e event focused on the importance of secure customer authentication (SCA), 3DS 2.0 and how they fit into payments models in light of upcoming PSD2 regulations. During the event, a number of international keynote speakers from Credorax outlined the latest realities on custom- er authentication regulation, explained which transactions are affected by these regulations and provided a general overview of Credorax's Smart 3DS product suite. Designed to solve customer authentication and PSD2 payment issues faced by merchants, this latest solution from Credorax utilises the power of AI, data science, and payment fraud preven- tion technologies. During the event, the speak- ers also highlighted practical steps that can be taken to ensure these regulations are adhered to easily and seamlessly for the consumer. Over 45 people attended this highly engaging event and feedback following the event was very positive. Attendees praised the first-rate organi- sation and commented on Credorax's excellent consultative approach and helpful insight into merchant requirements for remaining compli- ant with PSD2. "We never received such detailed information on this subject or experienced a workshop as well organised from our other providers," com- mented one of the attendees. Charlon Scicluna, Managing Director of Cre- dorax Malta stated: "Staying close to our mer- chants and advising on their individual needs for regulation or other payment questions has al- ways been a high priority for us. We were happy to host them, share our knowledge and support their needs." To celebrate the launch of Smart 3D Secure, a NextGen solution for PSD2.0 SCA, Credorax will be hosting a joint Happy Hour with Netcet- era on 3 June, during Money 20/20 Europe in Amsterdam. Strong customer authentication: killer or converter MASSIMO COSTA THESE European elections saw local discourse connected with the economy shifting from a fo- cus on bread a butter matters to issues connected with quality of life, economist Gordon Cordina said. Cordina said that as Malta's economy grows, the coun- try's priorities are changing, which is reflected in the type of economic themes which feature in the electoral debates. Asked by Business- Today whether dis- cussion on the economy took second place during the MEP elections – except when it came to the issue of tax harmonisation – Cordina said economic topics still played an important role. "I think the economy still fea- tured in an important way dur- ing these European elections, for instance in discussions on the allocation of social goods such as housing, environmental mat- ters, more equality, and the ways the labour force is growing and the implications of this on infra- structure," Cordina said. "If you look at the basic defini- tion of economics, this relates to the best allocation of resources to meet social needs and wants in the most adequate manner possible. And money is only a tiny part of this," he remarked. "erefore, it is the priorities which are changing in our economic discourse, and this is an effect of a growing economy." He underlined that people's prior- ities were generally no longer associated with bread and butter issues, but with hav- ing an improved qual- ity of life. "We now have to graduate from growth into devel- opment, and this will entail a more holistic quality of life ap- proach," he said. Questioned on how tax harmoni- sation across the Eu- ropean Union could impact Malta's econ- omy, Cordina said he preferred not to com- ment on the matter. 'Opposition could not attack on economic growth' - Alfred Sant Former prime minister and La- bour MEP Alfred Sant told BusinessTo- day that, during the MEP campaign, the Opposition was unable to attack the government on the econom- ic growth aspect, since this was doing well. He said that the economy was not a main theme during the campaign, with the notable ex- ception of the issue of tax har- monisation. "e Opposition could not attack on the economic growth aspect. e economy was not a principle factor, except for the fact that the Maltese economy could be affected by fiscal developments relat- ed to tax rates across the EU," Sant said. "Tax harmonisa- tion was a concern due to the movement towards harmonised taxation rates in Europe, at the level of the European Council, European Commis- sion and European Parliament," he said. If proposals for a uniform tax rate are put into effect, this would then constrain financial services in Malta, which are one of the biggest contrib- utors to economic growth, the MEP warned. Economy one of main points of the elections - Kristy Debono e PN's economy spokesper- son, Kristy Debono, said that, contrary to perception , the bread and butter issues and the economy were one of the main points raised during the election, together with the environment, health, democracy, the rule of law and the protection of life. "All these were reflected black on white in our electoral mani- festo," Debono said. "Labour's economic model based on population growth, the ever-rising cost of living, cheap labour, the reputation of our fi- nancial services and high rental costs and the Socialists propos- al of tax harmonisation across Europe are all economic issues addressed reapeatedly by the PN during this campaign," she said. Nationalist MP Claudio Grech said that the themes discussed during the electoral campaign were mostly tied to European issues. "is reflects a better under- standing of what the European elections are – they are not general elections but are essen- tially about how the people will be represent- ed in the EU," Grech, who was formerly the Opposi- tion's economy spokesperson, said. "e way I see it as a PN MP is that the focus was more on the European context." e matter of tax harmonisa- tion and its implications, how- ever, could not be minimised, he noted. "If you look at the knock-on effect tax harmonisation might have, the economic impact will be enormous, even from a social aspect," Grech added. Economic focus during election campaign influenced by Malta's changing priorities Kristy Debono Gordon Cordina Alfred Sant Claudio Grech