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THURSDAY 19 NOVEMBER 2020 • ISSUE 84
WWW.BUSINESSTODAY.COM.MT
PAGE 3
Editorial PAGE 9
UNDERSTANDING AND CAPITALISING ON THE DIFFERENT NORMAL
PAGE 5
INTERVIEW PAGES 6 & 7
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HSBC Bank
Malta records
lower Q1-
Q3 profit
before tax
compared to
2019
Agility in the
face of adversity
Malta airport claims
ACI Europe's 'best
airport' award
KURT SANSONE & PAUL COCKS
BUSINESSES which do not expect to
survive beyond six months need to re-
generate their model if they are to sur-
vive in the future, when government aid
might not be forthcoming, the CEO of
Malta Enterprise has warned.
Kurt Farrugia told BusinessToday that
businesses should plan ahead and revise
their business model to ensure their via-
bility without any government aid.
"At the moment, because of the circum-
stances brought about by COVID-19, di-
rect cash aid has proven fundamental for
man businesses," he said. "But they need
to understand that in the future, those
businesses that are not prepared will die."
Farrugia said it was high time to deter-
mine if government should continue to
assist those businesses that would not
survive for more than six months with-
out such direct assistance.
Malta Enterprise CEO Kurt Farrugia asks whether it
makes sense to continue supporting businesses that
are unable to survive for more than six months unless
they change and diversify
Kurt Farrugia
'Plan ahead or die' - Malta Enterprise
CEO's stark warning to ailing businesses
