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BUSINESSTODAY 19 November 2020

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€1.50 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 PAGE 2 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

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