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BUSINESSTODAY 27 May 2021

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€1.50 THURSDAY 27 MAY 2021 • ISSUE 109 WWW.BUSINESSTODAY.COM.MT PAGE 3 PAGE 3 PAGE 4 PAGE 5 Editorial PAGE 9 EXPLOITING THE SEA FOR FAST TRAVEL PBS asks Abela to launch audit of Eurovision spending over betting claims Farsons reports 64% drop in 2020 profit before tax PAUL COCKS THE COVID-19 Guarantee Scheme was crucial in helping to keep numer- ous businesses afloat during the pan- demic, the chairman of the Malta De- velopment Bank told BusinessToday. Prof. Josef Bonnici said that the scheme was hugely successful in pro- viding a much-needed lifeline for busi- nesses that saw their revenue stream swindle or - in many cases - drop to zero because of the pandemic and the measures introduced to mitigate its ef- fects. Without the scheme, commercial banks would never have been in a po- sition to assist ailing businesses due to financial and business considerations. MDB's COVID-19 Guarantee Scheme proved crucial in keeping businesses afloat PN pledges €50m refund in 'stolen' electricity overcharge Prof. Josef Bonnici

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