Issue link: https://maltatoday.uberflip.com/i/1397092
4 NEWS 29.7.2021 Melita Business appoints new director of business innovation PTL Ltd appoints new head of software engineering and business applications KENNETH Spiteri has been appointed Director of Business Innovation within Melita Business. Having previously occupied the roles of Chief Ex- ecutive Officer at PTL International Limited and senior managerial roles in the local telecoms and international technology industries, Spiteri will fo- cus primarily on developing new lines of business for Melita Business with a prime focus on Melita's Internet of ings (IoT) offering and its partner ecosystem. Malcolm Briffa, Director of Business Services, said, "Over the recent months we have increased further our focus on Internet of ings with the melita.io brand. Apart from increasing our inter- national reach, we have also added support for new technologies such as LoRaWAN. From connecting Bank ATMs across Nordic countries, to apartment climate control systems across Germany, or waste management solutions in Malta, the demand for innovative solutions is evident. We're very happy to welcome Kenneth to the Melita Business team, and with his experience and expertise we can further develop our service offering and enhance customer experience." Spiteri said, "Melita's focus on developing new services for the business community and the public sector coupled with investments in IoT infrastruc- ture and its own management platform, over re- cent years have created an exciting opportunity for the company to become an industry leader in new connectivity services in Malta and across Europe. Together with the great teams at Melita Business and melita.io, I'm looking forward to developing and implementing new ideas which continue to build on the excellent foundations already in place." For more information about Melita's Internet of ings connectivity offers and platform you may visit the dedicated brand website www.melita.io PTL Ltd, a subsidiary of Harvest Technology plc, has appointed Malcolm Mizzi as new Head of Software Engineering and Business Applica- tions, Mizzi has been working in the IT industry for over 20 years. He started his career as a junior software engineer and has over the years matured in the software engineering field. roughout his tenure, he has been engaged in various projects mostly related to Management Information Solutions including Financial Sys- tems, HR Systems, CMS, Dashboards, BI, Time Recording, Service Management and Mobile Government. His work on these solutions ranged from analy- sis and design, engineering, as well as implemen- tation and maintenance. Mizzi has also been involved in several enter- prise grade integrations, where he combined his acquired technical skills, industry best practices and tools to provide robust and sound solutions. He is highly motivated and possesses effective in- terpersonal skills, which coupled with his techni- cal knowledge, helps him bridge the gap between the technical and business domains. Mizzi also possesses a strong academic knowl- edge – holding a Bachelor of Science with Hon- ours (BSc hons) in Computing from the Univer- sity of Greenwich and Master of Science (MSc) in IT and Management from Sheffield Hallam University. He is also a certified in ITIL Service Management and is AIIM Records Management Master. For more information, visit https://www.ptl. com.mt/ Malcolm Mizzi Malcolm Briffa, Director of Business Services (left) and Kenneth Spiteri, Director of Business Innovation, Melita Business IN its recent strategy re- view, the Governing Coun- cil agreed a symmetric inflation target of two per cent over the medium term. e key ECB interest rates have been close to their lower bound for some time and the medium-term out- look for inflation is still well below the Governing Coun- cil's target. In these condi- tions, the Governing Coun- cil today revised its forward guidance on interest rates. It did so to underline its commitment to maintain a persistently accommoda- tive monetary policy stance to meet its inflation target. In support of its symmet- ric two per cent inflation target and in line with its monetary policy strategy, the Governing Council ex- pects the key ECB inter- est rates to remain at their present or lower levels un- til it sees inflation reaching two per cent well ahead of the end of its projection horizon and durably for the rest of the projection horizon, and it judges that realised progress in under- lying inflation is sufficiently advanced to be consistent with inflation stabilising at two per cent over the me- dium term. is may also imply a transitory period in which inflation is moder- ately above target. Having confirmed its June assessment of financing conditions and the inflation outlook, the Governing Council continues to expect purchases under the pan- demic emergency purchase programme (PEPP) over the current quarter to be conducted at a significantly higher pace than during the first months of the year. Key ECB interest rates e interest rate on the main refinancing opera- tions and the interest rates on the marginal lending fa- cility and the deposit facil- ity will remain unchanged at 0.00%, 0.25% and -0.50% respectively. In support of its symmet- ric two per cent inflation target and in line with its monetary policy strategy, the Governing Council ex- pects the key ECB inter- est rates to remain at their present or lower levels un- til it sees inflation reaching two per cent well ahead of the end of its projection horizon and durably for the rest of the projection horizon, and it judges that realised progress in under- lying inflation is sufficiently advanced to be consistent with inflation stabilising at two per cent over the me- dium term. is may also imply a transitory period in which inflation is moder- ately above target. Asset purchase programme (APP) Net purchases under the APP will continue at a monthly pace of €20 billion. e Governing Council continues to expect month- ly net asset purchases under the APP to run for as long as necessary to reinforce the accommodative impact of its policy rates, and to end shortly before it starts raising the key ECB interest rates. e Governing Coun- cil also intends to contin- ue reinvesting, in full, the principal payments from maturing securities pur- chased under the APP for an extended period of time past the date when it starts raising the key ECB inter- est rates, and in any case for as long as necessary to maintain favourable liquid- ity conditions and an ample degree of monetary accom- modation. Pandemic emergency purchase programme e Governing Council will continue to conduct net asset purchases under the PEPP with a total envelope of €1,850 billion until at least the end of March 2022 and, in any case, until it judges that the coronavirus crisis phase is over. As the incoming infor- mation confirmed the joint assessment of financing conditions and the inflation outlook carried out at the June monetary policy meet- ing, the Governing Council continues to expect pur- chases under the PEPP over the current quarter to be conducted at a significantly higher pace than during the first months of the year. e Governing Council will purchase flexibly ac- cording to market condi- tions and with a view to preventing a tightening of financing conditions that is inconsistent with counter- ing the downward impact of the pandemic on the projected path of inflation. In addition, the flexibili- ty of purchases over time, across asset classes and among jurisdictions will continue to support the smooth transmission of monetary policy. Monetary policy decisions