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€1.50 THURSDAY 2 JUNE 2022 • ISSUE 158 WWW.BUSINESSTODAY.COM.MT PAGE 5 PAGE 3 INTERVIEW PAGE 12 Upskilling of workforce key to sustaining economic growth - Central Bank report Cultural diversity key to success Industrial producer price index for April STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 1 June 2022 Number of Trades: 58 Turnover: €753,669.30 MSE TRX Index: 7,812.459 (Change: +0.963%) Name 4.65% SMF SEC BDS MT0002251214 - Currency € Last Traded 1 June, 2022 Price 103.000 Change +2.000 US Dollar 1.0666 British Pound: 0.85203 Japanese Yen: 135.60 Australian Dollar: 1.5110 Swiss Franc: 1.0270 7,599.81 -6.70 7,639.21 / 7,575.74 Value Net variation High / Low 0.10% smartcare finance plc KURT SANSONE UPSKILLING of the labour force is key to sustaining the fast-paced economic growth of recent years, a Central Bank of Malta report has highlighted. The economy needs a shift in empha- sis towards productivity with upskill- ing being at the heart of this change, according to the labour force analysis. "Upskilling and re-skilling will be- come an even more fundamental prior- ity to recover from the deep economic shock arising from the pandemic es- pecially as certain sectors are likely to be required to invest to adapt to new technologies and survive the digital transition process," the CBM analysts said. The report, The Characteristics As- sociated With the Short And Long- term unemployed in the Maltese La- bour Market', was published in the CBM's second Quarterly Review for this year. Send and receive payments instantly. Create a virtual Mastercard and order a physical one. Trade thousands of stocks, bonds, ETFs and funds. CCTrader is now moneybase. Make money simple. Get started today! Download the app. Investment services are provided through Calamatta Cuschieri Investment Services Ltd (CCIS) C13729 which is licensed by the MFSA. Payment Services are provided by Moneybase Limited (MB) C87193 which is licenced by the MFSA to transact the business of a Financial Institution in terms of the Financial Institutions Act, Cap 376. CCIS and MB are both subsidiaries of the CC Finance Group plc with registered address situated at Level 0, Ewropa Business Centre, Dun Karm Street, Birkirkara, BKR 9034, Malta. Upskilling of the Maltese workforce is necessary to ensure better incomes and the sustainability of economic growth

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