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BUSINESSTODAY 14 July 2022

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€1.50 THURSDAY 14 JULY 2022 • ISSUE 164 WWW.BUSINESSTODAY.COM.MT PAGE 5 PAGE 3 PAGE 3 'A VERITABLE NIGHTMARE' Employers face administrative hell with new leave regulations MIA records busiest month since October 2019 Malta subsidiary of Israeli spine- surgery firm announced PAUL COCKS IT is imperative that a centralised system for keeping a record of parental leave uti- lisation is introduced since new regula- tions introduced by the government this week could very well prove to be 'a veri- table nightmare' for employers, the Malta Chamber of Commerce, Enterprise and Industry is insisting. Chamber president Marisa Xuereb told BusinessToday that employers will be hard-pressed to keep track of parental leave taken by each parent unless a cen- tralised system is put in place, to be ad- ministered either by JobsPlus, DIER or the Maternity Leave Fund. STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 13 July 2022 Number of Trades: 70 Turnover: €1,029,100.49 MSE TRX Index: 7,861.860 (Change: 0.342%) Name 4.25% BDPH SEC MT0002121201 - Currency € Last Traded 13 July, 2022 Price 101.990 Change +1.490 US Dollar 1.0087 British Pound: 0.84629 Japanese Yen: 138.54 Australian Dollar: 1.4865 Swiss Franc: 0.98625 7,177.93 -31.37 7,209.86 / 7,104.06 Value Net variation High / Low -0.44 Malta Chamber says a centralised system is urgently needed to help track parental leave take- up as new laws come into force next month Malta Chamber President Marisa Xuereb

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