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BUSINESS TODAY 8 September 2022

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€1.50 THURSDAY 8 SEPTEMBER 2022 • ISSUE 171 WWW.BUSINESSTODAY.COM.MT PAGE 5 PAGE 2 PAGE 3 Bite the bullet: Chamber boss calls for immediate downsizing of civil service MIA passenger traffic topped 700,000 in August Euro area sees Q2 increases in employment and GDP PAUL COCKS GOVERNMENT must bite the political bullet and urgently im- plement a rationalisation process within the public sector to cut down the government's payroll, the president of the Chamber of Commerce told BusinessToday. Marisa Xuereb said that the government must trim the public sector if it is to be in a position to continue to offer essential servic- es, subsidies and carry out major projects in the future. "During the COVID-19 pan- demic, government toted the war chest it had available to offer sub- sidies and introduce measures, such as the wage supplement, to mitigate the effects of the pan- demic," she said. STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 7 Sep 2022 Number of Trades: 53 Turnover: € 387,719.99 MSE TRX Index: 7,720.67 (Change: +0.735%) Name: 5.75% IHI PLC MT0000111295 - Currency € Last Traded: 7 Sep 2022 Price 103.000 Change +2.500 US Dollar 1.0217 British Pound: 0.85227 Japanese Yen: 141.16 Australian Dollar: 1.4814 Swiss Franc: 0.99322 7,470.22 -17.89 7,488.12 / 7,410.40 Value Net variation High / Low -0.24% Marisa Xuereb says private sector could absorb workers made redundant by government As businesses struggle to find people to fill vacancies, Chamber president Marisa Xuereb calls for government to cut bloated workforce

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