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BUSINESS TODAY 29 September 2022

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€1.50 THURSDAY 29 SEPTEMBER 2022 • ISSUE 174 WWW.BUSINESSTODAY.COM.MT PAGE 5 PAGE 2 PAGE 3 Common vision for tourism needed as receptive capacity outpaces demand - MTA CEO Ponte stops winter service to Sicily Abela: MSE crucial for climate-neutral economy PAUL COCKS MALTA'S tourism sector is cur- rently operating in highly com- petitive times in situations where receptive capacity is expanding at rates which are outpacing de- mand, the CEO of the Malta Tourism Authority has claimed. Carlo Micallef said that sustain- ability pressures are pitting all forms of economic activity against the higher ideals of protected rec- reational space and well-being, arising from a growing need for an improved work-life balance. "ere are also domestic chal- lenges, which are compounded by a complex world in which we face competitors not constrained by many of the limitations we face, including size, density, lack of resources, import-depend- ence, distance from source mar- kets, insularity, dependence on aviation and the highly regulat- ed European operational frame- work which some of our larger Mediterranean competitors find themselves exempted from," he said. STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 28 Sep 2022 Number of Trades: 56 Turnover: € 369,518.66 MSE TRX Index: 7,746.77 (Change: -0.511%) Name: 3.65% IHI PLC MT0000111337 - Currency € Last Traded: 28 Sep 2022 Price 97.000 Change +1.500 US Dollar 1.0217 British Pound: 0.85227 Japanese Yen: 141.16 Australian Dollar: 1.4814 Swiss Franc: 0.99322 6,985.27 -6.06 7,001,99 / 6,836.28 Value Net variation High / Low -0.01% Do you want to earn more? 1.5% p.a. Fixed-term deposit account in Euro for 3 years. MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority under the Banking Act (Cap. 371). The Bank is a participant in the Depositor Compensation Scheme established under the Maltese Laws. Rate is quoted gross of tax on a per annum basis. Accounts can be opened with a minimum of €100. Interest is paid into a savings account. Terms and Conditions apply. O‹er is for a limited time only. → direct Limited time oer 2557 4400 medirect.com.mt

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