Issue link: https://maltatoday.uberflip.com/i/1497622
2 NEWS 20.4.2023 THE DIZZ group subsidiary D Shopping Malls has regis- tered a €1 million surplus on the sale of a Portomaso Laguna apartment it had acquired for €1.3 million with proceeds of a bond issue. D Shopping Malls said in a company announcement that it had sold the luxury St Julian's address for €2.3 mil- lion, to the tenant renting the apartment – an appreciation of 76% over five years. e apartment had a book value of €2,200,000 and was originally purchased for €1,300,000 in 2018, using over €610,000 of a D Shop- ping Malls bond issue. e €611,000 of the proceeds were allocated to meet the sinking fund requirements of 2024. DIZZ, which runs clothing franchises Terranova, Liu Jo and Calliope, had issued an €8 million unsecured bond, at a 5% interest rate, redeemable in 2026. e bond's proceeds were earmarked for retail franchise acquisitions, roll-out of stores, payments of group debts and loans, and to finance the com- pany's Mriehel hub a new clothing finishing section and a professional kitchen. e retail fashion power- house had also issued €10 million convertible notes pro- gramme to acquire shares in the group's food subsidiaries, which include DK Pascucci, and the Yogorino, Pastrocchio, Salad Box and Nespresso fran- chises. €2.3m Laguna sale for DIZZ nets 76% return AT the MRO Americas 2023 con- ference in Atlanta, Georgia, this week, SR Technics joined with Kuehne+Nagel and Atlas Air, Inc., a subsidiary of Atlas Air World- wide Holdings, Inc. (Nasdaq: AAWW), to introduce "Sustain- able Engine Alliance". Together, the alliance members pledged to set new industry standards for low-carbon aircraft engine supply chains in line with SBTi targets. Representing a wide range of the aviation industry, alliance mem- bers aim to reduce their collective environmental impact by building networks for sustainable engine supply ecosystems and offer port- folio of sustainable services. With its expertise and visibility through- out the entire engine supply chain, the alliance is firmly committed to facilitating low-carbon engine supply chains and taking an ac- tive role in developing best prac- tices. e initial modules include global digital backbone for emis- sion transparency, reduction and avoidance, deployment of sustain- able fuels and engine stand man- agement solutions. e initiative is expected to reduce engine supply chain related scope 3 emissions in line with aviation`s 2050 sustaina- bility targets. Jean-Marc Lenz, Chief Executive Officer at SR Technics states: "Sus- tainability is a strategic pillar of SR Technics' organization and service portfolio. By extending the engine life cycle and delivering best-in- class on-wing performance, SR Technics contributes to the envi- ronmental impact of airline op- erations. We are very pleased to be joining with the leaders in this growing market, and we look for- ward to working with them to pilot this zero-emission journey togeth- er. With Kuehne+Nagel and Atlas Air, we have experienced partners on board who support our major cornerstone in our company de- velopment to sustainable growth in future." Erik Goedhart, SVP Global Head of Aerospace at Kuehne+Nagel, comments: "Collaboration is key to industry-wide improvements in aerospace sustainability. With the "Sustainable Engine Alliance", we will set new standards for respon- sible sourcing and engine trans- portation, while creating further awareness within the industry to minimise environmental impact of engine supply chains jointly. I am confident that together with Atlas Air and SR Technics we will pave the way for future sustaina- bility efforts in aerospace. And we invite other value chain companies to join us". James Forbes, Executive Vice President and Chief Operating Of- ficer of Atlas Air Worldwide said: "We look forward to working with Kuehne+Nagel and SR Technics to accelerate decarbonization in our combined value chain. rough our partnership, we will be de- veloping maintenance and supply chain best practices that will guide us well into the future and help us achieve our environmental stew- ardship goals." SR Technics partners with Kuehne+Nagel and Atlas Air to form 'Sustainable Engine Alliance' Registered full- time employment increased by 8.0 per cent in November 2022 ADMINISTRATIVE data provided by Jobsplus show that, over a period of one year, the labour supply (ex- cluding part-timers) increased by 7.9 per cent, reaching 263,423. is was mainly attributed to a year-on-year increase in the full-time registered employment (19,527) and a decrease in registered unemployment (159). Registered full-time employment During November 2022, administrative and support service activities (NACE 77-82, 4,424) and accommo- dation and food services activities (NACE 55-56, 3,210) contributed mostly to the increase in employment, when compared to November 2021. Registered full-time employment in the private sector went up by 19,860 persons to 211,021. Public sector full- time employment decreased by 333 persons to 51,385. e number of persons registered as full-time self-em- ployed rose by 563 when compared to November 2021, while the number of persons registered as employees in- creased by 18,964. Full-time employment for males and females went up by 8.6 per cent and 7.1 per cent, respectively over 2021 levels. Registered part-time employment Registered part-time employment in November 2022 increased by 6.7 per cent when compared to the cor- responding month in 2021. e sectors that contribut- ed to the overall increase were professional, scientific and technical activities (NACE 69-75, 877) followed by transportation and storage sector (NACE 49-53, 746). e number of part-timers who also held a full-time job amounted to 38,791 up by 9.7 per cent, when com- pared to the corresponding month in 2021. Employed persons whose part-time job was their pri- mary occupation totalled 33,341 up by 3.4 per cent when compared to the same month in 2021.