Issue link: https://maltatoday.uberflip.com/i/1506723
4 NEWS 31.8.2023 FROM PAGE 1 While most businesses suffer from a lack of accessibility for customers while road works are being carried out, these dis- ruptions also cause problems regarding logistics, where un- loading for instance, becomes a logistical nightmare. Earlier this week, Mosta res- taurant Ta' Marija filed a judi- cial protest against the Mosta local Council, Infrastructure Malta, Transport Malta, Car- mel Vella Ltd and the Malta Tourism Authority, citing in- competence in the design and execution of road works. e owners of the restaurant claim that the business is losing be- tween €3,000 and €5,000 a week because of this. e owners had claimed that Mosta mayor Chris Grech and Infrastructure Malta forced them to take down a terrace set up in the parking lot across from the restaurant so that they could carry on with the works. e owners emphasised that they had obtained the required permits for the structure's in- stallation, which cost over €25,000, but when they ap- proached the mayor for an es- timated completion date, they received no response. ey stated that the "irre- sponsible behaviour" of the parties participating in the project resulted in significant financial losses as a result of customers refusing to eat at the restaurant due to the dust, noise, and annoyance created by the nearby construction. e restaurant owners claimed that because the work has not been finished to this point, they are unsure of when or even if they would be able to reinstall the patio. Never-ending road works are leading businesses to Court seeking compensation Air Malta expands Milan operation with three weekly services to Malpensa AIR Malta has announced the expansion of its Milan operation with the addition of three weekly services to and from Milan Malpensa Airport. Effective October 29, 2023, Air Malta will operate ten weekly services between Malta and Milan for the Winter season 23/24. The Milan Linate service will continue to operate as a daily service, while the Milan Malpensa services will operate on Friday, Sunday, and Monday. Flights will be operated with a two-cabin configuration, offering Business and Econo- my services, utilising a 180-seater A320 Neo aircraft. The new services will be operated as flight KM630 from Malta to Milan Malpensa on Mondays, Fridays, and Sundays, departing at 11:30 am and arriving at 1:30 pm. The return flight, KM631, will depart Milan Malpensa at 2:20 pm and arrive in Malta at 4:20 pm. With the addition of three weekly services on Milan Malpensa, Air Malta is making it easier for passengers to travel to and from Milan, one of the most popular destinations in Europe, as well as offering increased op- portunity for customers to connect to and from onward destinations with partner air- lines. MAPFRE MSV Life has launched a second tranche of its latest insurance-based invest- ment product, the Guaranteed Capital & In- come Plan 2026 II. e Guaranteed Capital & Income Plan 2026 II is a single contribution investment, linked to FONDO NARANJA GARANTIZADO 2026, FI , a fund managed by MAPFRE AS- SET MANAGEMENT, SGIIC, S.A. and is de- signed to distribute three payments equivalent of 2.85% of the initial contribution and repay the initial contribution at maturity. ese dis- tributions, along with the initial investment amount, are guaranteed by MAPFRE In- versión SV, SA, provided that the plan is held to maturity. e Guaranteed Capital & Income Plan 2026 II has a fixed duration of 3 years with the in- vestment commencing on 28 September 2023 and maturing on the 28 September 2026, mak- ing it an ideal investment product for the wider market, particularly those who seek a predict- able income stream and capital preservation. Customers can apply for this Plan with a minimum investment of €5,000 from any MAPFRE MSV Life Office as well as from in- surance intermediaries of MAPFRE MSV Life. Further information can be obtained from the MAPFRE MSV Life website at www.mapfre. com.mt. Subscriptions for the Guaranteed Capital & Income Plan 2026 II open on the 4th Septem- ber and close on the 18th September 2023 or earlier if the offer is fully taken up. Commenting on this new investment oppor- tunity, Etienne Sciberras, CEO of MAPFRE MSV Life said: "Following the excellent re- sponse we had last May when we launched the Guaranteed Capital & Income Plan 2026, we are delighted to launch the second tranche of this investment opportunity to our customers and to the Maltese market." MAPFRE MSV Life p.l.c. launches second tranche of the Guaranteed Capital & Income Plan 2026