Issue link: https://maltatoday.uberflip.com/i/893950
47 Events maltatoday SUNDAY 29 OCTOBER 2017 The new Volvo XC60 launched in Malta GasanZammit Motors Ltd. launched Volvo Cars' latest model, the new XC60 mid-size SUV, during a press event at The Galley in Ta' Xbiex. The new car replaces Volvo's highly-success- ful original XC60, which in the nine years since its launch be- came the bestselling premium mid-sized SUV in Europe with nearly a million units sold glob- ally. The XC60 today represents around 30 per cent of Volvo's to- tal global sales. It's been a remarkable cou- ple of years for Volvo since the launch of the XC90 SUV and now it's the turn of what Volvo calls its '60 cluster' cars, starting with the XC60 SUV. The new XC60 is one of the safest cars ever produced and offers the latest in safety tech- nology, including the new On- coming Lane Mitigation system which uses a steer assist to help mitigate head-on collisions. Volvo's semi-autonomous driver assistance system, Pilot Assist, which takes care of steering, ac- celeration and braking on well- marked roads up to 130 km/h, is available in the new XC60 as an option. Speaking at the Maltese launch of the new XC60, Manfred Galea, Volvo's Brand Manager at GasanZammit Motors Ltd. said, "Undoubtedly the new Vol- vo XC 60 is a practical Swedish five-seater SUV, where hybrid technology is natural and where every drive is a pleasure. Moreo- ver, it offers strength, style and a level of quality and comfort." The XC60 is the fourth model based on Volvo's in-house devel- oped SPA vehicle architecture, following the introduction of the top-of-the-line 90 series in recent years. The SPA-related investments in Sweden have had positive effects on employment at the company, as thousands of new jobs have been added in production, research & develop- ment, and other areas. The new XC60 will be launched with the diesel D4 engine at 190hp and will follow with Volvo's award-winning T8 Twin Engine petrol plug-in hy- brid, delivering 407hp and hav- ing an acceleration from 0-100 Km in just 5.3 seconds. Volvo is set for another record year of sales in 2017, as the new XC60 is now being made available on the market, including Malta, thanks to Gasan Zammit Motors Ltd. The Shoreline presents an outward looking position via its website The Shoreline has launched its new website – www.theshoreliner- esidence.com, offering a compre- hensive look at the €200 million mixed-use project located in Smart- City Malta, and including key pro- ject features, unit availability and a property search engine. The official website of The Shore- line is an ideal destination for pro- viding information about the des- tination, offering no less than 450 apartments enjoying a Specially Designated Area Status (SDA). This provides significant potential and added value to foreign investors who may be interested in acquiring mul- tiple apartments for resale or rental at The Shoreline. "The Shoreline's positioning on the island is outward looking. This is reflected in our new website which is set to serve as a window to the di- verse domestic and international at- tention the project is attracting with Phase I apartments sold according to our sales schedule," said Steve Carter, managing director at The Shoreline. A useful resource for prospective investors to property agents to fu- ture vendors, the convenient navi- gation offered by this website allows visitors to easily and always find the latest news and updates about the development. In addition, non- Maltese visitors will find a wealth of information about Malta and the historical and social context. The new website for The Shoreline is a useful resource for prospective investors Simon Mamo Real Estate offering Alpina Chalets for sale in Bansko, Bulgaria These clusters of 1st class villas are situated at the top ski resort in Bulgaria 400 metres from the cable car. The international crisis is over and as is common practice house prices are rising throughout Europe. Bansko, the number 7 top- ranked ski resort in Europe, is on the rise as well. With three connecting f lights weekly from Malta to Sofia which are only two hours long and with a pick- up service from Sofia to the chalet, you can be in your new home living the dream in style the same morning of departure. The houses are being sold with maintenance and cleaning agreements set up so you don't need to lift a finger. The project is managed locally to ensure first class finishes including underf loor heating. It is one of the only villas in the centre of Bankso for sale. Simon Mamo Real Estate will be teaming up with BOV and ROCS group. BOV shall be present at the open weekend as they are willing to offer loans on purchases whilst ROCS group are so impressed they are also offering the houses to their clients. This will enable you to generate income meaning you will have the home in the mountains you always dreamed about whilst still making a sol- id return on your investment! An open weekend is being held at the Corinthia Marina on the 25 and 26 November 2017 from 10am till 8pm. For more information about this exciting new project check out http://alpinachaletbansko.com/ en_US/ PKF attend Banking and Corporate Management conference PKF's senior partner George Mangion recently attended a two- day Banking and Corporate Man- agement conference organised by CPH Conferences at the President hotel in Budapest, Hungary. During the conference the pri- mary focus was about the latest tax and compliance updates with particular emphasis on Brexit, the 4th Anti-Money Laundering Directive, BEPS (Base Erosion and Profits Shifting), CRS and CFC. The 4th AML Directive was first drafted on 25 June 2015 while its full implementation was done a year later. This directive places due care and attention by service providers to possess full details on the ultimate beneficial ownership and in certain cases even enhanced customer due diligence (CDD). The Directive introduced an expanded defini- tion of a politically exposed per- son (PEP) and this now includes a wide spectrum of associated persons. The event emphasised the importance that each service provider should use the Com- mon Reporting Standard (CRS) and implement common due dili- gence procedures. In the afternoon an interactive workshop was held where del- egates were asked for their opin- ion concerning the future of the financial industry in the light of new regulatory and disciplinary measures contemplated in the 5th Directive. An interesting debate ensued which featured new as- pects of how the industry is hop- ing to ensure that full attention is given to guard against infringe- ments to the directive, while others commented that such ad- ditional measures will create ad- ditional cost burdens and may slowdown new business. The conference came to an end with a Gala dinner which was held at Spoon The Boat restau- rant on the picturesque Danube river. On the second day delegates were regaled with a tour of his- torical places in Budapest. Industry specialists discussing future regulatory developments