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E-Scooter Rentals Banned From Today as €150 Grant Comes Into Effect

E-Scooter Rentals Banned From Today as €150 Grant Comes Into Effect
Mar 1 2024 Share

As of today, Malta has officially prohibited the use of rental e-scooters on its roads.

In conjunction with this new regulation, the Transport Ministry has announced a supportive measure to encourage individual ownership of e-scooters. A government grant of €150 will now be available to assist individuals in purchasing their own e-scooters. This initiative was first introduced by Finance Minister Clyde Caruana during his budget speech in October, highlighting the government’s commitment to promoting environmentally friendly transportation alternatives.

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Transport Minister Chris Bonett took to Facebook this morning to affirm the government’s pledge, stating that the promised €150 grant is now accessible. This financial incentive is part of the government’s broader strategy to encourage the adoption of sustainable transport options.

By offering the grant, the government aims to make it more appealing for residents to consider alternative, eco-friendly modes of transportation.

Would you consider getting an electric scooter?

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Corradino Building Collapse Site to Become Garden Named After Jean Paul Sofia

Corradino Building Collapse Site to Become Garden Named After Jean Paul Sofia
Mar 1 2024 Share

In a recent announcement in Parliament, Minister Silvio Schembri has shared plans to transform the site of a tragic incident into a public garden, commemorating the life of 20-year-old Jean Paul Sofia.

Sofia’s life was abruptly ended in 2022 when a building collapse claimed his life. The decision to convert the site into a garden is a tribute to the young man and aligns with the wishes of Sofia’s mother, ensuring her son’s memory is preserved in a meaningful way.

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Minister Schembri has taken it upon himself to oversee the transformation of this site into the Jean Paul Sofia Garden. He highlighted the importance of concluding the legal procedures promptly so that the work on the garden can commence.

This gesture is not only a significant way to remember Sofia but also serves as a healing symbol for the community affected by the tragedy. The creation of the garden aims to offer a place of solace and reflection, honouring the memory of Jean Paul Sofia in a serene and respectful manner.

Prime Minister Robert Abela announced on social media that the public inquiry report into the death of Jean Paul Sofia has been received and that the proceeded to publish it immediately. 

‘We are willing to continue reforming the construction sector and carrying out the inquiry’s recommendations’, wrote the Prime Minister.

Since the publishing of the public inquiry, five individuals have been dismissed or resigned, including OHSA chair David Xuereb, Malta Enterprise Deputy Chair Peter Borg and Malta Enteprise board members Victor Carachi and Paul Abela.

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IZI Group Registered 61% Year-On-Year EBITDAR growth

Mar 1 2024 Share

IZI Finance plc, the financing and holding company of IZI Group announced yesterday its half-yearly results for the period July – December 2023.

The Group announced a 26% year-on-year revenue growth. The Group has seen an increase in revenue across all its business operations, most notably the National Lottery. The results which are in line with the Group’s expectations generated EBITDAR of €12.6 million for the 6-month period, an increase of 61% when compared to the same period last year.

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The achievements obtained in the first half of FY2024, reflect a significant increase in revenue, brought about by the effectiveness of the strategic initiatives adopted, the robustness of the business model and the team’s unwavering commitment and dedication.  This improved performance underlines the Group’s commitment to deliver value to its shareholders through its focus to grow revenues across all its business units.

The Group is now entering into a new phase within which it will amplify its efforts to attain operational efficiency and cost management, with the aim to improve further the margins across its business units.

Commenting on the results obtained, the newly appointed Chief Financial Officer of the Group, Mr. Chris Fenech, said that the financial results are very encouraging and augur well for the remainder of the fiscal year. “The positive trajectory of our fiscal performance has garnered increased confidence in the Group’s prospects. Our efforts across the diverse business units have been well received by our customer base enabling us to strengthen our foundation and market position. We look forward to the implementation of various other initiatives in the coming months. Our focus continues to be on cost optimisation and efficiency, innovation through the deployment of new technology, customer satisfaction and driving long-term value for all stakeholders.”

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Hermanos Burgers Win First Edition of Malta Daily Food Awards

Hermanos Burgers Win First Edition of Malta Daily Food Awards
Feb 29 2024 Share

Hermanos Burgers has been crowned the inaugural winner of the Malta Daily Food Awards, an exciting new project shining light on some of Malta’s favourite food spots, with the first edition focusing exclusively on burgers.

 

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Amidst stiff competition and the fervent support of their loyal fanbase, Hermanos Burgers emerged victorious, securing the top spot after receiving hundreds of votes from burger lovers across Malta.

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The Malta Daily Food Awards set out to highlight the best of local cuisine, starting with one of the world’s most beloved foods: the burger. Numerous burger joints from across the island were nominated, showcasing the diversity and quality of Malta’s burger offerings. However, it was Hermanos Burgers that captivated the hearts and appetites of voters, earning them the title of Malta’s top burger joint in this inaugural event.

Readers and food aficionados are encouraged to keep an eye on Malta Daily’s social media platforms for a comprehensive breakdown of Malta’s top burger destinations, as determined by this competition. Additionally, the announcement signals the beginning of a series, with more episodes of the Food Awards to look forward to. This initiative not only celebrates the culinary achievements of local businesses like Hermanos Burgers but also fosters a community of food lovers eager to explore the best that Malta has to offer.

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