Steward Health Care Malta terminates concession agreement with Malta government

Steward Health Care Malta appeals court verdict and requests European Court of Justice ruling

Mar 16 2023

Steward Health Care Malta (SHCM) has given notice to the Government to terminate the Services Concession Agreement and related contractual framework following breaches of commercial agreements.

A press release distributed by SHCM states that the concession agreement was terminated due to “non-rectifiable defaults on the part of the Government of Malta.” The communication went on to state that “The company believes that the operating environment and investment climate in Malta is not conducive for foreign companies to have a constructive partnership with the Government.”

The concession in question includes the management and operation of St Luke’s, Karin Grech and Gozo General hospitals and the Barts Medical School.

“SHCM and its parent company, Steward Health Care International (SHCI), have operated at all times in accordance with the highest professional standards and values, including a desire for good governance and transparency”, the communication read.

Steward went on to state that the government’s failure to appeal the Civil Court verdict of its ‘corrupt behaviour’ is an admission of guilt and failure in governance.

“SHCI’s exit from Malta will allow the company and its management to focus resources on jurisdictions that are more accommodating to and protective of investors, and more aligned with its high standards.”

Last February, Justice Francesco Depasquale’s ruling stated that there was fraud in three stages of the process. The shareholders of Vitals had already concluded a memorandum of understanding with the government before it published its intention to privatize the hospitals.

In a damning judgment, Judge Depasquale ruled that the Gozo General Hospital, St Luke’s Hospital, and Karin Grech Hospital should be returned to the government due to fraud and the failure to meet targets.

What do you make of this?

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Luck of the Irish! St. Patrick’s celebrations in Malta to enjoy ‘Mainly Sunny’ weather

Mar 16 2023

If you’re planning to celebrate St. Patrick’s Day, there’s good news on the weather front. According to the weather forecast, tomorrow will be mainly sunny with highs of 16 degrees and lows of 11 degrees Celsius.

But what’s even better is that the MET Office is predicting less wind than we’ve experienced in the past few days.

The UV index is expected to be 6, and the MIA website suggests that we can expect sunny conditions for most of the day. This is certainly great news for anyone looking to enjoy St. Patrick’s Day festivities!

So if you’re planning to go out and enjoy a few bevs with your friends on St. Patrick’s Day, you can put your mind at ease and celebrate in the best weather conditions Malta has to offer! Just remember to drink responsibly and don’t drink and drive.

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Here’s how this high tech manufacturing company is empowering its employees to become future starters

Here's how this Maltese tech company is empowering its employees to become future starters

Mar 16 2023

If you weren’t aware already, the global semiconductor company STMicroelectronics is quite a big deal. It serves customers with innovations that make a positive impact on people’s lives.

STMicroelectronics has a huge site in Malta, a world-class assembly and testing plant, which is the Europe’s largest. With a client list including the world’s leading car-makers, automotive tech suppliers and global smartphone & electronics brands, ST’s ever-growing workforce benefits from a variety of perks which empower them as the future starters as they are.

Despite the myriad of HR challenges faced by the local & global employment markets, STMicroelectronics remains as the Malta’s largest private employer with a longstanding commitment to employee retention and satisfaction. It is diverse with workforce comprising about 50 nationalities, and it puts its people at the heart of everything it does. ST gives variety of perks and benefits from free transport, subsidised meals, private health insurance to opportunity to work in ST’s different offices across the world.

ST Malta also has sustainability engraved in its business model and culture. In a nutshell, at ST, sustainability means 3 things:

Create technology for a sustainable world.
Prioritize people and the planet, minimize its overall footprint.
Generate long-term value for all stakeholders.

ST wholeheartedly believes that while they create the technology, the technology starts with YOU. Working at ST means more than just starting a job. It means starting the future. So now’s your chance to be a future starter… get in touch!

#MaltaDaily

Ryanair adds new routes to Germany, UK & Sweden in biggest Malta schedule yet

Ryanair adds routes to Germany, UK & Sweden for biggest Malta schedule yet

Mar 15 2023

In what is Ryanair’s biggest Malta schedule yet, the low-cost airline will cover a total of 66 routes this summer, adding flights to Baden & Memmingen in Germany, East Midlands in the UK and Stockholm, Sweden.

The Irish carrier will conduct over 470 flights per week, with increased frequencies on popular routes like Italy’s Ciampino, Catania and Milan, Spain’s Valencia and Barcelona and Viena in Austria.

Carrying an average 3.5 million passengers to and from Malta each year, Ryanair operates under the subsidiary Malta Air and has an accumulated six aircrafts based in Malta.

Malta Air CEO David O’Brien stated that the airline will offer more travel destination choices whilst still having “the lowest fares in Europe”.

The National Statistics Office reported that 601,701 outbound trips took place in 2022, a step closer to 2019 levels, which saw 706,797 outbound trips.

Send this to your travel buddies!

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