MEET THE LEADERS AND DECISION MAKERS OF OUR ECONOMY
THE NEW BEGINNINGS EDITION
OUT NOW!
Business. Lifestyle. Design.
![Building for the common good](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/1691075530370-5OPIOQR4J375S1PBX4M7/spinola-park-demicoli-architects-15.jpg)
Building for the common good
With a significant increase in population and commercial activity in the past decade, there are concerns about the potential harm to the built environment. Ray De Micoli addresses the issue of balancing the demand for new construction projects in Malta with the responsibility to protect the environment and public safety.
![Calamatta Cuschieri sponsors Malta's first Green Bond ](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/1690972524562-K47WGJM1F8YHRMOJPX8A/Capital+Markets+Seminar-1.png)
Calamatta Cuschieri sponsors Malta's first Green Bond
ClearFlowPlus plc, a subsidiary of the Water Services Corporation, announced the issue of Malta's first green bond on Friday, July 21.
![A planning system gone perverse ](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/d8f92dbd-b788-4005-83f0-58d53c52b0e4/Victor+Portrait+2012+Sidelight+Original+3+Small.jpg)
A planning system gone perverse
Victor Paul Borg argues that the perversion of the planning system has led to haphazard developments and a lack of accountability, despite promises of reform from the government. Conflicting policies, a loose interpretation of regulations, and insufficient oversight from consulting entities and the Planning Authority further exacerbate the problem.
![Re-imagining Qormi valley](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/1649251814100-X0SD3RCF4OSNA1O4PT1H/Konrad.jpg)
Re-imagining Qormi valley
The New European Bauhaus Prize is a competition that encourages architects and designers to accomplish projects that are both sustainable and new. Recently, a group of young architects from AP Valletta (including Elena Bajada, Sergio Sammut, and Polyanna Galvao) submitted their proposal for the regeneration of Wied id-Sewda in Qormi. The project shows how urban regeneration transforms neglected areas into thriving, sustainable communities. Konrad Buhagiar and Erica Giusta write about their proposal.
![BUILDING A SUSTAINABLE FUTURE: Exploring the Power of Green Bonds and Incentives for REITs](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/7d0d26b4-91d9-48c3-aec3-e68c6c4da5fb/CSF_3145.jpg)
BUILDING A SUSTAINABLE FUTURE: Exploring the Power of Green Bonds and Incentives for REITs
MONEY interviews Oriana Abela, partner and leader for capital markets at Grant Thornton, who explores the fascinating realm of sustainable financing and the pivotal role of green bonds in shaping a brighter tomorrow for future generations.
![Unveiling the vision](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/9a5feb5b-8a0f-4c10-827c-24ed52e3ffe2/2_darylcauchi__DSC3942+%281%29.jpg)
Unveiling the vision
Giselle Borg Olivier sat down with Chris Vassallo Cesareo, the new president of The Malta Chamber of Commerce, Enterprise, and Industry, to delve into the president's vision for the future, explore initiatives undertaken by The Malta Chamber, and understand how it collaborates with stakeholders, both within and outside the business sector, to address challenges and capitalise on opportunities.
![Disaster strikes: Are we addressing the "elephant in the room" on a local level?](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/4690fb20-2553-4fdd-9498-537de984c3ab/Alex+Torpiano.jpg)
Disaster strikes: Are we addressing the "elephant in the room" on a local level?
While the recent series of small earthquakes may have caused concern among locals in Malta, it's imperative to understand that not all earthquakes are linked, and not all small earthquakes lead to bigger ones. With a vast amount of misinformation circulating the islands in the wake of the Turkey and Syrian earthquakes, Dayna Camilleri Clarke spoke to Prof. Alex Torpiano, dean of the Faculty for the Built Environment at the University of Malta and executive president of Din l-Art Ħelwa to dispel the myths surrounding this hot topic.
![Apple Pay is now available for Moneybase!](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/1689763945993-RTU0KZKUHHACNOCJ9OP9/Moneybase-+Apple+Pay-1.png)
Apple Pay is now available for Moneybase!
Moneybase is proud to announce that Moneybase IOS cardholders can now make payments using Apple.
![MALTA'S ECONOMIC OUTLOOK 2023](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/f3566993-52e5-4fcc-a9a0-8806d9bf091d/Chris+Meilak+2.jpg)
MALTA'S ECONOMIC OUTLOOK 2023
So many are, inevitably, eagerly looking to turn the page and start a new year with renewed optimism and hope for better days. Chris Meilak continues.
![SUPPLY AND DEMAND: IT'S ALL ECONOMICS](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/61a6635e-f5f4-467e-9a17-99a27b2424bd/Tony-Zahra.jpg)
SUPPLY AND DEMAND: IT'S ALL ECONOMICS
The recent carrying capacity survey commissioned by the Malta Hotels and Restaurants Association raised quite a few eyebrows. But MHRA president Tony Zahra told Vanessa Macdonald that it highlighted the need for a clear vision for the tourism industry.
![NURSING THE ECONOMY](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/27ffc108-f419-4076-8c65-9144907da9bd/IMG_7696+%28cropped%29.jpg)
NURSING THE ECONOMY
When the Malta Development Bank was being planned, few could have anticipated the impact its schemes would have once COVID-19 and the Ukraine crisis hit. Its chairman, Josef Bonnici, explains to Vanessa Macdonald how much has been achieved over the past few years.
![A NEW DAWN](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/80a658df-ae46-451f-9c36-d61d61ee9ffe/cover+opt+1.jpg)
A NEW DAWN
Pierre-Etienne Cizeron was recently appointed CEO of Epic. Money caught up with Cizeron to learn more about Epic's new era, growth opportunities, and the importance of customer satisfaction.
![PLACING SPINOLA ON THE STREET ART MAP](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/f6319249-b81b-499a-80d8-b2fbe996f2a7/2D7A4890+cropped.jpg)
PLACING SPINOLA ON THE STREET ART MAP
MONEY met with the anonymous group behind the STJ Canvas, a project to gentrify the island's busiest tourist destination and motivate people to start maintaining their third-party walls.
![LIGHTS, CAMERA, ACTION!](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/1670417837946-UHJ0JUFLI9Y5BRH3C9MO/Screen+Shot+2022-12-07+at+13.56.36.png)
LIGHTS, CAMERA, ACTION!
Giselle Borg Olivier speaks to the husband-and-wife team, Pierre Ellul and Anika Psaila Savona, behind Falkun Films about their upcoming cinema releases, “Carmen” and “War Sailor,” and what it's like to be involved in the film industry on a small island like Malta.
![WHEN UGLINESS BECOMES NORMALISED... THEATRE SPEAKS](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/1670422357841-GEYEX0VBKDLTVOXX1XDJ/Screen+Shot+2022-12-07+at+15.11.37.png)
WHEN UGLINESS BECOMES NORMALISED... THEATRE SPEAKS
Lyndsey Grima talks to Herman Grech, Luke Saydon, and Marta Vella, three playwrights responsible for producing moving productions meant to challenge the audience and the world we live in.
![COMPETING THROUGH SUSTAINABILITY](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/1667573036807-VXYOXQS87WHR27X6MWFJ/Competing+.jpg)
COMPETING THROUGH SUSTAINABILITY
While many companies have some form of sustainable programs and initiatives throughout the year, many lack a more profound consideration of how sustainability can enhance a business model. So what does it take to transform sustainability into a competitive edge in today's business world? Lyndsey Grima asks.
![SEEDGREEN 2.0](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/1662466640587-8BLBNEOP583WA2UFEOOS/1.png)
SEEDGREEN 2.0
Seedgreen 2.0 – An opportunity to fund your sustainable start-up idea and provide a solution to climate change!
![THE ROLE OF REAL ESTATE IN MALTESE SOCIETY](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/1662465361989-CXQKRC9K08HUTOALVTNC/Grahame+Salt_01.jpg)
THE ROLE OF REAL ESTATE IN MALTESE SOCIETY
Frank Salt Real Estate director Grahame Salt shares his overview of Malta’s resilient property market and the Group’s social responsibility initiatives for 2022. He also talks about the company’s plans and strong environmental awareness.
![THERE’S MORE TO BUILDING A SUSTAINABLE BUSINESS THAN GREENWASHING](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/1661435543498-SYN0PEQBIYE5W3XZD9FB/greenwashing-header.png)
THERE’S MORE TO BUILDING A SUSTAINABLE BUSINESS THAN GREENWASHING
The world has had its wake-up moment regarding corporate greenwashing, says Richard Muscat Azzopardi, and the results are that most businesses still don't care about the environment. The idea of a sustainable business is far more attractive than the reality.
![ONLY A CHANGE OF THE GUARD CAN SAVE MALTA’S URBAN AND RURAL ENVIRONMENT](https://images.squarespace-cdn.com/content/v1/5e7b4974b54b2016faf73099/0ac9e39b-7683-46e5-9ddc-c2343526656a/The+Planning+Commission+justified+granting+a+permit+for+a+pool+in+the+area+shown+in+shaded+red+by+referring+to+the+pool+shown+within+the+red+circle.jpg)
ONLY A CHANGE OF THE GUARD CAN SAVE MALTA’S URBAN AND RURAL ENVIRONMENT
We have heard much about the need to change planning policies to protect the country from the destructive, unsightly urban and rural development that has spread like a blight in the past five years. Labour Party figures are among those calling for policy reform, and the government has been hinting that it is currently working on tweaking planning policies. Victor Paul Borg goes on to explain.