MDB issues new scheme with revised collateral requirement after the Malta Chamber of SMEs highlights difficulties
23 September 2020
Following problems flagged by members on accessing the MDB loan scheme, the Malta Chamber of...
this session Prime Minister Joseph Muscat said that more than €200 million was
spent on online shopping last year highlighting the need for Maltese businesses
to become more consumer-centric.
that although the country's finances were on the right track and employment was
on the increase, retail trade was down. This was because, as statistics for
2013 on online trade showed, people were buying their goods online.
trade is underestimated in national statistics. It is an illusion to introduce
some form of tax on this apart from being illegal. But this shows how the time
of middlemen is over. Nowadays people are doing things themselves. Local
businesses have to go for a customer-centred approach, offering a better
after-sales service," he said.
Fenech on this regard was pleased that Dr Muscat sympathised with the problem
caused by online trading. He also expressed that the problem with the retail
trade is that these business owners are engulfed within their business which
has caused them not to observe the big shift to e-commerce. It is essential
that discussions at a national level are organised to assist this sector to
reposition the way business is executed.
Fenech also mentioned that before the MEP election, GRTU appealed to the MEP
candidates that it is important that MEPs get in contact with the organisation
to discuss issues that are affecting SMEs. Since then Mr Fenech was pleased to
announce that MEPs from both sides of the political parties have met with GRTU.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).