9 months ago


your perfect atmosphere

your perfect atmosphere Malta Business Review CONTENTS Issue 39 COVER STORY 6 30 DEEP LEARNING POLITICO DATA AND DIGITIZATION PRO SNAPSHOT Welcome to POLITICO Pro Digitization Insights: Janosch Delcker, POLITICO’s AI Correspondent in Berlin provides unique insights on how big data, AI and automation are changing the world as we know it 34 EDITOR’S BEST PICK OF THE MONTHY GUIDE TO WHAT’S DRIVING BRUSSELS AND THE EU Special Feature brought courtesy of POLITICO and presented by EPP Group: SPD goes full Hamlet - Barnier's Brexit truth serum - Clegg and the Muppets 06 INTERVIEW WITH COLIN GREGORY, MANAGING DIRECTOR, AND EDWARD SALIBA, DIRECTOR AT EQUIOM MALTA A dual interview regarding the latest business acquisition and what this integration process means to Equiom ANALYSIS 10 ANGELA MERKEL’S GOVERNMENT OF LOSERS An exceptional analyses and forecast of German Politics following recent elections INTERVIEW OF THE MONTH 10 12 12 HELLO CODING – WHEN DID YOU GET SO COOL? Zita Petrahai interviews Derek Lo, the co-founder of Py, responsible for over 100,000 downloads on both iTunes and Google Play FEATURES 14 GIG’S 5 YEAR ANNIVERSARY EVENT Host co-founder of Apple and legendary Silicon Valley tech wizard Steve ‘Woz’ Wozniak in Malta 14 SPECIAL FEATURES & INTERVIEWS 40 16 CRYPTOCURRENCY: THE HAIL MARY PASS FOR PEOPLE WHO MISSED THE TECH BOOM Anna Wiener interviews Anthony Pompliano, a venture capitalist who is a leading authority on cryptocurrency 22 2018 MARKS A DECADE OF THE MITA STUDENT PLACEMENT PROGRAMME MBR follows the MITA Student Placement Programme which places students in temporary jobs during the three months of summer 26 GERMANY: ITS GROWTH MOMENTUM Antonella Mercieca charts the unprecedented growth of the German economy OUR GOLDEN PARTNERS 38 THE MOST POWERFUL PASSPORTS IN THE WORD FOR 2018 We follow the most powerful and mobile passport in the world, in the latest edition of the Henley Passport Index 40 VAPING ENTREPRENEUR MEET PEDRO THE MAN BEHIND BIG VAPES John Paul Abela interviews Pedro Camilleri, the 31-year old start-up on a mission to increase a local widespread vaping culture 44 THE GLOBAL SEARCH FOR EDUCATION Impact of Globalization on the North and South Divide 46 UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT United States Tax Act Reforms affect firms holding 50% of global foreign direct investment 50 ONLINE SHOPPING EU Parliament votes to end barriers to cross-border online shopping 4

MALTA BUSINESS REVIEW PUBLISHER MBR Publications Limited OFFICES Highland Apartment - Level 1, Naxxar Road, Birkirkara, BKR 9042 +356 2149 7814 EDITOR Martin Vella TECHNICAL ADVISOR Marcelle D’Argy Smith SALES DIRECTOR Margaret Brincat DESIGN MBR Design ADVERTISING Call: 9940 6743 or 9926 0163/4/6; Email: or CONTRIBUTORS J. P. Abela; Antoine Bonello; George Carol; Harry Cooper; Jean Paul Demajo; Natasha Gowens; Josef Joffe; Antonella Mercieca; Estefania Narrillos; Zita Perahai; Ryan Heath Gediminas Vilkas; Anna Wiener; Charlie Williams;. SPECIAL THANKS CDOI; European Parliament Information Office in Malta; European Parliament, Directorate- General for Communication; European Research Council; HSBC; MITA; MORGEN EUROPA; The New Yorker; OPR; POLITICO SPRL; Politico Global Policy Lab; PKF Malta; Taylor & Francis Group; The Parliamentary Secretariat For Financial Services, Digital Economy And Innovation; C. M. RUBIN; UNCTAD; David Wine. PRINT PRODUCTION Printit QUOTE OF THE MONTH "Many of those most excited about crypto don’t work in tech, and their financial futures are uncertain." By Anna Wiener Disclaimer All rights reserved. No part of this work covered by copyright may be reproduced or copied and reproduction in whole or part is strictly prohibited without written permission of the publisher. All content material available on this publication is duly protected by Maltese and International Law. No person, organisation, other publisher or online web content manager should rely, or on any way act upon any part of the contents of this publication, whether that information is sourced from the website, magazine or related product without first obtaining the publisher’s consent. The opinions expressed in the Malta Business Review are those of the authors or contributors, and are not necessarily those of the editor or publisher. Talk to us: E-mail: Twitter: @MBRPublications Facebook: EDITORIAL Malta Business Review Freedom of speech is a principle that supports the freedom of an individual or community to articulate one's opinions and ideas without fear of retaliation, censorship, or sanction. The term "freedom of expression" is sometimes used synonymously, but includes any act of seeking, receiving and imparting information or ideas, regardless of the medium used. It is an integral part of the fundamental right of freedom of expression, as recognized by Resolution 59 of the UN General Assembly adopted in 1946, as well as by Article 19 of the Universal Declaration of Human Rights (1948), which states that the fundamental right of freedom of expression encompasses the freedom to “to seek, receive and impart information and ideas through any media and regardless of frontiers”. Denying us the basic principle of the right to know, even if this is bound to secrecy by the Court, means that we are accepting to be restricted and reject one of the most significant human right: that of receiving and imparting information. The right of information has been as vibrant in the hearts of marginalised people as it is in the pages of academic journals and in the media. Regrettably, local media are either agenda-bound to serve their master’s voice, or compelled to be massively sanctioned if they report the story as it really is. This is not surprising since food security, shelter, environment, employment and other survival needs are inextricably linked to the right of information. It is more democratic for the media to be available for all and not a commodity to be purchased by a few. This implies that in Malta we are not being allowed to exercise our basic fundamental human rights since we are obstructed and hindered by one kind of excuse or another. It is becoming clear that the right to information has to be legally enforceable and we must campaign to demand more transparency of official records. A social audit of government spending and a redressal machinery for the citizens who have not been given their dues is necessary. Its independent existence as an attribute of liberty cannot be disputed. Viewed from this angle information or knowledge becomes an important resource. An equitable access to this resource must be guaranteed. The right to know is a necessary ingredient of participatory democracy. The right to know is the basic indivisible from a democratic polity. This right includes the right to acquire information and to disseminate it. Right to information is necessary for self-expression, which is an important means of free conscience and self-fulfilment. The attempt of the court in this case should be to expand the reach and ambit of the fundamental right by the process of judicial interpretation. This is the only way to expose graft and punish corrupt officials. Over the past three decades, right to know laws have become one of the most innovative and effective means of protecting the environment and public health. These laws, also known as information disclosure, serve a number of key societal interests. Right to know laws helps to improve the efficient functioning of democracy, of the economy, of the market and of the state. Armed with better information, people can make informed decisions, and press for change. Right to know laws also promote a democratic decision making and the power of ordinary citizens. Equipped with better information, citizens can participate on a more equal footing it regulated entities permitting, land use and other political decisions. Martin Vella Editor-in-Chief Malta Business Review’s editorial opinions are decided by its Editor, and besides reflecting the Editor’s opinion, are written to represent a fair and impartial representation of facts, events and provide a correct analysis of local and international news. Agents for: 5

Luxembourg Business in the New Digital Economy -
National reform programme 2008-2010 Malta - European Commission