Malta, Singapore Eye Closer Business Ties

A few decades ago Singapore emulated Malta’s business strategy and today Malta should look up to Singapore’s success. But in a twist of fate, companies from the Far Eastern state are looking at business opportunities with Malta, Prime Minister Joseph Muscat said yesterday.

Dr Muscat was speaking during a visit to Attard and Co Ltd’s premises in Marsa. Attard and Co is seeking to participate in a number of public-private-partnerships to provide its services for CHOGM, V18 and Malta’s EU Presidency. Dr Muscat expressed satisfaction at the ever growing commercial ties between the two countries. “Malta and Singapore are two sides of the same coin. We are both small states in proximity of huge markets and we can provide value added services. We need to be the land of opportunity and equality. We are European but we also need to focus on other parts of the world.”

Representatives of Hong Kong based IAG-Pacific Group and Singapore based Six Capital were present for the event. IAG-Pacific Group Pte Ltd is a leading Corporation, managing, financing, and owns oil and gas assets and currently manages and owns a regional portfolio of fourteen oil tankers/barges in the Asia-Pacific basin. Six Capital is a centre of excellence for foreign exchange (FOREX) trading and training. Six Capital is working with Malta Enterprise and aims to train Maltese people in FOREX trading and give them work opportunities in Shanghai.

Attard and Co has established strong commercial links with Asian and MENA countries through its Sino European Commercial Centre, which is a platform to connect business opportunities between Asia, the EU and the Middle East and North African regions. Tourism Minister Karmenu Vella, Social Dialogue Minister Helena Dalli and Parliamentary Secretary for Competitiveness and Economic Edward Zammit Lewis were also present for the event.