“COVID-19 has certainly taught us how important it is to have a diverse portfolio of businesses,” writes Douglas Barbaro-Sant, Managing Partner at MI Malta, whose sister company, MI Select, was launched during a tenuous time at the start of the pandemic.
As a destination management company, MI Malta has been operating in the tourism industry for the past 15 years. Mr Barbaro-Sant said that “Whilst retaining our enthusiasm, love and passion for the tourism industry in general we have been lucky enough to embark on building such a new business during the early days of the pandemic.”
Branching into a completely new industry, MI Select specialises in the importation of environmentally friendly and cost-effective solutions for the construction, manufacturing, hospitality and pharmaceutical industries.
Among its services and product offering is the setting up of indoor and outdoor green walls, with a computerised system that regulates irrigation and plant nutrients for minimal maintenance requirements.
“MI Select is growing from strength to strength,” the Managing Partner said. “Couldn’t be prouder of my colleagues at MI Select. Big well done to all involved.”
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The firm describes centi-millionaires as individuals with liquid investable assets of USD 100 million or more.
Revenues increased even though no new taxes were introduced
This strategy includes regular training sessions, workshops, access to skill-enhancing educational materials and a four-day summer work week.
In its review, the MFSA noted a growing range of green products being introduced to meet market demand.