www.business365iom.co.uk | JULY 2020 ISSUE INVEST WITH YOUR HEAD AND YOUR HEART How RL360 is championing responsible investing For life’s financial journey www.rl360.com RL360 is part of COVID19 CASTLE MONA B365 FEATURE: HOUSEHOLD RESTORATION WELLNESS AT WORK INCOME SURVEY PLANS It’s a topic that many companies have started taking seriously. The reasons aren’t entirely A survey has been launched by Isle of Man Tevir Group has submitted plans for the first altruistic though, because – in purely financial Government Economic Affairs Division, phase of the restoration of the Castle Mona terms – looking after the health and wellbeing to help further understand the impacts of Hotel. The proposed works are detailed within of staff increases efficiency and improves staff the coronavirus (COVID-19) pandemic on three planning applications and three registered retention. people in the Isle of Man. building applications. THE ISLE OF MAN’S ONLY DEDICATED BUSINESS MAGAZINE NEWS | COMMENT | INSIGHT | PEOPLE | MOVEMENTS | FEATURES | TECHNOLOGY | HEALTH ProtectProtect youryour businessbusiness Secure offshore email, archiving & security awareness training services Inside your organisation Educate employees to recognise threats and use best practice security policies with effective online security training programs. At your perimeter Protection from inbound phishing, malware and spam attacks whether in the office, at home or mobile. Contact Us business.sure.com July CORONAVIRUS HOUSEHOLD IMPACT 5 SURVEY LAUNCHED A comprehensive round-up of the latest business news ProtectProtect youryour covering all sectors within the Isle of Man’s diverse and FIRST LOOK AT CASTLE MONA dynamic business environment. 6 RESTORATION PLANS PDMS ENHANCES MARITIME Expert comment from leading figures within the 10 EXPERIENCE businessbusiness business community, on a variety of topical issues across a range of sectors. FOOD SECURITY – LAXEY GLEN MILLS Secure offshore email, archiving 12 ON THE FRONT LINE Looking at the people who keep the wheels of TRANSFORMATION OF HEALTH AND commerce turning on the Island; features, profiles, 13 CARE MOVES FORWARD & security awareness achievements and stories with a human dimension. IMPACT OF COVID19 ON ECONOMIC training services 16 SUBSTANCE Who, what, where – a comprehensive appointments section keeping you abreast of all the movements within WELLNESS AT WORK – A SPECIAL the business community. B365 FEATURE Inside your organisation 17 Educate employees to recognise LifestyleHELPING YOU MAKE THE MOST OF WORK AND PLAY Lifestyle threats and use best practice Living a full and productive life is all about finding the right INVESTING THROUGH VOLATILE security policies with effective balance between work and play. Here at B365 we know 22 TIMES the importance of both. Our new lifestyle section will online security training include regular topics covering travel, motoring, property, Living a full and productive life is all about fi nding the right balance between work and play. Here at B365 we know the importance of both. Our new lifestyle section covers topics IGNORING INFLATION WOULD including travel, motoring, property, health, sport and leisure. health and leisure. programs. B365 – bringing a bit of balance into your life! BE FOOLISH IN THE EXTREME – 23 INVESTOR’S DIARY WITH PETER SHARKEY Exactly what it says on the tin – news snippets, forthcoming events and information from the business world. ANOTHER FIRST FOR ONLINE BETTING 29 PIONEER At your perimeter BUSINESS365 IS PRINTED & PUBLISHED BY MANNIN GROUP BRINGING YOU THE BUSINESS Protection from inbound This publication is printed on a Heidelberg SpeedMaster SX74 5 colour lithographic printing press on carbon balanced paper which is produced at one of the world’s Business365 evolved from Mannin Group’s highly successful, market leading publication, Money phishing, malware and spam most environmentally advanced paper mills ensuring it’s ultra clean and friendly to the Media. The new title embraces and builds on the ethos of its predecessor offering an all-embracing attacks whether in the office, environment. look at all sectors of the Isle of Man’s vibrant business community. Business365’s incisive editorial at home or mobile. reflects the Isle of Man’s standing as an international business centre of repute, and its modern, stylish presentation makes the magazine the first choice for industry leaders and professionals. In keeping with its position as the Isle of Man’s premier business publication Business365 enjoys an extensive distribution network. The magazine is delivered by post to all Isle of Man business addresses and is widely available in dispensers at the airport and the sea terminal in Douglas. tel: 01624 696565 | mail: [email protected] Should you require further copies of the magazine, please call (01624) 696565. To whom all matters relating to editorial should be addressed. Articles may be submitted for publication at the publisher’s Contact Us discretion. All items contained in this publication are the copyright of the publishers and may not be reproduced without the permission of the publishers. The publishers take no responsibility as to the veracity of statements or claims made by business.sure.com advertisers or outside contributions. comments Business365 offers a view on a topic e ou s or issue of the day. You can also log onto our dedicated website and express your opinion... Onwards and upwards... June will be remembered as the month we saw the Cloud of Covid 19 lifting from our lives, and when the Manx economy rose from its enforced slumber. here will be positives and negatives through an impressive overall ‘team effort’ the have managed to adapt their working models to to be gleaned from the Coronavirus Island has defeated the first wave of coronavirus survive through a long and difficult phase. experience. We can’t forget the 24 earlier and more effectively than many of us had T There will be difficult times ahead. When the people who tragically lost their lives as a result of thought possible. government’s MERA scheme and others come the Pandemic, and the families whose lives have We have also witnessed a resurgence of to an end companies that have relied on them been turned upside down. There are others who community spirit and togetherness – important will suddenly have to find the money to pay have lost their livelihoods and face a difficult and qualities that must be retained and nurtured if employees, in some cases long before their challenging period to get back on their feet. we are to turn the economy around and put the businesses are fully functioning - post pandemic. From an economic perspective dealing with the Island back on track for future prosperity. It is possible, indeed likely, that some will not crisis has been horrendously expensive and survive and the Island’s jobless total could rise We have seen the Health Service at its best, and has blown a massive hole in the government’s even further. the huge wave of public support for all the front finances, at a time when the outlook was starting line staff and carers within the service, will give How government performs post pandemic is to look rosier than at any point in the past decade. NHS workers a much needed morale boost after as critical as how it dealt with the crisis. After a But there are positives from the Covid a number of difficult years. period of understandable self-congratulation experience that mustn’t be overlooked. The and elation the work must continue with the We have also seen companies across all sectors Government – and in particular the council same focus and determination. demonstrate flair and flexibility in the ways they of Ministers - has succeeded in getting the people of the Isle of Man back on board. Their handling of the crisis has, with a few exceptions, We have also witnessed a resurgence of community been strong, determined and focused. Howard Quayle and his team have forged their own path spirit and togetherness – important qualities that must based on the needs of the Isle of Man, and have be retained and nurtured if we are to turn the economy not blindly followed the bungling route taken by the UK. Their efforts have been supported and around and put the Island back on track embraced by the people of the Isle of Man, and for future prosperity. ADVERTISING EDITORIAL Sales: Sarah Ashall Editor: Simon Richardson T: 01624 696556 T: 01624 696590 Business365iom E: [email protected] E: [email protected] The Business365 team is mainly working from home now because of the Coronavirus epidemic, but we will be keeping readers updated on news and information via our website at www.business365.co.uk A comprehensive round-up of the latest business news covering all sectors within the Isle of Man’s diverse and dynamic business environment. CORONAVIRUS HOUSEHOLD IMPACT SURVEY LAUNCHED A survey has been launched by Isle of Man Government Economic Aff airs Division to help further understand the impacts of the coronavirus (COVID-19) pandemic on people in the Isle of Man. he Coronavirus Household Impact Survey, however our Island will continue to be aff ected for which is being conducted by the Cabinet some time to come. Offi ce on behalf of Treasury and the T ‘This survey will help us to consider more medium Department for Enterprise, aims to collect data on term responses and how best to support households the ways in which coronavirus has infl uenced life at this time. We would encourage everyone to spare in the Isle of Man, including areas such as current 10 minutes to complete the short questionnaire, and and future spending, employment and household thank people in advance of their participation.’ fi nances. The confi dential results will be used by Isle Individuals are asked to complete the survey as of Man Government to contribute to the formulation soon as possible by visiting https://www.gov.im/ of schemes to support residents and businesses in about-the-government/departments/cabinet-offi ce/ the future.