Issue #173 - Midweek
Transcription
Issue #173 - Midweek
€0.50 WEDNESDAY EDITION WWW.MALTATODAY.COM.MT WEDNESDAY • 21 JULY 2010 • ISSUE 173 • PUBLISHED EVERY WEDNESDAY AND SUNDAY OPINION Tricked back to Tripoli Anna Mallia pg12 pg 10-11 Reptilian rhapsody pg5 Billboard blunder • Maltese, Libyan patrols agree to ‘share’ Somali asylum seekers in distress at sea • UNHCR questions AFM’s claim that some had ‘chosen’ to be returned to Libya • Migrants in Malta insist the others were tricked into thinking they were going to Italy • Government refuses to release any details on unprecedented joint operation FULL STORY PAGE 2 Business Today Chamber, MHRA insist Vince Farrugia ‘does not represent us’ UNCOVERED AT LAST 86% of all applications for MIH bond issue to be met in full FinanceMalta at Geneva trusts conference Government announces €150 million stock issue Pensions reform: a nation’s tale Ireland, Greece manage to raise € billions Page 64 PAGE Euro rises above US$ 1.30 Newspaper post Revealed for the first time since 1942: preparatory works for the Valletta Regeneration Project ‘raise the curtain’ on the floorplan of Edward Middleton Barry’s celebrated Royal Opera House, almost 70 years after its destruction in WW2 FREE INSIDE 2 News maltatoday, WEDNESDAY, 21 JULY 2010 UNHCR questions AFM’s claim of ‘voluntary repatriation’ of Somali migrants to Libya KARL STAGNO-NAVARRA THE United Nations High Commission for Refugees (UNHCR) has expressed serious doubts regarding the Armed Forces of Malta’s claim that 27 Somali migrants, returned to Libya during a joint Malta-Libya rescue operation on the high seas last Saturday night, had accepted to return to Libya of their own accord. In a statement issued yesterday, UNHCR stressed that it was “highly unlikely that people who have taken great risks to leave would choose to board a ship if they were aware that it would be returning them to Libya.” The 27 migrants were part of a boatload of 55 asylum seekers – all Somalis, including women and children – who made a distress call after finding themselves in difficulty some 44 nautical miles south of Malta. The AFM dispatched a patrol boat to intercept the migrants, but found that a former Italian ‘Guardia di Finanza’, flying under the Libyan flag, had arrived at roughly the same time. In an operation which remains shrouded in mystery, 28 of the migrants were brought to Malta by the AFM, while the remaining people on the dinghy were picked up by the Italian vessel and returned to Libya. In a statement, the UNHCR said yesterday that it has not received any detailed information from either government or the AFM about the rescue operation, and it is not clear why the 55 migrants rescued from a sinking dinghy 44 miles south of Malta were divided into two groups, one of which was brought to Malta and the other sent back to Libya. In a written reply to a series of questions made by MaltaToday, the only comment an AFM spokesman would make was: “the 27 migrants voluntarily embarked onboard the Libyan vessel.” UNHCR has meanwhile expressed concern over the fate of the migrants who were returned to Libya. The humanitarian organisation recalled that Libya is not a signatory to the 1951 Refugee Convention, and it does not have a national asylum system in place. “UNHCR was recently asked to cease activities in the country, and although discussions are under way to agree on future operational arrangements in Libya, at this point there are limited possibilities Misratah Detention Centre, Libya (Photo by Gabriele del Grande) for the office to intervene on behalf of individuals who may be in need of protection.” The Armed Forces of Malta broke a 48-hour silence since Saturday and replied to MaltaToday at 21.15pm on Monday, saying that the remaining migrants had ‘voluntarily’ opted to return to Libya. However, MaltaToday has managed to speak to two of the migrants who were brought to Malta and are being held in detention in Safi. The two - both Somali nationals - claimed that they never knew the rest of their friends were taken back to Libya. In broken English, the migrants explained that when the patrol craft came to their rescue, they were led to believe there was not enough space for everyone on the Maltese boat and the others were told to jump onto the other. “They spoke Italian, and we believed they were going to Italy,” one said, expressing shock at the news that the rest of their friends were taken back to Libya. MaltaToday is reliably informed that the Libyan flagged vessel that took aboard the 27 men and women back to Tripoli was in fact a former Italian ‘Guardia di Finanza’ patrol craft, recently donated by the Italian government to the Libyan government as part It is highly unlikely that people who have taken great risks to leave would choose to board a ship if they were aware that it would be returning them to Libya – UNHCR of the ‘Treaty of Friendship, Partnership and Co-operation’ signed in August 2008. Moreover, reliable sources have informed MaltaToday that the crew on board was reportedly ‘Italian speaking’ as part of the same agreement. Questions are now being raised as to the possibility that the migrants had been ‘tricked’ into believing that they were to be taken to Italy, and stripped of their fundamental right to seek asylum in Europe. There has never been a recorded case of migrants de- parting from Libya ‘voluntarily’ accepting to be taken back to Tripoli. Until last week, international reports spoke of brutality and inhumane treatment of migrants that were returned to Libya from Italy. Humanitarian organisations denounced the appalling conditions the migrants are kept in. Detention cells are underground, detainees are given no food or water, and are repeatedly beaten by the detention guards, while women are subjected to rape. The Libyan government has denied the reports. The joint rescue operation however raises further questions on whether the Maltese government has reached some kind of ‘ad hoc’ agreement with Libya over the repatriation of migrants. Never before has a Libyan patrol craft responded to an AFM distress call, while in this case - the first time ever - the Libyan flagged patrol craft came as close as 44 miles south of Malta for its rendezvous with the AFM patrol boat. This development comes a few weeks after Maltese Prime Minister Lawrence Gonzi travelled to Libya with Italian premier Silvio Berlusconi to meet with Libyan leader Muammar Gaddafi, while last week, Gonzi held official talks in Rome with Berlusconi. The meeting, that focused mainly on illegal immigration, included the participation of Malta and Italy’s defense, foreign affairs and home affairs ministers. Government and the AFM have not returned any replies to MaltaToday as to who, within the AFM or on board the patrol craft that intercepted the migrants, assumed the responsibility of screening the migrants while ‘sorting’ them at sea on their eligibility for asylum in the EU 3 News maltatoday, WEDNESDAY, 21 JULY 2010 Police investigate migrant children ‘pedo-porn’ network KARL STAGNO-NAVARRA MALTESE police have initiated investigations into reports about the sexual abuse of migrant children living in Malta by two Italian men who were arrested in Italy yesterday. The men, a 65-year-old businessman from Florence and a 51 former teacher from Venice, allegedly ran a criminal network of paedophile footage and photography. The two men were arrested in Italy following investigations by Police in Florence and Syracuse. The news was revealed yesterday by Italian Magistrates, who announced the arrest of two men who are to be charged with possession and dissemination of pedo-pornographic material. Florence Magistrate Pietro Ferrante explained that searches in the homes of the two men yielded footage and photographs taken by them during “visits to Malta, Romania and Tunisia.” According to the investigators, the two men travelled to Malta and lured vulnerable migrant children into performing lewd acts in exchange for mobile phones, top-up cards, shoes and clothes. The two men would then film and photograph the children and sell the images abroad through an internet site. The material discovered was apparently sold to clients that have been identified in Italy, Germany, France, Switzerland, Holland, Belgium, United Kingdom, Denmark, Austria, France, the United States, Canada and Mexico. The two men ran an internet site that concluded 166 financial transactions. One of the men had a previous conviction for enticing minors into prostitution, filming and possession of pedo-pornographic material. A specialised Italian police officer investigating cyber crimes Power Long Lasting LED Lamps with over 30,000 hours of life and CREE chip technology. • Replaces a 50w Halogen Lamp • Available in both 240V and 12V • Daylight/Coolwhite and Warm White Ponsomby Street, Mosta MST 4032 | t: 2143 2571 | e: info@vct.com.mt OPENING HOURS: Mon - Fri: 08.00 - 18.00 / Thu: 08.00 - 20.00 / Sat: 09.00 - 12.30 www.vct.com.mt 4 News maltatoday, WEDNESDAY, 21 JULY 2010 Importation of mineral water shoots up by 20% JAMES DEBONO ALTHOUGH Maltese tap water is cheap and good to drink, the Maltese are increasingly opting for imported mineral water, statistics presented in parliament show. The importation of mineral waters from abroad has shot up from €3 million to €3.6 million between 2007 and 2009. The sharpest rise was registered in the importation of still natural mineral water, which has shot up by 26% from €1.9 million to €2.4 million. The importation of carbonated natural water has remained stable at €1 to €1.1 while the importation of table water has dropped from €77,888 to €71, 364. While Malta has its own equivalents of table water which are produced either from purified reverse osmosis or extracted from boreholes, it lacks its own source of natural mineral water. According to EU law min- eral water must come from a protected source and cannot undergo any treatment, except filtration, to remove sand particles. Therefore what goes into the bottle is the same as what comes out of the ground. On the other hand table water is defined as bottled water that comes from more than MALTA GOVERNMENT STOCKS _______ _______ 672&. 7$/ 7$/*9(51 Secure Investment Issue of €100,000,000 in Malta Government Stocks - Fixed Rate (subject to the overover-allotment option of an additional sum of €50,000,000), and an Issue of €30,000,000 in Floating Rate Malta Government Stock Applications open on Monday 2nd August 2010 at 8:30a.m. and close on the time and dates as hereunder, or earlier at the discretion of the Accountant General: General: • at 17.00 Hours on Wednesday 4th August 2010 for applications by any single and/or joint applicants applicants which in the aggregate do not exceed €100,000 per person, • at 12.00 (noon) on Friday 6th August 2010 for applications in the form of sealed bids (auction). (auction). (i) MGS 3.75% (Sixth Issue) – Fungibility Issue Maturing in 2015, and (ii) MGS 5.25% (First Issue) – Fungibility Issue Maturing in 2030 (iii) Applications in any one or a combination of the above two Stocks shall in the aggregate be €100,000,000 (iv) Floating Rate Malta Government Stock 2013 (VI) linked to the six (6) month Euribor The Price for each Stock at (i) and (ii) above shall be established established on Thursday 29th July 2010, based indicatively on the prevailing secondary market prices. Such Price Price shall be announced to the Malta Stock Exchange and published in the daily local newspapers and through through a Press Release issued by the Department of Information (DOI). Application forms may be obtained from, and lodged at, all Members Members of the Malta Stock Exchange and other authorized Investment Service Providers on the indicated indicated dates. Application forms may also be downloaded from Treasury website at www.treasury.gov.mt. www.treasury.gov.mt. Bids on the prescribed forms are to be deposited in the Treasury Tender Box or transmitted by fax on 25967210. MALTA GOVERNMENT STOCK FOR SAFE INVESTMENT AND LIQUIDITY WITH INTEREST INTEREST PAID UP TO THE DAY OF RESALE OF STOCK. RE SECURITY CONTINUOUS LIQUIDITY INTEREST EVERY SIX MONTHS (The value of the investment may go up or down during the tenor of the Stock.) Treasury Department, The Mall Building, The Mall - Floriana, Floriana, Malta. ZZZWUHDVXU\JRYPW one source, including the public water supply. Treatment of the water is permitted to ensure it meets compositional or microbiological requirements, which are governed by law. The marketing of Maltese bottled water as ‘ natural mineral water’ is illegal because none of the local brands match European Union criteria to be recognised as such. A survey published on sister newspaper Illum in 2009 showed that 63% rely on bottled water as the main supply for their drinking water. The survey showed that Maltese brand of table water Kristal is the most popular, followed by the San Michel brand which is derived from the potable water supply. But the survey showed that around 17% opted for imported brands. Bottled water sold in Malta generally consists in treated water bought from the public supply, as is the case for the San Michel brand, or a mixture of groundwater and tap water, as is the case with the Kristal brand. Aqua Azzura and Gocce are exclusively derived from groundwater, which is extracted for free from groundwater sources. Irrespective of their origin, all these brands are marketed as table water. Maltese tap water is totally safe to drink, even if its taste is negatively affected by high levels of chloride and sodium. Tap water is regularly tested for chemical, physical and microbiological parameters listed in the Food Safety Act, and nitrates levels, which posed a serious health problem in the 1980s. Ground water is blended with reverse osmosis water to ensure that nitrate levels never surpass EU imposed levels. Ironically while a bottle of imported natural mineral water costs at least 50 cents, the same amount of tap water costs less than a cent. US studies have found the total energy required for bottled water production was as much as 2,000 times the energy cost of producing tap water. 5 News maltatoday, WEDNESDAY, 21 JULY 2010 Divorce billboard: ‘disowned’ by both Church and sponsors RAPHAEL VASSALLO IF it was intended as an early warning shot in the ongoing divorce debate, the decision to erect a large billboard with the words “God doesn’t want divorce!” on the Zebbug church parvis has evidently backfired, with the parish priest yesterday issuing an apology to the billboard’s official sponsor, Vision Tech. In fact, the advertisement beneath the ominous message – originally featuring the official logos of Nintendo and Sony products such as Wii, Xbox, Playstation and PS2, among others – was painted over at some point since Monday, as the pictures on this page attest. Yesterday, Zebbug parish priest Fr Daniel Cardona issued a statement to explain that the billboard in question was in fact part of ‘an ongoing campaign in favour of the Catholic Church’s official teaching on divorce – adding that he “regretted any inconvenience” caused to the “electronic company that helped the parish cover part of the costs of this billboard”. Contacted separately by Mal- Church billboard ‘divorced’ from official sponsors after public furore taToday, Vision Tech manager Jason Grech explained that his company was one of several to have sponsored the Church’s billboard initiative, and that he had no idea what message the billboard would display. “In view of the furore surrounding this particular billboard, the parish priest and I both agreed that it would be better to remove the advert,” he said. On his part, Fr Cardona also explained that the billboard message changes periodically, and that “the time had come to erect a new billboard.” By coincidence, the change in billboard happened to take place last Sunday: the feast of St Joseph, when Jeffrey Pullicino Orlando – the Nationalist MP who has just presented a draft divorce law as a private member’s bill in Parliament – attended the traditional mass inside the Zebbug band club across the road from the Church. The same mass was celebrated by Fr Daniel Cardona. As was perhaps predictable, the initiative was widely inter- preted as a political statement ahead of the parliamentary debate on divorce, now scheduled for after the summer recess. To many, it was also deeply reminiscent of the early 1960s – a time of deep unrest, when the Labour Party executive was excommunicated, and voting Labour was declared a Mortal Sin. The Labour Party however played down the incident. “I checked the calendar again this morning. It reads July 2010,” Communications director Kurt Farrugia said yesterday. “We do not have problems with the Church expressing its views. Latest reports confirm the Curia was not directly involved in setting up the sponsored message. We hope everyone realises that the times have changed and that everyone is entitled to express one’s opinion without fear.” In fact, the Curia this week clarified that it had nothing to do with the decision to erect the billboard. “This was a parish initiative. The Curia was not asked for its opinion so the responsibility falls totally on the parish,” a Church spokesman told The Times yesterday. SHAME! Shame on all the MPs, comfortable in their air conditioned cars or offices, totally oblivious to the horses suffering in the sun. Shame on MEPA and/or Transport Malta unleashed on an unsuspecting public with all their legal labyrinths and acrobacy while the cab horses are scorching in the sun. Shame on all those people who see these creatures suffering, and plod on in life as if nothing is happening. Thank You to those few MPs, organisations and members of the public who are urging the authorities to erect a shelter for the horses. I DON’T CARE WHICH AUTHORITY IS INVOLVED, ERECT A SUITABLE SHELTER AT ONCE!! Simon Peter Micallef Backtobasics For a humane and just Malta. 6 News maltatoday, WEDNESDAY, 21 JULY 2010 Uncovering the Royal Opera House FRANICA PULIS RECENT works carried out on the Royal Opera House (ROH) in Valletta “reveal that it was a fine example of the way theatres in the 19th century were conceived”. That is how Vicki Ann Cremona, Malta’s Ambassador in Tunisia who is also a theatre historian, described the recently uncovered theatre skeleton. The theatre site has been mired in controversy for the past year, with the government wanting to leave it as an open-air performance space, and artists believing it would be a waste to use the venue only in summer, the only time of year when any open space can be used for performances. The base of the ROH shows it can function as a closed theatre space if adapted to modern theatre exigencies. This was expressed by theatre lecturer John Schranz and Joe Vella (aka ‘Fuji’), who has 35 years of experience in the technical aspect of theatre, and is also a member of Association for Performing Arts Practitioners (APAP). Schranz remarked: “It is not correct to say that the footprint cannot house a theatre to meet Malta’s needs. Details of the ROH seating plan, stage dimensions and overall footprint speak out for themselves. It shows that less than a third of the space was used for the stage and less than a third was used for audience seating.” Vella commented: “What I cannot understand is on what grounds we are being told that the present site is not large enough to have a fully-fledged theatre. There are theatres which have a smaller footprint and yet the most demanding (stagewise) productions are performed there. “A case in point is the theatre La There are theatres which have a smaller footprint and yet the most demanding (stagewise) productions are performed there Monnaie in Brussels. This theatre roughly has the same footprint of the ROH, and in February 2011 they will be performing Wagner’s ‘Parsifal’.” Even the Aida, an enormously demanding opera, was performed in the ROH a few years after it had premiered abroad. “Edward Barry designed the theatre for 1,095 seated persons and 200 standing. According to the original plans the proscenium width was 14m, the width of the stage was 26m, while the depth of the stage from the main curtain setting line was 15m. The auditorium and stage area only occupied 30% of the entire site footprint. The other 70% were taken up by features which are irrelevant to a truly functioning theatre,” added Vella. Vella also mentioned that the site cannot be used as is, and a reproduction of Barry’s theatre would be irrelevant. It needs to be transformed to fulfil today’s needs. However, he insisted such footprint can accomodate a closed theatre if designed appropriately. The site of the Royal Opera House now uncovered Rising from the ashes – literally By Vicki Ann Cremona The Royal Opera House was inaugurated in 1866, exactly 10 years after the Covent Garden theatre had burned down. It was this fire that led Barry to redesign a new theatre, based on Milan’s La Scala, at the time the largest theatre in Europe. His rise to fame led to the commission for the Malta Royal Opera House. The photos show clearly that the actual concept of the building followed other European models of the time: the theatre had a large foyer, which today would probably be situated under the theatre, in order not to rob any space from the seating; it had a wide horseshoe shape, which was the nineteenth-century development of the original baroque structure of the ‘teatro all’italiana’, that had spread through Europe in the 18th century; and quite a deep stage for the time, as the photos clearly show, and which in modern times, would require at least an equal space beneath for scenic changes, rehearsal space etc. It must not be forgotten that the theatre, which at the time had cost £70,000, burned down in 1873, leaving only the exterior masonry intact. It was restructured by the Maltese architects E.L. Galizia and S. Fenech, together with W. Paulson, at considerable cost, and fitted with new technology that included lighter materials and a zinc soffitt, to protect against fire. It would be interesting to carry out some intense archaeological work to see how the original shape was modified when the theatre was rebuilt in the space of five years. It is of vital importance to archeologically document the site very carefully, as this data is essential for theatre and architectural history and research, and the current excavations have provided a unique opportunity to record initial structures and modifications, and thereby understand better the way theatre, and therefore society, in 19th century Malta was physically organised. There is some visual, graphic and written documentation to this effect, but examining the physical reality far surpasses any paper description. Longitudinal section as redesigned by Webster Paulson in 1874 7 News maltatoday, WEDNESDAY, 21 JULY 2010 EU inspections satisfied with food safety controls… ...but controls on food additives found lacking JAMES DEBONO MALTA has a satisfactory system of official controls on food hygiene, even if a number of shortcomings exist with regards to controls on food additives. This is the result of an audit carried out by the Food and Veterinary Office (FVO) in Malta in February 2010 to evaluate the implementation of EU legislation in the area of general food hygiene, food additives (FA) and food contact materials (FCM). Staff resources allocated for inspection duties relating to official controls of food safety were found to be adequate. Malta currently has 83 inspectors for food and environmental health purposes. 24 of these are involved in food premises inspections. But additional staff are needed at the Public Health Laboratory, the only laboratory facility in Malta which is designated to analyse samples taken in official controls, which currently employs 38 people. The microbiology section currently employs 11 technical staff; one scientific officer, one pharmacist and nine medical laboratory scientists. Staff in the chemical laboratory include eight technical staff; five scientific officers and three medical laboratory scientists. The main shortcoming with regards to Food Hygiene controls is the lack of guidelines provided by the competent authorities to inspectors leading to inadequate assessment of food hazards. The report claims that staff responsible for examining food additives have not received sufficient training to undertake their duties competently and their knowledge and experience was limited. An inspection in a food processing company showed that Maltese inspectors had no practical experience of undertaking official controls in this area. Official monitoring system of the consumption and use of food additives is also inexistent. Controls on labelling were also found to be satisfactory. An inspection in a supermarket showed that all products reviewed, ranging from frozen products, bakery products, soft drinks, meat products and vegetable products were found to be in compliance with all labeling legislation. The report also concludes that Malta has a satisfactory system in place for the labeling of food allergens. In 2009 the Maltese authorities have issued 21 contraven- tion notices were in connection with food labeling. Of these, eight pre packed foodstuffs had no label at all and three had no expiry date, three products showed tampered labeling and another three labels were not in one of the languages accepted in Malta. One contravention order was issued because no manufacturers address was written. 8 News maltatoday, WEDNESDAY, 21 JULY 2010 Iran, Syria behind Lockerbie attack – Italian prosecutor CHARLOT ZAHRA FORMER prosecutor in the Ustica tragedy trial, Rosario Priore, has dismissed the Libyan motive for the Lockerbie attack as “inconsistent”, contending instead behind the 1988 tragedy there were in reality Iran and Syria. If true, this would dispel the so-called Malta connection, according to which the bomb which destroyed PanAm 103 in 1989, killing 270 people, had been loaded onto the aircraft at the Luqa airport. During an interview with Italian news agency AGI, published five days ago, Priore delved at length into the role of the Popular Front for the Liberation of Palestine – General Command (FPLP-GC), which at the time was led by Ahmed Jibril: the real person “materially responsible for the attack”, Priore claims. “This possibility has emerged in inquiries which delved about Palestinian resistance organisations involved in terrorist attacks and attempts on Italian territory,” Priore said. “One particular inquiry led to the heart of Jibril’s organisation,” he added. What had emerged was that “the FPLP-CG had militants all across Europe, in particular in the Federal Republic of Germany”. The FPLP-CG had ties with the secret services of the Syrian air force, and, through Damascus, “with the other States on the West black list, first of all, Iran” It was at this point that Priore made his revelations about the Lockerbie case. “In a base of that organisation, they found devices that were totally similar to those which had led to the downing of the Pan Am aircraft,” he told AGI. During the investigations on the Ustica case – in which a Itavia DC-9 was mysteriously downed, allegedly by missile, over the small island dof Ustica off Sicily - thanks he had the possibility of seeing and analysing the evidence of the Lockerbie case. In October 1988, the West German government transmitted an alert to Great Britain and all the other Allied countries on those devices, which were equipped with a “baro-switch, a mechanism which put in motion a 30 minute timer when the atmospheric pressure became lower,” Priore explained. “To reach the pressure needed to activate the timer, this mechanism took seven minutes after take-off, then the detonation would take place,” he added. “The explosion on board the Pan Am flight took place exactly 38 minutes after departure, almost a perfect coincidence,” Priore said. He explained how the Palestinian possibility behind the Lockerbie bombing was not new. “To say the truth, this possibility had already came out two years after the bombing in 1989”. In 2000, “Syria had admitted with the British ambassador at Damascus to be in possession of a confession which put the responsibility on Jibril’s movement,” Priore revealed. “It did not appear clear if Syria wanted to pass on the document in which a Palestinian with the battlename of Modby Goben declared his membership to the FPLP-GC and admitted to have committed the bombing following orders from that organisation. “In view of these new circumstances, the Scottish court which was going to judge Megrahi in Holland had given a Safi detention centre set for partial change of use JAMES DEBONO Rosario Priore (right) receiving the International Giuseppe Sciacca Award postponement to the following January in 2001,” he explained. “A CIA agent had affirmed that Iran was behind the attack, then he had explained that the US had taken care not to pursue that country, because in that way, oil supplies from that country would have been stopped and the economy would have been damaged,” Priore said. “The main witness, Maltese shopkeeper Tony Gauci, who had recognised Megrahi not clearly and limpidly, had received two million US dollars from US institutions,” he added. “Likewise, his brother Paul Gauci, who had collaborated in recognising the clothes that were allegedly purchased by Megrahi and then found in the baggage that contained the device, had received USD $1 million,” Priore added. He revealed how “the first of the two brothers, Tony Gauci, has left Malta and has transferred himself to Australia”. “The night before the bombing, there had been a breakin in Terminal 3, where both Pan Am and Iran Air had the structures for the recovery and maintenance of aircraft,” Priore recalled. “The following night, the containers for baggage were put on the Pan Am 103 exactly from this area,” he concluded. czahra@mediatoday.com.mt THE lull in migration in the past year seems to have erased memories of overcrowding in detention centres, with part of the Safi closed centre for migrants now set for a partial change of use. Malta Industrial Parks has just presented a planning application to convert an existing taxiway into a public vehicular access road which would entail the demolition of part of the detention centre and its “change of use from Refugee Centre to AFM stores”. The site plan shows the new road passing directly through the detention centre. A spokesperson for the Ministry of Home Affairs confirmed that the application will affect “only part of one of the three separate blocks that make up the Safi Detention Centre”. The same spokesperson confirmed that there are no plans to relocate the detention centre despite this loss of space. The closure of the present road leading to Safi and its replacement by the existing taxiway is a result of a €17 million Aviation Park project which is set to create 350 new jobs. 9 News maltatoday, WEDNESDAY, 21 JULY 2010 10 Feature maltatoday, WEDNESDAY, 21 JULY 2010 Off to see th Following recent claimed ‘sightings’ of the extinct Selmunett wall lizard at Haqar Qim, local naturalist Arnold Sciberras takes a closer look at the status of Maltese lizards ON a recent trip to Malta, a certain Linda Downing from Devon (UK), encountered a lizard species which she believed may have been the Selmunett wall lizard – reportedly extinct since 2005. She described the mysterious reptiles in a letter to The Sunday Times (11 July 2010): “We are very interested in wildlife, and take a delight in watching lizards in Malta. Until that time, we had only observed the small, swift goldish-green kind and the more rounded type with suckers on their feet. “Walking back down from the higher temple, nearly to the official in the shelter box, we saw three lizards, new to us. They were bigger, plumper and black, with brightly coloured specks. “I am sure this was a sighting of the Selmunett lizard. I do hope someone more knowledgeable that we are could go to this site and try to observe them…” Following this letter and comments posted below on the website, I would like to clear a number of misconceptions that might have risen from this recorded sighting. First of all, no one declared that the fresh Maltese crab is extinct, as this letter also fleetingly suggests. Only scientific studies can ensure the real status of the species which till now I am not aware of any being published. The Maltese ‘qabru’ may be rare, restricted or even endangered, but definitely not extinct. Unfortunately, however, the same cannot be said for the Selmunett Wall Lizard, at least in its natural habitat. I must agree with J. Sciberras’ statement, posted on 12 July, that lizards are absent from the island North-East of Malta which gives the subspecies its name. Technically, it is absent from Zurrieq coast up to Cirkewwa, excluding two recent introduced populations. Full studies on this status are still under way but this monitoring has been carried out since 1998. J. Schembri’s recorded sightings of lizards at Hagar Qim might be correct, as I am aware that locals have done their best to introduce this lizard illegally in this location although all results I knew when I visited last (approximately late 2008) have failed. Regarding Downing’s description of the lizard, it hardly fits a mainland wall lizard, and resembles more the population of Selmunett or that mentioned of Filfla. From the natural habitat of that location, however, the sighting was most likely either an Ocellated skink (xahmet l-art) or, from the limb description, a Moorish or Turkish gecko. While lizards are rare in this part of Malta, Western-Whip Leopard snakes and the Chameleon were also recorded in this locality. A note must be made though on the coloration of the Maltese Wall Lizard. As far as I am con- Selmunett lizards are absent from the island North-East of Malta which gives the subspecies its name Maltese wall lizard - Gozo variety (photo by Arnold Sciberras) Chameleon - introduced by a Jesuit priest in the 19th century Selmunett wall lizard - extinct since 2005 (photo by Arnold Sciberras) cerned, the naming of several subspecies is today invalid as we have five subspecies named from 17 definite separate populations (including those of the Pelagian islands) that I am aware of, and these are based only from morphological grounds (appearance). If we place each population as a subspecies because of its coloration, we would need to have 17 subspecies, not five, because all of them have their unique coloration. To add to this, large islands like Malta have separate populations within itself and variations are more common within individuals than those of smaller islands and islets. In a study published by the author in 2007 it emerges that coastal lizards vary from mainland lizards, and although I wish sincerely that a population of Selmunett lizards still exists somewhere, even if by human intervention, the possibility is highly unlikely. 11 Feature maltatoday, WEDNESDAY, 21 JULY 2010 e lizards… The only Turk to have conquered Malta: a Moorish gecko (photo by Arnold Sciberras) Lizards and their localities The Maltese wall lizard (Podarcis filfolensis) belongs to the genus Podarcis that consists of at least 18 species with over 195 subspecies. It is endemic to the Maltese islands and the Pelagic islands (Linosa and Lampione), where a fifth known subspecies occurs. The most common is the P. filfolensis maltensis, which is found on the three main islands: Malta, Gozo and Comino. P. filfolensis filfolensis is confined to Filfla, and is the largest of the subspecies (males can reach up to 30cm). It is arguably the most diverse from the others, being much darker in colour and covered with small bluish specks. P. filfolensis generalensis is confined to Fungus Rock off Dwejra (Gozo). P. filfolensis laurentiimuelleri is found on the Pelagic islands, and until 2005, P. filfolensis kieselbachi (Selmunett wall lizard) was confined to the Selmunett island, the smaller of the two St Paul’s islands), but is now extinct. Where did they come from? There are 16 reptile species in Malta, five of which being marine turtles (of which two were recorded only once). Of the rest, many were deliberately or accidentally imported. Of Malta’s four species of snakes, two are believed to have been introduced by cargo ships during the First World War. These are the Cat snake (Telescopus fallax fallax) and the Algerian whipsnake (Coluber florulentus algiru). Both are believed to have been accidentally imported along with fire-wood shipments stored at Floriana between 1914 and 1918. Our only resident species of Chameleon was reportedly introduced to Malta from North Africa in 1880 by a Jesuit priest, who released a few specimens in a St Julian’s garden. Within 20 years the chameleon spread to various parts of Malta. The Whipsnake is one of two snakes accidentally imported to Malta during the First World War I must point out, though, that lizards from Poala/Tarxien area are the closest specimens that resemble the Selmunett lizard, but are not identical. In addition, males and females also differ greatly from each other, and the same individual differs in coloration (but not patterns) even within seasons. Only by molecular studies, as are currently being carried out, can we in the nearby future tell how genetically variable one population is from another, and only then will we be able to clearly distinguish their taxonomic rank. Today, by human intervention and carelessness, everything is possible but what I suggested is the most reasonable thought. I hope that fu- If we place each population (of lizard) as a subspecies because of its coloration, we would need to have 17 subspecies, not five ture recordings of sightings are supplied by photography or specimens, unless a permit is also required. 12 Opinion maltatoday, WEDNESDAY, 21 JULY 2010 Anna Mallia annam@onvol.net You could be next! T he judgement ordering One Radio to pay over €50,000 to The Performing Rights Society may have come as good news to some, but little do they know that they could be the next victims of PRS. But what is this all about you may ask? In the UK, the singers and composers united and formed The Performing Rights Society, so that anyone who plays their music in public has to pay royalties to the copyright holder. This was founded in 1914 for the purpose of collecting royalties for the non-dramatic public performance and broadcasting of members’ works. The payment varies from country to country, and the definition of performance varies from country to country. This means that if you have an office or a garage and both of them are accessible to the public and you play the radio, strictly speaking you have to pay a fee to the Performing Rights Society. In Malta this society has its representative and lately it also registered itself as a Maltese company to do the job and collect money from all those who play music. This means that any office, establishment, factory, radio, cinema has to have a licence to play music and has to pay royalties to this society. Yes, even cinemas which do not choose the music for the films that they show, have to pay royalties notwithstanding that they already pay a fee to KRS, the Malta film distribution company, to show the films. The word ‘perfoming’ in Malta is very stretched, so that even if you have a small business and you are playing background music you have to have a licence to do that and that licence means that you have to pay a fee to the Performing Rights Society. I have nothing against giving what is due to the singers and composers but it is not fair that this PRS in Malta has a free hand to establish its own fees and does not give any information as to what actually goes abroad and what stays in the pocket of the people who do the job in Malta. There is no price index published by the PRS where one can check what the royalties fees are and if they vary between one place and the other. It seems that the PRS has total control and the judgement against Grima Communications, former owners of XFM, wherein the initital demand by PRS for €28,000 was reduced to €7,728, confirms this. The judgement against Super One radio must be a wake-up call because the PRS in the UK is stretching the interpretation of performing and the likelihood is that it will do the same in Malta. Last year the PRS sued a shop assistant who was told she could not sing while she stacked shelves without a performance licence. It all happened to Sandra Burt, 56, who works at a food store in Clackmannanshire, and was warned that she could be fined for her singing by the PRS. In the UK, members of the PRS call all shops to make sure that they have a licence to play music. It all happened when the village store where Burt works was contacted by the PRS to warn them that a licence was needed to play a radio within earshot customers. When the shop owner decided to get rid of the radio as a result, Mrs Burt said she began singing as she worked and threatened PRS with constitutional case for breach of her fundamental human rights. In response to the furore created by their initial hardline stance, PRS later apologised. You may consider this a one-off, case but the rules and regulations of the PRS in the UK are the same (or ought to be) as the rules adopted by the PRS in Malta. It is up to the PRS to come up with a clear policy as to who has to have a licence to pay them royalties. Because any outlet that plays radio or music to the public or has its music heard by the public has to have a licence and has to pay PRS royalties. PRS maintains that by playing a radio in a “public place” allows them to collect royalties on behalf of the performers singing on the radio. This means that even government departments, post offices, corporations, all offices where their workers keep the radio playing, have to have a licence to play music. There is nothing in the law that excludes the government departments and /or government agencies from the licence and those who provide the music for a good deed might be in for a nice surprise as they can get a call from the PRS ordering them to get a licence. No account of the monies collected by the PRS in Malta is published or even given. We have no clue as to how the fees of these royalties Promoter Howard Keith, left, and artiste Ira Losco (centre): PRS must pay Maltese songwriters their dues The public must know what has become of all this money: how much of it was sent abroad and how much given out to the Maltese artists are established and by whom and how they are calculated. I know for example that in the case of cinemas, they are calculated on the amount of people attending and that there are many businesses who complain how they are being paid to pay for music that is in the film’s soundtrack and that ultimately it is not the cinema that is playing the music, but the KRS which distributes these films. Moreover the film industry had paid already for these royalties to include the music in the film, and it is unjust that the royalties have to paid per capita every time that the film is shown. It is something that I fail to comprehend and the same applies to radio stations. In Malta strictly speaking it is still up to PRS to choose its targets and I do not know the criteria it has for choosing radio but not television, because both of them transmit music. I do not know how they say that anyone who plays music, even in the waiting room, has to have a licence and that licence is obviously their alarm bell to start collecting royalties. Neither does the PRS give any information as to what happens to the money collected from Malta. I remember once when I enquired and made some research, I was told that for them Malta is such a small contribution that they do not include Malta in their accounts so that the Maltese who are paying for royalties do not know what is becoming of this money. It is important that the work of artists is protected but it is just as important that the monies collected on their behalf ends up in their pockets. This is something that the PRS, at least in Malta, still fails to do. Even the local artists lately held a press conference reminding the PRS that they are still waiting to be paid for royalties. Howard Keith, director of production company Jagged House, and manager to popular local artistes Ira Losco, Tribali and The Riffs among others, stated that he has been claiming royalties for his artists for the last 15 years. He was quoted as saying that it was about time that PRS pay up their dues to lcoal artists who have never received a dime in their rights. Even the guild of Maltese composers, songwriters, singers and Musicians (UKAM) last year voiced its concerns about the royalties which the PRS is bound to give to the rightful artists, and has been complaining since 1991 that the rightful writers are not getting their dues. The UKAM claims that the Maltese artists are still owed up to €200, 000 for 2007 alone while the amount in unpaid royalties dating back to the 1990s still has to be quantified. It is the government’s duty to intervene: after all the PRS is licensed by the government of Malta to collect and distribute royalties to local artists and, like any organization, the PRS in Malta must publish its accounts since it started its operations in Malta. The public must know what has become of all this money: how much of it was sent abroad and how much given out to the Maltese artists. It is also the government’s duty to inform the public about their responsibilities if they play music in their establishment or their place of work; to publish how much the licence fee is and what are the royalties due. We cannot remain in this limbo! FREE WITH maltatoday ON WEDNESDAY Business Today WEDNESDAY 21 JULY 2010 - SUPPLEMENT ISSUE NO. 643 Calculating the deficit Page 16 Pensions reform: a nation’s tale Euro rises above US $1.30 Page 17 In collaboration with: Page 20 www.businesstoday.com.mt Chamber, MHRA insist Vince Farrugia ‘does not represent us’ Charlot Zahra In a rare joint statement yesterday, the other two employers’ organisations in Malta, the Malta Chamber of Commerce, Enterprise and Industry (MCCEI) and the Malta Hotels’ and Restaurants’ Association (MHRA) are standing four-square behind the MEA’s contention that GRTU Director-General Vince Farrugia’s nomination one of the two employers’ representative to the EESC (European Economic and Social Committee) – a forum of civil society groups that consult with the EU at all levels – was ‘irregular’. “The two employer bodies feel that of the two nominations, only (Stefano) Mallia represents the employer group,” the Malta Chamber and MHRA insisted in their joint statement. However, they have refrained from suspending their participation in the MCESD, Meusac and the Employment Relations’ Board as the MEA have done to protest at the lack of consultation by Government over Farrugia’s nomination. The Malta Chamber and the MHRA have called on Government to “address the situation and ensure that the representatives nominated on the EESC do in fact represent their correct sectorial interests in the correct EESC groupings. To this extent, the Malta Chamber and MHRA were “of the same view as the MEA” and were of the opinion that “any GRTU nomination for the EESC should be allocated to Group III” (Self-Employed) rather than to Group 2, which includes employers. In this regard both employers’ organisations insisted that, “given the interests represented by the GRTU, it would be well suited for the GRTU to have a representative in Group III”. They explained how according to the EESC’official structure, the Employers’ Group (Group I), was made up of entrepreneurs and representatives of entrepreneurial associations supporting employers in industry, commerce and services. Group II referred to the Employees’ Group which typically was made up of trade unions. On the other hand, Group III referred to Various Interest Groups, which included among others, small businesses and the crafts sector. On Saturday, speaking exclusively to MaltaToday.com.mt, MEA DirectorGeneral Joe Farrugia had accused Parliamentary Secretary Chris Said of 86% of all applications for MIH bond issue to be met in full Mediterranean Investments Holding p.l.c. (MIH), a member of the Corinthia Group of Companies, yesterday announced its allotment policy in respect of its €40 million 7.15% 2015-2017 bond issue. The company explained in a company announcement on the Malta Stock Exchange (MSE) on Monday that since subscriptions received at the placement agreements stage were in excess of the €15 million that were set aside for this purpose, the company satisfied about 86.9% of subscriptions and refunded the rest to Authorised Financial Intermediaries. With respect to applications received from preferred applicants, the company explained that applications received from investors who already held investments in one or more of the Corinthia Group’s listed companies, would be met in full up to the first €5,000 in the case of EUR Bonds, the first £4,200 in the case of GBP Bonds; and the first $6,000 in the case of USD Bonds. The company also announced that any balance on these applications would be scaled down to around 15.0% while any unallocated balances thereafter would participate in the allocation policy applicable to the general public. With respect to applications from the general public and unallocated applications from preferred applicants, these would be met in full up to the first €4,300 in the case of EUR Bonds; the first £3,600 in the case of GBP Bonds; and the first $5,200 in the case of USD Bonds. The remaining balances would be scaled down to around 9.3%. The company explained how this meant that EUR Bond applications up to €10,000, GBP Bond applications up to £8,400 and USD applications up to $12,000 received from preferred applicants, which accounted for 82% of all applications received for the Bond issue, would be accepted in full. Interest on the Bonds would commence as from today. Allotment letters and refunds of un-allocated monies would be paid by next Monday, 26 July 2010 by direct credit to the bank account indicated on the respective application forms. The Board of Directors of MIH plc thanked the investing public, institutional investors, authorised financial intermediaries and the banks for their strong support. Keep it simple Disowned: Vince Farrugia misinterpreting the nominations made by employers’ groups by saying that Farrugia was an representative of the employers. “Chris Said is wrong when he is saying that he received two lists from the employers’ groups. There was only one list for employers as Farrugia’s list did not come from any of the recognised employers’ groups in Malta,” Farrugia had told MaltaToday. “He is using this excuse to lump Farrugia’s nomination to the EESD on employers,” Farrugia had insisted. Moreover, the Prime Minister “has not commented a single word” on the alleged agreement between GRTU and MEA, the MEA Director-General added. Asked whether MEA was ready to enter into discussions with the Government, Farrugia had explained how the Association was ready to enter into discussion with the Government. “However the Government first has to recognise its mistakes,” he insisted. In a statement issued earlier during the day, the Parliamentary Secretariat for Public Dialogue and Consultation had claimed that employers’ organisations on the Malta Council for Economic and Social Development (MCESD) had failed to agree on submitting one list of nominees for appointment to the European Economic and Social Committee (EESC). One of these lists proposed Mallia from the Chamber of Commerce and Lawrence Mizzi from the Malta Employers’ Association (MEA); the other list proposed Farrugia. The parliamentary secretariat had said the government “will try to find a solution to the dispute in any particular sector, where possible… government sees the MEA’s voice in MCESD to be in the national interest.” On Friday, the MEA had announced that it was suspending its participation from all structures of social dialogue in which the Government was involved over Farrugia’s nomination to the despite the fact that the GRTU was not an employers’ organisation as prescribed by EESC rules. On his part, GRTU directorgeneral Vince Farrugia had brushed off accusations by the MEA that his nomination to the EESC was‘illegal’. Farrugia had insisted MEA director-general Joseph Farrugia was only showing his “petty jealousies” at not being appointed to the EESC, and that the MEA was “bonkers” to have withdrawn from the MCESD in protest. czahra@mediatoday.com.mt 3.25% 3.50% 4.00% FIMBANK 12 Month Term Deposit FIMBANK 24 Month Term Deposit FIMBANK 36 6 Month Term Depositt Classic Term Deposit Minimum Deposit €50,000. We also pay premium rates for US Dollar and Pound Sterling. FIMBank plc, FIMBank plc is a licensed credit institution 7th Floor, The Plaza Commercial Centre, in Malta, regulated by the MFSA and Bisazza Street, Sliema SLM 1640, Malta. listed on the Malta Stock Exchange. Tel: +356 2132 2100 This Euro based product falls within E-mail: ftd@fimbank.com the Depository Compensation Scheme www.fimbank.com established pursuant to the Banking Act. FREEPHONE: 8007 3110 Terms and conditions for this offer are applicable and available upon request. 14 maltatoday, WEDNESDAY, 21 JULY 2010 Business Today Supplement News FinanceMalta at Geneva trusts conference FinanceMalta has exhibited for the second time at the Transcontinental Trusts 2010, a 2-day conference held in Geneva between June 30 and July 1, to tackle the key issues facing the international trust industry caused by the aftermath of the global financial crisis. FinanceMalta secured a stand at the conference, teaming up with local law firm, DF Advocates, a FinanceMalta member. Strengthening FinanceMalta’s presence there was Dr. Anthony Cremona who was nominated by the Institute of Financial Service Practitioners (IFSP) to deliver a well-attended breakfast briefing entitled ‘Foundations: The Practical Implications’. With over 40 key jurisdictions in attendance, ‘TransTrusts’ provided FinanceMalta with opportunities to network with over 100 leading international trust practitioners. While more regulation - but not necessarily better regulation - is the likely outcome, the question to be resolved at the conference was how will the increase in regulation affect private clients and their advisers. In response to these questions, the Transcontinental Trust organisers brought in the largest number of international speakers this conference has ever seen in its 25year history. Speakers from Hong Kong, Singapore, the Cayman Islands, Brazil and the United States all tackled key transcontinental issues. Among the keynote speakers, James Hines, the world-renowned economist and academic from the University of Michigan Law School, gave a presentation on why IFCs matter. International Financial Centres are essential platforms for international private banking and require careful regulatory management exemplified by key jurisdictions like Malta, which grew by 22% during 2009. FinanceMalta’s Head of Business Development, Bruno L’ecuyer said, “Now that the dust has settled on the financial crisis, IFCs are aggressively chasing business whilst keeping a close watch on the G20’s regulatory reform proposals, and they are fully conscious of their political side effects.” Mr. L’ecuyer added: “While FinanceMalta will continue to ensure that it is present at the very best events that the industry has to offer, the message is clear: Malta is a safe, robust and innovative jurisdiction ready to do business with the world.” Dr. Jean Farrugia from Deguara Farrugia Advocates on the FinanceMalta stand at TransTrusts 2010 Microsoft Malta attends Education Leaders Forum in Poland Fiorella Ellul Sullivan and Karl Davies Barret from Microsoft Malta have just attended the Education Leaders Forum organised by Microsoft and held in Poland following this year’s Imagine Cup finals, which brought together over 500 of the most talented students globally, hosted in the same country. The two day forum was attended by around 140 policy makers from 43 countries. Microsoft Malta invited Mario Azzopardi, Director of the Life Long Learning Programme within the Education Ministry, to attend as a representative from Malta. Themed ‘Engaging student creativity and innovation: A key to global success’, this year’s Education Leaders Forum was held in collaboration with the United Nations Educational, Scientific, and Cultural Organisation (Unesco) and the European Schoolnet programme with the aim of creating dialogue on holistic change with the goal of putting technology behind core innovation. This was the fourth in a series of forums exploring the future of post secondary education and the strategies for overcoming barriers to its implementation. Anthony Salcito, Vice-President of Microsoft Education and host of the forum says “there are three keys we’ve been talking about to reach these goals: Access, Employability & Innovation. Having the Education Leaders Forum at the same time as the Worldwide finals for the Imagine Cup is not a coincidence. We link these two Mario Azzopardi, Fiorella Ellul Sullivan and Karl Davies Barret events together because both focus on the importance of technology as key to global success - whether it is obtaining your first PC or access to cloud technologies - which leads to employability, economic stability and national competitiveness. “ “In today’s information age, there is little question that information communication technology (ICT) can help drive opportunity and provide a competitive edge in the world economy. World Bank data shows that worldwide, companies that use ICT have over 5% higher profitability than enterprises that do not use ICT. For every 10percentage-point increase in the penetration of broadband services, there is an increase in economic growth of 1.3 percentage points. But this very data that can give hope also creates the digital divide. The bridge across that divide is access.” Salcito concluded, “Microsoft is committed to making the world where we live and work a better place. By listening to the needs of governments and their citizens, we’re able to channel the passion of our people and the power of technology to the challenges facing the world today. Microsoft’s Shape the Future initiative is a program that helps governments reach ambitious goals by combining Microsoft products and services, years of citizenship, government and education expertise along with broad public private partnership experience. This program has provided more than 1 million European students access to new PCs in the last 12 months alone.” Hal Plotkin, a senior policy advisor at the office of the under secretary of education in the United States Education Department was a keynote speaker who focused on the development of vocational learning. “Our challenge is to figure out how to transfer higher education from a system that pushes people out to one that attracts people,” he said. “People need to be given an opportunity to contribute to the country’s economy because this benefits society at large. There is a lot of untapped human capital, a lot of individuals who have the capabilities to cure the scourge of cancer and find solutions on how to bridge cultural divides.” The Education Leaders forum is a highly interactive event that includes visionary keynotes, expert panel discussions with input from education leaders. This year’s event provided participants with working solutions, policy examples and practical strategies, demonstrating how the private sector, governments and education systems can work together to deliver engaging, relevant and authentic education experiences that will build stronger economies and more cohesive societies. 15 maltatoday, WEDNESDAY, 21 JULY 2010 Business Today Supplement News Vodafone collaborates with the Royal Malta Yacht Club Vodafone Malta has signed a collaboration agreement with the Royal Malta Yacht Club (RMYC) in Ta’ Xbiex with the aim of supporting the Club in its remit to organise races and to provide fitness, recreation and marine facilities to members. The agreement was signed by George Bonello DuPuis as Commodore of the RMYC and by Business Marketing Manager Daniel Grech on behalf of Vodafone Malta Ltd.“As a country with a rich maritime history, Malta has developed numerous facilities for sailing enthusiasts and established itself as an attractive yachting centre,” Bonello DuPuis said. “On behalf of RMYC I would like to thank Vodafone for the welcome support that will help the Club hone in on beneficial opportunities for its members.”The RMYC is a private yacht club that runs a wide variety of action-packed racing throughout the year as well as a comprehensive social calendar. Malta’s climate provides near perfect sailing conditions throughout the year, ensuring the Club is kept busy with initiatives all year round. The Club is a favourite port of call for reciprocal members from all over the world. RMYC is the founding member of the Malta Sailing Federation and is deeply committed to maintaining and strengthening the yachting tradition in Malta.Vodafone Malta will be extending advantageous offers on its high-end services and products to RMYC who will in turn pass on the benefits to its large member base. The collaboration between the leading operator and the club is an initiative that fosters successful business relationships among different stakeholders in Maltese industry. George Bonello DuPuis and Daniel Grech Government announces €150 million stock issue Government has announced the issue of €150 million in stocks. In a statement, the government treasury announced the following: €100,000,000 Fixed Rate Malta Government Stocks subject to an over-allotment option of an additional sum of €50,000,000; and €30,000,000 Floating Rate Malta Government Stock as follows:- 3.75% Malta Government Stock 2015(VI) Fungibility Issue, and 5.25% Malta Government Stock 2030 (I), Fungibility Issue, or any combination of the above two Stocks which shall in the aggregate be Euro 100,000,000; and Floating Rate Malta Government Stock 2013 (VI) linked to the six month Euribor. The offer price for each Stock at (i) and (ii) above shall be established on Thursday 29th July, 2010. Such price shall be announced to the Malta Stock Exchange and published in the daily local newspapers and through a Press Release by the Department of Information (DOI). Applications open on Monday August 2, 2010 and close on the time and dates as hereunder, or earlier at the discretion of the Accountant General: at 5.00pm on Wednesday 4th August, 2010 for applications by any single and/or joint applications which in the aggregate do not exceed €100,000 per person, and at 12:00 (noon) on FridayAugust 6, 2010 for applications in the form of sealed bids (auction). The allotment results of each stock to applicants whose applicants are in the form of sealed bids (auction) will be determined and announced within two hours immediately after the closing time of applications by auction. Application forms may be obtained from and lodged at, all members of the Malta Stock Exchange and other authorised Investment Service Providers. Application forms may also be downloaded from the Treasury website. More information on these stocks can be found in the relative prospectuses which can be downloaded from the Treasury website at www. treasury.gov.mt. 16 maltatoday, WEDNESDAY, 21 JULY 2010 Business Today Supplement News Calculating the Deficit Mark Galea ll EU Member States are required to compile a set of tables reporting the deficit of the General Government. This deficit is worked out in line with the procedure defined in the Maastricht Treaty (Article 104). The basic conceptual reference framework for this exercise is the Manual on Government Deficit and Debt (2002 edition and subsequent updates), which is based on the European System of National and Regional Accounts (ESA 95). Compliance with the reference framework allows for the international comparability of the data. The Excessive Deficit Procedure (EDP) Notification is carried out biannually, at the end of March, with an update six months later. The September exercise typically covers any new information which becomes available. Malta duly submits these notifications, details of which are subsequently published by Eurostat and the National Statistics Office. It is important to understand what is defined by ‘General Government’. The most obvious components are the Ministries and Departments, and the Local Councils. However, other entities which depend on public funds as their main source of revenue are also included, depending on whether they satisfy a set of criteria. The main criterion for the sector boundary is the 50 per cent ratio, which shows whether an institutional unit’s generated sales cover at least half the production costs. If the threshold is not reached, the unit is classified as a non-market producer within the General Government sector. Other criteria, such as control and ownership, are also taken into account. In order to ensure transparency, the list of such entities, known as ExtraBudgetary Units (EBUs), is made public. Having identified which units constitute the ‘General Government’ sector, a number of sequential steps are required to arrive at the consolidated figure of the sector’s deficit. All Government Departments and Ministries are required to report, on a quarterly basis, financial data in respect of outstanding payables and receivables. In this way figures relating to accrued revenue and expenditure, creditors, deferred payments, debtors and prepayments are made available. The EBUs and Local Councils are then individually analysed and their audited financial results are integrated with General Government figures. Other steps are the exclusion of financial transactions from the consolidated fund, and the inclusion of nonfinancial transactions from the Increase in Treasury Bill rates ECB Monetary Operations On Monday, July 12, the ECB announced its weekly MRO. The auction was conducted on Tuesday, July 13, and attracted bids from euro area eligible counterparties of €195.66 billion, €33.41 billion less than the amount bid for in the MRO held the previous week. The bid amount was allotted in full, at a fixed rate equivalent to the prevailing main refinancing rate of 1.00 per cent, in accordance with current ECB policy. On Tuesday, July 13, the ECB conducted a Special Term Refinancing Operation (STRO) with a maturity of 28 days. This attracted bids of €49.40 billion, with bids again being allotted in full at a fixed rate equivalent to the prevailing main refinancing rate of 1.00 per cent, in accordance with current ECB policy. On Tuesday, July 13, the ECB also conducted an auction for a seven-day, fixed-term deposit intended to absorb €60 billion. The operation was designed to sterilise the effect of purchases made under the Securities Market Programme and settled by the previous Friday, July 9. The auction was carried out at a variable rate, with euro area eligible counterparties allowed to place up to two bids at a maximum rate of 1.00 per cent. It attracted bids amounting to €98.29 billion. The ECB allotted the full intended volume of €60 billion, or 61.04 per cent of the total amount bid for. The marginal rate on the auction was set at 0.65 per cent, with the weighted average rate standing at 0.56 per cent. On the same day, it being the end of the reserve deposit maintenance period, the ECB also conducted an overnight Fine-tuning Liquidity Absorbing Operation. This was carried out at a variable rate, with counterparties allowed to place up to two bids at a maximum of 1.00 per cent. The operation attracted bids for €201.67 billion, of which the ECB accepted €200.91 billion, or 99.62 per cent of the total amount bid for. The marginal rate on this operation was set at 0.80 per cent, while the weighted average rate was 0.76 per cent. On Wednesday, July 14, the ECB conducted a seven-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. The rate for the operation was fixed at 1.19 per cent, but it did not attract any bids. Domestic Treasury Bill Market Meanwhile, in the domestic primary market for Treasury bills, the Treasury invited tenders for 182-day bills maturing on January 14, 2011, and for 273-day bills maturing on April 15, 2011. Bids amounting to €89.5 million were submitted for the 182-day bills, with the Treasury accepting €26.05 million, while bids amounting to €66 million were submitted for the 273-day bills, with the Treasury accepting €41 million. Since €44.92 million worth of bills matured during the week, the outstanding balance of Treasury bills increased by €22.14 million, to stand at €588.60 million. The yield resulting from the 182day bill auction was 0.819 per cent, equivalent to yield on bills with a similar tenor issued on July 9, 2010. The yield on these bills represented a bid price of 99.5877 per 100 nominal. The yield resulting from the 273-day bill auction was 1.009 per cent, i.e. 9.1 basis points higher than that on bills with a similar tenor issued on July 2, 2010. The yield on these bills represented a bid price of 99.2407 per 100 nominal. During this week there was no Treasury bill trading on the Malta Stock Exchange. On Tuesday the Treasury will invite tenders for 91-day bills maturing on October 22, 2010. Treasury Clearance Fund. A detailed inventory of the methods, procedures and sources used for the compilation of deficit data, and the underlying government sector accounts compiled according to ESA95, is available on the NSO website. The ultimate responsibility for the deficit calculation rests with the National Statistics Office. However, cooperation with public financial entities is a requisite for NSO in the acquisition of data. This is in line with best practices promoted by the European Commission. Mark Galea is manager of the Public Finance unit at the National Statistics Office. FIMBank ranks among top five factoring institutions in global award FIMBank found itself in good company when it was recently recognised as one of the world’s top five factoring institutions by the prestigious Trade Finance Magazine, just behind big names such as Citi, Deutsche bank, HSBC and UniCredit Group. Commenting on the placing, FIMBank President Margrith Lütschg-Emmenegger said that: “This news is a source of great satisfaction to all of us at FIMBank. As a global player focused on delivering trade finance solutions to businesses worldwide, factoring, which is probably the fastest growing Trade Finance product, features prominently in the Bank’s strategic development. The year 2009 was particularly important for us in this regard, as it saw the setting up of factoring operations in Russia and India, FactorRus in Moscow and India Factoring in Mumbai, in partnership with major international financial players”. João Costa Pereira, FIMBank First Vice-President and Head of Mediterranean Factors, stated that: “Factoring is taking on an increasingly important role in international trade, as more and more importers demand open account conditions rather than letters of credit. This is particularly relevant with regard to exports from emerging markets to the more developed ones. The recent crisis has brought about more awareness about factoring and this product’s ability to facilitate domestic and international trade while mitigating risks.” FIMBank’s credentials in providing support to factoring joint-ventures are certainly not in question. FIM Business Solutions Ltd, a fullyowned subsidiary of the FIMBank Group, was last year awarded ISO 9001:2008 certification for the company’s factoring back office operations. On the occasion of the award, Ms Lütschg Emmenegger had commented that: “Whenever we set up a factoring JV with a local partner, FIMBank enters as the technical partner providing its expertise. The achievement of ISO certification for our factoring backoffice operations is an important endorsement of the quality of these services as well as recognition of the professionalism of our people.” It is also no coincidence that in 2009, FIMBank plc had been recognised as ‘Best Factoring House’ by another international journal, Global Trade Review (GTR). Business Today Supplement 17 maltatoday, WEDNESDAY, 21 JULY 2010 News Pensions reform: a nation’s tale Julia Otto Last Monday PKF Malta hosted the seminar “EU...Urging a Pension Reform” which focused on various topics. The seminar brought the main stakeholders together to discuss and analyse the current situation, to objectively assess pension reform and examine the options that are open to government, unions, and the private sector alike. The event was opened by Hon. Dr Spiteri on behalf of Hon. Dolores Cristina. David Spiteri Gingell, who was chairman of the Pensions Working Group between 2004 and 2007, described the changes in demographics which will pervasively impact a PAYG Pensions System. He emphasized that Malta’s population is dying because people are living longer and birthrates are declining. According to his presentation based on EU figures the fertility rates declined from 3.5 in 1960 to 1.5 children born per woman in 2008. In contrast the life expectancy was at 80 years in 2008. In 2050, 33% of the females and 31% of the males will be above 60. The AWG total population scenario, which results from assumptions pertaining fertility rates, life expectancy and net immigration shows a decline to 405,000 in 2060. Dependency Ratio falls from 1:4 in 2005 to 1:1.5 in 2050. According to him Malta need to start taking into account the following options: more births, more female participation, immigration, increase retirement age, link retirement age with a longevity index, mitigate demographic risk by complementing the PAYG with a 2nd Pillar. The Head of the Economics Department of the University of Malta, Dr. Gordon Cordina, was more optimistic and argued that a higher life expectancy, a strong health as well as woman who prefer a career instead of having a child should not be seen as something negative. According to him on balance, the system has not become any more or less affordable, but the risks have increased. At this stage, the emphasis should be on increasing the robustness of the pension system to risks. He suggested the following three possible methods to increase the robustness of the PAYG system: The retirement age should be indexed to life expectancy. Furthermore, increases in pension rates should keep the change in pension expenditure equal to that in contributions, subject to there being no reduction in the purchasing power of pensions. Altering contribution rates, with a possible significant rise in the share of pension expenditure in the economy, is ultimately counterproductive to economic growth and the sustainability of the PAYG system itself. All in all he took the view that the present system should remain but has to be constantly sustained through economic growth and a stronger participation of people in the working life. However, he also outlined that a funded pension system may improve adequacy of the pension system, because a funded system is long-term as it is based on the capital market. Charles Mangion, MLP Shadow Minister of Finance and Economic Affairs, claimed that there were no substantive changes introduced except for the determining of the minimum pension to 60% of median income, which incidentally is the threshold that demarcates the risk of poverty. After Lehman bankruptcy and the financial crisis the government decided that it would not be wise to introduce a second pillar of the pension, as recommended by the Pensions Working Group. He highlighted that a comprehensive pension reform to improve sustainability and adequacy of the pension system is an urgent matter and cannot be any longer postponed. Carmel Mallia, speaking for the National Association of Pensioners, complained that in the reform the adequacy of pensions was not addressed. He emphasized that the gap between income from employment and pensions is becoming larger. He outlined that changes in pension Carmel Mallia, speaking for the National Association of Pensioners, complained that in the reform the adequacy of pensions was not systems must be handled with care and addressed that Europe must help to address the growing citizens concerns about the presentation “EU Green Paper between work and retirement, private pension schemes. safety of future pensions. A strategy on retirement age and the local • facilitate a longer active life, According to him there are can be defined to put pensions on context” that any new system or • removal of obstacles to EU- different ways how the government an adequate and sustainable base change to the current Pay-As- wide employment and to the can help encourage people to save including through better use of EU You-Go (PAYG) model needs to internal market for retirement money. The life insurance industry level instruments. set in. Local Business community products, in Malta grew rapidly during the The conference was also attended by needs to plan ahead and the • ensure transparency, and last years: €193 million were representatives of constitutes bodies. Malta Chamber would like this • safer pensions. collected in 2009, while payouts Gejtu Vella (UHM) reminded that the matter to be discussed at MCESD According to Ellul the Malta amounted to €70 million. There reform has an impact on human beings level. Accordingly, Ellul linked Chamber agrees with the guiding are 130,000 saving contracts and rather than numbers. Victor Carachi the discussion in Malta to that principles of the Green Paper total investments amounts to (GWU) highlighted that it is difficult launched by the EU with its recent But details of such a debate €1,385 million of which 62 per for people over 50 to find a job and that Green Paper. This Paper reviews should be left to local and national cent are invested in Malta. consequently those people are pushed the European pension framework stakeholders. Furthermore, she Finally, the closure of the to early retirement. Joe Farrugia (MEA) and focuses on areas like pension suggested to encourage event was done by Parliamentary took the view that that a first pillar is mobility across the EU and longer immigrants, women, unemployed Secretary Chris Said on behalf not enough to ensure sustainability, but working lives. The main aims are youths and the elderly to work of the Prime Minister, Lawrence he challenged whether a second pillar • ensure adequate incomes in through flexible work options. Gonzi. is required. retirement through long-term David Curmi, from Middlesea Helga Ellul (Chamber of Commerce, sustainable pension systems, Valetta Life Assurance, addressed Julia Otto Enterprise and Industry) argued in her • achieve the right balance the third pillar, which is voluntary Law and Finance researcher 18 maltatoday, WEDNESDAY, 21 JULY 2010 Business Today Supplement News Big Bon Group launches new logo as re-branding exercise gets underway The Big Bon Group which knows its origins in 1950 when it started operating in the local textile industry, is launching a new corporate logo. This is the first important milestone in the Group’s re-branding exercise which is currently underway. Over the years the Big Bon Group kept evolving and at the same time surviving the challenges and fast changes that characterize this sector. The strength and the experience achieved, enabled the company to introduce a number of international brands to Malta and set up a netword of outlets across the Maltese islands. Despite the constant challenges, the group always represented a sense of stability and vision. “It is this stability and vision that we wanted to portray in the new logo which as it is now, represents all the main elements that define our organization,” says Managing Director Bernard Gauci. “In fact, the logo reflects an organization which is always ready to look beyond its current operation towards creating new opportunities for growth.” The logo is clearly characterized by four distinct pebble-like forms in four different colours which represent the Group’s main areas of operations namely green, orange, turquoise and purple. Green stands for Big Bon Family which gathers all the retail activity which up to now was recognized under the Bossini brand, orange represents the Big Bon Living and includes the activity taking place under the Carmelo Delia brand, turquoise represents the Big Bon Franchising business through the various franchising brands represented in Malta whilst the purple represents the Big Bon Manufacturing business. The design of the new logo and the re-branding exercise are being coordinated by Corporate Identities, a PR, Media Relations and Brand Management company which specialises in sustaining its clients’ brand equity, marketing and corporate communications. Jesmond Saliba from Corporate Identities said, “in our presented designs, we proposed a concept of four forms looking outwards, thus reflecting the Group’s ambitious vision for constant growth and expansion. The Group is aware that being able to look beyond its current operations would have never been possible if first it hadn’t consolidated these four specific areas of operations. These will always be the core activities of the group to new future ventures. The Big Bon brand, on the other hand has a strong equity which we believe has became a household name reflection quality and value for their customers.” The creative side was handled by Ramon Micallef. “Just as every challenge comes accompanied by an opportunity, so was our project for a new re-branding exercise,” adds Mario Camilleri, General Manager of the Big Bon Group. “To us, the challenge in redefining the Big Bon brand meant a thorough re-assessment of where our organization presently stands and placing it in today’s context so that both management and staff can understand where we are today and where we want to go tomorrow. Now however, this re-branding exercise also turns out to be an opportunity to show how our organization has diversified throughout the years and what led to it becoming one of Malta’s leading companies in the retail and franchise business.” The next step in Big Bon Group’s re-branding exercise will be the launch of a new website which is currently being designed in the form of an online corporate brochure with detailed information about all the Group’s main areas of operations and all represented brands. This will be followed by the completion in the rebranding of all the Big Bon Family outlets around Malta including the one in Gozo in line with the new image. FinanceMalta launches third podcast In a bid to reach as many investors as possible, FinanceMalta, the publicprivate partnership set up to promote Malta as an IFC (International Financial Centre) will be streaming a new podcast on its website shortly. This follows a FinanceMalta podcast on Banking in Malta with Dr Pierre Mifsud from EMD Advocates and another on fund business in Malta with Dermot Butler, Chairman of Custom House Global Fund Services Limited. FinanceMalta’s latest podcast features an interview between Dr. Christian Pisani, a German lawyer from Müller & Pisani in Munich, and Joseph Cutajar, Managing Director of the MIB Insurance Group. This podcast will outline the scope, expertise and opportunity to be found in Malta’s insurance market where the incoming investor can secure and insure operations in Malta whether his operations are focused on North Africa, Europe or beyond. FinanceMalta’s latest podcast will discuss Malta as a mature insurance market with a sophisticated level of development and a full supporting structure including the big 4 accounting firms, expert legal firms, banks and insurance structures. Malta’s human resources support both general insurance and niche expertise. The country is closely linked to international markets, particularly the UK and the City of London and is aligned with the London market for insurance and reinsurance purposes. Generally, Malta enjoys lower HR costs than competing jurisdictions. It also enjoys lower peripheral set-up costs and has the added convenience of those regulatory issues being handled by a formally regulated framework. Malta is popular with many international companies who choose to set up here. It is a jurisdiction of choice given the high standards of regulation, the proximity to the North Africa market and the passporting advantages that allow international entities, once licensed in Malta, full access to European markets. Given its close ties to the African continent (North Africa is only 45 minutes flight time), Malta provides a unique level of access. It has an extensive legacy of operations with these North African markets including a doubletaxation agreement with Libya. Apart from these services, Malta offers a broad range of value-added brokering services, providing insurance solutions together with risk management as well as options on alternative risk mechanisms. The broking market has been growing for over 30 years now, offering a flexible approach from regulator to operators with ICC structures, captives and PCCs. The Chairman of FinanceMalta, Kenneth Farrugia, said, “This is just one of the many initiatives that aims to reach as many potential investors as possible using a variety of media outlets. The partnership we have with private industry makes this type of project a reality.” The FinanceMalta podcasts are available in the Multimedia segment of the Gallery section through the FinanceMalta website www.financemalta.org 19 maltatoday, WEDNESDAY, 21 JULY 2010 Business Today Supplement Markets / News Defusing the time bomb Weekly international investment round up to 20th July 2010 For us men who haven’t yet hit their late-forties, a couple of inconvenient truths. Barring the unforeseen, while we can hope to live to the average age of 77 at best we can only now expect to start receiving a government pension from the age of 65. And for women of a similar generation, while 82 should be achievable their retirement age is now the same as ours. Furthermore, without a radical rethink of how the state actually provides its pensions the chances are that what we eventually receive will be significantly less in real terms than we probably expect. At this point, shrugging our shoulders and stopping reading any further about the ongoing Pension ticking time bomb debate is usually forgivable but this time it’s different, for two reasons. First, circumstances have conspired so that we now have a great chance to influence and shape the direction of our future pension plans and secondly, as investors, we need to take in to account how Europe is going to tackle what is probably its next greatest financial challenge. The financial crisis has served to lift the carpet on the Everest sized issue of state pensions which had previously been swept beneath it for • Unsustainable state pensions under the spot-light • Individuals urged to get involved in the debate go) system forms the bedrock of state pensions across Europe and it is simply unsustainable. Operated by individual governments, these schemes pay today’s pensioners by the tax generated by that country’s working generation. The European Commission estimates that over the next 50 years instead of today’s ratio of four workers to one retired person there will only be two employee’s available to pay the pensions of those in society aged 65 and over. GAP welcomes MEPA approval to Fort Cambridge restoration GAP Developments plc, developers the multi-awarded Fort Cambridge residential development, have received today the official approval from the Malta Environment and Planning Authority for the restoration of Fort Cambridge in Sliema. The development permit for the restoration of the Fort, which received unanimous approval by MEPA board, will recover the external appearance of the battery and restore it to its original state. The fort forms part of the GAP project of the same name, which includes a residential complex that is fast becoming one of the most sough-after addresses in the Mediterranean. The pentagonshaped Fort Cambridge dates back to the 1880’s. Indeed, construction of the Victorian fortification began in 1879 and was finished in 1898. Fort Cambridge is one of a pair, twinned with Fort Rinella in Kalkara, which has a similar design. Both forts housed one of the 3 famous 100-ton coastal guns, which required a gun crew of 35 and which Fort Cambridge was specifically built to accommodate. The fort has already had all “additions” removed, including a swimming pool and a restaurant, and its restoration will be done by a team from TBA Periti, under the supervision of architect Alex Torpiano. The architects and the developers plan to restore the Stock markets well over a decade and, if not now fixed, could easily stall growth in the region for years to come. As in Malta, governments throughout Europe face a huge state pension funding problem which has been compounded by slowing economic growth and exasperated by demographics. The current PAYG (pay-as-you- Fort to its olden glory, paying particular attention to those details that are considered “the soul” of the fortification. The architects in fact were able to get plans of the original fort from British military archives. At the same time GAP will seek to instill a new breath of life into the historic site, such that it can be adequately used. MEPA’s Planning Directorate, while recommending the project’s approval, included a condition specifying that MEPA was not opposed, in principle, to any usage compatible with the fort. A spokesperson for GAP said that “we welcome the issuing of this development permit by MEPA which shows the commitment the company is showing towards the national heritage. Notwithstanding that GAP’s contractual obligation to restore Fort Cambridge is within a 10 year period, the company is factually showing that the restoration of Fort Cambridge is an integral part of the development and will be done within the same time frames of the apartments. Fort Cambridge not only has historic value, but indeed also architectural and aesthetic value which was being lost to time and abandonment. GAP will now ensure that this piece of Maltese heritage, which belongs to the Maltese people, can be enjoyed in all its glory by the very same Maltese people.” wks chg 3,567.66 -2.28% Euro STOXX 50 2,634.60 2,686.09 -1.92% Dax (Frankfurt) 6,009.11 6,077.19 -1.12% 10,154.43 10,216.27 -0.61% 5,148.28 5,167.02 -0.36% FTSE 100 FTSE All-Share UK 2,658.05 2,668.69 -0.40% 20,365.70 20,454.76 -0.44% 2,732.95 2,636.31 3.67% 17,995.72 17,899.96 0.53% Nasdaq 2,198.23 2,198.36 -0.01% Nikkei 225 9,294.78 9,530.53 -2.47% S&P 500 1,071.25 1,078.75 -0.70% SMI (Zurich) 6,156.64 6,228.31 -1.15% Hang Seng Shanghai CSI 300 Mumbai (BSE) Here in Malta, projected population figures show we may actually be worse off than this EU average. With a falling birth rate, Malta is a shrinking nation. However, following the 2006 Pension reforms Malta was at least in-part ahead of our European neighbours in recognising such risks resulting in the raising of the pension age for those born after 1/1/1962 to age 65. Further reforms are now being worked upon representing an opportunity for us all to voice our opinion. The EU is also currently calling for our views on how best to create conditions for a sustainable 13/07/2010 3,486.33 Dow Jones Ind. Avg Mark Lamb mlamb@citadelplc.com 20/07/2010 CAC 40 (Paris) pension system through their Green Paper discussion document, we should all try to make an active contribution. As investors, we need to recognise that across Europe public debt has exploded while, when compared to just a couple of years, projected growth in the region has contracted. Faith in Europe as an institution has been seriously rocked with its failings probably not yet fully exposed therefore; placing further un-wavering blind trust in their judgement is probably, at best, misplaced. The current pensions debate gives us all an opportunity to take ownership of our future and we should take it. Mark Lamb is Head of the Life Dept. at Citadel Insurance plc which is authorized to carry on general and long term business of insurance under the Insurance Business Act, 1998 and is regulated by the MFSA. Contact by email; mlamb@citadelplc.com Tel; 25579000. Website; www.citadelplc.com This article does not intend to give investment advice and its contents should not be construed as such. Information in this article has been obtained from various public sources and is given by way of information only. Readers are always encouraged to seek financial advice before making any investment decision Ireland manages to raise €1.5 billion Downtown Dublin, Ireland Ireland announced yesterday that it had raised €1.5 billion through a heavily over-subscribed issue of six and 10-year bonds just a day after Moody’s had downgraded Irish sovereign debt. The government public debt agency, the NTMA, said it had placed bonds worth €750 million euros coming due in 2016, with demand 3.6 times greater than the amount sought. The bonds carried a yield of 4.496 percent, down from 4.521 percent at a similar previous operation. The government also placed 10year bonds worth €750 million euros, 3.1 times over-subscribed, at a rate of 5.537 percent, which compared with 4.688 percent at a previous issue. Ratings agency Moody’s on Monday lowered Ireland’s sovereign debt rating by one notch to Aa2, citing weak growth prospects and the cost of bank rescues. It described its outlook on Ireland as “stable.” Pokerstars to host events at Portomaso The Portomaso Casino announced it reached an agreement with the world’s number one online poker operator ‘Pokerstars’ to host a series of top international events. The first event, the IPT (Italian Poker Tour), shall be held in November this year and is expected to attract hundreds of top International poker players to measure their skills in Malta over ten days of intense competition. Other significant appointments for the 2011 will be scheduled and announced soon! Gianfranco Scordato, General Manager at the Casino confirmed this news and added: “This agreement finally puts Malta and the Portomaso Casino on the calendar of the most important circuit in Europe.” Malta is becoming more and more a key location for quality poker events, well known within the international landscape. Over a short period of time this skill game has attracted thousands of tourists to Malta, representing an important contribution to the overall “spin off” economy… this agreement promises to further expand this niche. 20 maltatoday, WEDNESDAY, 21 JULY 2010 Business Today Supplement News Euro rises above US$1.30 The euro briefly topped US$1.30 yesterday, nearing a 10-week high point as the US currency was plagued by renewed concerns over the US economic outlook. In early trading, the shared eurozone unit struck 1.3029, the highest point since May 10. It later pulled back to US$1.2976, up from US$1.2943 in New York late on Monday. Against the Japanese currency, the dollar increased to 86.90 yen from 86.68 yen on Monday. The dollar slid after Monday’s pessimistic report on the US home-building industry added to concerns that economic recovery in the world’s largest economy could stall. Sterling was pushed lower by disappointing British government borrowing data. The pound sank to 1.5155 dollars in late morning deals, hitting the lowest point since July 13. British public sector borrowing was higher than expected in June, official data showed yesterday, in a blow to the UK government’s hopes of slashing its huge public deficit. On the London Bullion Market, the price of gold firmed to US$1,181.73 an ounce from US$1,181 an ounce on Monday. UK public deficit higher than expected in June The UK’s public sector borrowing was higher than expected in June, official data showed yesterday, in a blow to Prime Minister David Cameron’s government’s hopes of slashing the huge public deficit. The public deficit, stood at GBP14.5 billion, the Office for National Statistics (ONS) said in a statement. The reading was higher than market expectations for a deficit of GBP13.5 billion, but was a slight improvement from GBP14.7 billion in June 2009. The ONS added that the public sector net cash requirement (PSNCR) -- an alternative measure of public finances -- expanded last month to show a deficit of GBP0.9 billion, compared with GBP20.2 billion in June 2009. Chancellor George Osborne last month unveiled higher taxation and spending cuts in an emergency budget aimed at narrowing the nation’s enormous public deficit. The Conservative-Liberal Democrat coalition which took power after a general election in May inherited a record GBP154.7 billion deficit from the previous labour government headed by Gordon Brown. The goal is to reduce the shortfall to GBP37 billion in 2014-2015 and to GBP20 billion in 2015-2016. Honda to have electric Greece raises cars by 2012 €1.95 billion Honda announced yesterday that it would roll out an electric car and plugin hybrids in Japan and the United States in 2012 as it tries to catch up in the race to make clean, batterypowered cars. Japan’s number-two carmaker had previously been sceptical of plugin hybrids but now plans to launch a compact electric car and mid and large-sized plug-in hybrids capable of up to 60 kilometres per litre (140 miles per gallon) of petrol. The plug-ins have been a pet project of Takanobu Ito, who headed Honda’s research and development section before becoming chief executive in June last year. “The next 10 years will be very critical for Honda to survive in the midst of major changes, at a time of increased environmental awareness and changes in the global economic structure,” Ito said at a press conference. Details of the cars will be released only at the end of the year. But the announcement that Honda will embrace the technology signals a turnaround in the company’s vision. In 2007, then-president Takeo Fukui said that plug-in hybrids offered too few environmental benefits to be worth pursuing. “Mr Fukui did not like batteries, but I am different,” Ito said. “Now, as president, I have accelerated this process.” Plug-in hybrids share technology with standard hybrids -- of which Honda already produces several models, including a version of its Civic -- but can be recharged using a household power point. Honda said it planned to start producing a high-output lithium-ion battery this year through a joint venture with GS Yuasa and would also harness technology from its prototype fuel-cell car to develop its all-electric car. The company will also start operation in 2013 of a new plant at Yorii in the Tokyo suburbs that was put on hold due to the global financial crisis. The plant will develop new technologies for low-emission cars, Ito said. The launch of the green vehicles is timed to meet tough regulations, including a new rule in California that will require three percent of a car maker’s sales in the state to be zeroemission vehicles from 2012. Honda will also expand its line-up of standard hybrid models next year, Ito said. The company will introduce the Fit hybrid in Japan this year and the next-generation Civic hybrid in 2012. The Japanese government aims by 2020 to raise the share of hybrids in the country from 10 percent now to 20-30 percent, and to have plug-in hybrids and electric cars account for up to 20 percent of sales. Toyota’s Prius hybrid, helped by government subsidies, has been the best-selling car in Japan for over a year. Toyota sold more than 270,000 Prius vehicles in the fiscal year 2009. Honda sold 100,000 of its petrol-engine Insights. Nissan, Japan?s third-largest automaker, is set to take the lead in mass-producing fully electric cars with lithium-ion batteries when it releases its Leaf later this year in Japan, the United States and Europe. Greece said yesterday that it had raised €1.95 billion with an issue of threemonth bonds carrying a rate of 4.05 percent, more than the €1.5 billion initially targeted. The issue has reportedly been over-subscribed and Athens has expressed satisfaction at having borrowed €1.95 billion at a rate of 4.05 percent with an option to 450 million more by Thursday.Greece on July 13 raised fresh funds from the markets in a first sale of government debt since an EU-IMF bailout saved it from default. But it had to sweeten the deal to attract buyers. Athens sold €1.625 billion in sixmonth treasury bills at a rate of return of 4.65 percent, slightly higher than an equivalent sale in April, the Greek debt management agency (PDMA) said. The European debt market has been influenced by the intervention of the European Central Bank, which has agreed to buy bonds issued by financially troubled eurozone economies such as Greece, on the secondary market from banks holding previous issues. But the ECB has now reduced its purchases of eurozone government bonds, data released last week showed. The measure was introduced as part of a package of moves to reduce tensions on eurozone government debt markets. ECB figures indicated that that the bank spent one billion euros in the first week of July to buy government debt. In each of the preceding three weeks, the ECB had bought roughly four billion euros’ worth of sovereign bonds on secondary markets, that is, not directly from governments. maltatoday, WEDNESDAY, 21 JULY 2010 21 MaltaToday, MediaToday Co. Ltd, Vjal ir-Rihan, San Gwann SGN 9016 MANAGING DIRECTOR: ROGER DE GIORGIO MANAGING EDITOR: SAVIOUR BALZAN ACTING EDITOR: RAPHAEL VASSALLO Tel: (356) 21 382741-3, 21 382745-6 • Fax: (356) 21 385075 Website: www.maltatoday.com.mt E-mail: midweek@mediatoday.com.mt Editorial Human dumping on the high seas News that a boatload of Somali asylum seekers was somehow ‘shared out’ between Maltese and Libyan search and rescue personnel while still at sea, should make for deeply disconcerting reading. For one thing, it is suspicious that both the Armed Forces of Malta (which coordinated the rescue operation) and the Office of the Prime Minister (which is politically responsible for the AFM) have to date been so reticent on the matter. So far, only the basic sequence of events can be ascertained. Over the weekend, the AFM received a distress call from a rubber dinghy carrying 55 Somalis, including women and children, in the Maltese Search and Rescue area approximately 44 nautical miles south of Malta. A patrol boat was duly dispatched to the scene, only to find that a Libyan flagged, Italian manned coast guard vessel had arrived at roughly the same time. This vessel is understood to be one of six Italian ‘motovedette’ loaned to the Libyan government as part of the ‘Treaty of Friendship, Partnership and Co-operation’ signed between the two countries in August 2008. What followed was a mysterious ‘transaction’ on the high seas, which resulted in 28 of the 55 individuals being brought to Malta by the AFM, while the remaining 27 were escorted back to Libya by Italian coastguards working for the Libyan authorities. At a glance this appears to be a highly unusual procedure, and one cannot help being uncomfortably reminded of the notorious ‘concentration camp’ tactics used by past regimes, to arbitrarily decide who gets to be granted freedom, and who on the other hand gets sent to a labour camp (or worse). Unfortunately, the comparison becomes a little too close for comfort when one also bears in mind that Libya has not signed the 1951 Geneva Convention, and has very recently expelled the United Nations High Commission for Refugees. As a result, there is no competent body present in Libya to monitor the human rights situation on the ground. Furthermore, Amnesty International’s annual country report for Libya, published last month, makes for very grim reading: “AI continues to receive reports that torture or other ill-treatment [takes] place in Libya in a climate of virtually total impunity… Those carrying out the abuses include police officers and detention centre guards. The victims include prisoners under sentence of death, refugees, asylum-seekers and migrants.” The report goes on to say: “In recent years, the most frequently reported methods have been: beatings; beatings on the soles of the feet (falaqa); the use of electric shocks; being suspended by the arms; and the deliberate denial of medical treatment.” Moreover, Libya has all too often been accused of violating the principle of ‘refoulement’, by forcibly deporting migrants back to countries where their lives may be at risk, without securing any guarantees that their basic rights will be respected. Somalis and Eritreans are currently high on the list of priority asylum specifically because of the unstable status of the war-torn countries. Deportation to their home countries is therefore not an acceptable option. And yet, in this particular case, the migrants all claim to be Somali nationals: a claim which automatically entitles them to be considered as ‘potential asylum seekers’, according to international conventions to which Malta is signatory. The AFM was therefore duty bound to recognize this claim and to bring them to a safe port of call where their application for asylum could have been processed. For reasons outlined above, Libya does not qualify as a safe port for migrants. For these and other reasons, it is scarcely acceptable that a group of asylum seekers could be arbitrarily divided as part of a ‘deal’ struck at sea, with the ‘unlucky half’ forcibly returned to Libya, while the rest are granted sanctuary in an EU member state. Among the questions to which we are still awaiting answers are the following: Who took the decision to divide the migrants into two groups? On what criteria were roughly half of the asylum seekers brought to Malta, while the others were sent back to Libya? The commanding officer of an AFM patrol boat is unlikely to possess the authority necessary to undertake such an operation on his own initiative. So who authorized the procedure, and was any ‘screening’ conducted to ascertain the migrants’ eligibility to asylum? As things stand, the only comment we have received to date from the Office of the Prime Minister was that the deported asylum seekers had ‘voluntarily’ accepted to be escorted back to Libya. But this is at best implausible, especially when one considers that in most cases, asylum seekers crossing the Mediterranean would have taken considerable risks and spent considerable sums of money to pay human traffickers for their passage to Europe. A return to Libya under these circumstances would nullify all those efforts and expenses, while also exposing them to risk of human rights violations and (arguably worse, from the migrants’ point of view) deportation to their country of origin. A detailed explanation of Malta’s involvement in this unsavoury incident would therefore not be entirely amiss. 22 Events maltatoday, WEDNESDAY, 21 JULY 2010 Melita announces new sports channels FROM Saturday 7 August, Melita television subscribers will have free access to five new sports channels: Malta Stars, Football Stars 1, Football Stars 2, ALL Stars and ALL Stars HD All Melita L and XL TV subscribers will be able to access Malta Stars for free with broadcasts of local sporting events such as Malta’s BOV Premier League, Malta football international games, water polo, boxing, a new in-house production with daily sports news updates and more. In addition to free access to Malta Stars, Melita XL TV subscribers will also have free access to Football Stars 1, Football Stars 2, ALL Stars and ALL Stars HD. Football Stars 1 and Football Stars 2 will provide live coverage of international football such as the Spanish Primera Liga, Bundesliga, the Coca-Cola Championship, Carling Cup, Bayern Munich TV, Barca TV amongst other international matches. ALL Stars offers a wide vari- ety of international sports including WWE Wrestling, TNA Wrestling, NBA basketball matches, Red Bull Events, Boxing and many more. Several sports events will continue to be broadcast in high definition and will be made available as part of the standard package to all those subscribed to the Melita Netbox HD. ALL Stars HD offers free access to one live broadcast in HD at a time of the best sporting events carried on Malta Stars, Football Stars 1, Football Stars 2 and ALL Stars. Melita also launched an additional Sports package consisting of 9 Premium Channels dedicated to top football leagues covering all UEFA Champions League games, UEFA Europa League games, Copa Libertadores, and highlights from other top leagues. This football package will be offered from as little as €9.99 a month with free HD access to the broadcast of Champions league games and other international football matches on Melita Sports HD (High Definition) for all customers enjoying a Melita Netbox. The Premium Package is being offered for only €9.99 a month for all those subscribers who register by the 30th September 2010 and committing to a year of service. Thereafter, the price for the Premium Package will remain at €9.99/month for L and XL TV subscribers and €12.99 for M subscribers, or all those opting for a month on month service. Your apartment is waiting to be viewed! from BRITO’s (www.aabrito. com) Nagare Collection, while a Linear Matrix kitchen all in high gloss white was supplied by Meldoy Cucine (www.melodycucnine.com). The focal point in the living area is the white leather 3 seater with a chaislounge model London, by Alpa Salotti of Altamura Italy (alpasalotti.it). The newly launched bedroom model by Welle (welle. com) model Lavaza, which was recently in on display at the IMM in Cologne, was used for the main bedroom, accompanied by a spare bedroom from Iranzo (Iranzo. com). R Living – Mriehel By-pass, Qormi. T: 21 499 699; E: info@rliving.com.mt. Pendergardens - St. Julian’s T: 22488600. www.pendergardens.com; E: info@penderville.com PENDERGARDENS have recently launched their latest showflat in block 15. R Living of Mriehel Bypass Qormi, have been entrusted as the sole furniture supplier, while the interior design was in the hands of Greta Apap Bologna of Greta Design. Apartment 1521 is a twobedroom apartment, which has been completed to the highest standards and specifications. The apartment offers the latest in stylish living, whilst still retaining comfort and that “homely” feel. In line with the latest trends, the furniture selected, showed minimal designs as well as a combination of full high polish in white lacquer and wood finish in grey oak. Keeping in mind the beauty, elegance and style of the property, the furniture in living and dining area was selected 23 Foreign maltatoday, WEDNESDAY, 21 JULY 2010 NATO to withdraw from Afghanistan as allies rethink ‘failed’ strategy AFGHAN president Hamid Karzai has called for NATO withdrawal from Afghanistan by 2014. He was speaking in front of more than 40 foreign ministers at a conference to set a tentative timetable for Kabul to take the lead in building and securing Afghanistan. Opening the Kabul international conference – the first of its kind to be held in Afghanistan in recent decades - Karzai said: “I remain determined that our Afghan national security forces will be responsible for all military and law enforcement operations throughout our country by 2014.” The handover process could begin as soon as next year. The conference, held amid tight security in the Afghan capital, set the beginnings of a transition allowing foreign troops to switch from the front line to training roles as the Afghan army and police grows. It also coincides with reports that Washington may be reconsidering its strategy in Afghanistan, as military strategists argue for some kind of negotiations with the Taliban. The conference has been billed as the beginning of a “Kabul process” which will see Afghanistan weaning itself from international dependence and given a greater say in how donor money is spent. After eight years of ineffective government, the event is seen as a critical chance for Hamid Karzai to win over his own disillusioned population. He promised legislation to cut rampant corruption and a communiqué will announce targets for growing agriculture, the economy, education and reforming the civil service. Mr Karzai also wants to increase the amount of aid money being controlled by the Afghan government to rise to 50 per cent from the current 20 per cent. Liam Fox, Defence Secretary, said at the weekend that British troops were scheduled to leave the front lines by 2014. William Hague, Foreign Secretary, told the conference the province-by-province handover to Afghan troops should be “gradual and determined by Afghan capacity, but should be able to start soon.” He said any solution to the eight-year-long insurgency required a “just and inclusive political settlement”. Britain has 9,500 troops in Afghanistan and has lost 322 since operations began in 2001. Casualty rates have acceler- ated in the past 18 months. Barack Obama has previously said American troops numbers would start to gradually reduce from July 2011. Hillary Clinton, American secretary of state, told the conference the July 2011 date “captures both our sense of urgency and the strength of our resolve”. “The transition process is too important to push off indefinitely. “But this date is the start of a new phase, not the end of our involvement. We have no intention of abandoning our long-term mission of achieving a stable, secure, peaceful Afghanistan.” She gave support to a plan to coax 36,000 fighters to lay down their arms if they “renounce violence and al Qaeda”, but said any peace settlement must not sacrifice the rights of women who faced repression under the Taliban regime. Ireland recognises same-sex unions THE Republic of Ireland has passed legislation recognizing unions between same-sex couples on an equal footing with marriage. The Civil Partnership Bill, which provides legal recognition for same-sex couples in the largely Catholic country, was signed into law on Monday President Mary McAleese at Áras an Uachtaráin. It extends marriage-like benefits to gay and lesbian couples in the areas of property, social welfare, succession, maintenance, pensions and tax. The act also offers additional rights and protections for other cohabiting couples, including a redress scheme for financially dependent long-term cohabitants on the end of a relationship. Announcing the signing of the Bill today, Minister for Justice Dermot Ahern described it as “one of the most important pieces of civil rights legislation to be enacted since independence.” “This Act provides enhanced rights and protections for many thousands of Irish men and women. Ireland will be a better place for its enactment,” he said. “It is of tremendous social significance, for the couples who can now register as partners, for their friends and families - ultimately, for all of us,” Mr Ahern added. Changes to the tax and social welfare code will be made in the next finance and social welfare Bills. The Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010 is expected to be commenced when those changes take effect. The first civil registrations for same-sex couples are likely to take place early next year. The Bill was approved by the Seanad by 48 votes to 4 at 6.30pm on Friday 9 July, having completed its passage though the Dáil the previous week. The legislation was widely supported in both the Dáil and Seanad. The Green Party this afternoon welcomed the singing into law of the Bill. “Today is a good day for all Irish citizens. This Act is a significant step forward and a stepping stone towards greater equality in our society, said the party’s justice spokesman Irish President Mary McAleese Trevor Sargent. “I look forward to the first ceremonies that will be held under this Act from next Janu- ary. They mark an important venture for our society for which we have waited far too long,” he added. 24 maltatoday, WEDNESDAY, 21 JULY 2010 THIS WEEK TV / CINEMA AT CINEMAS TODAY Embassy Cinemas Valletta Tel. 21 227436, 21245818 20:05 – The Simpsons – Italia 1 22:45 – Blades of Glory – Italia 1 TVM One News 20:00 L-Aħbarijiet 20:40 Dellijiet 21:30 Meander 22:00 Mixage FAVOURITE CHANNEL NET TV 19:45 Net news 20:30 4-Given 21:45 Net Tube 23:00 Net News ONE 19:30 One News 20:00 Konfini 20:30 BarB-Q 22:00 On D Road 22:45 Tango 23:15 09:15 Favourite News 15:00 Vespri 17:00 Bingo 75 18:15 Favourite News 20:15 Favourite News 21:00 60 Minuta 23:15 Favourite News CANALE 5 17:40 Tg5 18:05 Insieme appassionatamente 18:50 1 contro 100 20:00 Tg5 20:30 Velone 21:10 I Cesaroni 3 ITALIA 1 00:40 – Hot Shots! – Italia 1 18:25 Studio Aperto 19:30 Tutto in famiglia 20:05 I Simpson 20:30 Mercante in fiera 21:10 Superhero 22:45 Blades of Glory 00:40 Hot Shots! RETE 4 18:55 Tg4 19:35 Tempesta d’amore 20:30 Renegade 21:10 Life 23:15 24 02:05 Il cacciatore di squali RAI UNO 20:00 Tg1 20:30 Da Da Da 21:20 Mr & Mrs Smith 23:30 Tg1 23:35 Mare latino 03:05 Che fine ha fatto Baby Jane? RAI DUE 20:30 Tg2 21:05 Ghost Whisperer 22:40 Brothers & Sisters 23:25 Segreti dal passato 23:25 Tg2 02:20 Professione: avventurieri RAI TRE 19:00 Tg3 20:00 Blob 20:15 Seconde chance 21:05 Tg3 21:10 Amore criminale 23:10 Tg Regione 23:15 Tg3 Linea Notte Estate 23:50 Doc 3 Eden Cinemas St Julians Tel. 21 JULY 710 400 Films released by KRS Distributors The Killer Inside Me The Killer Inside Me tells the story of handsome, charming, unassuming small town sheriff ’s deputy Lou Ford (Casey Affleck). Lou has a bunch of problems. Woman problems. Law enforcement problems. An ever-growing pile of murder victims in his West Texas jurisdiction. And the fact he’s a sadist, a psychopath, a killer. Suspicion begins to fall on Lou, and it’s only a matter of time before he runs out of alibis. But in Thompson’s savage, bleak, blacker than The Eclipse - Twilight Saga (12) 10:30, 13:40, 16:15, 18:45, 21:15 Inception (12) 10:30, 14:30, 18:00, 20:55 Prince of Persia: The Sands of Time (PG) 10:10, 16:10, 18:35, 21:00 Shrek Forever After – The Final Chapter (U) 10:00, 12:10, 14:20, 16:30, 18:40, 20:50 Predators (16) 14:00, 16:15, 18:30, 20:55 Killers (PG) 10:00, 12:15, 14:30, 16:45, 19:00, 21:10 noir universe nothing is ever what it seems, and it turns out that the investigators pursuing him might have a secret of their own. Showing soon Toy Story 3 Wild Target (12) 14:20 16:30 18:45 21:10 23:20 Killers (PG) 14:20 16:30 18:45 21:10 23:20 Prince of Persia: The Sands of Time (PG) 14:00, 16:20, 18:50, 21:15, 23:35 Predators (16) 14:10, 16:25, 18:40, 21:05, 23:20 Shrek Forever After – The Final Chapter (U) 14:20, 16:25, 18:40, 20:45, 22:45 The Twilight Saga – Eclipse (12) 14:30, 18:15, 21:10, 23:45 Clash Of The Titans (12) 14:00, 16:20, 18:35, 20:55, 23:10 I Love You Philip Morris (18) 14:05, 16:20, 18:35, 20:50, 23:00 Whip It (14) 14:00 16:20 18:35 20:55 23:20 Shrek Forever After – The Final Chapter (U) 14:10, 16:15, 18:25, 21:00, 23:05 Sex and the City 2 (16) 14:25, 18:00, 21:15 When In Rome (12) 14:15, 16:15, 18:25, 21:00, 23:00 Robin Hood (PG) 14:25 17:55 20:45 23:30 She’s Out of My League (14) 14:10, 16:30, 18:40, 21:05, 23:15 Inception (12) 14:30, 18:10, 21:15 Get Him To the Greek (18) 14:15, 16:35, 18:50, 21:05, 23:20 Empire Cinemas Bugibba Tel. 21 581 787, 21 581 909 The creators of the beloved Toy Story films re-open the toy box and bring moviegoers back to the delightful world of Woody, Buzz and our favorite gang of toy characters in Toy Story 3. Woody and Buzz had accepted that their owner Andy would grow up someday, but what happens when that day arrives? In the third installment, Andy is preparing to depart for college, leaving his loyal toys troubled about their uncertain future. Showing soon StreetDance (U) 13:45, 18:45 When in Rome (12) 16:10, 21:10 Shrek Forever After – The Final Chapter (U) 13:30, 16:00, 18:30, 21:00 Inception (12) 14:10, 17:45, 20:45 The Twilight Saga – Eclipse (12) 13:40, 16:10, 18:40, 21:10 Predators (16) 14:00, 16:20, 18:40, 21:00 Wild Target (12) 14:05, 16:25, 18:50, 21:15 Killers (PG) 14:15, 16:30, 18:45, 21:05 25 maltatoday, WEDNESDAY, 21 JULY 2010 THIS WEEK WHAT’S ON NIGHTLIFE –08:00 – 17:00; Saturdays – 08:00 – 13:00. THURSDAYS UNTIL JULY 31 The House of Chill A Sight to Sea Relaxed DJ Nights at Surfside, Sliema from 20:00. Free entrance. Inaugural exhibition for SoGalerie, Dun Karm Street, Iklin, featuring photographs by David Pisani taken with an archaic pinhole camera. Opening hours: Monday to Friday 10:00 – 17:00, Saturday 10:00 – 13:00, or by appointment. FRIDAYS G7 Fridays Gianpula Regular summer clubbing nights at Gianpula Main Room and Groove Gardens, limits of Rabat. Bursting with a mix of summer classics as well as the new upfront club smashes. Tickets from www.g7events. com/tickets/g7fridays/. Infoline: 79767630 UNTIL JULY 31 Ten Daytime party at Marrakech Club, Gianpula Complex, limits of Rabat, from 15:00 to 23:00. Featuring The Hacker and DJ Misjah. Entrance is at €15. More info: http://www.myspace.com/ cirkusmalta, www.gianpula. com. Exhibition by Higher National Diploma of MCAST students at the Magazino, Valletta Waterfront. Featuring varied work with the aim of renovating the venue. Artists include: Sarah Mamo, Jennings Falzon, George Micallef Eynaud, Daniella Camilleri, Sean Camilleri, Ryan Falzon, Jamie Farrugia, Kirsten Fenech, Sabrina Calleja Jackson and Kamy Aquilina. Opening hours are 09:00 – 19:00. www. FA-10.com. MUSIC ARTISAN MARKET July 24 JULY 25 JULY 25 The Hacker & DJ Misjah Joseph Calleja with Dionne Warwick and Claudio Baglioni The Maltese tenor will be performing in collaboration with fellow musicians at the Granaries, Floriana. More information to follow on www. nngpromotions.com. Patches – The Special Market Fields from 20:00, courtesy of Knockout Events. Tickets are at €35, with VIP tickets at €50 and VVIPs at €100. Contact: faithlessliveinmalta@gmail.com JULY 28 EXHIBITIONS Winter Moods JULY 15 – AUGUST 7 The band will be performing at the Granaries, Floriana. Tickets start from €15 and are available from all Vodafone, Agenda and Exotique outlets or from www. nngpromotions.com. There is also a limited time offer of two tickets for the price of one offer that is also available to all Vodafone subscribers from Vodafone outlets until Tuesday, 15 June. Portraits in Jazz JULY 30 Exhibition of themed paintings and photographs in conjunction with The Malta Jazz Festival at Artitude Gallery, 17, Tigne Street, Sliema. Including work by Jeni Caruana, Ebba Von Fersen Balzan, Olaug Vethal, Patrick Fenech, Joseph Smith, Darrin Zammit Lupi and Pierre Stafrace. Opening hours are Monday to Friday at 10:00 to 13:00, 16:00 -19:00; Saturdays from 10:00 to 13:00. Brikkuni live Brikkuni will be giving their summer concert at The Garden of Rest, Floriana from 21:30. Timmy Ellis will be resident DJ on the night. Entrance is at €7. Bookings: brikkun@gmail.com AUGUST 7 Faithless live in concert The popular UK electronica act will be playing at Gianpula UNTIL JULY 26 Relocation – Emerging artists from Malta Collective exhibition at Bank Of Valletta Centre, Sta Venera. Featured artists are Emanuel Bonnici, Gilbert Calleja, Patrick Mifsud, Teresa Sciberras, Elisa von Brockdorff, Michael Xuereb. Curated by Raphael Vella. Opening times: Weekdays Patches Market will once again take place at the Upper Barrakka Gardens, Valletta from 17:00 to 23:00. Featuring handmade items by local artisans, with music in the evening: The Instincts will play an acoustic set, while Karen and Joseph will play a pianoaccordion set featuring Waltz and traditional Maltese music, with DJ Bob wrapping up with indie tunes. FILM FESTIVAL AUGUST 6 – 8 Kinemastik Short Film Festival The sixth edition of the Kinemastik Short Film Festival will take place at the Herbert Ganado Gardens, Floriana from 16:30 and will feature screenings, performances, workshops and a mid fest party. MALTA ARTS FESTIVAL The festival comes to a close this week. More information: www.maltaartsfestival.com JULY 20, 21 Maladies and Melodies Performance by The European Union Baroque Orchestra at Ambassador’s Room, Auberge de Castille, Valletta, 21:00. Entrance is at €15, with €10 concessions. JULY 22, 23 A Midsummer Night’s Dream Winter Moods Performance of William Shakespeare’s classic play by performers of The Globe Theatre, London at Argotti Gardens, Floriana, 21:00. Entrance is at €15, with €10 concessions. UNTIL JULY 23 Spaces/Spazji A visual art project comprising works by Sean Gabriel Ellul, Fabrizio Ellul, Ruth Bianco, Anton Grech and James Micallef Grimaud will be taking place along Strait Street, Valletta between 10:00 – 19:00. 26 Classifieds ANTIQUES ANTIQUE carved wood, original Punch and Judy puppets 21 in all in good condition, original clothes to sell for the price €750. Call 79571435 POMSKIZILLIOUS museum of toys in Xaghra Gozo: Open Monday to Saturday 10:30 - 1 and 4 - 6, July to September. October mornings only Monday to Saturday from 10:30 1. Groups by appointment. Now in its 18th year this small museum is packed with toys of bygone ages - a trip back into the past. Call for an appointment 21562489 BOATS SPEEDBOAT 13ft, no outboard, plywood coated externally with fiberglass. Lovely, fast, stable boat for who appreciates fine craftsmanship. Licensed and takes up to 30-40hp outboard. Price €750. Call 21382704, 79320055 FOR SALE BRONZE sliding aluminium window with net, €70. Aluminium window with two leaves, €50. Decorative wrought iron window, €80. Venetian blind, €50. Mahagony desk, €150. Measurement 150x120 in very good condition. Call 79412364, 21412364 DELL 1735-3887 Dual Core T3200 2GB Ram 120GB HD DVDRW WiFi 17” Windows Vista Home Premium, maltatoday, WEDNESDAY, 21 JULY 2010 refurbished with 1 year warranty. Price €500 inc Vat. Call 27333123, 99977722 HP 6720s Celeron 530 1GB Ram 80GB Hard Disk DVDRW 15.4” WiFi Vista Home Basic, refurbished with 1 year warranty. Price €350 inc Vat. Call 27333123, 99977722 L450-17L Celeron-M 900 2.2GHz 2GB memory 250GB hard drive 15.6” WXGA DVD-Super, WiFi, WebCam, Windows 7 Home Premium 64/32, refurbished with 1 year warranty. Price €550 inc Vat. Call 27333123, 99977722 OLD Bakelite black in excellent condition. Price €60. Also Guinness sign 20 inch by 15. Call 99233516 PACKARD Bell SL51-B-470UK Turion X2 RM-72 3GB Ram 250GB HD DVDRW WiFi 17” Windows Vista Home Premium, refurbished with 1 year warranty. Price €510 inc Vat. Call 27333123, 99977722 GENERAL MODERN boutique units including clothes stands with light fittings and cash unit. Ideal for shops. Also stock of men’s suits. Very low prices. Call 79709085 LETTING ATTARD, one car garage in Triq ilBallut, street level with front patio. Price €3 daily. Call 21440261, 79440261 BAHAR IC-CAGHAQ, nicely furnished and finished two bedroom flat having two yards, sitting/living/ dining combined. Price €480 monthly. Call 99267747 BALZAN, one car garage in Kannizati street. Price €3 daily. Call 21440261, 79440261 BUGIBBA/ST PAUL’S BAY, long and short lets, one/two/three bedroom flats. Prices start from €230 per month. Contact owner 79732780 FGURA, street l evel seven car garage (20x65ft) near HSBC having water, electricity, bathroom and yard. Call 99843441 MARSASCALA, unfurnished or semi-furnished new apartments, two bedrooms, two bathrooms, finished to high standards. Fully equipped kitchens and bathrooms. Long lets. Price €250 to 400 monthly. Call 99498767 MGARR, new maisonette with three bedrooms, kitchen, living, dining, two bathrooms, washroom, back large yard, fully new furnished. Must be seen. Price €350 monthly. Call 21570123, 99428930 MGARR, new third floor apartment, luxury and superbly fully furnished, three bedrooms, kitchen, dining, lounge, two bathrooms, washroom, terraces with panoramic views. Price €450 monthly. Worth viewing. Call 21570123, 99428930 QAWRA, shop near police station and bus terminus. Good exposure and passing trade. Call 99474403, 79618595 dining, front and back balconies, box room. Served with lift, spacious semi basement, optional garage. Price €150,000. Call 99471308 RABAT, six car garage 100 sqm, used to be a factory. Call 21455152, 99427834 ATTARD, a semi detached villa painstakingly transformed into a dream home by its present owners. With marble and parquet finishes, accommodation comprises a welcoming hall, large open plan fitted kitchenbreakfast room, TV and lounge area leading to an established garden, study, formal lounge-dining room, second kitchen, four double bedrooms (master with walk-in wardrobe and an ensuite bathroom), bathroom and spare toilet. Garage, car port and space for swimming pool. Price €733,500. Call 79429400 SLIEMA/GZIRA, well known located restaurant licenced until 1am with storage and offices. Good income all year round. Call 99888146 SWIEQI, a modern flat with one bedroom, large kitchen, dining, living room, bathroom/shower. Fully airconditioned, washing machine, TV, CD. Owner away for a year or two. Price €400 monthly. Six minutes walk to Baystreet. Call 99233516 SWIEQI, centrally situated 30sqm shop with front terrace. Ideal for any kind of business. Price €15 daily. Call owner 99267747 XLENDI, Gozo holiday flats close to beach for short lets. Reasonable rates. Call 21551979, 99493298 PETS TORTOISES one year old, locally bred. Price €40 each. Call 21417258, 79211398 PROPERTY FOR SALE ATTARD, 145sqm apartment, facing open area with views of Mdina. Three double bedrooms, one ensuite, bathroom, kitchen/living/ BAHAR ic-Caghaq, airspace for a three bedroom penthouse with unique sea and country views. Has a permit. Can also be exchanged for a flat. Price €174,703. Call owner 99267747 BAHAR ic-Caghaq, finished and furnished two/three bedroom, sitting/ kitchen/dining combined. Elevated ground floor flat, having two yards. Situated in a new block. Call owner 99267747 BAHAR ic-Caghaq, nicely furnished and finished three bedroom flat, all new with two yards. Price €193,337. Call owner 99267747 BIRKIRKARA, houses of character with one, three or six bedrooms. Works required ranging from FOR ONLY €3 – 2 CLASSIFIEDS FOR 3 WEEKS Choose category. Fill in the boxes provided. Write in block letters. Your advert will appear for three weeks in both MaltaToday, MaltaToday Wednesday, and www.maltatoday.com.mt. This offer does not apply to Real Estate agents. Send your form to: MaltaToday Classifieds, Media Today, Vjal ir-Rihan, San Gwann SGN 9016. Together with a €3 cheque payable to MediaToday Co. Ltd. Name: ________________________________ Address: _______________________________________________________ _______________________________________ Tel: ___________________ email: _________________________________ ANTIQUES BOATS FURNITURE GENERAL LETTING PETS PROPERTY SITUATIONS WANTED SITUATIONS VACANT SERVICE TUITION VEHICLES / PARTS WANTED ANTIQUES BOATS FURNITURE GENERAL LETTING PETS PROPERTY SITUATIONS WANTED SITUATIONS VACANT SERVICE TUITION VEHICLES / PARTS WANTED ALL PRICES INDICATED FOR YOUR PRODUCT OR SERVICE MUST BE IN EURO 27 Classifieds maltatoday, WEDNESDAY, 21 JULY 2010 maltatoday.com.mt 28 Classifieds stone work till building only one room. Freehold, and starting from the price of €50,000. Call owner 99447444, 21252455 or email carl@77ltd.com BIRKIRKARA, maisonettes and flats in best part of town, high quality finish except interior doors. Two and three bedroom starting from €90,000. Call 79571435 GHARGHUR, An amazing house of character in the core of this tranquil village! Hall, sitting, dining, kitchen, TV lounge leading onto a 100ft garden with pool, sundeck and BBQ area, guest toilet and a picture perfect courtyard giving light to the whole house! Three double bedrooms – two en suite bathrooms, laundry! Price €650,000. Call 79429400 IBRAG, an enchanting Villa with one of the most sought after addresses on the Island! Set in tranquil surroundings this wonderful home boasts a lush front garden and a sizable swimming pool with ample deck area. Imposing entrance hall, lounge, dining area, living room, study, four double bedrooms, two bathrooms (one en suite), guest toilet, basement games-room and two-car garage, washroom, store room/pantry. Price €907,500. Call 79429400 IKLIN, new finished penthouse having two bedrooms, open plan, bathroom, washroom, front terrace, back balcony, own airspace and lift. Freehold property. Must be seen. Call 21570123, 99428930 MADLIENA, spacious Semi Detached Villa on a half Tumuli plot (560 sq meters) set in a very quiet part of this elite location having a wide entrance hall leading on to a large sitting room, separate dining room, spacious fitted kitchen, three double bedrooms, bathroom and en suite shower as well as an office, games room and family room which leads on to a generous garden with BBQ area and large swimming pool. Property also boasts a two car garage with extra storage space making it an ideal family home. Price maltatoday, WEDNESDAY, 21 JULY 2010 €747,000. Call 79429400 MGARR, new furnished to very high standards maisonettes, three bedrooms, kitchen, living, dining, two bathrooms, washroom, backyard and front terrace. Must be seen. Price €71,000. Call 21570123, 99428930 MGARR, new lock up garages finished to high standards. For sale or to let at affordable rent. Must be seen. Call 21570123, 99428930 MOSTA, spacious apartment having three bedrooms, main with ensuite. Own roof and air sapce. Furnished if desired. Call 99058123, 99475192. No agents MOSTA, tal-Isperanza maisonette with three bedrooms, kitchen, dining room, lounge, two bathrooms, wash room, back yards. Very modern and furnished. Must be seen. Price €174,700. Call 21570123, 99428130 NEW large apartment having three double bedrooms, large open plan, kitchen/dining/living (35ft x 22ft), ensuite, boxroom, main bathroom and balconies. Very good value for money. Price €90,000. Call owner 79539411 QAWRA, seafront apartment furnished with lift. Price to sell €122,000 to sell. Call owner 99242312, 21411598 RADISSON Blu holiday ownership, SAS Golden Sands, deluxe, red, rated five star, sea view and country view, red time all year round, sleeps six, two bathrooms, unobstructed views from inside, affiliated interval, international exchange in 99 countries. Available for rent or sale. Call 79444755 SAN PAWL TAT-TARGA, a golden opportunity to acquire a plot of land complete with full development permits to construct an amazing Semi Detached Villa in this most prestigious location! Villa will comprise a bright entrance area, open plan kitchen and living, dining, three double bedrooms, two bathrooms (one en suite), front, side and back garden with swimming pool, large underlying garage and games room! Don’t miss out! Price €370,000. Call 79429400 room apartment, kitchen, living, dinner, bathroom, use of roof, fully furnished with lift. Price €67,550. Worth viewing. Call 21370123, 99428930 SAN PAWL TAT-TARGA, great opportunity! Fully Detached Villa on a tumolo plot (1124 sq meters) with a lovely mature garden with ample space for large pool and sun deck. Elegant entrance hall with marble flooring, large sitting room, formal dining room, separate large TV lounge, separate kitchen/breakfast room with interconnecting pantry and garage. All rooms lead directly to the surrounding garden and property has an abundance of light throughout. Five double bedrooms (four upstairs and a guest bedroom/ office at ground floor level), two bathrooms, shower, large terraces, box room, four car drive/carport and more! Price €1,150,000. Call 79429400 SWIEQI/IBRAGG, excellent location, four bedroom corner terraced house with three bathrooms, kitchen, dining room, lounge, wash room, roof, garden and six car garage. Must be seen. Price €415,000. Call 21570123, 99428930 SITE to develop, even houses, airspace, inheritance with tenants etc. Joint ventures/part exchange considered too. Call developer on 99447444, 21252455 SLIEMA, a magnificent Penthouse in Dingli Street served with lift and intercom and enjoying abundant natural light and lots of space! Open plan dining, sitting and kitchen with large doors leading on to a wonderful terrace enjoying a beautiful panorama of town and partial sea views! This property has three bedrooms, bathroom, en suite shower and a utility room. Price €349,500. Call 79429400 SLIEMA, four bedroom/four bathroom house on ground and first floors. Four reception rooms, two kitchens, internal yard and small back garden. Air space- penthouse possible. Ideal for extended families. Minor alterations required. Price €480,000. Call 99498767 SLIEMA, St Gregory’s Church area, 12 room townhouse on ground and first floors, light and airy, imposing entrance and staircase, four/ five bedrooms, four bathrooms, spacious lounge and dining room with traditional Maltese balcony and fireplace, kitchen, study/dayroom, private roof with possibility of a penthouse or additional floors. Minor alterations required. Price €480,000 or very near offer. Call 99498767 SLIEMA, Tower Road, seafront fully furnished three double bed in single block (walking distance to shops). Price €550,000. Call 77446655 VACANCY Journalist Mediatoday is looking to immediately employ a journalist on a part-time/full-time basis. Preference will be given to those individuals with prior experience in reporting and journalism. Applicants must be fluent in both Maltese and English. The applicant must be willing to work in a team and is conversant with uploading news on internet. Working weekends and knowledge of audio-visual techniques would be required. Managing Editor, MediaToday, Vjal ir-rihan, San Gwann or Email to sbalzan@mediatoday.com.mt Send to: The Managing Editor MediaToday, Vjal ir-Rihan, San Gwann SERVICES A property site backed up by personal service; www.property-maltaproperty.com. Call 79429400 ORDER your decorative mugs now. Your choice of wording, photos, pictures for every occasion. Surprise your beloved ones. An ideal gift at a very good price. 79998232 SITUATIONS VACANT A personal driver is required on a part time basis. Applicants must be over 25 with a clean police conduct. Call 99843441 HOUSEKEEPER needed three to four times weekly in the evenings. Kindly call 79603203 MAID is required to work in a family residence. Must be over 21 years of age. Call 79999928 PHARMACIST is required to work for three mornings per week. Call 79483139 SALES person, mature and experienced for a toy shop and marine accessories. Also outboard mechanic for fitting and servicing of engines. Call 79732780 SITUATIONS WANTED LOOKING for a job as a carer with an elderly lady. Doing the necessary work and sleeping at her place. Call 79988024, 21822093 TUITION FORM 1 next year? Start French and Italian now while improving your English and Maltese too. Lessons in Paola starting soon. Also forms 2, 3, 4 and 5. Matsec September resits in English and Maltese. Matsec 2011 Italian, French, Maltese and English. Call 21697187, 99804695 lessons for Matsec 2010-2011 on one to one attention. Also for Mcast foundation courses. Call 99242312, 21411598 MALTESE form 1 to 5. Resits September 2010. Ordinary/ Intermediate/Advanced Level 2011. Notes provided. University graduate. Central area. Call 21410218, 79999928 PRIVATE lessons in Maths, English and Physics for Forms 3, 4 and 5. Call 21417258, 79211398 RESIT O’Level classes starting soon. Contact St. Mark’s Institute on 21487115, 79443940 or email stmarks@onvol.net RESITS September 2010, Maths and English at O’Level at Naxxar. Call 21417258, 79211398 SECRETARIAL course starting very soon. Contact St. Mark’s Institute on 21487115, 79443940 or email stmarks@onvol.net. A 5% discount on course fee if applying by 13 July. VEHICLES AND PARTS FIAT Brava, four original wheels 14x5.5, as new and very little used. Price €150 for four, Four matching hubcaps €15 each but €50 for four. Call 21382704, 79320055 FORD Focus 1.8 TDCi Zetec. Light Blue, 2006. Mint condition. Price €12,000. Call 99477956 FORD Ka , black and one owner, full extras. Very good condition, garaged. Price €3,300. Call 99807321 MITSUBISHI Colt Mirage. Black colour, 2005. Mint condition. Price 9,200. Call 99477956 PEUGEOT 407, 16HDi SE. Silver colour, 2005. Mint condition. Call 99477956 TOYOTA Auris T3 D4D. Grey colour, 2007. Mint condition. Price €14,500. Call 99477956 TOYOTA Yaris T3, 5/3 door, 10/13 cc. Choice of four: black, red and white. Price €9,200. Mint condition. Call 99477956 VW Golf Tdi. Grey colour, 2006. Low licence and in mint condition. Price €12,800. Call 99477956 GRAPHICAL communication private SPINOLA Bay, restaurant first class Italian fully furnished. Running concern with tenets paying rent for fours contract. Price freehold €525,000. Excellent investment. Call 77446655 ST JULIAN’S Bay seafront restaurant, wine bar built with aquarium for seating customers unique first class fully furnished Italian style. Available as investment yielding rent for four year contract. Freehold. Price €525,000. Call 77446655 ST Paul’s Bay, top floor two bed- Automatic bed, ideal for the elderly has been purchased only 5 months ago, it is fully adjustable by push button and includes side rails, waterproof mattress and side food table. €900.00. Mob. 99031619/21228514. FOR MURAL/GRAFFITI WORK, SHOP SHUTTER ARTWORK, PAINTED SIGNWORK & LETTERING ETC. – Call Steve on 99059174 or email leftylemur@gmail.com 29 Sport maltatoday, WEDNESDAY, 21 JULY 2010 SPORTTODAY TOUR de FRANCE Fedrigo denies Armstrong stage win LANCE Armstrong failed in a brave bid to win a stage in his final Tour de France as Pierrick Fedrigo won stage 16 in Pau yesterday. The seven-time champion was part of a nine-man break that contested the sprint finish at the end of the Queen stage in the Pyrenees that featured four epic climbs on the 189.5km route from Bagneres de Luchon. But the American who could not match the turn of pace of the Bbox Bouygues rider who secured France’s sixth stage win in this year’s race. It was a case of déjà vu for Fedrigo as he won the Pyrenees stage to Tarbes last year on a route, like today, that also crossed the famous ascents of the Col d’Aspin and the Col de Tourmalet. The 31-year-old burst away on the in the final metres to beat compatriot Sandy Casar (FDJ) and Spain’s Ruben Plaza (Caisse d’Epargne) to the line after a brave solo bid for Carlos Barredo was thwarted. The Spaniard attacked his fellow escapees at the foot of the descent of the Col d’Aubisque with 40km remaining but was caught as he passed under the Flamme Rouge. There were no changes in the top 10 on the overall standings with Alberto Contador, who expressed his regret after snatching the yellow jersey after benefiting from rival Andy Schleck’s mechanical problem in the 15th stage, retaining his eight second lead over the Luxembourg rider going into the rest day. Stage winner Pierrick Fedrigo of France, Ruben Plaza Molina of Spain, Christopher Horner of the US, Carlos Barredo of Spain and Sandy Casar of France, left to right, cross the finish line of the 16th stage of the Tour de France cycling race over 199.5 kilometers HORSE RACING U*BET HorseRacing Malta - Sicily Encounter Race 2010 THE Malta Racing Club is pleased to announce that the 2010 Malta – Sicily Encounter Race will be held in Malta for the first time on the 23rd July at the racing track in Marsa. The U*BET HorseRacing Malta–Sicily Encounter Race is a first for Malta as 10 Italian horses will be visiting our island to race in this unique and special encounter race. Dr Matthew Brincat, Malta Racing Club Chairman commented that “after last year’s successful event which was held at the “Ippodromo del Mediterraneo” in Syracuse where we had 8 Maltese owned horses crossing over to Sicily and racing against Italian bred horses, this year the Club has organised a double heat, one in Malta on the 23rd July, and the second leg in Sicily on the 1st August.” He continued, “although encounter races between Maltese drivers or jockeys against foreign representatives have been held at the Club for a long time, it is the very first time that now even the horses are coming over to race, not just the driver or jockey, which as one would expect is definitely not an easy task to organise such an event.” Since taking over the management of the track, Dr. Brincat and his fellow club directors have strived to organise unique events, which attract more people to the sport of horse racing. Mr Cassar, Maltco Lotteries General Director, said “Maltco Lotteries Ltd. has in the last 2 years built a very good relationship with the Malta Racing Club and is once again very pleased that through one of its games – U*BET HorseRacing is being part of this first event for Maltese Horse Racing.” U*BET HorseRacing has now been in operation for over 2 years with a link to Swedish horse races shown live in most of Maltco Lotteries outlets both in the afternoon and evenings as well as on weekdays with one of the most renowned race, the V75, held every Saturday. The U*BET HorseRacing Malta – Sicily Encounter Race, will consist of twenty participants, 10 horses representing Malta and 8 Italian bred horses, that will run two races on the same day over a distance of 1640m. The pro- gramme will hold a heat between the Maltese participants and another heat between the Italian representatives. The first 5 from each heat will participate in the Main Final, whilst the other horses will run in a Consolation Final. At the end of the Press Conference, both Dr Brincat and Mr Cassar thanked all those involved especially the organisers and the horse owners for their participation in such a historic event for Maltese horse racing. 30 Sport maltatoday, WEDNESDAY, 21 JULY 2010 FOOTBALL FORMULA ONE Germany coach Joachim Loew signs contract extension until 2012 THE German head coach has signed a new deal with the DFB. Joachim Loew’s contract with the German football association (DFB) expired after this summer’s World Cup and the tactician’s future has been surrounded by question marks since the end of the tournament. However, the former Fenerbahce coach is now set to sign a contract extension with the DFB after lengthy negotiations about a new deal. According to a report in Bild, Loew has agreed terms with the DFB about a new two-year contract. The 50-year-old will be in charge of der Mannschaft during both the Euro 2012 qualifying campaign and the tournament in Poland/Ukraine itself as a result of the contract extension. Assistant coach Hansi Flick, team manager Oliver Bierhoff and goalkeeper coach Andreas Jenson Button and Lewis Hamilton Hamilton: We never fight like Red Bull Joachim Loew Koepke have all signed new deals until 2012, too. “I’m very happy that we’ve managed to hold on to Joachim Loew and his technical staff. German football has made some great progress since 2004 and the contract renewal of Loew was one of our main priorities,” was DFB president Theo Zwanziger quoted as saying at a press conference. FORMULA One championship leader Lewis Hamilton is certain the in-fighting affecting rivals Red Bull could never happen at McLaren despite team mate Jenson Button lying just behind him in second spot. Red Bull’s Mark Webber won the British Grand Prix at Silverstone on July 11 but the Australian was incensed after the team took a new wing off his car and handed it to teammate Sebastian Vettel for the qualifying session. Hamilton coasted to a second place finish to stretch his overall lead to 12 points while defending champion and fellow Briton Button came in fourth before letting his team mate hop in his road car. “He gave me a lift home at Silverstone last week and I would do the same for him,” Hamilton said, while acknowledging the pair are not best friends and rarely relax together. “No, there’s respect,” he added when asked if Red Bull’s woes could ever be witnessed in the current McLaren set up. Hamilton, the 2008 world champion, was awarded the prestigious Lorenzo Bandini trophy at the weekend in the small northern Italian town of Brisighella. The annual prize in honour of Brisighella resident Bandini who died in a crash at the Monaco Grand Prix in 1967 could be the first of many for Hamilton this year but thoughts of another F1 title are yet to enter his head. “It’s strange. I’ve had four solid races, two wins and two second places, and yet I’m only 12 points ahead,” he said on a scorching hot day in the Brisighella mayor’s office. “We’ll have to see how it goes but if I can increase that gap a bit I’ll certainly be happier.” Hamilton reckoned Red Bull could again be the quickest at this weekend’s German Grand Prix at Hockenheim despite their “driver problems” as McLaren race to upgrade their car. However, he hailed his team for a togetherness which is helping them pick up crucial points when others stray. He also saluted local hero Valentino Rossi, who stunned motorsport by finishing fourth in Sunday’s German MotoGP just six weeks after breaking his leg and being told he would be out for at least three months. “He is crazy,” Hamilton laughed, adding he one day would like to see the Rossi try F1. Schumacher will bounce back MERCEDES motorsport director Norbert Haug believes the German Formula One team and driver Michael Schumacher can bounce back from a disappointing season to date, starting with this weekend’s German Grand Prix at Hockenheim. Nico Rosberg lies sixth in the drivers’ standings after 10 of 19 races while teammate Schumacher languishes in ninth, a massive 109 points adrift of championship leader Lewis Hamilton. Despite the seven-time world champion’s poor showing so far in 2010, Haug says Mercedes have no intention of looking for a replacement for Schumacher or that the 41-year-old could consider calling it a day at the end of the season. “Definitely not,” he said. “As soon as we have a winning car then he will enjoy victories just like Nico Rosberg.” Haug admitted that Schu- macher had failed to live up to expectations after returning to the sport but refused to place the blame on the German. “Michael finished in fourth place twice in the last six grand prix. That’s not much for Schumacher or according to Mercedes standards but a lot when you consider what was possible in these races,” said Haug. Rosberg, meanwhile, has amassed 90 points so far this season to lie 55 behind Hamilton, something that hasn’t surprised Haug. “Nico is one of the best around. Who knows, he could even be the best of them all,” said Haug, adding that he was convinced the team would turn things around. “We will make it to the very top,” he promised. “We know what it takes to win races. We’ve done it before and we’ll do it again.” 31 Sport maltatoday, WEDNESDAY, 21 JULY 2010 FOOTBALL Franck Ribery charged with soliciting an under-age prostitute RIBERY could face up to three years in prison. Karim Benzema is to go before a judge later. France and Bayern Munich winger Franck Ribery has been charged with soliciting an underage prostitute and could face up to three years in jail, a judicial official told the news agency AFP. Both Ribery and Real Madrid striker Karim Benzema had been detained for questioning by police about a prostitution ring in Paris. The players came under investigation after they were alleged to have paid for sex with Zahia Dehar when she was a minor. Prostitution is legal in France, but prostitutes must be over 18 years old, and clients are liable if they are not of legal age. The woman in question denied that the players were aware of her age but this hasn’t stopped an investigating magistrate from releasing Ribery after he was charged with the offence. Karim Benzema is to go before a judge later. Both face three years in prison, but only if the prosecu- Manchester City officials travel to Italy to complete £35m deal for Balotelli Franck Ribery could go to prison tion can prove they knew prostitute was a minor. Zahia Dehar is alleged to have met clients at the club while she was under age, Dehar, has already told investigators that she had paid sex with the two players. Dehar said she had been paid for sex since the age of 16 when she began partying in Paris. She claimed she met Benzema at a nightclub and he bought her services, and alleged that Lyon and France forward Sidney Govou had, too. She told Paris Match magazine that Ribery flew her to a hotel in Germany for the night as a birthday present to himself. Former Inter coach Roberto Mancini gives instructions to Mario Balotelli Zahia Dehar relaxing in Dubai MANCHESTER City officials reportedly arrived in Italy yesterday to finalise a £35 million move for Inter forward Mario Balotelli. The highly rated youngster enjoyed a hot and cold relationship with former boss Jose Mourinho, and was left out of the squad on more than one occasion last season. The Portuguese boss has since left the Milanese club to take charge at Real Madrid, while the 19-year-old has been tipped to reunite with his former boss Roberto Mancini at Eastlands. The Daily Mail reports that City officials are set to arrive in the peninsula to seal a deal worth £35m for the transfer of the young hotshot. Balotelli had previously described his former boss Mancini as a “friend” and a “great coach”, who was the one who handed him his debut in the Serie A. Pursuits Across 9. Effect a radical change (13) 10. Mixture of earth and water (3) 11. Pertaining to Spain (7) 12. Slant (4) 13. Leg joint (4) 15. Big (5) 17. Ashore (7) 19. Derby venue (5) 21. Knock vigorously (3) 23. Feed on grass (5) 24. Formal speech (7) 25. Jewish scholar (5) 27. Not one (4) 28. Stupefy (4) 30. Rattling sound (7) 32. Grievous distress (3) 33. Not fully conscious (4-9) Sudoku Sudoku rules are extremely easy: Fill all empty squares so that the numbers 1 to 9 appear once in each row, column and 9x9 box. Answers to the MaltaToday crossword will be published next Wednesday Last week’s solution Chess Today’s Weather 8 8 WEATHER: Partly to rather cloudy becoming mainly fine VISIBILITY: Good 7 6 7 5 4 6 3 5 WIND: Variable force 2 to 3 becoming mainly Westerly SEA: Slight SWELL: Negligible 2 1 4 A B C D E F G H 3 Ng6+ Ra3 2 1 A B C D E F G H White to play and mate in two moves Kg8 mate SUNNY 30ºC / 23ºC UV INDEX: 10 Down 1. Astronaut (9) 2. Benefit (5) 3. In addition to (4) 4. Newcomer (8) 5. Incentive (6) 6. Desire (4) 7. Recall past experiences (9) 8. Pass legal judgment (5) 14. One that moves (5) 16. Is inclined (5) 18. Resistant to staining (9) 20. Hypnotism (9) 22. Picture executed in paints (8) 26. Tree limb (6) 27. Recently (5) 29. Permit (5) 30. Prolonged unconsciousness (4) 31. Large stone (4) News maltatoday, WEDNESDAY, 21 JULY 2010 Corporate Village ‘incorporates’ private land Artist’s impression of the Corporate Village, as it appears on the official website JAMES DEBONO SOME 3,000 square metres of private land belonging to third parties have been included in plans for the development of a ‘corporate village’ proposed by Malta Enterprise. The land, which includes privately owned factories and warehouses, occupies 8% of the project’s total footprint of 36,400 square metres. Owners who have contacted this newspaper have expressed their disappointment at the fact that they have only learned that their land was included in the project from reports on the media, and after reading a call for expression of interest issued by Malta Enterprise. The document states that most of the site is held under title by Malta Industrial Parks, but a small portion at the South end of the site (approximately 3,000m2) belongs to third parties. The expression of interest states that the transfer of immovable property for the implementation of this project will be made in accordance with the provisions of the Disposal of Government Land Act. Corporate Village Malta intends to achieve Malta Government’s vision of excellence by establishing a banking, financial services and trade hub in Mriehel, the nascent banking, finance and commercial district in Malta. Located over a footprint of 36,400m2, Corporate Village Malta will provide office, leisure, retail, sports, conferencing and parking facilities in 130,000m2 of space. It will serve as Government’s single point of contact for business with the re-location of Malta government’s main regulatory and business support agencies and departments to the site. With Malta envisaged to take over the EU Presidency in 2017, Corporate Village Malta will be the main hub of activity for the Presidency Summits and events during its six month tenure. Following the Expression of Interest, which closes on September 3, 2010, Malta Enterprise will issue a Request for Proposals to the short-listed parties following the conduct of a due diligence process. The preferred bidder will be granted an emphyteusis for 50 years, with the project commencing in 2012 and estimated to be finalised by 2015. jdebono@mediatoday.com.mt
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