logo

Atlas Banner

By Vince Farrugia Director General GRTU, Chairman Green MT

GreenMT is GRTU's commitment for a better environment for all of us. As a business organization we could have done what comes natural to most businesses chambers, criticize, propose and then leave it to the state bureaucrats to implement. GRTU's experience with issues effecting waste management, whether on the packaging waste or on waste of electrical and electronic equipment, has proved that when the businesses community leaves all to state bureaucrats, businessmen will end up paying the bill and receiving a shabby service. More than that the tax-men find the most comfortable way to achieve their Budget revenue target irrispect of discrimination among enterprises and impact commerce in general. This happened most grotesquely when the Eco-Contribution was introduced. This eco-tax is nothing but a farse. All the promises made on refunds and on promotion of compliance schemes never materialised. This in spite of GRTU's persistent and regular pressing and direct action to get the government moving.

 

0
0
0
s2sdefault

It's high time Government Decided

By Vince Farrugia Director General GRTU, Chairman Green MT

"We cannot allow Government on the basis of fiscal losses of any nature to interfere with environmental legislation" I said this when I committed GRTU into a preferred strategic partnership with government to get moving on an agreed waste management scheme for Malta. GRTU members also committed themselves to seek an agreed solution that, while liberating them from current taxation burdens would simultaneously lead to private business financing of waste collection, management and recycling in a national effort to meet our obligations as a country within the EU Waste Management guidelines.

I really believe that if we work together we may be on the verge of a Green Revolution. Families in many localities have grown to care more for their waste and the way they dispose of it.  It would be a real pithy were we to allow the notorious inaptitude of state bureaucrats to listen and design appropriate environmental legislation and promote half baked measures to break people's hopes by furthering a state of delays and frustrations.

0
0
0
s2sdefault

After the strong Yes vote in Ireland last weekend, the EU Treaty ratification shall go ahead if the Treaty is ratified in Czech Republic and Poland, whose parliaments have already approved the Treaty. After failing to ratify the EU Constitution in France and Germany in 2005, the new proposed treaty shall amend previous EU treaty rulebooks, and the EU flag and anthem shall not be formally recognised. So what does Malta stand to gain and lose? The following are some salient points.

0
0
0
s2sdefault

 By Vince Farrugia *

There's a lot of bad news on the business front. But it is not really all that bad. An interesting set of statistics came out of the G20 meeting held in London last week. It shows who's faring most badly and who's feeling that things are changing.

The Japanese appear to be in the worst shape of all. Japan's gross domestic product will this year go down by 6.6%, below zero, and by 2010 it will remain at -0.5%. Germany is also faring badly. It looks like 2009 will be closing at -5.3%, however it is believed that the green shoots of growth will appear in 2010, albeit at a meager 0.2%.

Italy will also do badly this year. They are moving to close the year at a GDP of -4.0% and will remain under the water in 2010 at -0.4%. The US will also suffer a -4.0% drop in GDP this year but is looking forward to at least a 0% growth rate in 2010. Britain, who before the G20 was considered to be the sick man of Europe, will end the year at -3.7% GDP and will still not see any green shoots in 2010, staying at a growth of -0.1%. France does slightly better with -3.3% GDP for this year and -0.4% in 2010. Canada will be another lucky country that will see the beginning of positive growth with -3.0% for this year and a positive 0.3% growth in 2010.

Depending on how one sees the world, these figures may be taken as positive for next year and dismal for this year. Those of us who were reading the right (as it turned out) economic books, are not so shocked at the figures for 2009. The indications of those who last year were called the professors of doom were that the leading economies would be in an even worse shape and they surely were not projecting that 2010 may, for the USA, Britain, Germany and Japan, close to something near 0% growth rather than further a down-slide. So overall this is not a bad scenario compared to expectations.

 

0
0
0
s2sdefault

After the strong Yes vote in Ireland last weekend, the EU Treaty ratification shall go ahead if the Treaty is ratified in Czech Republic and Poland, whose parliaments have already approved the Treaty. After failing to ratify the EU Constitution in France and Germany in 2005, the new proposed treaty shall amend previous EU treaty rulebooks, and the EU flag and anthem shall not be formally recognised. So what does Malta stand to gain and lose? The following are some salient points.

0
0
0
s2sdefault

© 2014 - All rights reserved - GRTU - Malta Chamber of SMEs
Content may not be peproduced or republished without prior consent