Issue link: https://maltatoday.uberflip.com/i/1382687
maltatoday | SUNDAY • 13 JUNE 2021 13 COMMERCIAL by improving the quality of life through work-life balance in a healthy nat- ural environment "We need to take advantage of the futuristic trends that the pandemic has spawned, such as remote working, which pro- vides a solid basis for expand- ing the service-based economy that Malta offers around the world, while taking the oppor- tunities that result from this new reality. This involves em- bracing the fourth industrial revolution, based on advanced technology that determines the way we live, work and relate to each other," Schembri said. Three panel discussions, moderated by Saviour Balzan, were held: 1 – Pillar 1 Sustainable Eco- nomic Growth and Pillar 3 Ed- ucation and Employment The panel included John Mahon – Lufthansa Tecknik Malta Ltd, CEO; Herald Rosch – MELITA PLC, CEO; Phil- ip Von Brockdorff – UOM, Senior Lecturer FEMA; Mari- sa Xuereb – Malta Chamber, President; Giovanna Mira- bile – Inspire (NGO), COO; Chris Meilak – EY – Associate Partner; and Stanley Mifsud – MIMCOL, CEO 2 – Pillar 2 Infrastructure and Investment and Pillar 4 Envi- ronment The second panel discussion included Marie Briguglio – UOM – Senior Lecturer, FE- MA; Mario Borg – Gozo Re- gional Development Authority, CEO; Michel Cordina – HSBC, Executive Director & Head of Business Development; Dr Deborah Schembri – MDA, CEO; Matthew Bianchi – Gana- do, Partner; Jessica Camilleri – MIMCOL, Advisory Manager; and Raphael Aloisio – Deloitte, Financial Advisory Leader 3 – Pillar 5 High Standards of Accountability, Governance and Rule of Law The last panel discussion fea- tured Wayne Pisani – Grant Thorton, Partner; Prof Ian Refalo – Refalo Advocates, Founding Partner; Dr Simon Schembri – Ganado, Partner; George Gregory – RSM, Man- aging Partner; and Neville Gatt – PWC, Head of Tax The consultation process is being conducted by the Min- istry for the Economy and Industry through MIMCOL while the consultation doc- ument is available at https:// m i m c o l . c o m . m t / w p - c o n - tent/uploads/2021/06/A-Fu - t u r e - P r o o f - M a l t a - C o n s u l t a - tion-Document.pdf The consultation closes on 31 July 2021. 10-year economic vision The five pillars 1. Sustainable Economic Growth to improve the quality of life • Protecting growth for current industries while creating a culture of innovation for new niches; • Introducing a framework for how all public and private stakeholders will contribute to an inclusive and long- term sustainable economic model of the country. 2. High quality infrastructure and investment • Commitment to developing a world-class sustainable infrastructure in an increasingly globalized world; • Creating vibrant investment for domestic and foreign entrepreneurs and developing it into a regional hub for new businesses. 3. Education and Employment • Providing the necessary conditions in which human capital in Malta can acquire the knowledge and skills needed today to build the economy of the future; • Creating high-quality, well-paid jobs and fostering the certainty that Malta is the natural home for global talent by stimulating education and employment in order to further raise working capacity, enabling it to compete with the most advanced economies. 4. Environment • Protecting the future generations of Malta; • A smooth transition to a circular and sustainable economy in all sectors of economic activity, embracing new alternative energy practices to achieve carbon neutrality by 2050. 5. High Standards of Accounting, Governance, and the Rule of Law • Good governance in all spheres of public life and in its key institutions, establishing itself as a reliable, transparent, and efficient economic partner in the global sphere; • Continuous improvement of the integrity and transparency of public institutions in order to promote greater good governance, stronger governance throughout the economy, and respect for the rule of law.