Issue link: https://maltatoday.uberflip.com/i/608340
maltatoday, SUNDAY, 29 NOVEMBER 2015 8 Replete with buzzwords and lots of carrots but no sticks, the PN's 'economy for the people' blueprint gives the party a much-needed dose of sophistication. But does it offer a tangible alternative to Muscat's neo-liberal playground, or is it a tamer, less crude re-edition of the same tried and tested model to deliver the goodies, JAMES DEBONO asks IT'S easy to get seduced by the futurist vibe of the Nationalist Party's new economic vision, so remi- niscent of the early 1990s when the PN had the discursive edge over Labour but which for years now, has been absent. But there's as much blue- sky mumbo-jumbo inside to make Claudio Grech's manifesto-like economic programme totally unin- telligible to average voters. Scrolling through the proposals, the sensation is that this party blueprint is aimed at pleasing all and sundry. After all an "economy for the people" as- sumes that there are no conflicting aspirations be- tween the various classes and social groups in Mal- tese society. In fact it shares the same discursive sphere of Joseph Muscat's own blueprint (which also inherits many features of the economic model pioneered by successive Nationalist administra- tions): Malta as a hub for international business, fuelling economic growth, creating wealth, eventu- ally… eventually trickling down. Its savvy author Claudio Grech – moulded out of the visionary IT and infrastructure ministry headed by Austin Gatt – seeks to temper a neolib- eral inclination with an emphasis on sustainability, strengthening the country's reputation and seeking less crude ways of bringing over business than sim- ple acts like selling passports. In his introduction, PN leader Simon Busuttil sums up his aversion to Muscat's model, declaring that he is "not attracted to an economy which is in- tended to transform my country into a playground for the rich but one in which knowledge, innova- tion, entrepreneurship are given equal if not more importance than personal wealth." But ultimately when the bullet gets bitten, wealth redistribution is only an afterthought even for the PN's brave new vision, a mere consequence of ac- celerated growth, with construction remaining the driving force of the economy. Trickle-down economics? The document recognises the challenge that our economy needs to better address the distribution of wealth that is being created – to enhance welfare and alleviate poverty. It is here where the two parties converge: rather than redistribute wealth by increasing salaries (ie: private sector wage costs) the goal is to increase the size of the cake, and keep it growing. Underlying this logic is the concern, shared by both parties, that any sudden increase in wage costs may well undermine present and future prosperity. The PN proposes an "entrenched" mechanism that links any wage increases with productivity in- creases. While this makes salary costs sustainable in the long run, it undermines the idea of a living wage based on a right to a decent living, and ignores the multiplier effect that an increase in purchasing power has when minimum wage is increased. In fact the document starkly rules out "zero sum pecuniary wage debacles" to instead favour "pro- ductivity enhancement". So it is unclear whether the party's logic on wag- es being linked to productivity is at odds with the Cost of Living Adjustment (COLA) system, which links wages to the cost of living. Surely employ- ers, through organisations such as the Chamber of Commerce, have long harped on linking wage increases to productivity enhancement. But trade unions warn that this could undermine the basis of a social contract which has served to secure social peace. Moreover, the only concrete measure proposed by the PN to entrench redistribution of wealth consists of a Private Public Partnership scheme to support low-income earners by seeking to increase their wages through productivity enhancement. Curiously, the document proposes "partnership with the President's trust" in schemes to support low-income earners, and linked to productivity en- hancement. This vague proposal suggests a relega- tion of active state social intervention to charity. This discourse on social enterprise is also remi- niscent of David Cameron's 'big society' and also reflects MP Claudio Grech's own involvement in social enterprise through his foundation, which employs charity as a way of accelerating education- al development. News 8 PN economic vision: All hype with no beef? the long run, it COURT NOTICE The Registrar, Civil Courts and Tribunals notifies that the First Hall of the Civil Court ordered the sale by Judicial Auction of the following property to be held in the corridors of the Courts of Justice, Republic Street, Valletta. Date and Time Judicial Sale No Property 1st December 2015 39/15 – 12.00pm PP Four plots marked numbered five (5) and six (6) in Triq il-Gudja and numbered eleven (11) and twelve (12) in Triq Dun Marcell Mallia, !al G"axaq forming part of the field known as 'Tan-Neider' in !al G"axaq, bounded on the north in part by Triq il-Gudja and in part with property of the successor in title of Anthony Scicluna, on the East in part by Triq Dun Marcel Mallia and in part by propertry of the successors in title of Anthony Scicluna and on the West by property of Agostino Camilleri superficially measues of seven hundred and ninety five metres square (795 m#) valued at eight hundred and fifty thousand euro ($850,000). 3rd December 2015 68/14 – 10.30am EGL Apartment unnamed and without official number internally marked with number one (1) found on the first floor of the block unofficially named 'Cottonera Flats' overlaying a common entrance in the ground floor in a block of six appartments and a penthouse without name and official number in Triq Wi%i Rosato, Bormla. The appartment is accesible from the mentioned street,free and uncumbered and includes one sixth (1/6) undivided part of the roof and common washroom, and one seventh (1/7) of the common parts which include the entrance,the stairs to the roof,the lift and its shaft and the drainage system.The block is built on the site previously occupied by three tenements numbered twenty five(25),twenty seven(27) and twenty eight (28) in Triq il- Kun&izzjoni, Cospicua.The appartment is valued at one hundred and twenty thousand Euros ($120,000) Apartment unnamed and without official number internally marked with number two (2) found on the first floor of the block unofficially named 'Cottonera Flats' overlaying a common entrance in the ground floor in a block of six appartments and a penthouse without name and official number in Triq Wi%i Rosato, Bormla. The appartment is accesible from the mentioned street,free and uncumbered and includes one sixth (1/6) undivided part of the roof and common washroom, and one seventh (1/7) of the common parts which include the entrance,the stairs to the roof,the lift and its shaft and the drainage system.The block is built on the site previously occupied by three tenements numbered twenty five (25),twenty seven (27) and twenty eight (28) in Triq il- Kun&izzjoni, Cospicua.The appartment is valued at one hundred and forty thousand Euros ($140,000) The Block and the apartments are bordered from the West with Triq Wi%i Rosato, the East with Triq il- Kun&izzjoni and from the South with property of third parties or other boundaries. The block is built on the site formerly occupied by three tenements numbered twenty five (25), twenty seven (27) and twenty eight (28) in Triq il- Kun&izzjoni, Bormla 3rd December 2015 33/15 – 11.00am JGL A commercial property named Main Street Fashion, on two floors and a cellar numbered sixty five (65) in Triq il- Kbira, Rabat. Presently this property is rented as a commercial premise for the period of ten years, which agreement can be extended to another twenty years. The property has a temporary utile dominium which expires on the 26th December 2070, and is also subject to a temporary annual ground rent of thirty Euros ($30). The property is valued at one hundred and twenty five thousand Euros ($125,000) 3rd December 2015 32/15 – 11.30am EGL Duplex Maisonette officially numbered fourteen (14), named 'Vanity Fair', in Triq l- Ursolini, Gwardamangia together with its overlaying airspace with all its rights and appurtanances kollha valued at eighty seven thousand Euro ($87,000). 3rd December 2015 59/14 – 12.00pm PP One sixth of the properties numbered twenty three (23) Triq Dun Gejtanu Mannarino, Birkirkara, subject to an annual and perpetual rent of $74.53 and an adjacent garage,subject to an annual and perpetual rent of $56.37 valued at forty-one thousand sixhundred and sixty seven Euros ($ 41,667). 10th December 2015 27/15 – 11.30am PP The utile temporanju for the remaining period of sixty five years (65) commenced on the (20) March two thousand and one (2001) on the tenement numbered one hundred fifty three and one hundred fifty four (153/154), in the Industrial Estate Luqa, Malta, which portion of land measures approximately one hundred forty-five square meters (145 sq.m.) and has all its boundaries bound on Government property, with annual payment of temporary ground rent of fifteen Maltese lira (Lm15) per square meters and 10th December 2015 6/14 – 12.00pm PP (I) Seven undivided shares of the common parts of the block named 'Dorset Apartment' in Triq il-Kbira, Balzan, which block is built on a site previously occupied by two properties, number two hundred and eighty one (281) named 'The Bungalow and number two hundred and eighty two (282) named "The Crag', which block consists of nine (9) garages (with access path from the same road numbered two hundred and eighty one (281)), five apartments and maisonettes (with access path from the same road numbered 282). The common that parts should be included in the sale include entry, entrance, stairs, the stairwell, the landings, ducts, drainage system, the lift and the well- lift service shafts, but not the roof and airspace of the block. Each one seventh part (1/7) of property is eleven thousand four hundred and twenty euro ($ 11,429). (Ii) Nine undivided shares of the common parts of the garages in 'Dorset Apartment' in Triq il-Kbira, Balzan underlying the block as described above. Each share of a one car garage is valued at four thousand, six hundred and fifteen ($4615). Each share of a two car garage is value at nine thousand, two hundred and thirty ($9230). Further details can be obtained from the website: http://www.justiceservices.gov.mt/courtservices/JudicialSales/search.aspx The bidders taking part in the auction must present their identity card. Rudolph Marmara' For the Registrar of Civil Courts and Tribunals shaft and the drainage system.The block is built on the site previously occupied by three tenements numbered twenty five(25),twenty seven(27) and twenty eight (28) in Triq il- Kun&izzjoni, Cospicua.The appartment is valued at one hundred and twenty thousand Euros ($120,000) Apartment unnamed and without official number internally marked with number two (2) found on the first floor of the block unofficially named 'Cottonera Flats' overlaying a common entrance in the ground floor in a block of six appartments and a penthouse without name and official number in Triq Wi%i Rosato, Bormla. The appartment is accesible from the mentioned street,free and uncumbered and includes one sixth (1/6) undivided part of the roof and common washroom, and one seventh (1/7) of the common parts which include the entrance,the stairs to the roof,the lift and its shaft and the drainage system.The block is built on the site previously occupied by three tenements numbered twenty five (25),twenty seven (27) and twenty eight (28) in Triq il- Kun&izzjoni, Cospicua.The appartment is valued at one hundred and forty thousand Euros ($140,000) The Block and the apartments are bordered from the West with Triq Wi%i Rosato, the East with Triq il- Kun&izzjoni and from the South with property of third parties or other boundaries. The block is built on the site formerly occupied by three tenements numbered twenty five (25), twenty seven (27) and twenty eight (28) in Triq il- Kun&izzjoni, Bormla 3rd December 2015 33/15 – 11.00am JGL A commercial property named Main Street Fashion, on two floors and a cellar numbered sixty five (65) in Triq il- Kbira, Rabat. Presently this property is rented as a commercial premise for the period of ten years, which agreement can be extended to another twenty years. The property has a temporary utile dominium which expires on the 26th December 2070, and is also subject to a temporary annual ground rent of thirty Euros ($30). The property is valued at one hundred and twenty five thousand Euros ($125,000) 3rd December 2015 32/15 – 11.30am EGL Duplex Maisonette officially numbered fourteen (14), named 'Vanity Fair', in Triq l- Ursolini, Gwardamangia together with its overlaying airspace with all its rights and appurtanances kollha valued at eighty seven thousand Euro ($87,000). 3rd December 2015 59/14 – 12.00pm PP One sixth of the properties numbered twenty three (23) Triq Dun Gejtanu Mannarino, Birkirkara, subject to an annual and perpetual rent of $74.53 and an adjacent garage,subject to an annual and perpetual rent of $56.37 valued at forty-one thousand sixhundred and sixty seven Euros ($ 41,667). 10th December 2015 27/15 – 11.30am PP The utile temporanju for the remaining period of sixty five years (65) commenced on the (20) March two thousand and one (2001) on the tenement numbered one hundred fifty three and one hundred fifty four (153/154), in the Industrial Estate Luqa, Malta, which portion of land measures approximately one hundred forty-five square meters (145 sq.m.) and has all its boundaries bound on Government property, with annual payment of temporary ground rent of fifteen Maltese lira (Lm15) per square meters and cioe' two thousand, one hundred and seventy five Maltese lira (Lm2,175) payable every six months in advance, which was temporarily reduced ground rent administratively for a hundred and forty five Maltese lira (Lm145) equivalent to three hundred and thirty-seven euro and seventy- six cents ($337.76) valued at one hundred and eighty thousand euro ($180,000). COURT NOTICE The Registrar, Civil Courts and Tribunals notifies that the First Hall of the Civil Court ordered the sale by Judicial Auction of the following property to be held in the corridors of the Courts of Justice, Republic Street, Valletta. Date and Time Judicial Sale No Property 1st December 2015 39/15 – 12.00pm PP Four plots marked numbered five (5) and six (6) in Triq il-Gudja and numbered eleven (11) and twelve (12) in Triq Dun Marcell Mallia, !al G"axaq forming part of the field known as 'Tan-Neider' in !al G"axaq, bounded on the north in part by Triq il-Gudja and in part with property of the successor in title of Anthony Scicluna, on the East in part by Triq Dun Marcel Mallia and in part by propertry of the successors in title of Anthony Scicluna and on the West by property of Agostino Camilleri superficially measues of seven hundred and ninety five metres square (795 m#) valued at eight hundred and fifty thousand euro ($850,000). 3rd December 2015 68/14 – 10.30am EGL Apartment unnamed and without official number internally marked with number one (1) found on the first floor of the block unofficially named 'Cottonera Flats' overlaying a common entrance in the ground floor in a block of six appartments and a penthouse without name and official number in Triq Wi%i Rosato, Bormla. The appartment is accesible from the mentioned street,free and uncumbered and includes one sixth (1/6) undivided part of the roof and common washroom, and one seventh (1/7) of the common parts which include the entrance,the stairs to the roof,the lift and its shaft and the drainage system.The block is built on the site previously occupied by three tenements numbered twenty five(25),twenty seven(27) and twenty eight (28) in Triq il- Kun&izzjoni, Cospicua.The appartment is valued at one hundred and twenty thousand Euros ($120,000) Apartment unnamed and without official number internally marked with number two (2) found on the first floor of the block unofficially named 'Cottonera Flats' overlaying a common entrance in the ground floor in a block of six appartments and a penthouse without name and official number in Triq Wi%i Rosato, Bormla. The appartment is accesible from the mentioned street,free and uncumbered and includes one sixth (1/6) undivided part of the roof and common washroom, and one seventh (1/7) of the common parts which include the entrance,the stairs to the roof,the lift and its shaft and the drainage system.The block is built on the site previously occupied by three tenements numbered twenty five (25),twenty seven (27) and twenty eight (28) in Triq il- Kun&izzjoni, Cospicua.The appartment is valued at one hundred and forty thousand Euros ($140,000) The Block and the apartments are bordered from the West with Triq Wi%i Rosato, the East with Triq il- Kun&izzjoni and from the South with property of third parties or other boundaries. The block is built on the site formerly occupied by three tenements numbered twenty five (25), twenty seven 10th December 2015 6/14 – 12.00pm PP (I) Seven undivided shares of the common parts of the block named 'Dorset Apartment' in Triq il-Kbira, Balzan, which block is built on a site previously occupied by two properties, number two hundred and eighty one (281) named 'The Bungalow and number two hundred and eighty two (282) named "The Crag', which block consists of nine (9) garages (with access path from the same road numbered two hundred and eighty one (281)), five apartments and maisonettes (with access path from the same road numbered 282). The common that parts should be included in the sale include entry, entrance, stairs, the stairwell, the landings, ducts, drainage system, the lift and the well- lift service shafts, but not the roof and airspace of the block. Each one seventh part (1/7) of property is eleven thousand four hundred and twenty euro ($ 11,429). (Ii) Nine undivided shares of the common parts of the garages in 'Dorset Apartment' in Triq il-Kbira, Balzan underlying the block as described above. Each share of a one car garage is valued at four thousand, six hundred and fifteen ($4615). Each share of a two car garage is value at nine thousand, two hundred and thirty ($9230). Further details can be obtained from the website: http://www.justiceservices.gov.mt/courtservices/JudicialSales/search.aspx The bidders taking part in the auction must present their identity card. Rudolph Marmara' For the Registrar of Civil Courts and Tribunals COURT NOTICE The Registrar of Civil Courts and Tribunals informs that theCivil Court, First Hall ordered the following sales by auction: Date and time Place Items 7th December, 2015 12.00pm – 37/15 EM Hall on Second Floor,Courts of Justice, Republic Street, Valletta. Vessel MT 'OSMAN BEY', IMO number 9445382, registered in Turkey, property of Netmar Gemi Isletmeleri Anonim Sirketi, gross tonnage of 4225, net tonnage of 2047 and length of 112.31 metres 9th December, 2015 11.00am – 32/11 JGL First Floor, Courts of Justice, Republic Street, Valletta. Hundred (100) Ordinary Shares of the society S.C. & Company Limited (C-6050) 9th December.2015 34/15 Global Fund Manager, in Triq Testaferrata, Ta' Xbiex Four thousand (4,000) units of Global Funds Sicav p.l.c. Malta Privatisation and Equity Fund MT 0000072257 and two thousand four hundred ninety four point thirty seven (2494.37) units tal-Global Funds Sicav p.l.c. Global Bond Fund Accumulator MT 72158 MT 0000072158. Further details can be obtained from the website: http://www.justiceservices.gov.mt/courtservices/JudicialSales/search.aspx The bidders taking part in the auction must present their identity card Rudolph Marmara' For the Registrar Civil Courts and Tribunals