Issue link: https://maltatoday.uberflip.com/i/891637
maltatoday WEDNESDAY 25 OCTOBER 2017 News 7 Job description: Assisting on new installations and maintenance on existing installations of various projects. Requirements: Ideally 1 year + experience in similar post and clean police conduct. To apply: Send a CV on gcinstallationsmalta@gmail.com VACANCY G&C INSTALLATIONS Assistant Electrician/Plumber PAUL COCKS THE Malta Financial Services Authority is currently pro- cessing ten applications from UK companies seeking to re- locate to Malta following the UK's decision to leave the Eu- ropean Union, Parliamentary Secretary for Innovation Sil- vio Schembri said yesterday. The inf lux of the pensions schemes companies was ex- pected to push the financial services to new heights, he said. In a press conference at the Malta Information Tech- nology Agency, Schembri explained in detail govern- ment's long-term vision to make Malta "the blockchain island" and how the budget for 2018 will be laying the ground for Malta to become a trailblazer in the digital economy and a leader in the use of new technology. "Just as we were success- ful in the igaming sector, we can be successful in the blockchain sector," he said. He explained that the 2018 budget would allow the Mal- tese Government to invest in MITA's first National Blockchain Lab, strengthen- ing workers' skills as well as helping MITA to specialise more in this technology. This will eventually lead to the use of blockchain technology in several Government services. Schembri said that the gov- ernment's aim was to stimu- late innovation within the industry, which was why it would be investing in a Block- chain Hub to help start-ups strenghten their businesses. With regards to the finan- cial sector, Schembri said the government's aim was to continue exploring and exploiting the potential this sector presented. He explained that the MF- SA would be issuing a con- sultation document regard- ing investment schemes that involve the use of virtual cur- rencies. The Authority would also be issuing a study on regulat- ing those who provide invest- ment services in cryptocur- rencies. Schembri said that the latest MFSA reports showed that financial services had expe- rienced substantial growth in sector K, also known as pen- sion schemes – a sector that was expected to grow further as the MFSA was currently evaluating 10 applications from companies that are considering relocating due to Brexit. He said there was a need for more graduates in the in- surance sector and pensions schemes. That was why the govern- ment, together with the Consultative Council for Education, would be invest- ing in training courses to be provided by MFSA aimed at post-secondary and Univer- sity students. "Our vision in the finan- cial sector is clear," Schembri said. "We intend to strengthen a sector considered to be one of the main pillars of the Maltese economy." MFSA processing 10 pension schemes companies seeking Brexit relocation The government intends to make Malta "the blockchain island" and the budget for 2018 will be laying the ground for Malta to become a trailblazer in the digital economy and a leader in the use of new technology Parliamentary Secretary Silvio Schembri (second left) outlines government's vision Journalist's murder is flashback to the violent 1980s, Beppe Fenech Adami claims PAINTING a dire picture of a complete breakdown in the rule of law, Nationalist Party deputy leader Beppe Fenech Adami this evening said Daphne Caruana Galizia's murder was sympto- matic of the government's "in- tentional" dismantling of the country's institutions. In a very emotional and angry speech to Parliament, Fenech Adami recalled the violent 1980s, including his personal experience as a child when La- bour thugs ransacked his family home in 1979. That day, known as Black Monday, occurred 38 years, almost to the day, of Caruana Galizia's murder. Fenech Adami said Prime Minister Joseph Muscat's pledge to leave no stone unturned in the efforts to capture the cul- prits who murdered Caruana Galizia could not be believed. "In 1986, a Labour prime minister had gone to Raymond Caruana's family promising them no stone would be left unturned to capture those who killed the young man only to find out that the government had been planning a frame up all along," Fenech Adami said. Caruana had been gunned down in December 1986 after shots were fired at the PN Gudja club. Subsequently, the police charged Pietru Pawl Busuttil with his murder in what turned out to be a frame up. Busuttil was acquitted of all charges by the court that confirmed his ar- raignment was a police frame up. Nobody was ever charged with Caruana's murder after that. Fenech Adami insisted Mus- cat had intentionally disman- tled institutions like the police, which failed to take action when wrongdoing by people close to the government was exposed. He asked why had former PL secretary general Jimmy Magro not been charged yet despite the Commission Against Corrup- tion having found grounds for him to be prosecuted. He also asked why no action had been taken yet against Edward Caru- ana, a former works manager at the Foundation for Tomorrow's Schools, despite proof that he had asked for bribes. Fenech Adami said the police failed to act on reports by the Financial Intelligence Analysis Unit on its findings that impli- cated the PM chief of staff Keith Schembri in kickbacks over the sale of passports. The PN deputy leader said this situation had made it possible for the people who murdered Caruana Galizia to act in the belief they could operate with impunity. "This was a political murder and your legacy Prime Minister is one that will always be taint- ed with the murder of Daphne Caruana Galizia; your legacy is one of a corrupt country... it is now time to do justice with Caruana Galizia and the peo- ple; this is your moment of truth and for the sake of this country, leave now," Fenech Adami said. At one point, the PN MPs protested loudly at what they claimed was Labour MP Ro- sianne Cutajar's sniggering each time Caruana Galizia's name was mentioned.