Book chron­i­cling 50 years of ME launched

The Malta Business Weekly - - FRONT PAGE -

A book on the his­tory of events lead­ing up to the Malta De­vel­op­ment Cor­po­ra­tion foun­da­tion and even­tu­ally taken over by Malta En­ter­prise in 2004, was launched last week in cel­e­bra­tion of the fifty years of the coun­try’s na­tional de­vel­op­ment agency. The book en­ti­tled ‘Birth of Malta De­vel­op­ment Cor­po­ra­tion: A Land­mark in the Is­land’s Eco­nomic De­vel­op­ment’ by the cor­po­ra­tion’s long-time ad­vi­sor Mario Brin­cat out­lines its role in Malta’s eco­nomic progress and de­vel­op­ment.

“Look­ing back at the story of Malta En­ter­prise and the ad­vent of in­dus­try, is to look back at the story and pro­gres­sion of our coun­try”, said ME CEO Mario Galea dur­ing the book launch.

“From in­cep­tion, Malta En­ter­prise al­ways sought out to spark eco­nomic de­vel­op­ment by en­cour­ag­ing new busi­nesses, cre­at­ing jobs, and con­tribut­ing to im­prove­ment in var­i­ous key goals such as GDP, ex­ports, skills de­vel­op­ment, and com­mu­nity de­vel­op­ment. It has played an es­sen­tial part in open­ing up the econ­omy to in­ter­na­tional trade and for­eign in­vest­ments”.

Min­is­ter for the Econ­omy, In­vest­ment and Small Busi­nesses Chris Car­dona out­lined ME’s sig­nif­i­cant role not only in the past but also to­day as it con­tin­ues to strive to be on the ball to the highly-dy­namic process of eco­nomic de­vel­op­ment - char­ac­terised by a pat­tern of de­mand shifts, new prod­ucts needed, and eco­nomic trends.

“We en­cour­age to en­gage in a di­a­logue with the pri­vate sec­tor - which goes a long way in con­tin­u­ally devel­op­ing ser­vices and in­cen­tives that en­cour­age new in­vest­ment in new emerg­ing tech­nolo­gies, the skills of em­ploy­ees, build­ing-up and spread­ing of in­ter­na­tional stan­dards and the spread­ing of ‘good prac­tice’ in dif­fer­ent ar­eas, such as the en­vi­ron­ment and work­place safety”, said the Min­is­ter.

En­trepreneur­ship was iden­ti­fied as play­ing an in­flu­en­tial role in the eco­nomic growth and pro­gres­sion of the coun­try. A me­mento was handed out by ME Chair­man Wil­liam Wait to recog­nise the achieve­ment of in­dus­trial en­ter­prises that, based on their date of reg­is­tra­tion as limited li­a­bil­ity com­pa­nies and the length of their re­la­tion­ship with MDC and Malta En­ter­prise, are the old­est and still in oper­a­tion.

These com­pa­nies in­cluded Cas­sar En­ter­prises, Ea­gle Knitwear, Fos­ter Clark Prod­ucts Ltd, Marso­vin Win­ery, Meth­ode Elec­tron­ics, Multi Pack­ag­ing Ltd, Ny­lon Knit­ting Ltd, Prime Ltd, Si­monds Far­sons Cisk, Trelle­borg Ltd, Vernon Food Man­u­fac­tur­ing Ltd, Vitafoam Ltd, and Yorkie Cloth­ing.

A limited num­ber of books have been printed with all pro­ceeds go­ing to Fra Diegu Home – an in­sti­tute and chil­dren’s home in Ħam­run.

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