10 years ago - The Times

Friday, September 12, 2008

Shipyards privatisation: EU Commissioner objects to plan

European Competition Commissioner Neelie Kroes said yesterday the government’s intention to write off about €100 million in debts before selling Malta Shipyards violated EU rules but she was willing to see a revised business plan before taking a definite stand.

Finance Minister Tonio Fenech said later he was confident that the European Commission would eventually come round to accepting what the government had in mind in relation to the shipyards’ privatisation process.

Youth, 16, dies in motorcycle crash in Cospicua

A 16-year-old boy died late yesterday afternoon when the motorcycle he was riding crashed in Cospicua, police sources said. A few minutes after 5pm the police received an anonymous telephone call informing them that a person was lying on the ground close to an extensively damaged Piaggio motorcycle near the regatta club.

The police despatched patrol cars to the scene and an ambulance was called in. Sources said it was immediately noticed that the teenager was dead.

25 years ago - The Sunday Times

Sunday, September 12, 1993

Insurance firms threatened with withdrawal of licence

The Finance Ministry has written to the chairman of all foreign insurance companies represented in Malta, threatening to withdraw their licence unless information – required under the Insurance Business Act 1981 by Middle Sea Insurance acting at reinsurers – is supplied by Wednesday.

A similar letter has been sent to the members of the Insurance Association – an association of local agents representing their foreign principals.

Two children find Lm6,730 in sack

Two children from Victoria, could not believe their eyes yesterday week when they stumbled on a sack in an abandoned farmhouse. Inside the sack was a large sweets jar stuffed with Lm6,730 in cash.

The children – Michael Paul Lanzon, 9, and Joseph Vella, 12 – were playing in an area behind the Sports Complex and went inside the farmhouse to take some straw to build a camp, when they spotted the sack. They reported the find to their parents, who took the money to the police station.

Half a century ago - Times of Malta

Thursday, September 12, 1968

Malta signs agreement for joining IMF

Malta yesterday signed the agreement for joining the International Monetary Fund.

The International Monetary Fund was established on December 27, 1945 in Washington, when 29 governments, representing 80 per cent of the quotas, signed the articles of agreement that had been prepared at the UN Monetary and Financial Conference, Bretton Woods 1-22, 1944.

The IMF’s aims are to promote international monetary cooperation and the balanced expansion of world trade by a procedure for orderly adjustment of exchange rates, international consultation on major changes in exchange practices and by working towards the removal of exchange restrictions.

Police search for car after crash

The police are searching for a car which, on being involved in a collision, sped on its way yesterday afternoon in Main Street, St Julian’s, just off Old College Street.

The other car involved in the collision, driven by Eileen Ellis Drever, of St Julian’s, hit a stationary car, mounted the pavement and ended up against the facade of a sweet shop.


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