Tech To Revolutionise Malta’s Property Market And Combat Fraud Is Ready To Go
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Readymade technology exists which could herald a new era of transparency and combat fraud in Malta’s property market; all notaries need to do is reach out and grab it.
In October 2017, tech company Ledger Projects launched LP01, which was widely hailed as “the first Maltese blockchain app”.
Economy Minister Silvio Schembri (back then parliamentary secretary for the digital economy) hailed the technology as proof that Malta is moving fast in adopting blockchain technology and said the government intends to make use of such technology to improve efficiency within the public sector.
Epic rolls out 2000Mbps fibre internet in Mosta
This fibre network will allow consumers to download a 5GB file, equivalent to over five hours of Netflix movie streaming, in under a minute
27 April 2021, 1:59pm
by Nicole Meilak
Malta Communications Authority CEO Jesmond Bugeja (left), Economy Minister Silvio Schembri (centre) and Epic Malta CEO Tamas Banyai (right)
Epic has began the roll-out for its Fibre Network of the Future , which is set to provide download speeds of 2000 megabytes per second to households in Malta.
Launched for households and businesses in Mosta, this Fibre Network will allow consumers to download a 5GB file, equivalent to over five hours of Netflix movie streaming, in under a minute.
Updated 4.55pm
Telecoms company Epic has started the roll-out of a new fibre network which it says will see users benefit from download speeds of up to 2000Mbps.
Company officials said at a press conference that the service, which will initially be available to addresses in Mosta, will offer internet download speeds that have never been available in Malta up to now.
Fibre internet connections use optic fibre cabling to transfer data at speeds higher than traditional copper connections. Service is restricted to neighbourhoods where such cabling is available.
The company s predecessor, Vodafone, had first announced its plans to provide fibre services in 2018, using the cabling network laid by rival telecoms firm GO.
Henley & Partners was “prepared” for the potential launch of a Malta passport sales scheme to rich foreigners months before a public call for the scheme was issued in 2013, leaked documents from the Passport Papers reveal.
A few weeks after Labour shot to power in March 2013, Henley & Partners hired lawyer Adrian Camilleri to look into “procurement issues relating to the establishment of a citizenship-by-investment scheme in Malta”.
The government notice, dated April 2013, came two months prior to a public call for a “consultant” to advise on and operate such a scheme was published by the government.
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Rival bidders Arton Capital had filed a legal case against the government alleging an “abusive” process that led to Henley winning the concession, saying they had an unfair advantage because they had already acted as advisers on such schemes before the call was made. The case was settled out of court in 2015.
Malta is driving forward a knowledge-based economy built on research, creativity, and innovation – Minister Silvio Schembri
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€100,000 TAKEOFF Seed Fund Award to enable next phase towards commercialisation of business and research ideas launched between the Ministry for the Economy and Industry and the University of Malta
Malta is driving forward a knowledge-based economy founded on research, creativity, innovation and the capabilities of the human intellect as means to elicit new areas of economic growth. This was said by Minister Silvio Schembri at the launch of the TAKEOFF Seed Fund Award (TOSFA), which is allocating another €100,000 to start-ups that wish to commercialise their business ideas. Minister Schembri stated this in the context of his ministry drafting an economic strategy for the long-term, with this pillar being seen as both the present and the future.