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Few changes across today’s active equities

May 27, 2013, 5:44 am
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Most of the eleven equities active today ended this morning’s session of the stock exschange unchanged. Malta International Airport plc failed to hold on to an intra-day high of €2.01 to close unchanged at the €2.00 level on three deals totalling 15,600 shares. In the IT sector, RS2 Software plc held on to its all-time high of €1.16 across 29,000 shares and Crimsonwing plc maintained is 2013 high of €0.57 on volumes of 16,500 level. High volumes were traded in FIMBank plc with 185,000 shares changing hands during this morning’s session with the share price easing from an intra-day high of US$1.02 to close unchanged at the US$1.00 level. The trade finance specialist is still waiting for regulatory approval with respect to the deal with Burgan Bank and United Gulf Bank which will ultimately end up as majority shareholders. Similarly, 7,316 International Hotel Investments plc shares traded unchanged at the equity’s 2013 high of €0.90 level in anticipation of the conclusion of the sale of the twelve luxury apartments in London. Meanwhile, Island Hotels Group Holdings plc shares remained subdued with a further 12,000 shares changing hands at the equity’s all-time low of €0.55 across...
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Nurse pleads guilty to Sydney blaze which killed 11, including two Maltese

May 27, 2013, 5:48 am
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A 37-year-old former nurse has pleaded guilty to starting two fires at a Sydney nursing home that killed 11 people in November 2011. Among the victims were  two Maltese, Caesar Galea 82, and Emmanuela Cachia, 75. Emmanuela Cachia, formerly of Tarxien, died some time after the blaze, having been treated in intensive care, and her death was not included in the original charges. The fire destroyed much of  Quakers Hill Nursing Home, which had over 80 residents inside at the time.    
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Team Malta in final preparations for Small Nations' Games

May 27, 2013, 6:24 am
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Team Malta got their first taste of the various sporting venues to be used for the 2013 Games of the Small States of Europe when the athletes held training sessions in Luxembourg today. Tomorrow Malta will be in action in nine different disciplines tomorrow with the highest expectations being in athletics and judo.
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Woman acquitted of bigamy

May 27, 2013, 7:06 am
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A Filipino woman has been acquitted of bigamy after a court said the prosecution had failed to prove that her first husband was alive, or that the accused knew he was alive when she remarried. Evangeline Silos Hernandez Cauchi, 56, had married Francisco Hernandez, but  in August 2003 she married Ronald Cauchi in Malta. The court heard that In March 2008 an anonymous letter was sent to the Public Registry claiming that the accused had married a Maltese whilst she was still married to Francisco Hernandez. The accused had married  Francisco Hernandez in the Philippines in 1978 and they had three children. The accused came to Malta in December 2001 and lived with her cousin Ermelinda Mendoza Lewis for a while but then met Ronald Cauchi through an advert in a newspaper and moved in with him. They married on August 14, 2004. Before getting married the accused presented a death certificate of her first husband to the Public Registry showing that he passed away in September 2002. During interrogation, the accused told the police that her first  husband had abandoned the matrimonial home in 1994 because he was having an affair with another woman. She had brought up the children on her own.
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Dad's army star dies

May 27, 2013, 7:32 am
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Dad's Army star Bill Pertwee died peacefully today with his family around him, his agent said. The actor, who was 86, was known for his role as the air raid warden Hodges in the classic 1970s' comedy. Agent Meg Poole, of Richard Stone Partnership, said: "He was a really, really nice man. Very bright, very intelligent. "He came from a big theatrical family, a big show business family, and like all of them it was his life and it was very important to him and he was a hugely professional, very clever man." Pertwee's wife died several years ago and he is survived by his son, Jonathan, she said.
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Romanian village rolls out record flag

May 27, 2013, 7:33 am
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A Romanian village has unfurled what villages say is the largest flag ever made, in a Guinness World Records bid. It took about 200 people several hours today to roll out the flag, which organisers say measured 330 metres (1,090 feet) by 220 metres (725 feet), about three times the size of a football field. The five-ton flag was displayed in Clinceni ,22 miles, south east of Bucharest. Workers struggled to keep it firmly planted on the ground because of windy conditions and had to use small sandbags. Adrian Dragomir, manager of the Flags Factory which created the flag, says it took weeks to sew and 70 kilometres (44 miles) of thread was needed. Prime Minister Victor Ponta and other ministers will visit the flag later.
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Strong demand for government bonds

May 27, 2013, 8:16 am
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The government has reported strong demand both by the public and institutional investors for the latest Issue of Malta Government Stock. By the closing dates at 5.00 p.m. last Wednesday, and at noon today, the Treasury received the following applications/bids: Fixed Rate Malta Government Stocks: 5,752 applications/bids having a total nominal value exceeding €282.5 million against the authorised sum on issue of €100 million (subject to an over-allotment option for an additional amount of €70 million). All subscriptions by the public amounting to €148,999,300 will be accepted in full.  
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Italian motorcylist dies in Baħar ic-Cagħaq crash

May 27, 2013, 8:34 am
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A 37-year-old Italian motorcyclist resident in St Julian's has died after a collision with a  car at Baħar ic-Cagħaq this afternoon. The motorcycle was involved in a collision with a red Peugeot 207 which was being driven towards Valletta by a 25-year-old man from Gzira. The motorcycle shattered into several pieces with the force of impact. A Magisterial inquiry is under way.
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Minister says former permanent secretary, not government, requested MCA chairman's resignation

May 27, 2013, 9:40 am
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Economic Affairs Minister Chris Cardona this evening denied that the government had requested the resignation of Antonio Ghigo, chairman of the Malta Communications Authority, although it eventually accepted the resignation. Replying to questions by a number of Nationalist MPs including the Leader of the Opposition, Dr Cardona said the resignation was requested by the former permanent secretary in a letter dated March 12. “I did not know of the letter, I could not have known of this letter since the Cabinet had not been appointed by that date, and we were not yet ministers,” Dr Cardona said. The resignation, he added, was voluntary and was accepted. Opposition leader Simon Busuttil asked the minister not to mislead the House, insisting that the Labour government was responsible on March 12. When Dr Busuttil read the letter asking Dr Ghigo to resign, Dr Cardona requested a copy and insisted again that the permanent secretary had issued it “behind our backs”. In the letter, he observed, the permanent secretary had told all chairmen within the ministry to resign ‘as is customary’ with a change of government. He had also referred to a circular by the former principal permanent...
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Six held after drugs find, including 15-year-old

May 27, 2013, 9:50 am
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Six persons aged between 15 and 25 were arrested during an activity in Armier yesterday after being found in possession of drugs. The police said the six, from Mosta, Vittoriosa, Sliema and Żejtun, were found in possession of cocaine and mephedrone, with two also found in possession of a considerable number of ecstasy pills. The two are expected to be arraigned and accused of trafficking.
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Updated - Speaker rules PM could have made 'better choice of words' in exchange with Tonio Fenech

May 27, 2013, 10:43 am
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Updated 10.13 p.m. The Speaker of the House of Representatives this evening upheld a complaint by Nationalist MP Tonio Fenech following an exchange with the prime minister, saying that Dr Muscat could have made a better choice of words. Speaker Anglu Farrugia delivered his ruling two-and-a-half hours after the sitting was suspended, with Mr Fenech demanding a retraction or apology from Dr Muscat. The exchange took place when Dr Muscat referred to a meeting which Mr Fenech had had with a delegation from the International Monetary Fund, speaking of 'incitement' by the Nationalist MP Mr Fenech denied wrongdoing and demanded an apology. He  said that in terms of standing orders, no one could impute bad motives on an MP. He insisted that in a regular meeting with the IMF delegation, one of the sort frequently requested by the IMF, he had defended Malta's banking system and the financial situation, although he had said that the government did not seem as committed as before to rein in the deficit. He hoped, he said, that Malta was not returning to the Mintoff days where anyone who criticised the government was labelled a traitor. Dr Muscat stood his ground, saying the government knew...
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On burying offending words

May 28, 2013, 3:53 am
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Those who lived through the 1970s and the 1980s still remember with great unpleasantness (and this is an understatement) the use of the word tixwiex (incitement) and xewwiexi. This was one of the favourite insults/threats forming part of the Mintoffian vocabulary. It was a blanket threat hurled at all kinds of critics and criticisms of the government. Journalists were called xewwiexa. The same happened to anyone who discussed with the foreign media what was happening in Malta. The members of the Opposition were, quite naturally, the xewwiexa par excellence. As I noted, the term was not just an insult. It was also a threat that on more than one occasion was translated into action. The use of the word evidenced the belief that the government and the nation were one and the same thing. If you criticised the government you were considered to be against the nation. The country has collectively moved light years away from this kind of political atmosphere. It is therefore very unfortunate that the word has been resurrected once more. L-Orizzont has used it on more than one occasion. This paper has made it a habit of using words and expressions that are unnecessarily harsh and downright...
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Father claims doctors' negligence caused daughter's death

May 28, 2013, 4:01 am
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The father of a 32-year-old woman has filed a judicial protest against the Minister of Health, claiming that as a direct result of doctors' negligence at Mater Dei Hospital, his daughter had died of meningitis. Ritianne Muscat passed away on April 14, two days after she called at the hospital complaining of severe ear ache. Her father, Raymond Muscat, said his daughter was seen by a doctor, who then sent her home. Two days after, she was found dead in her apartment in St Paul's Bay. The cause of death was A1 meningitis. Mr Muscat said the doctors who had seen his daughter were guilty of gross negligence. Had they given her the proper attention and medication, she would not have died, he said in his protest. Mr Muscat said that despite having contacted the Health Ministry, he did not know what was being done about the case. He had however been given an appointment to meet the minister on June 25. He called for a magisterial inquiry to establish the way the doctors had handled the case. Dr Edward Gatt signed the protest.
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Man accused of indecent assault after waitress says she was groped

May 28, 2013, 4:18 am
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A dishwasher was accused in court today with having groped a 19-year-old  waitress in an incident two days ago at  the La Valette Resort, where they work in Paceville. Ibrahim Ali, 30, from the Ivory Coast, who has lived in Malta for the past eight years, was accused of violent indecent assault. He pleaded not guilty. Police Inspector Luke Bonello said that the victim, a Maltese woman, had told the police that he had tried to pull off her blouse and had groped her breasts. He was arrested shortly after. The victim said that this was not the first time that she had been groped and asked for sex by the accused. The accused denied that he had done anything wrong and said he was only joking like he and done before with other colleagues. Lawyer Andrew Sciberras requested bail arguing that the accused was not going to abscond since he had lived in Malta for many years and worked here. Inspector Bonello said that the only problem was that the accused and the victim work in the same place. Magistrate Anthony Vella granted bail against a personal guarantee of €2,000. He also issued  a protection order for the victim.
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Second arraignment in Marsa stabbing case

May 28, 2013, 4:40 am
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Alfred Farrugia, who was stabbed in the groin allegedly by his partner on Friday-Saturday night was himself arraigned today and accused of trying to seriously injure Carmen Meilak, slightly injuring her, harassing and threatening her, relapsing and breaching bail. The incident happened in Racecourse Street, Marsa. Meilak was arraigned and accused of the stabbing yesterday. She was granted bail. Farrugia limped and had to be assisted as he was taken to court this morning. Inspector Sarah Magri said both sides appeared to have caused the incident. She objected to bail, saying the accused was also being accused of breaching bail in another case. Furthermore, he could speak to witnesses in the same road where he lives. He also had convictions for stabbing in the past. Magistrate Anthony Vella granted bail against a deposit of €1,000 and personal guarantee of €5,000. The court issued a protection order for the victim and her family.
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Mother held in remand after allegedly assaulting foundation's staff

May 28, 2013, 5:06 am
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A mother whose children are being cared for by the Richmond Foundation under a care order after running away from home, was today remanded in custody after allegedly assaulting the foundation operations manager and the senior therapeutic social worker. The incident happened two days ago. Rose Marie Pace, 33, of St Paul's Bay, who is unemployed and has seven children, pleaded not guilty to seriously injuring operations manager Holger Saliba. He fell and suffered a concussion. The accused also denied assaulting Andrew Barberi and relapsing. Defence lawyer Simon Micallef Stafrace said that this was a small incident which escalated. He requested bail, saying the court could impose a protection order. The prosecution objected to bail, noting that Mr Saliba is still in hospital. Furthermore, the children are terrified by what had happened. (It was not clear how many of her children are being cared for by the foundation) Magistrate Anthony Vella remanded the woman in custody but said that he was obliging the prosecution to present all the witnesses in the first sitting.
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The Priests to hold concert in Malta

May 28, 2013, 5:26 am
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The Archdiocese of Malta is to present a concert by The Priests - three priests from Northern Ireland who have made a name for themselves in concerts in several countries. The concert will be presented to mark the Year of Faith. It will be held at the Catholic Institute on June 21 at 7.30 p.m.  Also taking part will be soprano Gillian Zammit. The repertoire will include You raise me up, Funiculi Funicula, Bring Him Home, Pie Jesu, You’ll never walk alone, Amazing Grace, Ave Maria and Panis Angelicus. The Irish trio have been singing together since they boarded in the 1970s as students of St MacNissi’s College in Ireland. After signing a deal with SonyBMG in 2008, the priests recorded their debut album, with the unusual honour of having been allowed to record in St Peter’s Basilica in Rome. The album ‘The Priests’ has been released in over 30 countries and to-date has sold more than one million copies in Ireland alone. They also recorded two other albums, ‘Harmony’ and ‘Noel’, which have also been successful and claimed several awards. The group’s concert schedule does not follow the usual band format, as they willingly emphasis that their priestly ministry and pastoral work in...
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Industrial electricity prices highest in EU - MHRA

May 28, 2013, 5:45 am
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Malta’s average industrial electricity prices remain the highest in the EU, the Malta Hotels and Restaurants said. It said in a statement that it been calling on the Government to address the energy issue with a sense of great urgency for the past three years since this has been threatening the long-term sustainability of the hotel and restaurant industry.   2011 2012 Malta 0.18,9 0.18,9 EU27 0.13,7 0.14,4 EA17 0.14,3 0.15,1
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RS2 reaches yet another high

May 28, 2013, 5:48 am
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Further demand for RS2 Software plc shares emerged during this morning’s session enabling the equity to reach yet another all-time high of €1.16,5. However, volumes dropped to 6,630 shares. In its most recent communications to the market, RS2 revealed the potential of further significant licence sales in addition to the start of the first managed services contract in April which should generate a new recurring revenue stream. Moreover, the group also announced that an investor is interest in acquiring at least a 10 per cent shareholding in RS2. Similarly, other equities continue to be supported close to their all-time highs. Malta International Airport plc held on to the €2 level across 22,000 shares and MaltaPost plc maintained the €1.05 level on a single trade of 20,000 shares. In the banking sector, Bank of Valletta plc edged 0.4 per cent higher to regain the €2.25 level on volumes of 25,328 shares. On the other hand, HSBC Bank Malta plc held on to the €2.64 level across 3,697 shares whilst FIMBank plc slipped one per cent to below the US$1 level for the first time in almost six weeks. A single deal of 500 Island Hotels Group Holdings plc helped the equity partially recover...
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Coronavirus sufferer dies in France

May 28, 2013, 5:53 am
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The first person to fall ill in France with the new SARS-like coronavirus, a 65-year-old man who had been travelling in Dubai, has died from the illness, a source at the hospital treating him said. The French health ministry did not immediately confirm the death from the virus, which has killed 22 people worldwide.
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