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News from Malta Low rentals masking real extent of poverty '“ economistPeople paid very low rates for rentals in the past, which could have been masking the true extent of poverty, economist Gordon Cordina has said. Addressing a conference on rents organised by the Malta Institute of Management, he warned that the government should not underestimate the impact of rising rental prices. "The government needs proper data if it is to lead an orderly development of the market. Data will prevent perceptions being formed that may be incorrect. What we need are credible benchmarks of what is really going on," he said. The need for data was also raised by Nationalist Party property market spokeswoman Marthese Portelli. She said policymakers should adopt a strategic approach to prevent bubbles, to maintain positive aspects of the sector and to help the vulnerable With the population forecast to rise to 600,000 within the next 15 years, which Dr Cordina said was at the limit of Malta's capacity, the important thing was to go for quality that would endure once the economy started to level off or slow down. "We need to ensure a prudent investment approach that assumes more realistic settled market prices, which would be sustainable under any economic... More news from MALTA Have a community spirit? Have you considered plogging? A new activity combining sport and clean-up campaigns is spreading like wildfire in Europe. Born in Sweden around 2016, ploggin... Blood donors to get gift from MAPFRE Those donating blood in the coming months will be getting a small keepsake as a token of appreciation from Mapfre Middlesea and... European shares at lowest levels in nearly two years European shares fell to their lowest levels in nearly two years on Tuesday after a disappointing batch of third-quarter results... Woman collapses and dies on Birkirkara street A woman collapsed and died on a pavement in Birkirkara on Tuesday afternoon, in what police believe was a death due to natural... Emotions: how humans regulate them and why some people can't Take the following scenario. You are nearing the end of a busy day at work, when a comment from your boss diminishes what's lef... Sitting comfortably at home? You can win a recording-breaking $1.6 billion jackpot Mega Millions, the huge multi-state American lottery, is offering a record jackpot prize of $1.6 billion (€1.4 billion) in it... Thousands evacuated as Hurricane Willa descends on Mexico Thousands of people were evacuated, buildings boarded up and classes canceled on Mexico's Pacific coast as Hurricane Willa thre... Man brandishes a knife as tempers flare at car dealership A man who brandished a knife and threatened a car dealer who allegedly sold his son a defective car was handed a suspended jail... Iran's oil minister says US sanctions cannot stop crude exports The United States cannot stop Iranian oil exports by imposing sanctions on Tehran, Iran's oil minister said on Tuesday, warning... Suspicious tools land duo in jail Two men arrested after being found in possession of tools used for break-ins have been handed a prison sentence after admitting... 'New phase' of works to start on Great Siege monument The Restoration Department is about to embark on the second phase of a project to bring the Great Siege monument back to its fo... Growing evidence that noise is bad for your health The World Health Organisation recently published its latest noise pollution guidelines for Europe. The guidelines recommend out... Throat-slitting gesture leads to rape charges against man A man who allegedly threatened his young daughter with a throat-slitting gesture, was remanded in custody on Tuesday after that... Stone slab lodges in bus windscreen A route bus ended up with a slab of stone lodged in its windscreen after it crashed into a wall on Tuesday afternoon. The acci... MSE Equity Price Index sheds almost 1% The MSE Equity Price Index fell by nearly 1% to 4,483.006 points on Tuesday as the equities of five large companies posted shar... European Commission rejects Italy budget, demands new version The European Commission has rejected Italy's 2019 budget and will ask Rome to present a new document within three weeks, Italia... Five-storey guest house proposed over landmark Ryan's Pub in Spinola Bay An application has been filed for the development of a five-storey guest house overlooking Spinola Bay. The proposal in Triq Wi... Caruana Galizia portrait unveiled at European Parliament A portrait dedicated to Daphne Caruana Galizia was unveiled at the European Parliament on Tuesday to mark one year since the as... Valletta community worker to flag residents' needs A community worker funded by the private sector will be flagging the specific social needs of Valletta residents, such as lonel... Shop owners fuming over 10-year '˜policy' restriction Retailers who not so long ago renewed the lease of their government-owned premises are claiming that a 10-year restriction "pol... Bolt deal talk dominates first weekend of A-League Olympic sprint champion Usain Bolt managed to upstage the first weekend of Australia's A-League season without kicking a ball a... Man gets suspended sentence for harassing former partner A man who slightly injured his former partner in a violent incident on Saturday was on Monday given a suspended sentence after ... Four, including baby, treated for smoke inhalation   Four people, including a baby, were admitted to hospital to be treated for smoke inhalation following a fire at a residen... Threatens to kill partner unless she moves out A man who allegedly threatened to kill his partner unless she moved out of their rented home was granted bail after pleading no... Watch: Shocking video shows body double used to cover journalist's murder Newly leaked CCTV footage has emerged that appears to show a man leaving the Saudi consulate in Istanbul wearing the clothes of... |
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