Friday, 31 August 2012
Cancer chief resigns after advice ‘repeatedly ignored’ - timesofmalta.com
Posted on 03:44 by Ashish Chaturvedi
Sunday, 26 August 2012
Formidable upsetter of many apple carts
Posted on 03:22 by Ashish Chaturvedi
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Monday, 20 August 2012
Is insurance as colourful as painting?
Posted on 08:42 by Ashish Chaturvedi
Many people regard the insurance business as staid and unexciting, so when I found out that David Curmi, the chief executive officer of MSV Life plc, was also an artist, I was curious to find out whether his paintings, which are abstract and very colourful, were his release from his sober work environment.
“My father had recommended I go for the insurance business. I finished school in the late seventies when there were problems at university and my dad suggested I should opt for something fairly new, which insurance was at that time,” he told me. He obviously took to it like a duck to water, since he has not only been in the business for 33 years but is also one of its leading lights.
David grew up in Birkirkara because that was where he went to school. His parents moved there to be near St Aloysius College. “I was lucky in that I never needed transport to get me to school and back.”
The eldest of four boys David has very happy memories of his school days. “We bonded as a group and we still meet up every year,” he says about his classmates. He also still has ties with Birkirkara, in particular the football club, which he says is a great fan of his company. MSV Life sponsors facilities at the club. Besides, the company has also provided a turf football pitch in every village.
I asked David what other community related projects MSV Life is involved in. “One particular long standing programme that MSV is very proud of, for which, incidentally, my predecessors deserve credit not me, is an arrangement with Inspire, formerly the Eden Foundation, whereby we employ over 15 young people who would otherwise have difficulty finding jobs. The posts are quasi full time and there are two facilitators on the premises to help with training and so on,” he told me.
Getting to the nitty-gritty of the business, things have not been easy worldwide. How has the global financial slow down affected your company? I asked him.
“It has certainly left its mark and affected our revenues. Europe and the IMF will put Malta under pressure, uncertainty creates a negative sentiment and our business is very prone to sentiment.
“We are currently experiencing a lower demand for our products. Lower investment returns were and are still affected due to the eurozone problems.
“But things are not as bad as in 2008 and 2011. The life insurance market in Malta, like other international companies, had shrunk in those two years. However, that was only two dips over a span of 16 years. The current eurozone crisis will be resolved. It will be painful, but it will be resolved.”
So what is your current investment strategy? I ask him.
“We are sometimes said to be too conservative, but I am confidant that we are doing it very well. Our guiding principle is never taking unnecessary risks. We will never do anything we don’t fully understand, if we don’t understand it, our clients will not either.
“Our decision process is based on the tennis court analogy. We play centre stage, never on the edge.
“Perhaps one of our most important and fundamental responsibilities is constantly collecting and administering people’s money. We therefore adopt a very prudent and conservative stance in order to preserve the value of capital provided by our shareholders and customers.
“On the local front there are opportunities in retirement planning. Since we are the leading company in that and investment, we are looking forward with a degree of optimism that opportunities will arise in this area.”
So does his optimism extend to his painting too?
“I was 18 when I had my first exhibition, but my career restricted my painting, although I still painted at home whenever I found the time. I was lucky in that the President found out about my painting and offered me to have a recent exhibition at San Anton. That gave my work exposure and was so successful that I am now working on a second exhibition,” he said.
But art is not David’s only passion. He shares his love of music with his wife Mariella; they have just been to Milan for a Bruce Springsteen concert. Their taste in music is eclectic, ranging from rock to folk music from Africa, Asia and South America. He is a great Bob Dylan fan and not only followed his footsteps in New York, but also saw him in concert in Rome, Zurich and Sicily.
“I always have music on when I paint,” he told me.
Eclectic music taste and abstract art seem unlikely bedfellows with insurance management, yet David Curmi seems to have got them to gel for him.
Article published in the Malta Independent on Sunday 19 August 2012
Sunday, 12 August 2012
Is Malta rubbish on waste management or not?
Posted on 06:39 by Ashish Chaturvedi
Malta is nearly at the bottom of an EU scoreboard assessing the management of municipal waste, ranking 25th out of 27. Just pipping Bulgaria and Greece to the post, I read in a report from Brussels published in The Times (Malta).
It “has still not implemented a waste prevention programme, it had very high levels of land filling, low recycling levels and was yet to reach targets on biodegradable waste,” according to the EU study.
It failed in 13 of the study’s 18 criteria. It is still land filling 86.3 per cent of its total municipal waste and recycling only seven per cent, we were told. And “although efforts to improve were recognised, particularly compared to the situation before joining the European Union in 2004, it was being slow to meet EU standards”.
“Not so,” came the rebound from Malta's Resources Ministry. “The EU scoreboard which gave Malta low marks on waste management is two years old and does not reflect the current situation. Whereas up to 2010 some 85 per cent of waste was dumped in the landfill and 15 per cent was recycled, at present, some 57 per cent of waste went to landfill and 43 per cent was recycled,” it claimed.
So has Malta been updating its data with the EU? Is the Commission going to base its “roadmaps for the 10 worst-performing member states, including Malta,” on an outdated study?
“We are noticing many improvements in Malta and many projects are currently ongoing in order to dispose of municipal waste better. But despite this progress Malta is still way behind our average standards. Land filling was its biggest waste problem, even though the amount going into landfills was being reduced every year. Disposing of waste in landfills was the worst possible way of dealing with it,” The Times article quoted an EU official saying on Tuesday,
The Ministry had nothing to say about the waste prevention programme in its response. Now the first thing that springs to mind is: how on earth can one “prevent waste”? However, reducing it can certainly be done.
Malta has stopped plastic bags being given out at supermarkets, which has forced me to be creative on how to dispose of my domestic waste. But, since I am not au fait with what exactly waste prevention involves, I visited the EU’s environment page and discovered that it is “A key factor in any waste management strategy” and that it is all about reduction.
Basically, it is about reducing the amount of waste generated at source and reducing the hazardous content of that waste, which automatically simplifies its disposal. That indicated to me that it is the manufacturers of products, which could do something about packaging.
Since many products that we consume come from abroad, it is up to the EU to instigate legislation ensuring manufacturers toe the line all over Europe. That does not, however, absolve our country from ensuring our producers of packaged goods are reducing packaging and that any hazardous content is eliminated.
Yet, it is not only Malta that has made limited progress. “According to the Strategy, although waste prevention has been the paramount objective of both national and EU waste management policies for many years, limited progress has been made in transforming this objective into practical action.
“Neither the Community nor the national targets set in the past have been satisfactorily met. As a result, the Strategy concludes that prevention can only be achieved by influencing practical decisions taken at various stages of the life cycle: how a product is designed, manufactured, made available to the consumer and finally used,” said the EU Environment page on waste.
However, we in Malta can take heart that we shall top the table on waste management in the future. “Its work in the field will take it to the top of the EU league,” the Resources Ministry promised on Wednesday. But is that yet another pre electoral promise?
Article published in The Malta Independent on Sunday on 12 August 2012
It “has still not implemented a waste prevention programme, it had very high levels of land filling, low recycling levels and was yet to reach targets on biodegradable waste,” according to the EU study.
It failed in 13 of the study’s 18 criteria. It is still land filling 86.3 per cent of its total municipal waste and recycling only seven per cent, we were told. And “although efforts to improve were recognised, particularly compared to the situation before joining the European Union in 2004, it was being slow to meet EU standards”.
“Not so,” came the rebound from Malta's Resources Ministry. “The EU scoreboard which gave Malta low marks on waste management is two years old and does not reflect the current situation. Whereas up to 2010 some 85 per cent of waste was dumped in the landfill and 15 per cent was recycled, at present, some 57 per cent of waste went to landfill and 43 per cent was recycled,” it claimed.
So has Malta been updating its data with the EU? Is the Commission going to base its “roadmaps for the 10 worst-performing member states, including Malta,” on an outdated study?
“We are noticing many improvements in Malta and many projects are currently ongoing in order to dispose of municipal waste better. But despite this progress Malta is still way behind our average standards. Land filling was its biggest waste problem, even though the amount going into landfills was being reduced every year. Disposing of waste in landfills was the worst possible way of dealing with it,” The Times article quoted an EU official saying on Tuesday,
The Ministry had nothing to say about the waste prevention programme in its response. Now the first thing that springs to mind is: how on earth can one “prevent waste”? However, reducing it can certainly be done.
Malta has stopped plastic bags being given out at supermarkets, which has forced me to be creative on how to dispose of my domestic waste. But, since I am not au fait with what exactly waste prevention involves, I visited the EU’s environment page and discovered that it is “A key factor in any waste management strategy” and that it is all about reduction.
Basically, it is about reducing the amount of waste generated at source and reducing the hazardous content of that waste, which automatically simplifies its disposal. That indicated to me that it is the manufacturers of products, which could do something about packaging.
Since many products that we consume come from abroad, it is up to the EU to instigate legislation ensuring manufacturers toe the line all over Europe. That does not, however, absolve our country from ensuring our producers of packaged goods are reducing packaging and that any hazardous content is eliminated.
Yet, it is not only Malta that has made limited progress. “According to the Strategy, although waste prevention has been the paramount objective of both national and EU waste management policies for many years, limited progress has been made in transforming this objective into practical action.
“Neither the Community nor the national targets set in the past have been satisfactorily met. As a result, the Strategy concludes that prevention can only be achieved by influencing practical decisions taken at various stages of the life cycle: how a product is designed, manufactured, made available to the consumer and finally used,” said the EU Environment page on waste.
However, we in Malta can take heart that we shall top the table on waste management in the future. “Its work in the field will take it to the top of the EU league,” the Resources Ministry promised on Wednesday. But is that yet another pre electoral promise?
Article published in The Malta Independent on Sunday on 12 August 2012
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