News

MDA insists its Budget proposals as agreed before general election

Saturday, September 16th, 2017

The Malta Developers Association presented a substantial document with concrete proposals for Budget 2018, some of which can be implemented immediately.

MDA President Sandro Chetcuti, who headed a delegation of Council members, augured that the Prime Minister and his Government would continue to achieve further progress and success in its endeavours to take the country to the next level. He praised Government’s initiatives that have truly brought the best of times in terms of employment and a booming economy.

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Both PN leadership contenders request meeting with MDA

Sunday, September 10th, 2017

The two Nationalist Party leadership contenders, Dr Adrian Delia and Dr Chris Said, held separate meetings with the Malta Developers Association Council. The meetings, held at the request of the two candidates, turned out to be two long, fruitful discussions.

Both Dr Delia and Dr Said acknowledged the good work of the MDA and its highly valid contribution to the country.

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older news

MDA welcomes FOBC as Associate Member

The Malta Developers Association on Friday changed its statute to enable it to accept associate member organisations and immediately welcomed the Federation of Building Contractors (FOBC) as an associate member.
MDA President Michael Falzon expressed satisfaction that the association had, in two short years, become universally acknowledged as the voice of developers, a voice that speaks without fear or favour in the name of its members on the property market.
It has gained recognition from the political forces in the country, the media and those prejudiced against the property market, and has established itself as a serious NGO whose word is respected even by those who do not agree with it.
“As a result of our work, we have placed the property market on the national agenda,” Mr Falzon affirmed. “We have put pressure on the politicians in the country and, for the first time, the property market has been mentioned in the Budget as an economic sector in the country.”
From what has already been announced, the Labour Party will include three measures in its electoral manifesto following requests from the MDA: action on the Permanent Residents Scheme; the introduction of a final withholding tax on income from rent from residential properties; and the automatic renewal of permits that MEPA has already issued.
The Nationalists already announced in their electoral programme that they will include the MDA’s proposal for a final withholding tax on income from rent from residential properties. “I hope when the two manifestos are published there will be further acceptance of the MDA’s proposals, for which it has worked so much,” Mr Falzon said.
MDA disagrees with Alternattiva Demokratika’s electoral pledge to tax vacant property, which creates an imbalance in the property market since prices will no longer be subject only to the rules of the free market.
Mr Falzon dwelt at some length on the issue of renewal of existing MEPA permits. “We are highly disappointed that after months of insistence with MEPA on this issue, including a specific meeting with Minister Mario de Marco, the Authority issued a 26-page consultation document earlier this week introducing an incredible amount of bureaucracy. As a result, a great deal of uncertainty is going to be created with no one knowing where they stand since everything is tied together.”
The MDA objects to this, pointing out that the MEPA board appears to have given up on allowing common sense to prevail among its employees. Mr Falzon outlined the MDA’s stand on the issue.
The incoming council of the MDA is again headed by Mr Falzon. Sandro Chetcuti is Vice-President; Ian Fitzpatrick, secretary; Paul Xuereb, treasurer; and Anton Camilleri, Mario Camilleri, Malcolm Mallia, Euchar Vella and Keith Pillow, members.

26 January, 2013

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