Current crisis may be of benefit to Malta
The current financial crisis may result in a number of emerging opportunities for the Maltese IT industry, SmartCity Malta CEO Claudio Grech said.
Speaking during the first national ICT conference organised by the University’s ICT faculty, Mr Grech said that while the latest forecast indicators revealed a bleaker outlook for the near term, new trends and operational adjustments were shaping up new global opportunities which Malta could use to enhance its IT business destination credentials.
“SmartCity Malta is reading the current global picture and interpreting these signals,” said Mr Grech.
“While major ICT companies are seriously reconsidering planned expansions and/or relocations to other destinations, Malta is well placed to be considered as an attractive cost-efficient destination," he said.
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D.MANGION
Nov 21st 2008, 05:42
Who makes up SmartCity Malta at present ?
What are their credentials?
How many of them there are?
What makes them confident that their statement makes sense?
From where have they obtained this marvellous piece of information?
When will SmartCity Malta start to be operational ?....(at least 75 % of it)
From what we, common mortals are reading, the world has not experienced such a financial crisis since pre Word War II. Would there be a possibility of such a similar event in the very near future? If yes....why bother to make such projections?
Jospeh Mangion
Nov 21st 2008, 00:03
Dear Mr Grech,
The ONLY benefit the current crisis may have for Malta, is for the PN, who will use it for every excuse when things go bad, every excuse to increase taxes, who has used it for its budget speech, when the budget is held on accounts upto August and not September when this crisis started.
PN please notice that you can fool some of the people all of the time, but you cannot fool all of the people all of the time!
J. Abela
Nov 20th 2008, 23:15
Seems to me that we're sort of a super power. As stated by some economist we are immune to the crisis but we're doing superb. Malta is illuminating in the middle of the mediterrain and attacting alot of investors... What is all this about?...!!! This is now going too far with tales and stories....
fredmallia
Nov 20th 2008, 22:54
what a sensation to boost gonzi/gattopn
Charles Sammut
Nov 20th 2008, 22:43
Come on guys, can't you spot political hype when you hear it?
There are lies, damned lies, statistics and then you have political hype.
Ivan Reel
Nov 20th 2008, 22:39
I agree with this thought. Malta has much to offer overseas IT needs. Even here in Canada and the US. I would, and will be, be heading to your amazing country to contract IT talent. But, be assured, Mr Grech, that if you thought India and China were not also considering getting even more competitive with their IT costing, you would be sadly mistaken. You will need smart city to make good on this thought. I just hope the funnel for money, for talent, in the school system plays out properly so that the Maltese actually benefit.
saha!
lgalea
Nov 20th 2008, 22:16
The mind really boggles.
c.t. busuttil
Nov 20th 2008, 21:32
By cost-effective I suppose he means our embaracingly low wages.
v Caruana
Nov 20th 2008, 20:57
If I Believe that I'll believe anything!
Twanny Galea
Nov 20th 2008, 20:57
WHAT cost efficient?????????? I think i'm dreaming
philip pace
Nov 20th 2008, 19:44
To Mr Claudio Grech I would say, let us review the situation in a years' time and please don't be so speculative as it really hurts. Let us see how the world shall be in a years time which might prove you right after all.
Or would Smart City be ready by then having all the latest technology?
For the readers (those who forget quite easily) please note the long years it took for the Delimara power station to be built and also the Mater Dei 'state of the art' hospital.
Apart from the time factor try to remember how much they REALLY cost us!
Would this be another futile exercise in a diversive speculation?
Only time shall tell!
F.bartolo F.bartolo
Nov 20th 2008, 18:38
Thats what they all say.. or shall i say < pull t'other its got bells on it!>
Manuel Mifsud
Nov 20th 2008, 18:30
Some readers are so eager to post a negative comment that they don't even find the time to read the news item first!
laurence schembri
Nov 20th 2008, 18:19
Do not count you eggs before they hatch.
Current crisis are already with us, or haven`t you noticed.