22 May 2013 | 03:23
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During a visit to the offices of the Co-Operatives Board in Valletta, Labour party leader Joseph Muscat said that it high time that a co-operative Bank is established in Malta.
Dr. Muscat said that the PL in government would create the right framework and enact the relevant legislation to set up the first co-operative bank in Malta.
The Labour Leader explained that co-operative banks were working well even in during these economically problematic times. Recently, the government mentioned some proposals in the co-operatives sector and these should be developed further.
We should continue backing private co-operatives, but the country should also encourage other co-operatives originating from the civil service, continued Dr. Muscat. An experiment carried out in 1993, to implement the legal framework for co-operatives, should be broadened for a wider use.
Joseph Muscat said that the country should create the right atmosphere to ensure good governance among co-operatives.
The Labour Leader mentioned the efforts that were made to introduce co-operatives among children and students, through an initiative called ‘Scoops’. This should be revived and given a new lease of life, said Dr. Muscat. He also said that the Labour Party was a firm believer in the principle of co-operatives and he believes that this is the right time for the co-operatives movement in Malta, to take the next step towards furthering these principles.
Wilfred Kennely, the President of the co-operative movement said that co-operative societies in Malta have opened new frontiers, such as consultancy, services and child care centres, among others. He concluded by saying that the government should create the correct atmosphere for the creation of more co-operatives, especially since this year is the United Nations Year of Co-operatives, with a theme of “Co-operative enterprises build a better world’.
Dr. Lydia Abela, Secretary to the executive of the Labour Party, accompanied Dr. Muscat on this visit.
Comments
Gramshi
- Fri 10-Aug-2012, 08:12Sur Barbara, naħseb li infurmat ħażin, l-abbozz finali ta-liġi li qiehed jipproponi il-Gvern bla ebda mod ma' kienu infurmati bija la Koperattivi Malta u wisq anqas il-Koperattivi. Nitolbok nikkomunika ma' Koperattivi Malta sabiex tikkonferma dan ma' Koperattivi Malta sabiex tikkonferma li dak li qiegħed nejd huwa il-verità'. Rapporti jistgħu issiru kemm trid, iżda dawn qatt ma' jfissru li qed tikkonsulta.
Ray Barbara
- Thu 09-Aug-2012, 21:25Is-Sur Gramshi huwa zbaljat bil-kbir. Koperattivi Malta ippartecipat bis-shih fil-konsultazzjoni dwar emendi godda fil-ligi, sahansitra ppublikat dokument shih dwar il-proposti taghha! Barra minn hekk kienet saret kummissjoni apposta mill-Gvern u kien imhejji wkoll rapport mill-Professur Munkner.
Gramshi
- Thu 09-Aug-2012, 15:52Labour has always promoted Co-operatives in Malta, so much so that it was way back in the 70's (Under Labour administration) that the first fully fetched co-operative legislation was enacted in Malta. This legislation proved extremely beneficial for Co-operative growth. In contrast, only a few weeks ago, the Minister responsible for Co-operatives (The Hon. Dr. Jason Azzopardi) declared that he was about to present a new legislation without even informing Koperattivi Malta what the legislation is all about, all this was done against the very democratic principles of Co-operatives, that is participation.