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COLA will not be reduced: set to rise by €9.90

 - News - Oct 24 SHARE ON:
COLA will not be reduced: set to rise by €9.90

Addressing the 2023 Budget, Minister Clyde Caruana revealed that despite the urging to reduce the cost of living adjustment, the government will not be doing so. 

The Finance minister revealed that the government stood fast against this request as they want to send a message of solidarity with the workers and help them during the period of inflation. 

‘As we help businesses with energy costs as well as COVID-19 induced costs, we will remain fair with all workers’ the Minister revealed. 

As revealed prior to the budget, the rise in cost of living adjustment will be €9.90 per week. This raise will be given to all workers, pensioners and those on social benefits. Stipends will increase on a pro-rata basis. 

The Minister revealed that the raise for pensioners on the island will be one of €12.50 per week including the COLA. This means pensioners will be getting a raise of €650 per year. This translates to €65 million in he pockets of 100,000 pensioner. 

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WATCH: Minister Clyde Caruana paid for budget briefcase himself, TVM reveals

 - Local - Oct 24 SHARE ON:
Minister Clyde Caruana paid for budget briefcase himself, TVM reveals

Ahead of today’s Budget 2023 event, it was revealed that the brand new, notably red, Budget briefcase was paid for by Minister Clyde Caruana himself.

 

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In a broadcast by Television Malta, a number of facts regarding the briefcase were revealed. The red briefcase is a nod the Malta as a British colony, which also carries the Republic of Malta’s coat of arms. Inscribed on the front is ‘Minister for Finance’, with a verse from Malta’s national anthem inscribed on the back.

Traditionally, the briefcase is given to the Minister of Finance after his

tenure as a sign of appreciation for their work.

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Man dies after being hit by car in Marsa

 - Local - Oct 24 SHARE ON:
Man dies after being hit by car in Marsa

Police were informed at around 1410hrs that a traffic incident had occurred at around Triq Dicembru Tlettax, Marsa. 

Police convened immediately on site and preliminary investigations revealed that a man, whose identity is not yet known, was hit by a Mercedes Benz C250, driven by a 66-year-old Fgura resident. 

A medical team was called on site which transported to Mater Dei Hospital to give further aid. Unfortunately, the man was certified dead a few moments later. 

An inquiry has been opened and investigations are ongoing. 

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Msida Creek Project: New plans by Infrastructure Malta to be submitted

 - Local - Oct 24 SHARE ON:
Msida Creek Project: New plans by Infrastructure Malta to be submitted

Infrastructure Malta will be submitting new plans to the Planning Authority for the Msida Creek Project development applications.

The project will see the construction of a new flyover to replace the Msida Creek traffic lights junction and introduce safer facilities for alternative modes of transportation. 

Apart from a new cycling and walking track, the project will provide an upgrade to the surrounding areas with new recreational zones. The agency proposes that 60% of the project be dedicated to open public spaces, creating a more pleasant environment to be the locality’s centre. 

The space will include a new 2,200 metres squared piazza in front of the Parish Church as well as a seawater channel. The 220 metre channel will be surrounded with pathways for relaxation.

This investment of approximately €18 million, includes the redesign and reconstruction of the traffic lights junction connecting Triq il-Marina (to and from Sa Maison and Valletta), Triq il-Wied tal-Imsida and Triq Mikiel Anton Vassalli (to and from the Tal-Qroqq Skatepark roundabout) and the upgrading of a number of nearby junctions with other roads leading to and from Gżira, Sliema and Ta’ Xbiex.

Public transport connections will also be improved, with pelican pedestrian crossings to be added for safe connections. A new solar cover parking lot with 100 spaces will also be developed, as well as an underground stormwater system to alleviate the flooding problems of the area. 

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Find out more about the project here.

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