Former Chamber President’s Warning: Be Cautious of Empty Promises

Malta’s business scene is abuzz with whispers of grand plans and ambitious promises. But as the old adage goes, ‘if it sounds too good to be true, it probably is.’ This warning, echoed by former President of the Malta Chamber of Commerce, Enterprise and Industry, Marisa Xuereb, should serve as a cautionary tale for both businesses and the public.

Xuereb’s Words of Caution

Speaking at a recent business forum held at the Mediterranean Conference Centre in Valletta, Xuereb cautioned, “Be wary of those who promise a lot. It’s important to look beyond the rhetoric and evaluate the feasibility and sustainability of these promises.” Her words come at a time when political parties are gearing up for the next general election, and businesses are eyeing potential opportunities and challenges.

Promises and Reality: A Closer Look

Xuereb’s warning is not without merit. Malta’s political scene is known for its strong rhetoric, with parties often promising grand projects and reforms. However, the reality often falls short. Take, for instance, the long-awaited Marsa Sports Complex. First promised in 2008, it’s still a work in progress, with numerous delays and cost overruns.

Similarly, in the business world, startups and established companies alike often make lofty promises. But as Xuereb points out, it’s crucial to consider the practical aspects. “Promises are easy to make, but delivering on them is a different story. It requires careful planning, resources, and often, time,” she said.

Navigating the Promises: A Practical Guide

So, how can one navigate this scene of promises? Xuereb suggests looking at the track record of those making the promises. “What have they delivered in the past? Do they have the resources and capability to follow through?” she asks.

She also advises looking at the feasibility of the promises. “Is the promise realistic given the current economic and political climate? Does it align with the country’s or the company’s long-term vision?”

it’s essential to consider the potential risks and challenges. “Every promise comes with potential pitfalls. It’s crucial to evaluate these and have a plan B,” Xuereb adds.

In the end, it’s about being discerning and asking the right questions. As Xuereb puts it, “It’s not about dismissing all promises, but about being cautious and informed. After all, Malta’s future, be it economically or politically, is shaped by the promises we choose to believe and act upon.”