Thu. Jun 20th, 2019

A Testament of Friendship: Palasia at 20

SERVICE AWARDEE. Palasia Hotel President Ms. Doris Chin (left), Palasia Hotel Chairman of the Board Chen Shuh (3rd from left) and Palasia Vice Chairman of the Board Alan Seid had awarded a trophy and certificate to Palasia Hotel Senior Maintenance Supervisor Valerio Benamera (2nd from left) for his long years of service at the hotel. (Rhealyn C. Pojas)

If there is one structure that could attest to the relationship between Palau and Taiwan, then that would be the Palasia Hotel.

Twenty years ago, when the Palasia Hotel was built, the diplomatic ties between Palau and Taiwan was also established. This is according to Palasia’s very own Chairman of the Board Chen Shuh in an exclusive interview with Island Times during their 20th anniversary celebration on the evening of August 24.

VIPs comprised of big names in politics and the business industry of Palau graced the celebration.

“It is a very meaningful and beautiful day because it is our 20th anniversary. As you know, 20 years ago, when this hotel was built, the Republic of China and the Republic of Palau established the diplomatic relationship,” Chen said.

Chen said that the past 20 years for them had been successful with the help of their colleagues and team who are “warm and energetic.”

Chen also shared his visions for Palasia such as establishing a more competitive and better working environment and renovating facilities to strengthen architecture, among others.

One by one, VIPs arrived at the entrance, clad with their formal attires. Chairman Chen and the President of Palasia Hotel Ms. Doris Chin themselves welcomed each guest that came together with the hotel’s staff.

The hotel executives also did not fail to recognize the staff who had walked with them through thick and thin in the last 20 years by awarding them for their service.

Six staff from different departments namely Leylany Brel, Carlynn Ngirmidol, Jimmy Mistru, Sophia Ilab, Valerio Benamera, and Maria Luisa Moses were given certificates, trophies, and cash.

Vice President Raynold Oilouch, during his speech, said that Palasia hotel had weathered several economic downturn including the decrease of visitor arrivals but it has stayed with Palau “through thick and thin.”

Oilouch had also presented the Certificate of Appreciation that was signed by Palau’s President Tommy Remengesau, Jr. to express Palau’s appreciation for the hotel’s contribution in Palau.

The celebration lasted through the evening with the VIPs being entertained with fun song and dance presentations from the staff and Palauan dancers and singers.

On the following day, the Palauan people together with their foreign friends, were also united in the celebration by running together in the fun run hosted by the Palasia Hotel.

The celebration reflected the friendship that has been cultivated through the years not only among the hotel staff but with the Palauan community as a whole. (Rhealyn C. Pojas)


ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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