Thu. Jun 20th, 2019

Amid dissent, Palau’s president remains firm with his support for Taiwan

Amid news of dissent among Palauan government leaders in terms of showing support for China or Taiwan, President Tommy Remengesau, Jr. remains firm with his stance in supporting the latter.

President Remengesau, in his letter of congratulations for Taiwan’s celebration of its 107th National Day that was addressed to Taiwan President Tsai Ing-Wen, reiterated that Palau continues to cherish its relationship with Taiwan and it believes in its ability to contribute in addressing world issues and in attaining the United Nations’ Sustainable Development Goals.

“As you celebrate this 107th year of your National Independence, we reflect on our shared values of democracy, peace, and freedom and we look towards many more years of strengthening our partnership and our common democratic principles – the very foundations on which our respective countries are built and will continue to move forward upon,” the president stated in the letter.

“The people and government of the Republic of Palau join the people and government of Taiwan in celebrating her 107 years of National Independence,” the letter reads.

Recently, a Taiwan-based news outfit quoted Palau’s House of Delegates Speaker Sabino Anastacio in saying that Palau might switch to supporting China in two years, adding that he wanted Chinese tourists to visit Palau and to have more flights from China, Hong Kong, and Macau to the country.

This is not the first time that the Speaker has publicly expressed his leaning towards China as during a groundbreaking ceremony for a Chinese-back resort in Palau in July this year, he and Palau Senate President Hokkons Baules had been publicly vocal in supporting China.

These claims however were in contrast to the public statements made by Palau’s President. In the recently concluded 73rd session of the United Nations General Assembly in New York, Remengesau has joined other nations in urging the UN to recognize Taiwan. (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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