Fri. Jun 21st, 2019

Final tranche of 2013 Annual Assistance and Seventh Tranche of 2014 Annual Assistance Funding Provided by the ROC Government Handed over to Palau

 Charge d’affaires Counselor Joseph Chang of the ROC (Taiwan) Embassy in the Republic of Palau (ROP) presented two checks amounting to near one million US dollars to Hon. Billy G. Kuartei, ROP Minister of State on July 11th. The two checks are respectively for final tranche of 2013 annual assistance for three construction/renovation projects and seventh tranche of 2014 annual assistance that provides budgetary support to the ROP national government. [restrict]

For the final tranche of 2013 annual assistance, funded projects in this action are Office of the Attorney General Renovation Project, Belau National Hospital and Ministry of Education Photovoltaic Systems Repair Project, Division of Customs Kennel Facility Improvement Project.

For the budgetary support, it is anticipated that the funding will be used to pay the rent of the ROP’s Embassy and Ambassador’s residence in Taipei, to supplement Administration, Inspection and Contingency cost (AIC) to Capital Improvement Project (CIP) Office, and other projects to be named later.

The ROC government treasures cordial relationship with the ROP and is happy to render continuous assistance to the people and government of the ROP. It is ROC government’s utmost wish that people of Palau are able to benefit from projects through its assistance of any kind. [/restrict]

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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