Thu. Jun 20th, 2019

Ngiwal State general election set for August 9

By: L.N. Reklai

Ngiwal State will hold its general election this August 9, 2016 to elect its new government, a governor and State legislators.

According to Election Commission, three candidates are vying for the Office of the Governor, the incumbent Elender Ngirameketii, retired police officer Xavier Ngirameong and legislator Hideki Takataro.[reistrict]

12 candidates are vying for the 7 elected legislature seats.  These are Stephly Gabriel, Cisco Melaitau, Loraine Kloulubak, Russell Masayos, Emory Mesubed, Marina Udui, Gregorio Ngirmang, Jonathan Masaichi, Rachel Ngirarois, Francis Termeteet, Johndeck Timarong and Jonathan Bultedaob.

There are 10 seats reserved for traditional chiefs.  Some of these seats are disputed due to ongoing disputes for chiefly titles.

Ngiwal State government has seen growth in the last few years, particularly with opening of its public land for leases and opening of new attractions.  As one of the Babeldaob states with beach front properties, it is seeing growth in tourism development and is expected to develop in the coming years. [/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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