Fri. Jun 21st, 2019

Palau’s First Lady attends WTO conference in Bhutan

First Lady Debbie Remengesau (center, front row) with Bhutan Prime Minister Lotay Tshering (rightmost) during the 31st joint meeting of the United Nations World Tourism Organization (UNWTO) Commission for East Asia and the Pacific in Bhutan on June 3. (Contributed Photo)

Palau’s First Lady Debbie Remengesau, together with the co-founders of the Palau Legacy Project, had attended the 31st Joint Meeting of the United Nations World Tourism Organization (UNWTO) Commission for East Asia and the Pacific held in Bhutan from June 3 to 5.

Press Secretary Olkeriil Kazuo told Island Times that the First lady is also set for private meeting with Bhutan’s tourism director and will have the chance to learn firsthand about Bhutan’s sustainable tourism efforts through a technical tour.

She will also meet with the UNWTO Director to discuss about Palau’s membership and tourism initiatives linked to the United Nations Sustainable Development Goals (SDG.)

In her congratulatory remarks during the first day of the conference, Remengesau emphasized the need to address challenges brought by destructive tourism practices.

“We need to better understand how to support the sustainable development of tourism so that we can take steps to create better policy, infrastructure and initiatives,” Remengesau said.

Remengesau also did not fail to mention the country’s popular ‘Palau Pledge’, a mandatory oath to be signed by all visitors upon entry to the country as a promise to act in an environmentally responsible way during their stay here.

“In the tourism industry, we have a huge opportunity and a huge responsibility to our planet and to the children who follow us. Everyone in this room has the power to create real and lasting change toward the preservation of our environment,” Remengesau said.

The First Lady departed Palau on May 31 to attend the conference and is expected to be back in Palau by June 10.


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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