Thu. Jun 20th, 2019

Port State Measure workshop to deter IUU fishing starts in Palau


The Food and Agriculture Organization of the United Nations (FAO) in cooperation with the Palau government opened yesterday the 4-day workshop to build capacity for implementation of the 2009 FAO Agreement on Port States Measures (PSMA) in the island nation. [restrict]

Palau waters continues to be threatened by Illegal, unreported and unregulated (IUU), Minister of Natural Resources, Environment and Tourism (MNRET) Umiich Sengebau in his opening remarks said Palau faces “between 50 and 100 incursions by pirate vessels spread across a vast expanse of ocean. That is why the Port State Measures Agreement is so critical for Palau.”

. The FAO Agreement on Port State Measures to Combat Illegal, Unreported and Unregulated Fishing has been designed to intensify global collaboration between fisheries and port authorities to eliminate IUU fishing, through globally agreed  standards for concerted action and  will  enable better inspections and controls at the ports on vessels and increasing flag state responsibility.

“By creating a network of nations that share information when a vessel may be trying to land illegal catch, the PSMA aims to create the level of international cooperation we desperately need to police not just individual pirate ships, but the whole global fishing industry,” Sengebau added.

Keobel Sakuma, Palau National marine Sanctuary  (PNMS) Executive Director said that in closing Palau waters the PSMA will play an important role in enhancing Palau’s capabilities to combat IUU.

He said the agreement will require foreign vessels wishing to enter ports to request permission in advance, transmit detailed information on the identities, activities and the fish they have onboard.

As a result of the four day workshop an action plan and a national strategy will be formulated. The workshop is scheduled from Aug. 28 to September at the Palau International Coral Reef Center(PICRC).

With the national strategy, Sengebau said to ensure treaty is effective, partnerships

for global oceans governance are needed.

“We  must ensure that international cooperation and information exchange really

work to close ports to illegal fishing operations.

The workshop will also assist Palau increase capacity to implement Catch Documentation Schemes, which will enable fish to be tracked from source to shop. (By: B. Carreon) [/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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