Thu. Jun 20th, 2019

PVA chair underscores the need to eliminate “nickel-and-diming” reputation

Palau Visitors Authority (PVA) Chairman of the Board Ngiraibelas Tmetuchl had named several challenges in the promotion of Palau’s tourism and one of these is the need to eliminate the “nickel-and-diming reputation.”

Speaking before the senate as a guest during the first session of the year, Tmetuchl said that the PVA is faced with a challenge of negotiating with the 17 governments.

“We have 16 states with different laws governing tourist activities. We need to work to have a centralized mechanism that regulates all tourist activities and fee collection. This will eliminate a ‘nickel-and-diming’ reputation,” Tmetuchl said during the senate session on January 8 at the Senate Chamber of the National Capitol.

Tmetuchl also pinpointed several other challenges such as the cost of Palau as a destination compared to others. He said that because of Palau’s cost, there is a need to put more financial resources to reach the target market.

PVA’s annual budget of $1.4-Million pales in comparison to Guam Visitors Bureau’s (GVB) $3-Million investment in the Japan market alone, Tmetuchl revealed.

He also emphasized the need to fund permanent day and night market space to give tourists things to spend money on.

Among the other recommendations he presented are investing in “Complete Streets” project to provide everyone, be it locals or visitors, shaded and safe sidewalks, subsidizing public land and water transportation to and from Babeldaob sites, Peleliu, Angaur, Kayangel, and the Southwest Islands, legislating a national tour guide certification program, legislating culinary arts scholarship to promote local flavors, and investing in digital platforms to promote tourism. (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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