Thu. Jun 20th, 2019

Seven incidents recorded on Independence Day

The Bureau of Public Safety (BPS) recorded a total of seven incidents ranging from road mishaps and assault to theft while the entire Palau was caught in the fever of celebrating the Independence day on October 1.

The series of incidents started as early as 10am when a man reported to the police that his car was allegedly stolen by unidentified boys at SLC.

At around 8:50pm, a victim (name not identified in the report) informed the police that he had been hit by a car at the secondary road in Malakal and that the suspect immediately fled from the scene after the incident.

Another hit and run incident was also reported at around 9pm in the Compact road in Ngatpang-Koksai Intersection. A few minutes after, the police responded to BH Store in Topside after receiving a call that two alleged drunk men identified as Mike Idesmang, 44, and Justino Sbal,58, were allegedly bothering customers at the store. The two men were cited by the police for disorderly conduct.

At midnight, police also received another report that a man identified as Oliver Erbil Oyama was allegedly causing disturbance at a residence in Ngerkebesang.

Police also responded to a scene at Ernguul Park where Lieb Decherong, 37, was reported for alleged reckless driving and property damage and drunk driving.

A man, identified as Omar Remeliik, 24, was also arrested at the Ice Box Park at around 2am after the police received a report that the suspect engaged in a fight with his partner. The suspect was confined for alleged assault and disorderly conduct.

All the cases are still pending investigation by the authorities. (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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