Thu. Jun 20th, 2019

Sonsorol State Islands Hit Hard by Strong Winds and High Surf


This past Tuesday residents of Sonsorol State reported they were being overcome by strong southwesterly winds, smothered by heavy rains and crushed by raging high surfs.

On Thursday, islanders reported severe damage as follows: [restrict]

  • Sonsorol Island – 9 out of 13 residential homes had roof damage; one house approximately 50 meters from the shore was inundated by high surf and the family was forced to evacuate their home; 3 homes lost their kitchen house; one house lost its solar panels when the strong winds crushed them to the ground.
  • Pulo Anna Island – 3 out of 10 homes had roof damage.
  • Merir Island – 2 out 3 homes had part of their roofs dislodged.
  • Fanna Island – high surf washed out under the house that was approximately 100 yards inland; hundreds and hundreds of bird nests were blown out of trees and others inundated and swept away by the raging high surf. Fanna is an internationally recognized Important Bird Area (IBA).

Fortunately there were no human casualties. However, all the islands experienced raging high surf. Estimated 50 yards of shorelines were washed out; clearing out all shoreline trees and vegetation on the western side of the four islands. The strong winds felled more than 50 percent of banana crops and papaya trees. These are important daily diet crops for the island residents.

These were reported by radio to the Sonsorol State Office located in Koror. The true extent of damage needs to be assessed. The islands are so remote a ship or a helicopter would be the only means to do an immediate assessment. Sonsorol State Government is seeking help from the National Government for damage assessment and for assistance to the island residents. [/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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