Thu. Jun 20th, 2019

Visitors, part of the solutions: New bill

Bill requires tour, vessels, aircraft operators to educate 

tourists on Palau’s environmental policies

President Tommy Remengesau, Jr. introduced a bill to the National Congress that will require business establishments to educate visitors on the environmental policies of Palau.

The bill, also called as the Responsible Tourism Education Act of 2018, cited that tourists in Palau should be “part of the solution” in solving the environmental challenges faced by the country.

In his transmittal letter to the Senate dated August 7, 2018, Remengesau stated that Palau must meet its duty of educating tourists and urges visitors from around the world to help maintain the “pristine paradise.”

“…As more and more people come from all around the world to see our pristine paradise with their own eyes, we cannot relinquish our responsibility for these islands. We must meet our duty, at every opportunity, to educate visitors about how Palau has lasted in this uniquely untouched natural state for so long, and about how we can keep it this way,” Remengesau stated in the letter.

The bill seeks to amend Section 1009 of Chapter 10 of Title 13 of the Palau National Code that official stamp affixed on the passports of visitors shall include “an area for visitors to acknowledge the cultural and environmental protection policies of the Republic.”

A new section is also proposed to be added to the law to stipulate a condition in the entry permit of vessels or aircraft that would require them to assist the country in notifying the passengers about environmental protection, cultural preservation, and other policies through distribution of literature or playing a video, among others.

It also added another section that would require all tour operators to provide reusable alternatives to disposable plastic, polysteryne cups, water bottles and drinking straws when serving their customers.

The bill also prohibits the sale of reef-toxic sunscreen in Palau,

including the carrying of such by any persons travelling to the country beginning January 1, 2020. Reef-toxic sunscreen is identified by the bill as those skin care products that contain oxybenzone (BP3), octylmethoxycinnamate (EHMC), octocrylene (OC), 4-methyl-benzylidene camphor (4MBC), triclosan, methyl paraben, ethyl paraben, butyl paraben, benzyl paraben, or phenoxythanol, or other prohibited chemical ingredients. (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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