Palau’s 2023 Budget law passed
Palau budget FY 2023 was signed into law on September 22 at the Ngerulmud Capital rotunda after a brief signing ceremony. Senate and House of Delegates worked round the clock to get it ironed out in time for President
Palau
Palau to launch stablecoin in October
Setting a digital currency trend in the region, Palau is slated to launch a dry run of its stablecoin in October, according to Kaleb Udui Jr., the country’s finance minister. “Initially, we are starting a very small
Washington and Australia should focus on climate change, says Pacific leaders
Washington should accept Pacific Island priorities for the region, making climate change – not superpower competition – the most urgent security task, the region’s leaders said in Hawaii, ahead of a
Crypto ‘an unstable financial asset’ says UNCTAD
Cryptocurrency is an “unstable financial asset that can bring social risks and costs”, the UN Conference on Trade and Development (UNCTAD) warned in three policy briefs on Wednesday. UNCTAD said their benefits to
Palau’s microplastic crisis, study shows
A new study conducted by marine scientists found plastic waste has polluted islands, reefs and beaches of the island nation of Palau. Researchers from the Palau International Coral Reef Center (PICRC) and the Center
Palau’s new tax law to cause ‘substantial impact’: Kyota
The Palau Public Utilities Corporation (PPUC) has expressed concerns on the country’s new tax law on goods and services. PPUC says the Palau Goods and Services Tax (PGST), going into effect on January 1, 2023,
Palau Congress paves way for Blue Prosperity funding
Members of the Olbiil Era Keluau Monday adopted amendments to the supplemental budget to pave way for the Blue Prosperity funding assistance, while Palau Congress gave approval to the marine spatial planning. The new
Oceans emergency declared
Updates from the UN Oceans conference The United Nations Secretary General has declared an “ocean emergency” at the 2022 UN Oceans Conference co-hosted by Portugal and Kenya in Lisbon. Addressing delegates attending
Binance wants to make the “Palauan Dream” come true
Palau is hoping its new partnership with the world’s biggest cryptocurrency exchange company Binance will create the “Palauan Dream” to help curb the brain drain among its young people. Binance
Second submarine fibre optic cable laid in Palau
Belau Submarine Cable Corporation (BSCC) celebrated the next segment of the second submarine cable project laying from Ngardmau State port in Palau this week. The Strider, a specialised cable-laying vessel, started the
Palau’s Ngchesar State endorses oil refinery plant
Palau’s Ngchesar State Government recently endorsed a proposal to build a deep-water petroleum refinery plant and port in Ngchesar State. The presentation by Belau LLC to the House of Delegates in
U.S seeks to hasten Compact negotiations with Palau
The United States has expressed keen interest in expediting Compact negotiations with Palau, reported Palau President Surangel Whipps Jr after his visit to Washington DC earlier this month. President Whipps met with
Japan reaffirms Pacific regional support
Japan, Fiji and Palau share the same concerns over a security pact China recently signed with the Solomon Islands, Foreign Minister Yoshimasa Hayashi said Sunday as he wrapped up a trip to the two Pacific island
Palau’s controversial plan to take climate justice into its own hands
Palau’s waters contain some of the world’s richest marine biodiversity. Critically endangered hawksbill turtles and endangered Napoleon wrasse, which can grow up to six feet long and are known for the distinctive
FSM files continental shelf claim
The Federated States of Micronesia (FSM) has filed with the United Nations Commission on the Limits of the Continental Shelf a claim of an extended continental shelf covering a high-sea area of approximately 188,000
Our Ocean Conference in Palau ends on high note
Palau President Surangel Whipps Jr has announced that 410 commitments were made at the ocean conference with the value of US$16.35
Concerns raised as Vanuatu, Palau explore crypto projects
The recent greenlighting of cryptocurrency projects in Vanuatu and Palau have raised concerns over the lack of an advisory body in the
Palau digital residency programme off to a slow start
The response to Palau’s digital residency programme has been much slower than expected. So far, 800 people have signed up since the programme went online in January. Although well below the target, that number is
Palau President seeks $100k for fintech projects
Palau President Surangel Whipps Jr requests US$100,000 for financial technology projects including the Digital Residency
The cost of politics
is again under the spotlight as Papua New Guinea, Fiji, Australia, Wallis and Futuna and American-affiliated Pacific states and territories are all expected to hold elections this
Palau to host Our Ocean Conference next month
Palau President Surangel Whipps Jr said that Our Ocean Conference next month will be an opportunity for the Pacific region to highlight the role of Pacific Islanders as stewards of the oceans. In a virtual Our Ocean
Palau: Women in the house
By Sera Tikotikovatu-Sefeti Palau, much like other Pacific islands, is rich in tradition and culture, and its legal system is a blend of United States common law and indigenous customary law, which has constitutional
Pacific Islands Forum solidarity may survive yet
There has been a reprieve for Pacific regionalism and the unity of the Pacific Islands Forum. And U.S. Secretary of States, Antony Blinken who is currently in Fiji, has welcomed the decision of the Forum’s