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UN Ambassador says attracting foreign investors for solar power project a challenge for SIDs

Palau’s Permanent Representative to the United Nation Ambassador Ngedikes Olai Uludong during her speech at the United Nation General Assembly high level meeting on March 28. Palau’s United Nation Ambassador Ngedikes Olai Uludong said in her speech during the United Nation General Assembly high level meeting on March 28 that attracting foreign investors for the […]

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FIC imposes moratorium on crypto operations in Palau

Representation Image The Financial Institution Commission (FIC) has stepped in to clamp down against cryptocurrency start-ups using Palau’s name to gain investors by imposing a moratorium against any new applicant who wishes to engage in financial activities involving virtual assets and currency. In a resolution adopted on March 19, the governing board of FIC said […]

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