KOROR, 09 JANUARY 2017 (PACIFIC NOTE) — Palau’s economy is forecasted to grow by 2 percent in 2016 and 5 percent in 2017, according to the Asian Development Bank (ADB). The island nation, which has a population of around 20,000, has benefited from its strong tourism growth compared to other nations in the North Pacific. […]
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Palau awarded $800,000 grant from Italy to increase resilience to extreme drought events
Earlier this month, Palau’s Ambassador to the United Nations (UN), Ambassador Caleb Otto informed Minister of State, Billy Kuartei of the great news from New York and delivered special message from Italy’s Ambassador to the UN, Ambassador Sebastian Cardi. [restrict] Ambassador Cardi informed Minister Kuartei that Palau will receive an $800,000 grant from the government […]
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PRR upholds corporate social responsibility
Palau Royal Resort (PRR) has been a long time Corporate Partner for Conservation (CPC) with Palau Conservation Society (PCS). Last year marked their 7th year of partnership. On Dec. 20, 2016, PCS’s Chairman Dr. Minoru Ueki received the last monthly contribution check of $300 from PRR’s General Manager Mr. Mike Kawaguchi. In 2015, PRR pledged […]
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PPR continues to invest in Palau’s research center
On December 30, 2016, Mr. Naoyuki Maedani, General Manager of Palau Pacific Resort presented $5,000, to Palau’s only research center and aquarium, Palau International Coral Reef Center (PICRC). The donation was made in support of PICRC’s 16th Anniversary Fundraising Gala that will be held at in two weeks, on January 18, 2017 at the Center’s […]
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Annual Pacific Bluefin Tuna Auction Continues Despite Species’ Dire Status
Traditional sale in Japanese market to be held amid calls for stronger protections for this highly depleted stock At the beginning of each year, the legendary Tsukiji fish market in Tokyo hosts an increasingly sad spectacle: the first auction of the season for one of the last remaining Pacific bluefin tunas. [restrict] In previous years, […]
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Climate change could increase number of cyclones during El Nino years
(Australia, Reuters) -A new study suggests that Pacific islands could be experiencing more cyclones during El Nino years towards the end of the century, according to a new study. The study suggests that during periods of El Nino, where the surface temperature of the Pacific ocean warms, the number of cyclones could increase by up […]