The debate of whether to bring back stranded Palauan students and citizens abroad may have reached a turning point last week, with Palau congress requesting detail costs of bringing back stranded citizens in order to ensure that “stranded students and citizens are adequately cared for.” The initial plan to bring back stranded students and citizens […]
Tag: Finance
Posted inTop Stories
Republic’s new Finance system go live
April 1st, 2020, Republic of Palau’s new finance and accounting system went live using Tyler Technologies’ Munis, an Enterprise Resource Planning (ERP) solution. The new system replaced Palau’s 20-year old legacy system which had limited software functionality, integration and data extraction capabilities. The new system incorporated the use of scanned images, workflow approval, flexibility, and […]
Posted inTop Stories
FIC assures stability of Palau banks
In the wake of coronavirus pandemic getting closer to Palau shores, the Financial Institutions Commission (FIC) assures everyone that Palau’s banking system is stable in a press release issued yesterday. “The current condition of our banking system is stable,” states the public statement issued by FIC’s Executive Commission Semdiu Decherong. “All licensed banks are operating […]
Posted inOpinion
Climate finance: failing to serve the most vulnerable?
DHAKA, 24 FEBRUARY 2020 (CLIMATE HOME)—Climate finance is one of the building blocks of negotiations at the United Nations Framework Convention on Climate Change (UNFCCC) – money both from public and private sources to help reduce emissions and increase resilience against the negative impacts of climate change. UNFCCC, the Kyoto Protocol and the Paris Agreement […]
Posted inBillboard
Taiwan donated $200,000 for the Funding of MCSF
On August 15, 2019, Ambassador Wallace M.G. Chow of the ROC (Taiwan) handed over a check of $200,000 for the funding of Micronesia Center for Sustainable Future (MCSF), to Minister of Finance Elbuchel Sadang. The Government of Taiwan is the main donor of the MCSF, now changed to Micronesia Islands Forum Secretariat (MIFS). From 2015 […]