Koror, Palau—On April 14, 2020, the Board of Trustees of the ROP Compact Trust Fund held a Board meeting via internet based application hosted by Investment Consultants Dan Roland and Jason Miyashita. A report from the consultants showed that as of March 31, 2020, the ROP COFA Trust Fund had a total market value of […]
Tag: Funding Assistance
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Taiwan delivers stimulus grant of $ 300,000,Plays major development role in Palau
Ambassador Wallace Chow of the ROC (Taiwan) presented a stimulus grant check of 300,000 US dollars to Minister of Finance Elbuchel Sadang on Friday, April 17. Aquaculture Project(AP) and Animal Production Project(APP) are funded in this action. AP aims to promote the aquaculture production of native species like rabbit fish while APP aims to improve […]
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$20 million private sector relief proposed,Funding support for FY 2021 pursued
A bill to authorize temporary relief measures to address the economic impact of COVID-19 pandemic on the private sector and the government of Palau was finally introduced in House of Delegates as SB 10-133-14 and adopted in its first reading on April 18, 2020. The bill, a culmination of the work by the Joint Leadership […]
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Palau government to include foreign workers in economic stimulus amid pandemic
The Palau government will assist thousands of foreign workers affected by the global lockdown. President Tommy Remengesau Jr. in a press conference on Wednesday said that the non-citizens in the country are an integral part of the economy and that they will continue access to healthcare, and jobs during the pandemic. “When it comes to […]
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Overtime and hazardous pay approved for frontline personnel retroactive to February 1st
An Executive Order approving and mandating Bureau of Public Service System (BPSS) to allow overtime and hazardous compensation for “exempt employees” and regular personnel responding to the Coronavirus Disease 2019 (COVID-19) pandemic. Exempt employees are those personnel that are not permanent employees under the Public Service System. The Executive Order states that due to COVID-19 […]
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Dolphins Pacific names 4-month old dolphin
Liz Howard, the General Manager of Dolphins Pacific, announced on April 1st that their 4-month old dolphin was given the name “Mekereos”. In an interview with Island Times, Liz mentioned that President Remengesau was given the task of naming the dolphin.“Mekereos” means “cherished” or “treasured”. Mekereos is currently under his mother’s care and hasn’t socialized […]