By: L.N. Reklai Koror, Palau — President Surangel Whipps Jr. has received the United States’ $20 million grant for Palau’s struggling Civil Service Pension Plan, but the funds come with a key condition: Palau must enact pension reform within one year. President Surangel Whipps Jr. received $20 million grant that was pledged by the United […]
Tag: investment
Posted inTop Stories
Bill Seeks to Separate Health Care Fund from Social Security
By: L.N. Reklai KOROR, Palau (Island Times) — A new legislative proposal aims to separate the Palau Health Care Fund (HCF) from the Social Security Administration (SSA), a move lawmakers say will modernize the nation’s health financing system and improve financial accountability. Senate Bill No. 12-40 seeks to amend Chapter 9, Title 41 of the […]
Posted inTop Stories
Reforms to elite resident visa eyed
By: Bernadette Carreon Palau’s legislature is considering changes to its elite resident visa program to attract more foreign investment and residents. A proposed bill, Senate Bill No. 12-41 would allow foreign nationals with elite visas to lease homes from non-citizen developers, not just Palauan citizens. Currently, elite visa holders can only rent from Palauans or […]
Posted inBillboard
APAFS joins the UN PRI as a “Network Supporter,” for advancing the inclusion of responsible investment in investment processes
Hagatna, Guam – Asia Pacific Association for Fiduciary Studies (APAFS) has joined the United Nations Principles for Responsible Investment (UN PRI) organization as a “Network Supporter”. Network Supporters are non-profit peer organizations that perform an important role in raising awareness of responsible investment within the investment community and that support the inclusion of responsible investment […]
Posted inPacific News
President Panuelo Discusses Compact Impact, Foreign Investment, & Regional Tourism with the Honorable Lou Leon Guerrero, Governor of Guam
PALIKIR, Pohnpei—On January 14th 2020 His Excellency David W. Panuelo, President of the Federated States of Micronesia (FSM), received the Honorable Lou Leon Guerrero, Governor of the U.S. Territory of Guam, in a courtesy call. The Governor was visiting the FSM to attend the Joint Inauguration of the FSM State of Pohnpei’s Leadership, and for […]
Posted inPacific News
China leading investor in PNG, Australia drops to second spot
PORT MORESBY, 12 DECEMBER 2019 (THE NATIONAL) — China is the leading investor in the country, followed closely by Australia, Malaysia, the Philippines and Singapore, according to the Investment Promotion Authority (IPA). Managing director Clarence Hoot told the Start-Up PNG convention in Port Moresby on Tuesday that Australia used to be the leading investor in […]