Ambassador Wallace M.G. Chow of the ROC (Taiwan) presented one stimulus grant check of 446,500 US dollars to Minister of Finance Elbuchel Sadang on Friday, March 27. Eight funded projects in this action are Airai Recreational Park Development Project, Ngaraard Kuabs Recreational Park Development Project, Ngaraard Ngerchokl Visitor Attraction Site Development Project, Ngatpang Koksai-Nekken Road […]
Tag: Ministry of Finance
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PVA asks gov’t to consider tax breaks for businesses
Palau Visitors Authority (PVA) recommended a proposed measure that will provide a tax break for hotels and businesses amid the ongoing global COVID-19 crisis. In a letter to Finance Minister Elbuchel Sadang on March 26, PVA Managing Director Stephanie Nakamura said the agency is recommending several measures to enable the tourism industry- hurting from the pandemic, […]
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$5 million low interest loan for women & youth entrepreneurs approved
Minister of Finance Elbuchel Sadang signed the loan agreement with the government of Taiwan on March 30th for the $5 million-dollar soft loan targeted at women and youth for entrepreneurship finance. President Remengesau Jr. expressed Palau’s appreciation to Taiwan saying that it was “a timely” support. Olbiil Era Kelulau had recently given its approval to […]
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Taiwan delivers stimulus grant of $3.2M
Ambassador Wallace M.G. Chow of the ROC (Taiwan) presented one stimulus grant check of 3,210,000 US dollars to Minister of Finance Elbuchel Sadang on Tuesday, March 24. Ten funded projects in this action are CCTV Surveillance System PH I, Babeldaob Intrastate Road, Capital Standby Gen. Switchgear, Airai Ked-Ordomel Road Improvements, Ngardmau State Office, Ngiwal Imekang […]
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Taiwan delivers stimulus grant of $2,275,000
Ambassador Wallace M.G. Chow of the ROC (Taiwan) to Palau presented one stimulus grant check of 2,275,000 US dollars to Minister of Finance Elbuchel Sadang on Friday, March 20 at the Embassy. Three funded projects in this action are “One-Stop Shop” Phase II, Belau National Hospital Information System and Capital Conference Center. Taiwan Government is […]
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Taiwan delivers stimulus grant of a quarter million
March 18, 2020 (Koror, Palau) Ambassador Wallace M.G. Chow of the ROC (Taiwan) to Palau presented one stimulus grant check of 255,000 US dollars to Minister of Finance Elbuchel Sadang on Wednesday, March 18 at the Embassy. Two funded projects in this action are Koror Meyuns Softball Field Lighting Upgrade Project and Ngarchelong Ngerbau Recreational […]