President Remengesau Jr. referred back to Olbiil Era Kelulau (OEK), Wednesday a proposed measure that will exempt foreign fishing fleets using Palau as a transshipment port for fish caught outside of Palau waters from export tax. Remengesau urged the OEK to re-think the “unintended consequences” of Senate Bill 10-174, SD2, PD1. The bill removed the […]
Tag: Olbiil Era Kelulau
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Loan repayment for post-graduate students pass OEK
A bill mandating Palau National Scholarship Board (PNSB) to establish student loan repayment programs through regulation have passed both houses of the Obliil Era Kelulau as rider on the reef fish ban measure. The bill will either be signed into law by the President or referred back for further amendments. The findings in the bill […]
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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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Full ban on reef fish export passed OEK
A bill passed both houses of OEK this week to ban the export of any reef fish or marine resources that primarily inhabit reef areas, territorial sea or internal waters of Palau. This ban extends to sending any marine species out of Palau, whether for personal or commercial purposes. In other words, no more coolers […]
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Supplement budget referred back, $6 million to offset local revenue shortfall included
The supplemental budget is being referred back to Olbiil er Kelulau (OEK) with a couple of amendments that President Remengesau said in his referral letter are “small technical and organizational changes to better conform” to existing laws. Within PD1 version of the bill, it amends the language of the General Reserve Fund to allow for […]
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Congress OK’s additional funding for coronavirus preventive measure
The supplemental budget that includes injecting more money to the Ministry of Health (MOH) to deal with the impacts of the coronavirus is on its way to President Remengesau after the House of Delegates agreed to follow the Senate version of the legislation. Senate and House of Delegates yesterday held a conference committee ironing out the differences between each […]