Yesterday, President Remengesau announced that Palau will charter United Airlines flight on May 21st to bring in stranded Palauan citizens in Guam. The flight is said to bring back Palauans, students and other citizens, that have travelled out of Palau and got stranded due to COVID-19 restrictions. Report also said that citizens of other countries […]
Tag: Olbiil Era Kelulau
Posted inTop Stories
Bill to exempt foreign fishing fleets from export tax referred back to OEK
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 […]
Posted inTop Stories
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 […]
Posted inTop Stories
$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 […]
Posted inTop Stories
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 […]
Posted inTop Stories
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 […]