Palau International Trading Inc., a foreign fishing company that used to fish in Palau waters before the PNMS closure, is transporting its’ fishermen through Palau to the Republic of the Marshall Islands where they have an active fishing operation, according to Jackson Ngiraingas, a private entrepreneur who is looking to open his own fishing company. […]
Tag: PITI
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PITI suspends fishing in Palau, blames PNMS for exit
Palau International Traders Corporation (PITI), which has been operating in Palau for years is blaming the newly implemented Palau National Marine Sanctuary (PNMS) for forcing the company to temporarily suspend its fishing activities and lay off workers. In a press statement PITI said that the PNMS has reduced the size of the area where they […]
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Long established fishing company in Palau urges delay of PNMS implementation
A fishing company which has been operating in Palau for years is backing one of the proposed bill calling for a delay in the implementation of the Palau National Marine Sanctuary(PNMS), citing that the law is sending a message to foreign investors that their investments “are not safe here.” Palau International Traders Incorporated (PITI) in […]