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In January 1995, Chen Ding-nan, president of the Asia-Pacific section of the Kuomintang’s (KMT's) Central Investment Holdings Company, visited Palau. By August 1995, Chen had made an agreement with Palauan politician Alan Seid to build the Palasia Hotel. [3] Taiwan held 80 percent ownership and Palau held 20 percent.
Ngiratkel Etpison founded the NECO group of companies in 1945. He started by using a Japanese scrapped generator to make ice candy, later becoming one of the prominent businessmen of Palau. He started the first tourist and sightseeing business in the 1970s, and in 1984 opened Palau Pacific Resort, Palau's most luxurious beach resort. [1]
Palau Royal Resort, formerly known as Hotel Nikko Palau, is a 5-star hotel in Palau. It is operated by Nikko Hotels. [1] It is one of the oldest hotels in Palau. [2]
Palau, [a] officially the Republic of Palau, [b] [8] is an island country in the Micronesia subregion of Oceania in the western Pacific Ocean. The Republic of Palau consists of approximately 340 islands and is the western part of the Caroline Islands , while the eastern and central parts make up the Federated States of Micronesia .
Koror is the main tourist destination in Palau and has many resorts, nightclubs, restaurants, and hotels. The government is also a large employer in the city. Tuna export and copra production are two other economic activities of the city.
The United States will resume a long-suspended Peace Corps program in the North Pacific island of Palau as the Biden administration continues moves to counter growing Chinese influence in the region.
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