Palau’s foreign investment reform act signed into law

BY BERNADETTE H. CARREON

Palau Correspondent

KOROR, Palau — President Thomas E. Remengesau Jr. signed into law on Nov. 30 a bill with several amendments to the Foreign Investment Act. Remengesau called it a “historical improvement” to the long overdue reform of Palau’s foreign investment laws.

Remengesau said the final version of the bill, which went through two presidential drafts, addressed the common criticism of the Foreign Investment Board as toothless when it comes to protecting the business interests of Palauans.

The president said the reformed act gives the agency the power to conduct investigations and enforce its . . .

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