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Palau, US safety ally in Pacific, holds election By Reuters

by Index Investing News
November 4, 2024
in Stocks
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SYDNEY (Reuters) – The Pacific Islands nation of Palau, essential to the U.S. navy amid tensions with China, and amongst a dozen allies of Taiwan, holds a nationwide election for president on Tuesday.

President Surangel Whipps Jr is contesting the submit towards his brother-in-law, former president Tommy Remengesau, who stood at visitors intersections on Monday immediately interesting to drivers for assist.

Voters may even elect 13 members of the nationwide senate.

Palau this 12 months renewed a Compact of Free Affiliation with Washington, in a deal that can see it obtain $890 million in financial help over 20 years in return for permitting continued U.S. navy entry to its maritime zone, air area and land.

Palau’s inhabitants of 18,000 is unfold throughout an archipelago that sits between the Philippines and the U.S. navy base on Guam. The U.S. navy is establishing an over-the-horizon radar on Palau, scheduled to be accomplished in 2026.

Palau is one in every of solely 12 nations which have diplomatic ties with Taiwan, and Whipps has mentioned China’s transfer to bar vacationer teams from travelling to Palau, and a cyber assault in March, are examples of strain from Beijing to change ties.

To counter the autumn in Chinese language vacationer arrivals, Palau has opened direct flights to Japan and Australia, with assist from these governments.

Tax reform has emerged as an election subject, with Remengesau’s marketing campaign arguing large enterprise will not be paying sufficient, and pledging tax incentives for small enterprise.

The Palau Media Council, in an announcement on Saturday, mentioned it was involved by a lawsuit filed towards the Island Instances newspaper by Surangel and Sons Co, a retail and development firm owned by Whipps’ father, after the newspaper reported allegations circulated on social media in regards to the firm’s tax funds.

The defamation lawsuit alleges the newspaper didn’t confirm the social media claims, which have been false, and designed to sway voters, the president’s father mentioned in a number of statements.

Whipps’ request for the U.S. to put in a everlasting Patriot missile defend has stalled, after Palau’s Senate handed a decision rejecting it.

In the course of the election marketing campaign, Remengesau mentioned that Palau must “make sure that overseas influences don’t overshadow our id or compromise our independence”.

His marketing campaign didn’t reply to questions on which overseas affect he was referring to.





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