In his remarks during the presidential forum on Thursday, Toribiong noted a decrease in the number of business licenses issued this year.
Tourism arrivals for April went down by 20 percent compared to the same period last year, he added.Palau is facing a shortfall of $4 million in local revenue collections, he said.According to the president, “These indicators must be addressed.”He reiterated his support for a free market that promotes sales activities and encourages foreign investments.The president’s forum at the Ngarachamayong Cultural Center in Koror discussed Palau’s medium-term development strategy and drew the participation of other Palau leaders and members of the community.“I want to hear what everybody wants to say,” Toribiong said.
