Chamber warns on Tisa bank move

THE Papua New Guinea Chamber of Commerce and Industry has welcomed the move by the Teachers Savings and Loans Society to operate as a commercial bank – but has also issued a warning.

Chamber warns on Tisa bank move Chamber warns on Tisa bank move Chamber warns on Tisa bank move Chamber warns on Tisa bank move Chamber warns on Tisa bank move

Ian Tarutia

Chamber president Ian Tarutia said there could be challenges, highlighting the recent government decision to tax banks at 45% and repealing the former dominant market levy of K190 million.
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