Great article! Thanks for posting the link. Just added the text below because I think it's a great read for investors. I would call BSP great value atm, with little interest. It's my favourite. It seems there is little resistance and could easily go up 50% from where we are.
THE Government may review the additional company taxmposed on the Bank of South Pacific Financial GroupLimited (BSP) "to encourage investment and growth",according to Prime Minister James Marape."I am looking at the BSP tax issue, he said.1 am having a holistic review of the entire tax structureand tax policiesOver the next three to four months, I will dive deep intcnoW taxes have been imposed so that we come up with afairer taxation regime"In my view, taxes should be fair so they don't killreinvestment and growth. We will find a fine balance onthe BSP tax issue." He said a "reasonable" tax could beimposed on the BSP in the first quarter of 2024 toencourage investment and growth, following an inquirynto the taxes imposed on the bankMarape was responding to BSP's concern about the impactof the K190 million additional company tax on its 2022profits, and the increase in PNG's commercial bank tax ratefrom 30 per cent to 45 per cent in 2023.Marape said the Government was committed to conductinga comprehensive review of the tax structure to reflect itsntention to create a fair and balanced taxation regimethat promoted economic growth and sustainability.
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$6.34 |
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Mkt cap ! $2.962B |
Open | High | Low | Value | Volume |
$6.34 | $6.34 | $6.34 | $76 | 12 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 316 | $6.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.34 | 208 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 316 | 6.300 |
2 | 321 | 6.200 |
2 | 842 | 6.100 |
1 | 164 | 6.090 |
1 | 15 | 6.070 |
Price($) | Vol. | No. |
---|---|---|
6.340 | 208 | 1 |
6.350 | 11981 | 2 |
6.400 | 5000 | 1 |
6.450 | 3110 | 1 |
6.470 | 2 | 1 |
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