Dede Sophie

The recent announcement by the Papua New Guinea (PNG) government to increase corporate tax for commercial banks to 45% has drawn criticism from the country’s financial sector. Ronesh Dayal, the acting CEO of Bank South Pacific (BSP), warned that the tax increase would penalize growth in the financial sector. Dayal explained that the tax rate only applies to commercial banks, while all other companies in the country will still maintain a 30% tax rate. He urged the government to promote a stable taxation and regulatory regime to encourage investment in the country by local and international companies. Kina Bank’s CEO, Greg Pawson, echoed Dayal’s sentiments, stating that the tax increase was disappointing, as it targets a sector of the market that is critical for supporting PNG’s economic growth aspirations. Pawson expressed concern that the tax increase would impact the ability of challenger brands in PNG to continue an aggressive and inclusive growth agenda. He al...

If you are traveling to Russia, one thing you will notice is the abundance of museums. Major cities like St. Petersburg and Moscow are full of museums, both big and small. And to visit every museum in the city would take up your entire trip. However, we’ve got it covered for you! In this article, we have listed some of the museums you need to visit while in Russia. Note that you should have a proper Russian travel visa to tour across the country. Here are some of the museums that you should pay a visit while in Russia: 1. The Hermitage Museum The Hermitage is a renowned museum located in St. Petersburg, Russia. If you are into art and culture, this is a museum you shouldn’t miss out on. You will be amazed by the exhibitions that take you back to imperial Russia. The place is magnificent and is often considered the largest museum for art. The museum has a vast collection varying from prehistoric art to Russian art. It’s worth every minute, and you probably get to brush up on...