City Pharmacy Ltd (CPL)

CPL first recipient of government support

The first instalment to kick-start the wage support program was disbursed yesterday.

 “This program aims to bolster affected businesses and safeguard jobs in the aftermath of the looting and property destruction that occurred in Port Moresby on Wednesday, January 10th , 2024. CPL, a prominent player in PNG’s retail sector, is the first recipient of financial assistance under the employee wages support program.”

CPL outlets nationwide close

These includes Stop & Shop, as well as City Pharmacy and Hardware Haus shops across the country.

CPL PNG chief executive officer, Navin Raju expressing the gravity of the situation via social media stated: "It has been an absolutely distressing and devastating day experienced by CPL Group and Stop and Shop supermarkets in Port Moresby. Other businesses have suffered the same fate, resulting in significant losses for all the involved business houses."