PALSONIC CONFIRM SUCCESSFUL TRANSITION FROM BRICKS AND MORTAR SELLING OF ELECTRONICS TO ONLINE RETAILING
Family-owned group Palsonic confirmed to Sennza Media that they had now successfully repositioned their operation to an online electronics retailer to Australia
SYDNEY, NSW, AUSTRALIA, March 17, 2025 / EINPresswire.com / -- Palsonic Group brought the first black and white TV to Australia, then they brought the first ever colour TV under their brand name Princess. In 2025, they have now transitioned from bricks and mortar retailing. The management have continued to embrace innovation by selling the best value TV's to Australian households online via their website.
In true family tradition, they have followed the way consumers are now buying via the world wide web by repositioning their business to sell online and in doing so offer the best prices possible.
The company has been uniting families with top-quality and innovative electronics for over 40 years. The group started with sewing machines, then quickly expanded into televisions, audio equipment, and home appliances. Today, Palsonic is recognised as Australia's best value electronics brand, known for reliable, high-quality products designed for Australian homes.
Nihal Gupta, Managing Director and CEO of Palsonic said this when interviewed by Sennza Media, 'Consumers are now wanting to buy from the convenience and comfort of their home or office and at the same time get great value by buying direct. Sales from Palsonic's latest TV offers have confirmed the move to sell online is clearly being welcomed and snapped up by consumers across Australia.'
Palsonic value quality, reliability, and customer satisfaction. They source their products from trusted manufacturers in Southeast Asia and rigorously test them for Australian conditions. Their commitment to delivering exceptional value and caring for customers' needs has been the cornerstone of their success for over 40 years. They are proud to have sold more than 10 million products into Australian households, a marketplace were reliability matters.
Palsonic's mission is to be Australia's leading value electronics company, offering Australian households innovative and reliable electronic products that enhance everyday life. They are dedicated to maintaining the trust of their customers by consistently delivering best value, affordable, high-quality electronics, ensuring Palsonic remains a trusted name in Australian households and will do so for decades to come.
About Palsonic
Palsonic is proudly Australian family owned and has been selling top-quality and innovative electronics to Australian families for over 40 years. The electronics group starting with sewing machines, then quickly expanded into televisions, audio equipment, and home appliances. Today, Palsonic is recognised as Australia's best value electronics brand, known for reliable, high-quality products designed for Australian homes.
Tony Adams
Palsonic Group
Facebook
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
Australia's Afterpay says some BNPL users told to close accounts, then sold credit cards
By Byron Kaye SYDNEY (Reuters) -Some customers of Australia's Afterpay have been asked to close buy-now-pay-later accounts to qualify for a mortgage and offered a credit card upon qualification, the BNPL provider said on Tuesday, underscoring fierce competition in the consumer finance sub-sectors. BNPL loans, on-the-spot interest-free short-term loans with minimal credit checks, exploded as an alternative for younger shoppers after the COVID-19 lockdowns and stimulus payments spurred an online shopping frenzy. Customers are incentivised to pay on time by the promise of maintaining or increasing their borrowing limit. In a survey of 1,000 of its customers, Afterpay said more than 10% reported being offered a credit card by the same bank or mortgage broker that told them to close their BNPL account to qualify for a loan, without specifying which banks or brokers. Owned by U.S. tech billionaire Jack Dorsey's Block, Afterpay leads Australia's BNPL market with more than 3.5 million active monthly users, half the country's total BNPL accounts, according to government figures. Lenders are required by law to make reasonable inquiries about an applicant's finances but may not give financial advice. Spokespeople for Commonwealth Bank of Australia, the biggest lender, and No.3 lender National Australia Bank told Reuters that they did not tell applicants to close their BNPL accounts. A spokesperson for No.4 lender ANZ said the bank assessed BNPL liabilities alongside a person's other finances and "depending on the customer's overall financial position, goals, and objectives, they may choose to restructure or close certain debts – such as BNPL accounts – to support their application". TO RISK OR NOT TO RISK Afterpay claimed banks were capitalising on a perception of BNPL users as riskier than traditional borrowers to protect a declining lending category. Australian interest-accruing credit card debt is down 30% in half a decade as borrowers seek cheaper options. The company added that its survey found BNPL users had credit scores and on-time repayment records broadly in line with credit card users. The BNPL model has avoided regulation under Australian consumer credit laws so far as it doesn't involve interest. However, "if it looks and acts like credit, then it should be regulated as such," the Australian government had said last year. New legislation requiring BNPL firms to run credit checks on borrowers kicks in on Tuesday, which, Afterpay's Head of Public Policy Michael Saadat hopes, would improve transparency around user creditworthiness. The main reason Afterpay customers close their accounts is because their lender or broker told them to, and "this should not be something that is driven by misperception of the regulatory requirements," Saadat told Reuters in an interview. According to mortgage broker AFG, one in 10 Australian mortgages are arranged by brokers. Mark Hewitt, general manager of industry and partnerships at AFG, said the company does not distribute credit cards but responsible lending rules require it to "ensure adequate enquiry is made around an applicant's ability to meet their financial commitments".
Yahoo
32 minutes ago
- Yahoo
Australia regulator trials faster IPO process as listings hit decade low
By Christine Chen and Scott Murdoch SYDNEY (Reuters) -Australia's securities regulator said on Tuesday it would trial changes to speed up initial public offerings that are at a decade low by implementing recommendations from earlier reviews and allowing faster access for retail investors. The Australian Securities and Investments Commission (ASIC) said the changes could shave as much as one week off the typical 20-week IPO process and reduce deal execution risk. The trial will begin on Tuesday and last for two years, the regulator said. "Creating a more streamlined IPO process underscores our commitment to ensuring our public markets remain attractive to companies and investors," ASIC Chairman Joe Longo said in a statement. Longo said the funds raised through IPOs were at the lowest level in more than a decade, with only A$4.2 billion ($2.74 billion) raised last year compared to A$22.9 billion in 2014. ASIC's new measures come just days after Virgin Australia launched a closely watched A$685 million IPO that attracted strong investor demand. ASIC said the changes applied to companies seeking to list on the Australian Securities Exchange (ASX) through "fast-track" status, with a projected market capitalisation above A$100 million and no ASX-imposed escrow. Most Australian IPOs are carried out through a front-end book-building process, which means the price is set and investor bids are taken ahead of the prospectus being reviewed and approved by Australian regulators. ASIC and the ASX have been under pressure to speed up the IPO vetting process, to reduce the time investors are exposed to market fluctuations while a prospectus is under review. Under the planned changes, companies would be able to submit a confidential prospectus or product disclosure statement at least 14 days before formal lodgement for ASIC review. ASIC said it would also adopt a "no action" position allowing eligible companies to begin accepting retail investor applications during the standard seven-day exposure period. Typically, retail investor orders are taken after the prospectus becomes public following the regulator's reviews. The trial was also a part of a broader review of regulatory settings around IPOs, ASIC said. "While we do not see regulatory settings as the silver bullet, we have received lots of ideas and are considering further regulatory adjustments to support a strong and well-functioning market," Longo said. ($1 = 1.5354 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
TAG Oil Sells its Australian Royalty Interests
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to announce that it has closed the sale of its Australian royalty interests (3.0% gross overriding royalty on future potential of production revenue from exploration permits PL 17, ATP 2037 and ATP 2038) to Cypress Petroleum Pty Ltd., a subsidiary of Omega Oil and Gas Limited (the "Transaction"). Under the terms of the definitive agreement dated June 6, 2025, the Company received a cash payment of US$1,000,000. The Transaction is arm's length and there was no finder fee payable. Abby Badwi, TAG Oil's Executive Chairman and CEO, commented, "The divestment of the Australian royalty interests is a strategic move to continue to enhance our financial flexibility and bolster our balance sheet. This transaction enables us to allocate additional capital toward our core business operations in Egypt." About TAG Oil Ltd. TAG Oil ( is a Canadian based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa. For further information: Abdel (Abby) Badwi, Executive Chairman and CEO Email: info@ Website: Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the Company's plans relating to advancing core business operations. TAG Oil provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
