minimize the risk regarding the Company’s management and to reinforce the confidence that the management is carried out by professionals in order to achieve its goals, the Company must hire Synergy Strategic

household purchasing power remained weak. Despite improvements of both farm and nonfarm income, households’ purchasing power is compressed by the high debt burden and the waning confidence regarding

has become more stable; although some small degree of operational uncertainties still remain and are dependent on the overall consumer confidence, the Government’s economic stimulus to boost overall

confidence that our major segments of Intergrated PET and Fibers are unique and have limited impact from the heightening trade wars. The continuing attention on plastic waste is helping the industry move

of declines in exports and confidence. Meanwhile, the full impact of government spending on the economy cannot be fully realized due to the delay in the enactment of the Annual Budget Expenditures Act

confidence and enhances visibility IVL has made a strong start in 1H 2018, with improvements in production volumes and margins across all segments and geographies. This performance is a result of our long-term

contract margin is expected and shall offset normalizing spot PET margins achieved in 2018.  IVL strong 3Q and YTD 2018 delivery, especially when considering global economic uncertainty, gives us confidence

. Demand for loans from the household sector increased in all categories, particularly auto-leasing and credit card loans, in line with the further improvement in consumer confidence. Looking forward

line with the softened household spending as a result of lower income, unemployment situation, and weakening consumer confidence coupled with the already high household debt level. Private investment

necessary. The regulations under this Notification set a standard for operation of derivatives clearing houses so that their services are efficient, transparent, and examinable, in a bid to promote confidence