) already in operation together with 17 hotels (4,322 rooms) under development. As such, of those 37 hotels already in operation, 15 hotels (3,812 rooms) are owned and operated by the Company and 22 hotels
.) Export sector was impacted from country lock down of the partner countries due to the discontinuance of production chain 3) Government spending and investment shrinkage due to the delay of government
have also led to a widespread slowdown in economic activities especially in the service sector. Private consumption contracted compared to the same period last year across all spending categories, in
beginning, promising further growth to come, aided by government stimulus spending. US it seems is firing on all cylinders and China is the first to emerge with strong demand. If Europe unites in stimulating
%, respectively, whereas, print media continues its multi-year decline, down 25.0%. The advertising spending in TV improved by 3.0% in 20182. Such positive trends in OOH and online have been fueled by lifestyle
business. Similarly, private investment sector was slowdown regarding to the concern about uncertain government spending except in the electronics group that moved production base from abroad and the
Jakarta Mass Rapid Transit, or MRT Jakarta, operated by PT Avabanindo Perkasa has started its first commercialisation. VIETNAM On 21 January 2020, MACO, through VGI MACO (Singapore) Private Limited1
Vietnam. Overall SSSG in hardline segment decreased, primarily due to declines in overall customer spending in Thailand, particularly product in categories like home entertainment, where Power Buy is
attractive promotions and redeem significant rewards. In addition, the application will help to speed up the branch operation where customers can order in advance, therefore, spending less time in queuing and
slowdown, 4/11 which result in a decline in ad spending on print media. However, the Company has adjusted strategic and business model to cope with such effects. The Company views that Bangna assets are no