namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could
Ratchasima and CentralPlaza Mahachai. At the end of 2Q18, the average occupancy rate for CPN’s retail properties stood at 92%, similar level YoY, despite the ongoing major renovation at CentralWorld. Central
expansion for the year 2018 to be 4.5% from earlier projection of 4.2%. Despite the improving economy, there are challenges ahead namely 1) Structural changes in Thai economy, particularly high level of
high level of household debt limiting widespread consumption 2) Escalating trade tension between US and the rest of the world including a slowdown in the Chinese economy which could negatively impact
level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy, lower than expected growth in
to remain subdue stemming from 1) the continuing trade tensions between the US and trading partners, particularly China which may impose risks to exports growth and 2) the continuing high level of
remain subdue stemming from 1) the continuing trade tensions between the US and trading partners, particularly China which may impose risks to exports growth and 2) the continuing high level of household
Quarter 2020 MD&A 8 IVL Strategic Priorities Going Forward IVL remains focused on its financial objective for 2023 - to achieve double-digit ROCE in each of its core businesses; top decile total shareholder
in the long run. Given the current situation, the Company anticipates that it will take approximately 3 years to see revenues come back to before COVID-19 level. Phase 1 : Domestic tourism With