business due to the seasonal epidemics and diseases that come with the rain, lead to an increase in medical service utilizations. Moreover, the Company believes that demand for medical services that delayed
lower demand from foreign trading partners affecting the export sector. The local political uncertainties that arose in this quarter further added pressure and caused delayed investment decisions in
, VGA products were in extremely high demand, further exacerbated by delayed imports, resulting in shortage and skyrocketing price in response to market dynamics. However, in 2022, the shortage of VGA
including utility bills and tax campaign which temporarily stimulated the private consumption. Nonetheless, inherent risks lay in structural challenges such as high household debt, delayed government budget
quarter of year 2024 6 the postponed 2024 budget. While demand for new vehicles remains solid, it is currently delayed due to stricter financing options. It’s important to emphasize that the company
expanding investment in overseas, which led to high competition in this region. Additionally, peers extended the investment to energy related business as well as new business for business diversification and
hub, and to support the development of regional supply chains. The tensions created by the trade war between the US and China have led some supply chains to be shifted out of China to the ASEAN region
, leading to higher supplies in the region. Gasoil/Dubai crack spread (GO/DB) in Q2/2017 was averaged at 11.34 USD/BBL, increased by 0.81 USD/BBL, compared to Q2/2016, with respect to a rise in demand from
confidence; 3.) strong tourism growth mainly from higher international tourist arrivals, especially from the ASEAN region, despite a slight decline in Chinese tourist arrivals during the second half of 2018