expansion of merchandise exports and tourism. The value of merchandise exports in 2017 grew around 10%, compared to 0.5% in 2016. Tourism sector also grew in line with the higher number of foreign tourists in
. IVL has added 1.1 million tons of PET capacity through acquisitions of plants in Brazil and Egypt, and another 1.1 million tons of PTA capacity with Portugal PTA, in addition to Rotterdam expansion, all
utility cost decreased 1.7% YoY, thanks to CPN’s continuous effort to conserve energy and utilities in operations. • Higher maintenance, repair and personnel expenses to support the expansion of new
durable goods. The Thai economy hence showed ongoing improvement from the first quarter. Nonetheless, the economic expansion, which was still limited and uneven, affected the performance of KBank and our
generating new opportunities to increase revenues. In terms of customer base expansion, financial innovation has created new forms of financial services which enable banks to explore new business opportunities
future business expansion outside Philippines shall be subject to any discussion between the Company and Kinpo Group based on the circumstance that either the Company or Kinpo Group is more appropriate to
business expansion by 2019. Direct Investment business is the existing business of the Company and its subsidiaries. In the past, the Company and its subsidiaries have been conducting direct investments in
Limited with 100% stake, implying an investment in Porto Worldwide Limited with 33% stake. The objective is to invest in Grab businesses in order to enhance channel for business expansion, assist core
market group’s expertise in the wealth management business and through the commercial banking business distribution channels to increase fee income and assets under advice. The area of Investment Banking