attendant growth in demand for advertising. By making use of the long experience and strong knowledge of the Company, we believe that MACO is well positioned to enter into the next round of accelerated growth

benefit from structurally improving margins and capturing the volume opportunities. IVL has achieved notable progress on multiple strategic fronts and is increasingly well positioned to deliver sustainable

growth plans Indorama Ventures 1st Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions

. In 2018, the Thai economy has grown at a continuously solid level with a GDP expansion of approximately 4.1% YoY. The growth is attributed to a number of factors, namely 1.) strong export growth

. In 2018, the Thai economy has grown at a continuously solid level with a GDP expansion of approximately 4.1% YoY. The growth is attributed to a number of factors, namely 1.) strong export growth

was 8.8 million (Q3/2016 : 8.2 million), equal to a 6.0% increase YoY. This continuing and sustained tourist arrivals growth is a key enabling factor that supported the growth for the Company’s Hotels

growth has accelerat- ed significantly in recent years. While it is our stat- ed goal of doubling the EBITDA every five years, we have achieved this target in the last four years. IVL is well positioned to

growth has accelerat- ed significantly in recent years. While it is our stat- ed goal of doubling the EBITDA every five years, we have achieved this target in the last four years. IVL is well positioned to

. In 3Q18, the Thai economy extends its growth momentum following the GDP expansion by 4.6% in 2Q18. The growth is attributed to a number of factors, namely 1.) strong export growth despite a slight

Dusit Thani Bangkok hotel and THB 3 million net increase from new investments. The Company still maintains core revenue growth forecast at 8-10% and plans to sell investment in subsidiary to alleviate