compared to Q2/2018. This is in respect to China’s increase in Kerosene export by 30% compared to the same period of the previous year, leading to Jet/Kerosene excess supply in Asian market. Jet (Kerosene
the ordinary shares in excess of their rights at the same offering price, whereby the Board of Directors or Executive Committee or Chief of Executive Committee or Managing Director shall be authorized
products or provision of services is not more than one-third of the maximum capacity of the infrastructure business, unless it can be demonstrated that an excess of such proportion is in accordance with the
-third of the maximum capacity of the infrastructure business , unless it can be demonstrated that an excess of such proportion is in accordance with the nature of the industry of such infrastructure
maintain its strong economic fundamentals, with a current account surplus of USD 37.3 billion, approximately 6.8 percent of GDP, and international reserves standing at 1.3 times its total foreign-currency
reverting back to a state of rigid supplies as oppose to the previous year’s state of excess market supply. The average spread between the Dated Brent and Dubai price in Q1/2018 increased by 0.91 $/BBL when
the lower fuel demand during the low season. 3. Gross profit was still affected by the repercussion from crude palm oil price crisis, due to the excess supply of palm product in the market and
government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease