.) Export sector was impacted from country lock down of the partner countries due to the discontinuance of production chain 3) Government spending and investment shrinkage due to the delay of government
beginning, promising further growth to come, aided by government stimulus spending. US it seems is firing on all cylinders and China is the first to emerge with strong demand. If Europe unites in stimulating
traction from the first quarter. The ongoing economic rebound was mainly driven by exports and tourism, whereas domestic spending and investment only gradually picked up. Still, the economy has yet to see
sectors, which some part mainly comes from export and tourism sectors and internal expenditure rate has gradually expanded as well. These economic situations leaded to quarter 3/201 the Company gained
direction from investment motivation of both governmental and private sectors, which some part mainly comes from export and tourism sectors and internal expenditure rate has gradually expanded as well. These
-Vitt contribution in the 2H’20. Selling and administrative expenses (SG&A) level of spending was at 22.7% of sales, slightly lower YoY. Our actions were to focus on core products and defend profit with a
-19 outbreak and to alleviate economic downturn. Although, many countries have gradually relaxed the lockdown measures, and businesses resumed their operations, consumer spending is still not yet fully
remained concentrated on smaller packages as consumers affected by sluggish economy are seeking for value-for-money. Therefore, the industry ARPU remained under pressure amidst weak spending environment
retraction of economic activities and consumer spending. The consumer sentiment remains fragile as the country waits for vaccination against the new variant. Despite of such economic weakness, we delivered
criteria ▪ Step 3: Introduce oversight ▪ Step 4: Adapt investment process ▪ ABSOLUTE EXCLUSION No investment in exclusionary criteria ▪ THRESHOLD EXCLUSION Partial investment ▪ RELATIVE EXCLUSION Best-in