trend development was more than offset by the continued positive growth sentiment of advertising spending in November and December 2017, driven by the economic rebound in exports, tourism and automotive
like Hygiene fibers and Lifestyle, where as some are high performance like Mobility though linked to global GDP and auto manufacturing. We have seen good rebound in our fibers business in the early part
is expected to be around 1-2% to the full-year performance, which has already been factored into our full-year forecast. We expect that the advertising segment will rebound after the mourning period as
expenses until the end of Q3/2020 since retail traffic does not rebound to the pre-pandemic level. At the same time, the Company has also saved administrative expenses from offering head-office employee to
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
digitalizing channels and operational processes to gain fair market share and expand our scale in respective businesses. Mobile revenue to gradually rebound –AIS aims to lead with 5G service emphasizing on
spending, higher investment, and the rebound of the tourism industry after a higher vaccination rate. Aside from opening normal branches, the company plans to open small branches similar to Cloud Kitchen to
of fixed effects may influence the results. I therefore add industry fixed effects. 16 Third, unlike Barth et al. (1999), I cluster standard errors by firm and year in order to mitigate the effects of
increase the difficulty of estimating absolute emissions savings Transport systems are dynamic systems subject to well-known feedback effects such as induced demand, fuel efficiency rebound effects and
in respective businesses. Mobile revenue to gradually rebound –AIS aims to lead with 5G service emphasizing on superior 5G user experience to capture high value segment and gain revenue market share