base has contributed to a higher overall SG&A cost up 4% versus 2016 but as the number of full time employees has reduced SG&A has started to trend lower (as demonstrated in the fourth quarter). While
Vietnam, which demonstrated the strongest GDP growth in ASEAN with an estimated growth at 1.6%2 in 2020. On the domestic side, Thailand’s economic outlook remains uncertain due to pressure on both the
units are divided into several classes, the amount and total value shall also be demonstrated for each class. 6 Clause 6 The essential covenants in part of raising capital of the REIT shall contain at
4) Monetary tightening as the Bank of Thailand (BOT) signaled raising the interest rate in the period ahead while financial market rates are on an upward path. However, the Bank in-house research
-openings. However, towards the middle of the year, the rising inflation and continuous increase in energy costs limited private consumption and signaled a global economic slowdown, raising spending concerns
demonstrated that the applicant has conducted a due diligence on the real estate to be invested in accordance with the rules as prescribed in Clause 16, and has disclosed information and risks in the
to temporary close shopping malls as well as a decrease in rental expense incurred to CPNREIT for the sublet of Hilton Pattaya. CPN demonstrated prudent cost control measures to be in-line with a
profit of 17.2 million Baht. The performance in 2019 of each business has demonstrated the potential of the group in creating good operating results stability. Nevertheless, there would be factors relating
demonstrated a cautious growth from expansions of private consumption and tourism sector, while facing global and local economic headwinds and challenges from high interest rate environment. Overall, AIS