second round of COVID-19 epidemic subsided. In addition, there was an improvement in economic activity and continued support from government measures. Although, the government spending became contraction
private investment increased in line with the economic recovery. Meanwhile, the government expenditures spending grew primarily through regular spending. However, government expenditures increased from the
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
Summary of operations and the factors that make a significant change Summary of Operations for the Year 2017 Topic Annual Balance Change 2017 2016 2017 VS 2016 (MB) (MB) % Total Revenue 5,397.2 4,419.1
result, Private investment has declined dramatically while the Tourism sector has not yet recovered. The overall economic support comes from the government spending. Both fixed expenses and capital
the country. Public spending contracted compared to the same period last year due to the decreased in both regular and capital expenditures by the central government. In addition, they were disbursed in
customer. In addition, the outbreak of COVID-19 has affected most businesses and industries, such as supply chain systems, consumer spending or production disruptions, as well as delayed operations
overall economic conditions have dampened consumers’ spending, despite a spate of government stimulus measures such as the state welfare card and the ‘Eat, Shop and Spend’ project in the second half of 2019