announced our joint support for chemical recycling of PET waste in the Netherlands which is expected in 4Q19. Stronger Balance Sheet with Prudent Growth IVL business model has evolved over the years with
expenses associated with GLAND’s operations since the acquisition in 3Q18 onwards. Nonetheless, CPN demonstrated prudent cost control measures and closely monitors the expenditure level to match revenue
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
. The Company demonstrated prudent cost control measures to be in-line with a decrease in revenue to retain business normalcy in current situation. The administrative expenses to total revenue ratio stood
exhibit a slow growth, increasing 4.2% from last year. The number of Chinese tourists which made up 28% of total tourist arrivals recovered in the second half of the year with growth of 4.4% for total year
still exhibit a decline of 2.2%. Although the economy is showing signs of recovery in many areas, factors that still need to be monitored include 1) the continuing trade tensions between the US and
exhibit a slowdown. The tourism sector was impacted by the Phuket boat incident and partly resulted in, after seasonal adjustment, the continued decline in the number of foreign tourists during the month of
addition, they have to maintain prudent credit underwriting policy and be prepared for regulatory changes regarding the Basel III capital requirements and the International Financial Reporting Standards