contributions, I am confident that we can enable the Thai capital market to achieve solid sustainable growth in the future. 4 Message from the Secretary-General (Mr. Vorapol Socatiyanurak) Secretary-General
effective mall management and operating cost control despite major renovations at CentralWorld and CentralPlaza Rama 3 The Thai economy in 3Q17 continued to expand courtesy of solid growth in export of goods
CentralPlaza Phitsanulok. • Solid growth from shopping malls with partial renovation, namely CentralPlaza Chaengwattana and CentralPlaza Bangna. Malls under major renovation include CentralWorld and CentralPlaza
. In 2018, the Thai economy has grown at a continuously solid level with a GDP expansion of approximately 4.1% YoY. The growth is attributed to a number of factors, namely 1.) strong export growth
. In 2018, the Thai economy has grown at a continuously solid level with a GDP expansion of approximately 4.1% YoY. The growth is attributed to a number of factors, namely 1.) strong export growth
of transfer, 4 of which under development and 1 low-rise residential project for sale (totaling 71 units in all phase), which includes the properties transferred to CPN Retail Growth Leasehold REIT
.) growth in private consumption supported by higher household income in both agriculture and non- agriculture sectors along with recovering consumer confidence; 2.) solid performance in the tourism sector
mentioned earlier. Performances at shopping malls showed solid growth as summarized below. • Contributions for the full quarter from a new mall opened September 2018, namely Central Phuket Floresta and
% YoY). Despite the impact of the major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPNREIT, performances at shopping malls showed solid growth as summarized below
on process of transfer, 2 of which under development and 1 low-rise residential project for sale (totaling 71 units in all phase), which includes the properties transferred to CPN Retail Growth