strategy, especially in energy investments. The construction of our second Japan solar farm of 10.57MW in Japan is progressing well with confirmed expected commissioning in the 3rd Quarter of 2017. The PDI
year. The major renovation at CentralWorld is progressing as planned. The major renovation at CentralWorld is progressing as planned. In 1Q18, CPN curbed its renovation work during January and February
by the end of 2019 as a new stopover landmark for both local and tourists. The major renovation at CentralWorld is progressing as planned and will gradually complete by 3Q18. Asset Enhancement
reach 100 billion baht (3.3 billion USD) by the end of this year. The commitment underscores our objective of progressing towards meeting the UN SDGs. The sustainability bond has been met with
automated travellator, bringing forth a seamless transaction between luxury and leisure ambiences. The major renovation at CentralWorld is progressing as planned and will gradually commence full operation by
the Verso International School, the construction of Phase 1 was completed, and the construction of Phase 2 is progressing as planned. The school is ready to open on 17 August 2020. …………………………………. (Ms
, Hygiene and Lifestyle. Each vertical has a dedicated management team tasked to consolidate its asset footprint to capture combinatory synergies. This is progressing well to date in 2020. The Lifestyle
currently under construction with the expected opening date in 4Q18, having secured major tenants and anchors, such as the department store, supermarket and cinema. It is also progressing its lease agreements
expected to increase further, following the acceleration in the disbursement on infrastructure projects. In addition, the development of the Eastern Economic Corridor (EEC) projects has been progressing
Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...