Annual Reports

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AR2018 ANNUAL REPORT YEAR 2018

Dear Shareholders, 2018 started on a positive note with signs of broad-based global economic recovery. But as the year progressed, downside risks increased with weakening growth momentum. The situation was further compounded by arising political trade tensions between U.S and China and other geopolitical issues, including Brexit and NAFTA. Delivering Performance Despite the challenging operating… read more »

AnnAik AR2017-1-1-001 - Copy ANNUAL REPORT YEAR 2017

Dear Shareholders, 2017 proved to be a year where the global economy had largely bottomed out. While protectionism policies and sentiments persisted in some parts of the world, economies in other parts showed signs of stabilisation with the gradual recovery of oil prices. Correspondingly, the Singapore economy grew by 3.6% in 2017. However, the performance… read more »

AAK-AR-cov-2016 ANNUAL REPORT YEAR 2016

Dear Shareholders, 2016 had been a tumultuous year fraught with unexpected political and social episodes. The United Kingdom’s unexpected Brexit decision and the results of the U.S presidential election had shrouded the world with clouds of uncertainties. The U.S and most of the developed economies achieved modest economic growth; and even China, one of the… read more »