27 PERFORMANCE *O ': UIF (SPVQ BMTP PSHBOJTFE B DPNQBOZ XJEF CSJFàOH GPS .:&( T FNQMPZFFT PO 4VTUBJOBCJMJUZ $MJNBUF Change and the Task Force for Climate-Related Financial Disclosures (“TCFD”) to strengthen sustainability and DMJNBUF DIBOHF BXBSFOFTT LOPXMFEHF JO .:&( T TUBGG *O B SFMBUFE EFWFMPQNFOU ,FZ 4FOJPS .BOBHFNFOU BDSPTT functions and departments also came together in a workshop to formulate under the guidance of qualified consultants to facilitate the formation of Key Performance Indicators (“KPIsu BOE 5BSHFUT SFMBUFE UP &4( NBUUFST EFNPOTUSBUJOH UIF (SPVQ T CFMJFG UIBU JO NBOBHJOH &4( NPSF TUSBUFHJDBMMZ BOE DPNQSFIFOTJWFMZ JU JT DSVDJBM UP EFUFSNJOF NBUFSJBM NBUUFST NFBTVSF QFSGPSNBODF EBUB QVSTVBOU UP UIF JEFOUJàFE NBUFSJBM NBUUFST BOE TFU UBSHFUT UP ESJWF DPOUJOVPVT JNQSPWFNFOU JO QFSGPSNBODF *O FNCSBDJOH BDDPVOUBCJMJUZ BOE USBOTQBSFODZ UIF (SPVQ IBT DPNQJMFE BOE QVCMJTIFE the final KPIs and Targets on the corporate website. MYEG is pleased to note that the Group’s commitment to continued excellence in embedding its sustainability agenda PWFS UIF ZFBST JT CFJOH JOEFQFOEFOUMZ SFDPHOJTFE 5IF (SPVQ PCUBJOFE B '54& 3VTTFMM &4( 3BUJOHT TDPSF PG DPNQBSFE XJUI SFDFJWFE B ZFBS BHP BO JODSFBTF UIBU QMBDFE UIF (SPVQ XJUIJO UIF 5PQ PG QFSGPSNFST BNPOH XPSMEXJEF JOEVTUSZ QFFST 4FQBSBUFMZ .:&( BMTP EFMJWFSFE B TJHOJàDBOUMZ JNQSPWFE QFSGPSNBODF JO BOPUIFS SFDFOUMZ concluded annual corporate sustainability evaluation. The Group emerged within the top 19% of performers among its HMPCBM QFFS HSPVQ JO UIF 4 1 (MPCBM $PSQPSBUF 4VTUBJOBCJMJUZ "TTFTTNFOU XJUI BO PWFSBMM TDPSF PG VQ QPJOUT GSPN UIF QSFWJPVT ZFBS BDSPTT FOWJSPONFOU TPDJBM BOE HPWFSOBODF EJNFOTJPOT More information on sustainability-related disclosures is provided in the FY2024 Sustainability Statement on page 56 of this IAR2024. ECONOMIC OUTLOOK 5IF .BMBZTJBO FDPOPNZ JT FYQFDUFE UP SFNBJO SFTJMJFOU JO *O #BOL /FHBSB .BMBZTJB T WJFX HSPXUI XJMM CF ESJWFO CZ SPCVTU FYQBOTJPO JO JOWFTUNFOU BDUJWJUZ SFTJMJFOU IPVTFIPME TQFOEJOH BOE DPOUJOVFE FYQBOTJPO JO FYQPSUT It adds that investment activities will be driven by continued progress of multi-year projects in both the private and public sectors as well as higher realisation of approved investments and the implementation of catalytic initiatives VOEFS UIF WBSJPVT OBUJPOBM NBTUFS QMBOT .FBOXIJMF FNQMPZNFOU BOE XBHF HSPXUI BMPOH XJUI QPMJDZ NFBTVSFT MJLF the upward revision of the minimum wage and civil servant salaries would remain supportive of household spending. 5IF DFOUSBM CBOL BMTP OPUFE UIBU FYQPSUT BSF FYQFDUFE UP CF TVQQPSUFE CZ UIF HMPCBM UFDIOPMPHZ VQDZDMF DPOUJOVFE growth in non-electrical and electronics goods and higher tourist spending. )PXFWFS BDDPSEJOH UP #BOL /FHBSB UIF HSPXUI PVUMPPL JT OPU XJUIPVU EPXOTJEF SJTLT QBSUJDVMBSMZ JG HSPXUI JO .BMBZTJB T NBKPS USBEJOH QBSUOFST TMPXFE EPXO BNJE IFJHIUFOFE SJTL PG USBEF BOE JOWFTUNFOU SFTUSJDUJPOT BOE MPXFS UIBO FYQFDUFE DPNNPEJUZ QSPEVDUJPO /FWFSUIFMFTT HSPXUI DPVME QPUFOUJBMMZ CF IJHIFS GSPN HSFBUFS TQJMMPWFST GSPN UIF UFDI VQDZDMF NPSF SPCVTU UPVSJTN BDUJWJUJFT BOE GBTUFS JNQMFNFOUBUJPO PG JOWFTUNFOU QSPKFDUT Overall GDP growth has been projected by the Ministry of Finance to be between 4.5% and 5.5% in 2025. MYEG’S OUTLOOK .:&( SFDPHOJTFT UIF JNQPSUBODF PG JOWFTUJOH FBSMZ JO OFX UFDIOPMPHJFT JO PSEFS UP NBJOUBJO JUT àSTU NPWFS BEWBOUBHF ZFU UIF (SPVQ JT BMTP BXBSF PG UIF OFFE UP NBJOUBJO GVOEBNFOUBMMZ TPVOE àOBODJBM TUBOEJOH VOEFSQJOOFE CZ B TPMJE CBMBODF TIFFU BOE QSPàUBCJMJUZ USBKFDUPSZ "T TVDI XJMM TFF UIF (SPVQ QSJPSJUJTJOH GVSUIFS EFWFMPQNFOU PG OFX products and services with clear real-world commercial potential and take into account the amount of cash generated internally when deciding on the allocation of capital for investment. This bodes well for MYEG. The prospects are tipped to be bright as adoption of Web3 technology continues to go mainstream and more pervasive. MANAGEMENT DISCUSSION AND ANALYSIS (cont’d)
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