{"id":1436,"date":"2022-03-28T18:21:25","date_gmt":"2022-03-28T18:21:25","guid":{"rendered":"https:\/\/btg.ccstageco.com\/?page_id=1436"},"modified":"2024-04-03T12:02:46","modified_gmt":"2024-04-03T04:02:46","slug":"executive-chairmans-statement","status":"publish","type":"page","link":"https:\/\/annualreport.groupbanyan.com\/2023\/executive-chairmans-statement\/","title":{"rendered":"Executive Chairman\u2019s Statement"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1436\" class=\"elementor elementor-1436\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1545b01 e-flex e-con-boxed e-con e-parent\" data-id=\"1545b01\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-93e3f68 e-con-full e-flex e-con e-child\" data-id=\"93e3f68\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2fce2f5 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"2fce2f5\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">EXECUTIVE\nCHAIRMAN\u2019S\nSTATEMENT<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99bf7e3 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"99bf7e3\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"308\" height=\"103\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Ho-Kwonping-Signature.png\" class=\"attachment-full size-full wp-image-7135\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Ho-Kwonping-Signature.png 308w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/Ho-Kwonping-Signature-300x100.png 300w\" sizes=\"(max-width: 308px) 100vw, 308px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9baeba2 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"9baeba2\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Ho KwonPing<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7938467 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"7938467\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:640}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p class=\"p1\">Founder &amp; Executive Chairman<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cfa70f5 e-flex e-con-boxed e-con e-parent\" data-id=\"cfa70f5\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-95df363 e-con-full e-flex e-con e-child\" data-id=\"95df363\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cd545a3 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"cd545a3\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The Group performed well in 2023,\ndespite challenging market conditions including a slowing world economy, heightened geopolitical tensions and a weaker-than-expected recovery in China.\nAs compared to 2022, revenue increased\nby 21% to S$327.9 million, while Core Operating Profit more than doubled to S$51.9 million.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b7a8503 e-flex e-con-boxed e-con e-parent\" data-id=\"b7a8503\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1eaf8a3 e-flex e-con-boxed e-con e-child\" data-id=\"1eaf8a3\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6873015 e-con-full e-flex e-con e-child\" data-id=\"6873015\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7cdc081 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"7cdc081\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"725\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Laguna-Lakelands-1024x725.jpg\" class=\"attachment-large size-large wp-image-7919\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Laguna-Lakelands-1024x725.jpg 1024w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Laguna-Lakelands-300x212.jpg 300w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Laguna-Lakelands-768x544.jpg 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Laguna-Lakelands.jpg 1240w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Laguna-Lakelands-300x212@2x.jpg 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Laguna Lakelands, Thailand<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-992af71 e-con-full e-flex e-con e-child\" data-id=\"992af71\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-34662ba elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"34662ba\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Our Multi-Brand Transformation\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-431a99d elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"431a99d\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Key to our success has been the transformation of our portfolio, from a single luxury brand to a portfolio of brands ranging from luxury to mid-scale. We continued our brand expansion in 2023, launching micro-hotel brand Folio and boutique brand extension Angsana Heritage Collection. Like our entire portfolio, these brands offer design-led experiences, a sense of place and an emphasis on sustainability.<\/p><p class=\"p1\">Of all the countries we operate in, almost half now carry our multi-branded presence. With most of these being high-growth destinations and with newer brands comprising about half of our pipeline, we are poised to capture a wider range of guests while connecting loyal ones with new destinations.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c74a2ba e-flex e-con-boxed e-con e-child\" data-id=\"c74a2ba\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3a47d71 e-con-full e-flex e-con e-child\" data-id=\"3a47d71\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c16e8b0 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"c16e8b0\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3 class=\"p1\"><span class=\"s1\">With our mission of stewardship and responsible tourism, we continue to be the original trailblazer for inclusive growth and sustainable hospitality.<\/span><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8cfb646 e-flex e-con-boxed e-con e-child\" data-id=\"8cfb646\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-01b5dee e-con-full e-flex e-con e-child\" data-id=\"01b5dee\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-522fafb elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"522fafb\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Our Resilient Business<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d57065 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"7d57065\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Amid the turbulence of recent years, the Group\u2019s resilience has shone, with three strong segments\u2014Hotel Investments, Fee-based and Residences\u2014supporting the business. Hotels owned and managed by the Group performed well in 2023, bolstered by Residences, which set a record of S$267.8 million in new sales.<\/p><p class=\"p1\">China remains a strategically important market for us. One of the largest feeder markets for tourism worldwide, it represents a third of our portfolio and a substantial part of our fast-growing pipeline. With this in mind, we concluded a buyback deal with China Vanke in 2023 to streamline our strategic decision-making, enabling us to be more responsive to market dynamics and enhancing day-to-day operational efficiency. This further solidifies the Group\u2019s position as a major hospitality player.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c20a03d elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"c20a03d\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Sustainability and Stewardship<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-05937f7 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"05937f7\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">With our mission of stewardship and responsible tourism, we continue to be the original trailblazer for inclusive growth and sustainable hospitality. While we have always championed ecologically sensitive design, the launch of development at Laguna Lakelands in December 2023 ushers in an exciting new era of immersive living. Spanning 110 hectares, our most ambitious nature-integrated development will feature a Rainforest park, over 10 km of treetop skywalks and six distinct zones\u2014orchard, lakeside, lagoon, valley and forest.<\/p><p class=\"p1\">The Group is also in the process of aligning with United Nations Climate Science-based Targets to develop a comprehensive 2030 Sustainability Roadmap. This will ensure that both environmental and human capital development are consistent with our founding ethos of Embracing the Environment, Empowering People.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a8fff0d e-con-full e-flex e-con e-child\" data-id=\"a8fff0d\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b316e03 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"b316e03\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"683\" height=\"1024\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Buahan-a-Banyan-Tree-Escape-Indonesia_2-683x1024.jpg\" class=\"attachment-large size-large wp-image-9208\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Buahan-a-Banyan-Tree-Escape-Indonesia_2-683x1024.jpg 683w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Buahan-a-Banyan-Tree-Escape-Indonesia_2-200x300.jpg 200w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Buahan-a-Banyan-Tree-Escape-Indonesia_2-768x1151.jpg 768w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Buahan-a-Banyan-Tree-Escape-Indonesia_2-1025x1536.jpg 1025w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Buahan-a-Banyan-Tree-Escape-Indonesia_2.jpg 1234w, https:\/\/annualreport.groupbanyan.com\/2023\/wp-content\/uploads\/2024\/03\/EC-Statement_Buahan-a-Banyan-Tree-Escape-Indonesia_2-200x300@2x.jpg 400w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Buahan, a Banyan Tree Escape, Indonesia<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-456474c e-flex e-con-boxed e-con e-child\" data-id=\"456474c\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-b2a19cc e-con-full e-flex e-con e-child\" data-id=\"b2a19cc\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-837954e elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"837954e\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">A Powerhouse with Purpose<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b365c7 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"0b365c7\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Our pioneering spirit and commitment to both design-led experiences and purpose-driven, responsible development have propelled our evolution into a dynamic, multi-brand hospitality powerhouse. Reflecting this, as of 11 January 2024, we have introduced a shift in brand name from \u201cBanyan Tree Group\u201d to simply \u201cBanyan Group\u201d. The core beliefs and values that have guided the Group to this milestone will continue to underpin our growth strategy.<\/p><p class=\"p1\">My appreciation goes to our Board members, associates, guests, partners and shareholders for helping us to create long-term value and a healthy triple bottom line\u2014economic, social and environmental\u2014for all our stakeholders and destinations.<\/p><p class=\"p1\">I look forward to your support as Banyan Group remains a force for positive change, for people and the planet.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5ab7faa e-flex e-con-boxed e-con e-parent\" data-id=\"5ab7faa\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-4592bae e-con-full e-flex e-con e-child\" data-id=\"4592bae\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-22dfde7 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"22dfde7\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Next<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99425df elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"99425df\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:320}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/annualreport.groupbanyan.com\/2023\/chief-executive-officers-statement\/\">Chief <br>Executive <br>Officer's <br>Statement<\/a><\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0196d57 elementor-align-left elementor-widget__width-inherit elementor-invisible elementor-widget elementor-widget-button\" data-id=\"0196d57\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/annualreport.groupbanyan.com\/2023\/chief-executive-officers-statement\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-right\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-long-arrow-alt-right\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">READ NEXT SECTION<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>EXECUTIVE CHAIRMAN\u2019S STATEMENT Ho KwonPing Founder &amp; Executive Chairman The Group performed well in 2023, despite challenging market conditions including a slowing world economy, heightened geopolitical tensions and a weaker-than-expected recovery in China. As compared to 2022, revenue increased by 21% to S$327.9 million, while Core Operating Profit more than doubled to S$51.9 million. Laguna [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"meta_box":[],"_links":{"self":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/pages\/1436"}],"collection":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/comments?post=1436"}],"version-history":[{"count":520,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/pages\/1436\/revisions"}],"predecessor-version":[{"id":9699,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/pages\/1436\/revisions\/9699"}],"wp:attachment":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/wp-json\/wp\/v2\/media?parent=1436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}