China, following the boat accident in Phuket, and Russia, following the sanction imposed by the US, and last but not least, 4.) other supporting factors, namely public investments driven by state-owned

, the value of merchandise exports expanded at a slower rate as the result of the economic slowdown in major trading partners, and the effect of protectionist trade policies between the US and China. The

ส่วนที่ 1 เงินฝาก ธ. Bank of China (BOC) - จีน สาขา Macau A (FITCH International) 25.00% 0.90% 0.23% ตราสารหน้ี ธ. China Merchants Bank (CMB) - จนี สาขา Luxembourg BBB+ (FITCH International) 25.00% 0.80

- 2.60% 14% 0.36% ตราสารหน้ี AGRICULTURAL BANK OF CHINA CHINA - A 2.50% 14% 0.35% ตราสารหน้ี BANK OF CHINA CHINA - A 2.50% 14% 0.35% ตราสารหน้ี CHINA CONSTRUCTION BANK CHINA - A 2.50% 14% 0.35% ตราสารหน้ี

. However, the pace of expansion is expected to ease if downside risks, such as the continuing U.S. and China trade dispute, materialize. In addition, Thailand is scheduled to hold elections on 24th of March

political crisis in many country including War trade crisis between USA and China however the global economy still has continuously growing up. While Thai’s economic has trend to growing lower than

weaker from protectionist trade policies between US and China and effect of Baht appreciation, which affected to export sector and industrial sector, especially in electronic components manufacturing

, an increase of THB 584 Million or 9.0%, comprising of export sales to CLMV market of THB 5,901 million, China of THB 494 million, sales in the UK under the operation of Intercarabao Limited (“ICUK”) of

, did not achieve the target since the impact of the economic recession of the global markets, such as USA, Europe, China. In the meantime, the domestic market was affected from poor export economic

China. Sales breakdown by business and geography are as follows: Sales Breakdown by Business:  Brand: Baht 620 million, down 22% YoY  CMG: Baht 750 million, down 21% YoY  Sales ratio of Brand: CMG was