recovery of some business sectors, including the export sector that continued to decline due to the economic slowdown in Thailand's major trading partners. This may affect the ability to pay of customers in
the export sector, although it has a better outlook in the third quarter. In additions, the household debt rate remained high, the Company, therefore, implemented a more stringent credit lending policy
while revenue from residential projects is expected to increase in 2H19 and accordingly with CPN’s business plan. In 2Q19, growth in the Thai economy decelerated primarily driven by a decline in export
capacity utilization following a steady contraction in export value. Meanwhile, public investment expanded as a result of an acceleration in disbursements by the government. Headline inflation in the second
and according to target. In 3Q19, growth in the Thai economy decelerated primarily driven by a decline in export growth from world-trade sluggish effecting from Trade War. However, the Thai economy is
continued to gain further traction driven by both growths in domestic and external demand. The value of merchandise exports expanded solidly on the back of the continual increase in export quantity and rising
accelerate their business transformation. Thailand’s economic growth was subdued. Shrinking export growth led to higher unemployment and slower private investment growth, while private consumption was
from 4.0 percent in 2017. Nominal GDP for the year totaled Baht 16.3 trillion (USD 500 billion). While domestic demand continued to be solid in 2018, the export and tourism sectors weakened in the second
quarter of 2018, the Thai economy expanded well, driven by both growth in the foreign sector and gradual improvements in domestic demand. Merchandise exports improved both in terms of export quantity thanks