the appreciation of the Thai Baht has led to the destination shift among the country’s target tourists. These factors have, undoubtedly, put pressure on the hospitality industry, which is the main
reduction of capacity in some of private sector businesses. This resulted to decline in diesel consumption in 2Q2020, even if, the government announced to shift the mandatory diesel from B7 to B10 and
compared to prior quarter owing to the higher transportation during travel season and fuel traders M.7.’s preparing the stock of biodiesel B10 which would soon be the mandatory diesel shift from biodiesel B7
number of Chinese tourists significantly rose by 11.0 percent in this quarter which resulted from the political tension between China and South Korea, causing the Chinese tourists to shift their 2 ASIA’S
acquire more NPLs at favorable prices. However, the Company expects to see higher competition in securing and getting NPLs/ NPAs as many players would likely shift their focus towards secured collateralized
competition in securing and getting NPLs/ NPAs as many players would likely shift their focus towards secured collateralized loans, which deem to be less risky than that of the unsecured personal loans or
IVL as a whole in 2019. o Sharp decline in crude prices (high of $ 83/bbl in 3Q18 versus low of 54/bbl in 4Q18) as we entered in to the weak season led to accelerated destocking in the integrated PET
million, resulting from the sharp rise in average crude oil price during the quarter, while in Q2/2017 recorded an inventory loss in the amount of THB 1,010 million (included LCM of THB 7 million). Average
) expects the Thai economy to contract by 6.7 percent. The main factors driving the economic downturn are the contraction in exports of services, predominantly tourism revenues following the sharp fall in the