7,777 respectively. The changes was primarily due to impact of the economic slowdown, Thai Baht appreciation and competition in Samui market. Outrigger Hotels Indicators 2018 2019 %change Quarter 4/2018

investments by the equity method while lower depreciation due to the change in estimating useful lives of assets at Dusit Thani Manila to reflect the real future economic benefits and in line with the Company’s

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Thailand’s economic recovery remained on track and

Information (“MMOU”) (“IOSCO MMOU”) (ข) หน่วยงานกำกับดูแลในกลุ่มประเทศ Organization for Economic Co-operation and Development (“OECD”) (ค) หน่วยงานกำกับดูแลของประเทศที่อยู่ในประชาคมเศรษฐกิจอาเซียน (ASEAN

economic conditions in the contract. Selling expenses were THB 488 million, a decrease of THB 204 million or 29.5%, representing 12.6% of total sales, down from 19.1%. The details of key expenses were as

”) (“IOSCO MMOU”) (ข) หน่วยงานก ากบัดูแลในกลุ่มประเทศ Organization for Economic Co-operation and Development (“OECD”) (ค) หน่วยงานก ากบัดูแลของประเทศท่ีอยูใ่นประชาคมเศรษฐกิจอาเซียน (ASEAN Economic Community

% from Q3/2019 and 38% from 9M/2019, respectively. • The decrease in operating revenue was mainly from the fall in purchasing power of domestic consumers as a result of the economic downturn and the

2021 as a result of economic activities began to recover as a result of the relaxation of the COVID-19 control measures, especially in the domestic tourism sector. In addition, the government's various

in government spending, investment, and economic stimulus, further impacting the pick-up truck segment. Domestic demand fell by 23.7% to 144,271 units. The rise in electric car sales in Thailand, which

(“MMOU”) (“IOSCO MMOU”) ꃂ숀  ꃂ 숀  ꃂ 숀  ꃂ 숀  ꃂ 숀 1.2 หน่วยงานกำกับดูแลของประเทศที่อยู่ในกลุ่มประเทศ Organization for Economic Co-operation and Development (“OECD”) ꃂ숀  ꃂ 숀  ꃂ 숀  ꃂ