V3 27/02/63 0 V3 27/02/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2019 In 2019, the Thai economy grew by 2.4 percent year-on-year, down from

on impacts from volatile international capital flows, which would have repercussions for foreign exchange movements and funding costs. The Thai economy in the second quarter of 2018 exhibited ongong

to grow at 3% YoY from sales recognition of new and some existing products. This was impacted by financial statement adjustment in accordance with new Thai accounting standards. According to the

S1 และ S2 จัดทำโดยคณะกรรมการมาตรฐานความยั่งยืนระหว่างประเทศ (The International Sustainability Standards Board หรือ ISSB) เพื่อเสริมสร้างให้ตลาดทุนไทยเป็นที่ยอมรับในระดับสากลอย่างต่อเนื่องต่อไป”นายกุล

Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the year ended 31 December 2018 Executive Summary The Thai economy in the last quarter in 2018 continued to grow

Thai economy in the third quarter of 2018 had a positive trend in line with the expansion of world economy. The continuous growth from export sector and the implementation of advanced technology in

Thai Financial Reporting Standards No. 16 re: Lease Agreement for the first time adoption (“TFRS 16”) starting from 1 January 2020, using the cumulative catch-up approach without retroactively adjusting

Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the third quarter of 2019 ended 30 September 2019 Executive Summary Thai economy in the third quarter of 2019 was

Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the second quarter of 2017 ended 30 June 2017 Executive Summary In the second quarter of 2017, Thai economy has

domestic and international businesses. The same store sales of the domestic restaurants under brand “S&P” decreased by 0. 8 percent while the same store sales of the S&P bakery shop decreased at the rate of