investors. The debenture was rated A+(tha) by Fitch Ratings (Thailand) which reflects the strength of the company’ financial situation. In this offering, the booking of this debenture is 7 times higher than

MW which occurred in April 2018. In terms of power industry situation for the second half of 2018, the Energy Regulatory Commission (ERC) decided to maintain Ft rate at -15.9 Sa-tang per unit with the

5.0 percent in which the Russian tourists had the highest growth at 24.9 percent, following by the tourists from East Europe and Spain with 18.3 and 4.8 percentage growth respectively. For the situation

percent, compared to the same period last year. This is because a recovery of zero-dollar tours situation in previous year. Overall, a number of Chinese visitors grew by 12 percent for the whole of 2017

Thailand from July- November 2018 declined at 12.0 percent, but the situation started to improve in December. As a result, the 3 ASIA’S BOUTIQUE AIRLINE overall Chinese arrival to Thailand increased at 2.8

still in downturn from the trade war between USA and China that continues to escalate as well as unclear situation of BREXIT. Thailand economy continues to slow down from the previous quarter, contributed

situation began to improve in July, the overall Chinese arrivals still expanded slower than the previous year. (Source: Ministry of Tourism and Sports). For year 2019, the number of passenger decreased by 1.6

a holding company has investments in retail and financial businesses. During the second quarter, the company passed the coronavirus outbreak ("COVID-19"). Although the situation of the COVID- 19

management discussion and analysis for the 2nd quarter of 2020 and 6-month period ended 30 June 2020, as follows: The Group’s Operation under the Epidemic Situation of Coronavirus 2019 Due to the global

the 16th of January 2020 onwards. March The Thai Government declared an Emergency Situation in all areas of the Kingdom of Thailand due to the outbreak of the COVID-19. Management outlook and future