4) Monetary tightening as the Bank of Thailand (BOT) signaled raising the interest rate in the period ahead while financial market rates are on an upward path. However, the Bank in-house research
Environment 2Q24 global economy continued to face challenges from prolonged monetary policy tightening amid geopolitical tensions. In Thailand, positive economic sentiment was driven by ongoing improvement in
31.92 THB/USD, weakening from 31.54 THB/USD in the previous quarter but remained stronger than 34.30 THB/USD in the same period last year. The Monetary Policy Committee (MPC) decided to keep the policy
oil in price throughout the quarter, especially the Dubai crude oil price which dropped during early August to September from concerns over the trade war between the US and China, combined with the Thai
lower current account 2) Central bank monetary policy - gradual tightening of monetary policy could help ease pressure on Thai Baht. However, over- tightening could lead to rise in Thai money market rates
quarter of 2019, Baht appreciated with the average exchange rate of 31.62 THB/USD, compared to 32.81 THB/USD in the previous quarter. The Monetary Policy Committee (MPC) maintained the policy interest rate
throughout the year by a slowing global economy due to the trade war between the US and China, which inadvertently lowered global oil demand. This also coincides with the International Monetary Fund (IMF
price, combined with the total sales volume of the company increased by 4% YoY. Further, revenue from the Power Plant business and Bio-based Product business increased as well. 2. Gross Profit was