participate in the supply reduction had to stop fuel pipeline transfers, leading to lower production and export of crude oil; alleviating market pressure from excess supplies. Also, active oil rig counts in the

crude and product oil price hedging contract, resulting in the performance to decline from Q1/2017. Nevertheless, performance was better than the previous quarter from the expenses reduction which was

refineries switching to Light grade crude, especially Chinese refineries, which has also lowered purchase of Heavy grade crude due to OPEC’s production reduction that caused the product’s shortage and price

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

management The Board of Directors Meeting No.3/2018, held on March 7, 2018, approve the reduction Cash reserve for operations of the company. Currently, the company has a cash reserve that has been approved in

2018 amounted to Baht 17.1 billion, an increase of Baht 168 million or 1.0 percent from the fourth quarter of 2017, due to a reduction of Baht 445 million or 4.5 percent in interest expenses, mainly from

the fact that last year CTARAF property fund received a special contribution income relating to a reduction in rental fees, whereby the Company received a share of this special income totaling Baht 31.6

various cost reduction initiatives. Reductions in operating costs and general administrative expenses, such as utility cost, certain outsourced services and excessive administrative costs at both business

the loan interest rate to assist customers impacted by COVID-19 pandemic together with more conservative loan approval. However, the bank’s interest expenses dropped from the reduction of the

reduction in lending rates for MLR, MOR, MRR, restructuring made to terms including installment reductions, loan term extension in line with the customer financial ability and other assistance as appropriate