. Nevertheless, merchandise exports are expected to improve on the back of a modest global trade recovery due to recent progress in the US-China trade negotiations. World trade volume growth is forecast to improve

National Reform Committee was established to help set a new platform for Thailand’s future economic and social development. Economic Outlook for 2018 In 2018, the Thai economy is forecast to grow by 4.0-4.5

operation of water supply in Phuket and Phang-Nga, and forecast investment budget and seeking contractor to preparation in the project area for reservoir and plumbing along the road to support the water

of an entity issuing capital market product and various business risks and [ii] analyzing past and present performance so as to forecast future performance. “ technical analysis ” means an analysis by

risks and [ii] analyzing past and present performance so as to forecast future performance; “ technical analysis ” means an analysis by [i] using historical price and trading volume of capital market

million January – March 2020 (Actual) April – December 2020 (Forecast) 2020F 2021F 2022F 2023F 2024F Inbound 6.84 25.00 31.84 33.53 34.99 36.52 38.13 Outbound 1.46 3.06 4.52 7.49 9.18 9.79 10.46 Other

. Thailand economic situation in 2020: the Bank of Thailand has recently downgraded the forecast of Thailand's full-year economic outlook to a 8.1% contraction due to impacts from COVID-19 pandemic. The

related industrial factor, including managerial direction of an entity issuing capital market product and various business risks and [ii] analyzing past and present performance so as to forecast future

risks and [ii] analyzing past and present performance so as to forecast future performance. “technical analysis” means an analysis by [i] using historical price and trading volume of capital market

distribute water supply to some part of Phuket and Phang-Nga. Currently, GS and HYDRO has applied for license that associated with operation of water supply in Phuket and Phang-Nga, and forecast investment