, its growth projection for 2019 was revised downward to 3.5 percent, in line with slowing global trade volume and the risk of the UK leaving the EU without formal agreements. Meanwhile, developed and
Ventures Public Company Limited for the first quarter of 2019 (Revised) We are pleased to submit: 1. Consolidated and Company only Quarterly Review Financial Statements for the first quarter of 2019 (a copy
housing loans as most borrowers rushed to submit their loan applications before the effective date of the revised Loan-to-Value (LTV) measures on April 1, 2019. Demand for auto-leasing declined in line with
in budget disbursement. As the momentum from the above mentions, the Thai economy in 2018 was expected to continue expanding which the Bank of Thailand revised up the growth forecast to 4.4 percent (as
and cash flows, in line with our guidance in recent years, and expect this momentum to continue in the quarters to come in 2018 and 2019. Indorama Ventures 2nd Quarter 2018 MD&A 12 Revised EBITDA
ASIA’S BOUTIQUE AIRLINE Notable Events Airline Business 1. In 2019, the Company has revised flight frequencies due to passenger seasonal demand and has increased flight frequencies, operated new routes
Thailand. The Bank of Thailand revised down the projection of overall economy for 2020 to contract 7.8% (as of September 2020) from the earlier forecast of 8.1%. But the fragile labor market, uncertain
year. The Bank of Thailand (BoT) also upgraded its GDP growth forecast for this year from -8.1% YoY to - 7.8% YoY. However, it revised down next year’s forecast from 5.0% to 3.6% (vs. our forecast at 3.4
positive following sovereign outlook in April 2020. On April 2, 2020, Fitch Ratings revised BBL’s ratings due to large-scale economic disruptions from the Covid-19 pandemic. Details of the Bank’s credit