in tourism and export. The partial lockdown mandated in the last week of March resulted in a more pronounced slowdown in economic and business activities. Telecommunication sector was affected from
support of investment and private spending as well as bolstering opportunities for other economic sectors. Nonetheless, protectionism triggered by the US-China trade dispute dealt a blow to global economic
esthetics. 2. Overview of operating results in the Quarter 2’2019. Continued from the first Quarter of 2019 until second Quarter, the world economic still be tense from political crisis in many country and
gradual easing of the lockdown in May, economic activities however are still in contraction in every sector. This is especially true for the tourism sector which suffered the greatest hit from border
, while implementing the plans that least affected the welfare and morale of the employees. The Company expects to reduce costs and expenses by 20% in 2020 compared to 2019. The Company foresees the
international Climate Bond Initiative. The proceeds from the issuance of the Debentures will be used to repay corporate loan, refinance existing corporate debts and project finance to reduce interest rate and
regulations to remain only those necessary and consistent with current situations. These efforts aim to strengthen business sectors’ competitiveness, and reduce operating costs of private sectors and burdens
Page 4/22 Economic Overview and Competition among Commercial Banks In the first quarter of 2020, Thai economy highly contracted from the same period last year as the COVID-19 pandemic has caused
2018. This was a result of a decline in merchandise exports owing to the economic slowdown of trading partners affected by trade protectionism and the impact of structural changes in the manufacturing