Baht 30-Sep-19 31-Dec-18 Total Assets 28,635 30,632 Total Liabilities 19,001 20,532 Total Equity (911) 172 Minority 10,545 9,928 Gr ou p HR C Gr ou p Management Discussion and Analysis Quarter 3 Ending

continued to grow with driving force of the export of goods grew better and more thorough. And the tourism sector continues to expand. Meanwhile, the government investment slowed down somewhat after

Ministry has introduced B10 biodiesel as the mandatory diesel in Thailand, replacing B7 biodiesel at the beginning of 2020. Furthermore, the Government has been subsidizing B10 and B20 retail prices, making

. These matters are being taken up by the Steel Associations and with the Government at various levels and the Government are taking steps to address the issues. Significant steps are – • The announcement

of recovery due to interest rate cuts and increased government budget disbursements. Additionally, the launch of the iPhone 16, featuring Apple Intelligence, which introduces a revamped camera control

long run.       Sombat Naravuthichai, GPF Secretary General said that ?Government officials nationwide have trusted the GPF to manage around 630,000 million baht of assets. The GPF totally agrees with

with low traveling demand and cooperated with government orders as well as the announcement from Civil Aviation Authority of Thailand (CAAT) regarding to COVID-19 spread out situation. As a result, for

listed securities to be deposited by a client as collateral for purchasing securities, or a client’s excessive assets held in a margin account in proportion to the purchasing value of any securities prior

for procuring 5 electricity from renewable sources of the government sector. The Group were selected to participate in the projects for procuring electricity from renewable sources, specifically ground

and unemployment problem as improve from the government measure, such as ameliorate cost of living. In particular, the adjustment to the minimum wage in past. As a result in the year 2018, the Group has