V3 27/02/63 0 V3 27/02/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2019 In 2019, the Thai economy grew by 2.4 percent year-on-year, down from
)% (40) 17 (328)% Total tax on Inventory gains/(losses) 3 8 (3) (214)% (1) (2) (35)% Net profit, before extraordinary items 93 51 190 (51)% 700 555 26% Add: Non Operational/Extraordinary income/(expense
% Inventory gains (losses) (38) (78) 18 (311)% (40) 17 (328)% Total tax on Inventory gains/(losses) 3 8 (3) (214)% (1) (2) (35)% Net profit, before extraordinary items 93 51 190 (51)% 700 555 26% Add: Non
lowest in the past 10 years. The Company realized its stock loss of 2.75 million Baht from the recording NRV on 31 December 2018. Besides, part of the loss was caused by allowance for impairment of
efficiently on the condition that such outsourcing shall not have a result as if the intermediary does not operate the business. Additionally, the intermediary shall be in accordance with the following rules
) dated 1 August 2017 (effective on 1 September 2017). 4 Amended by the Notification of the Capital Market Supervisory Board No. TorThor. 56/2559 Re: Outsourcing Operational Function relating to Business
increase in minimum wages, local SME projects and agricultural business reform, to support the low-income group. Overall, the Thai economy is on course for a steady year of growth, according to the Bank of
chain disruptions as economic activities in China were put on hold. The disruption of activities in industries affected by the Covid-19 outbreak, combined with the curfew’s curtailing of business
from 3.3 percent in 2016 on the back of rising exports and a robust tourism sector, consistent with a stronger recovery in global demand. Headline inflation rose to 0.7 percent, following higher energy