strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816
temporary suspended. Private consumption contracted as a result of weakening purchasing power and high household debt. Government have implemented financial relief measure to help those affected by the COVID
lockdown in many countries around the world including Thailand. But the negative impact on domestic consumption, manufacturing and export sectors persisted in this quarter, despite improvement from the
20% from the 1st quarter of 2020 due to the impact of the COVID-19 virus epidemic, the logistic and transportation have decreased. As a result, the overall diesel consumption of the country in the 2nd
as the country's standard diesel fuel. So, the revenue from sale of biodiesel is increased by 201.45%. However, growth in biodiesel consumption has not been as predicted as the impact of the
biodiesel sales volume has dropped due to the impact of the COVID-19 epidemic. As a result, the overall diesel consumption of the nation in the 2nd quarter of 2021 has decreased. ▪ Edible Oil’s Quantity sold
, which affected by the COVID-19 pandemic causing the government to extend the period of the emergency decree further, together with entering the rainy season. Moreover, the demand for biodiesel consumption
, private consumption growth turned out to be stronger than expected, boosted by car sales which had accelerated since late 2017 after demand for car purchases was brought forward in response to the 2012-2013
due to lower consumer confidence and overall consumption. Demand for housing loans also fell, especially low-rise housing. Going forward, financial institutions expect increasing demand for loans from
consumption from government subsidy to the low-income citizens and local tourist promotion. Meanwhile, internal and external factors that affect the Thai economy are the inconclusive trade war between the US