transfer of ownership in residential units to customers, which CPN began to record the sales from 2018 onwards. In 1Q18, revenue from sales stood at THB 216 mn, which primarily represents a partial transfer
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
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gradual increment of rig counts being used in the US; leading to concerns that supply reduction measures that producers have elected to follow, will not be able to curb market excess supply. On the other
possibility of an extension of the oil production reduction policy that originally was due to end in March 2018, along with the supply concerns that arose with Kurdistan’s referendum to separate from Iraq which
oil price is further backed by concerns over supply after the replacement of the US Secretary of State, creating tension that the US may revisit its sanction policy on Iran with respect to the country’s
external factors were mainly from lower than expected domestic economic growth, consumer’s cautiousness on sugar consumption as well as concerns over the global economic situation impacted by trade war
confidence coupled with the already high household debt level. Nevertheless, the non-durable goods increased partly from the rush in purchase of consumers goods due to the concerns on the COVID-19 outbreak
. Nevertheless, the non-durable goods increased partly from the rush in purchase of consumers goods due to the concerns on the COVID-19 outbreak. Private investment continued to contract in all investment
pressure during the low season and flood impact, temporarily boosting purchasing power and alleviating some local concerns. The mobile industry maintained positive sentiment despite the low season, along