and forecasted that it would take at least 5 to 6 months for the tourism sector to slowly recover. The sign of recovery is expected to be evident at the end of May or the beginning of June. In response
primarily due to higher pipeline inventories and some indirect impact of US-China trade disputes. Huntsman (Spindletop) assets purchase is our largest and most strategic acquisition to date and on track to
. Project Olympus is on track and will bring in US$76M run rate cost savings in 2020. We decided to remain focused on our 5 strategic priorities as these will help us build sustainable advantages for the
and business opportunities in each individual sector and area across all industries. In parallel, we focused on the development of technological solutions with the aim of becoming “Customers’ Life
of Thailand and NESDB, overall Thai economy in 2017 expanded by 3.9%, higher than 3.3% growth in 2016. This was mainly from acceleration of private consumption, export sector, and private investment in
revenue decreased 169.9 MB or 13.3 percent. This is because there are quite a few projects from the governmental sector in 2018 and those projects were delayed. The total operating expenses in the Q4-2018
from 2.3% in the second quarter of 2019, mainly driven by expansion of private consumption, government spending and tourism sector. Meanwhile, exports sector continued to contract caused by uncertainty
% from 2017. This was mainly due to the decline in sales of the Power Electronic business group, especially sales of power supplies for the automotive (Electric Vehicle Solutions) sector which dropped down
downturn in the goods-producing sector intensified, while agricultural output continued to fall amid a lingering drought. Consequently, annual private consumption growth moderated, while business and
export sector. In addition, the household consumption expanded by 3.1%, compared with 2.2% in the previous year, which was supported by the government stimulus measures at the end of 2016. The Thai economy