in manufacturing activities. Nonetheless, Thailand’s recovery has gained a firmer ground with tourism-related sectors benefiting from China re-opening its border faster than expected since the

economy, supported by increased stability, government stimulus, and tourism recovery, despite weaker consumer sentiment, lower private investment, and flood. AIS reported core service revenue of Bt40,799mn

war between the US and China caused demand to lower within the air transport and tourism industries. Jet (Kerosene) and Dubai crack spread (IK/DB) in 2019 averaged at 13.73 $/BBL, a decline of 1.65

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through

-hours in 2017. A growth of electricity consumption was mainly driven by the expansion of economy and thriving tourism. As for economic outlook in 2019, National Economic and Social Development Board

tourism sector, which is a key driver of the Thai economy in recent period, grew moderately owing to the growth in the number of tourists of most nationalities; especially tourists from ASEAN countries. For

sector on export competitiveness. However, the tourism sector continued to expand mainly thanks to an increase in the number of tourists of most nationalities; especially tourists from China, India, and

economy continued to expand. The main growth drivers were continued expansions in merchandise exports which expanded in various product categories and export destinations, and the swift recovery in tourism

to expand. The main growth drivers were continued expansions in merchandise exports which expanded in various product categories and export destinations, and the swift recovery in tourism sector