economic conditions is expected to continue to grow, but with three headwinds namely 1) the economy which has not been sufficiently broad-based from weak domestic demand. If factors namely rising inflation
recovery. For 2018, the Thai economic conditions is expected to continue to grow, but with three headwinds namely 1) the economy which has not been sufficiently broad-based from weak domestic demand. If
outbreak. In 1Q20, overall economy was largely affected by the coronavirus disease (COVID- 19) outbreak globally, including the Thai economy, resulting a deep economic deceleration throughout the year. Thai
of Chinese tourist arrivals totaled 9.7 million, still exhibiting a growth of 7.9% from last year. The Thai economic growth for 2019 is expected to decelerate, with the main drivers namely export and
/DB) in 2018 averaged at 10.57 $/BBL, a decrease of 4.28 $/BBL when compared to 2017, due to pressure from decreased oil demand in China. A result of their economic slowdown, and a shrink in car sales
the economic conditions at the time and current cash collection efficiency. As of 31 December 2019, BAM has net book value of loans purchased of Baht 77,374.66 million against appraisal value of NPLs at
categories due to the unusual economic situation in the current year. 1.2 Other income Other income consists of interest income, gain from asset sales and revenue from scrap sales. For the period of three
situation has been considered a major factor causing the global economic slowdown and affecting the society as a whole. It also caused a global semiconductor shortage crisis, which is another factor that
Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018
, driven mainly by exports sector, private consumption, government spending and investment. In the fourth quarter, Thai economic growth is expected to be driven by government initiatives such as Low-income