the previous year due to lower number of seminars and meetings held by both public and private organizations. Both hotels, however, also posted higher average room rates. On December 1, 2017, the CPN
negatively impact export and investment 3) Less surplus of Thailand’s current account due to rising oil price from geopolitical risk especially in the Middle East and 4) Normalizing of interest rates
previous year. Centara Udonthani Hotel, meanwhile, saw its average occupancy rate dropped to 73% from 76% in the previous year. Both hotels, however, also posted higher average room rates. On December 1
current account due to rising oil price from geopolitical risk especially in the Middle East and 4) Normalizing of interest rates, reflected from the Bank of Thailand (BOT) signal in considering the
US$ and therefore the Company believes in helping its readers with translated US$ figures. The Company’s reporting currency is THB. THB results are translated into US$ at the average exchange rates and
rates during 1Q20. Interest expense totaled Baht 1,301 million, a decline of 6.1% yoy, with cost of funds declining to 2.0% for 1Q20 comparing to 2.3% for 1Q19 from effective cost management in line with
Asian central banks reduced their policy rates continuously. Looking domestically, Thailand’s economic activity in many sectors declined in line with the overall global economy. The tourism sector in
management from capital increase from IPO. Comprised decrease of interest rates of loans from commercial bank since the fourth quarter of 2019. Additionally, bank also cut MLR rate in the first and the second
, whereas the European Central Bank and the Bank of Japan may opt for tapering of their quantitative easing stance. Against this backdrop, interest rates in several countries are likely to be on an upward