%, compared to a growth of 1.5% in the previous quarter, according to data from Bank of Thailand and NESDB. This was mainly from contraction of export sector due to sluggish demand in the global market, oil
for the first quarter ended 31 March 2020 (reviewed) as follows: Performance Overview Following the Coronavirus 2019 (COVID-19) pandemic that was severely impacted the global economy, including a
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
127.49 million (Weighted-average Interbank Exchange Rate at THB 31.873 per USD as of 28 March 2019) as a facility for Standby Letter of Credit (“SBLC”) in order to be used as security for a Letter of
2018 primarily due to the US-China trade war and global uncertainty contributed negative impact on export growth. The growth of credit card business in Thailand continue expansion due to overall economic
than in 2017 which mainly supported by acceleration of global economy growth. Moreover, expansion in private consumption, export growth, and private investment from last year was due to higher consumer
. CITIGROUP GLOBAL MARKETS LIMITED 8. COMMERZBANK INTERNATIONAL S.A. 9. CREDIT SUISSE AG SINGAPORE BRANCH 10. CREDIT SUISSE INTERNATIONAL 11. DEUTSCHE BANK 12. DEUTSCHE BANK AKTIENGESELLSCHAFT (DEUTSCHE BANK AG
period last year, especially in the tourism sector. However, exports and private investment – two major economic drivers – continued to slow in line with the sluggish global economy and trade volume amid
support of investment and private spending as well as bolstering opportunities for other economic sectors. Nonetheless, protectionism triggered by the US-China trade dispute dealt a blow to global economic