contraction was -3% vs Q1 2019. This will be much worse in Q2 with a double-digit contraction, and on annualized basis, the IMF forecast for Thailand is now -6.5% in FY 2020 with a bounce back expected in 2021
51.99 million or 94.31% Impact from the COVID-19 pandemic The COVID-19 pandemic has affected Thai economy an early on February 2020, which likely cause a continued changing and dispersed forecast of the
impacted by the situation. Which many departments and many research agencies have forecast that gross domestic product will shrink by more than two digits. In additional it will affect the operating results
keeping the income not less than 10 percent of the model forecast, reducing or postponing unnecessary spending and slowing down the investment by focusing on the return of investment and low investment
pandemic has affected Thai economy an early on February 2020, which likely cause a continued changing and dispersed forecast of the GDP growth in the year of 2020 as well as how and when the economic
881 Website: www.aapico.com Management Discussion and Analysis for the 1st quarter of year 2022 4 In 2022, the Federation of Thai Industries (FTI) forecast the car production to be at 1.8 million units
: www.aapico.com Management Discussion and Analysis for the 1st quarter of year 2023 4 In 2023, the Federation of Thai Industries (FTI) forecast the car production to be at 1,950,000 units or increased by 3.7% from
cost was due to the ability to maintain low financial cost as well as the Company’s policy to manage liquidity risk and interest rates fluctuation risk by mainly locking in long-term borrowing, which is
2019. (2) Two self-manage hotels in Thailand, operate under independent branding, namely, Phi Phi Island Village Beach Resort located on Beachfront of Phi Phi Don Island in Krabi and Santiburi Hotel
(HDPE) pipe installation service and water management. On 4 January 2019, the Company purchased 100% of share of WIIK PT Company Limited (“WPT”), a subsidiary that has right to manage the water