to maintain liquidity. Public expenditure was affected by the delayed enactment of the Annual Budget Expenditure Act B.E. 2563. The government is also reallocating parts of its budget to mitigate the

for consumption to decelerate. Government investment expanded as a result of the disbursement for mass transit and telecommunication projects, while private investment, in spite of signs of improvement

contracted. In 1Q2020, hospitality business of Singha Estate Public Company Limited (“the Company”) was also significantly impacted by COVID-19. Essentially, government announced the lockdown measure to

percent. The favorable global economic conditions will continue to support exports and tourism, resulting in positive spillovers to investment in related sectors. At the same time, government spending is

. On the domestic front, elevated household debt remains a constraint to purchasing power. In the meantime, domestic political situation also warrants monitoring as the government is preparing for an

.Government agencies bond Government agencies bond 30,800.00 1.Domestic Offering Domestic Offering 30,800.00 1.Thai Government agencies Thai Government agencies 30,800.00 1.Short-term Debt Securities Short-term

-Listed Companies Non-Listed Companies 2.Government agencies bond Government agencies bond 1.Domestic Offering Domestic Offering 1.Thai Government agencies Thai Government agencies 1.Listed Companies Listed

priority rule ? extend the subscription limit for organizations managing investment for individuals. The proposed revision would apply to the Government Pension Fund, the Social Security Fund, provident

such as rubber and palm, weighed on household purchasing power. In response, the government approved Baht 84.2 billion in December to help support domestic spending. At the same time, private investment

| - |- Public Holidays | - |- Cooperation with Government Agencies | - |- Others