(COVID-19) in Thailand which affected the overall economy since the government announced various pandemic prevention measures. However, after the widespread and situation in Thailand became controllable
referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business
clients and orders due to higher demand for cars and new businesses from closure of financially challenged competitors due to Covid-19. 2) Dealership business; Stronger sales of both dealerships in Thailand
appreciation. Private consumption grew at a slower rate than in the first half of the year, especially spending on durable goods in line with a contraction in domestic vehicle sales. In response, the government
the following factors: 1) gradual relaxation of COVID-19 epidemic control measures and progress in vaccination 2) the impact of outstanding demand from the previous quarter and 3) government policies
. Government enforced fully lockdown with varying degree of restriction within the 2Q causing significant economic impact. For telecom, new subscriber acquisition as well as handset sale remained weak while
government stimulus measures may affect the increased demand for hot rolled steel in the same direction of public utility budget. 3. Performance of the Company Operating results The Company reported a net loss
vehicles demand locally and globally. However, due to the open up of the economy in most part of the region, INGRS have resumed our Malaysia (5 May 2020) and India (14 May 2020) operations after the
to the accounting standards as specified by a professional institution approved by relevant government authorities and in accordance with additional regulations specified in the notification of the SEC.