shareholders structure is as follows: LH Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2019 Page 3/22 Thailand's Private Sector Collective
Thailand's Private Sector Collective Action Coalition Against Corruption’s Certificate LH Financial Group Public Company Limited, Land and Houses Bank Public Company Limited and Land and Houses Fund Management
even though there was a slowdown in the last month of December 2018 due to decelerating of exporting sector and the world economy, compared with the previous quarter. The revenues from agricultural
consumption from private sector. However, expenses from the government sector, and tourism industry sector continued to increase, partly benefited from the return of Chinese tourists, and a decline of the
from slow investment from private sector and export sector. Additionally, Thailand’s tourism has shown slow pace from a drop in international tourist arrival, especially Chinese tourists (Source: The
that Thai economy will grow faster than the same period last year, reflecting in a higher GDP. Export and tourism sector are the main factors that support Thai economy in the second quarter. In addition
Thai economy in the third quarter of 2018 had a positive trend in line with the expansion of world economy. The continuous growth from export sector and the implementation of advanced technology in
but slower than the previous quarter because of the deceleration of exporting sector and the world economy. Merchandise exports were projected to recover more slowly than expected due to the slowdown in