trading economies, tourism sector continued to expand. As the slowdown in economic momentum, the Bank of Thailand revised down Thailand economic growth forecast for 2019 to 3.8% (as of March 2019); lower
Thailand. The Bank of Thailand revised down the projection of overall economy for 2020 to contract 7.8% (as of September 2020) from the earlier forecast of 8.1%. But the fragile labor market, uncertain
all business sectors. Thai economy has been pressured from weak in tourism sector, consumption, and export sectors. However, Thailand continues easing country lockdown measures phase by phase since May
in budget disbursement. As the momentum from the above mentions, the Thai economy in 2018 was expected to continue expanding which the Bank of Thailand revised up the growth forecast to 4.4 percent (as
99 Surasak Rd., Silom, Bangrak, Bangkok 10500 Thailand Tel 0 2267 1900 Website: www.bam.co.th Investor Relations Email: ir@bam.co.th https://www.bam.co.th/ mailto:ir@bam.co.th 2 Bangkok Commercial
Management Discussion and Analysis For the first quarter ended March 31, 2020 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd., Silom, Bangrak, Bangkok 10500 Thailand Tel 0
government’s emergency decree launched in late March 2020, while others were closed due to plunging demand. At the same time, the Bank of Thailand opted to cut the policy rate and implement additional measures