through to the domestic economy. The downturn in the goods-producing sector intensified, while agricultural output continued to fall amid a lingering drought. Consequently, annual private consumption growth
adoption which we expect 5G devices to remain in the high-end segment but growing quickly to mid- tier toward beginning of 2021. Downward pressure on revenue due to COVID-19 impact and drought The gravity of
. Meanwhile, farm income declined due to a more-severe-than expected impact of the drought. The Bank of Thailand reduced Thailand’s economic growth projection for 2020 to contract 5.3% (as of March 2020
Analysis | 2 Executive Summary In 1Q2018, Domestic palm oil production has increased as well as in other countries after the drought occurred in FY2016, consequence to lower Crude Palm Oil(CPO) prices and
electricity in Bang Pakong Power Plant, Chachoengsao Province. Until the end of 4th quarter of 2019 (November), palm fruit and CPO prices began to increase due to most of the arable land faces drought
in year 2020, Thai businesses will be confronted with various problems including stronger Thai currency, drought crisis, increase of minimum wages and current epidemic disease, which are factors
situations. Another factor of economic slowdown was the drought directly affecting agricultural products as well as their decreasing prices, causing the decrease of the domestic market’s main purchasing power
from quarter 1/2017 Adjusted EBITDA of Baht 345 million. In quarter 2/2017, domestic and regional palm production rose from quarter 2/2016 and rose from quarter 1/207 mainly due to the end of drought