specific law which are not persons under (9); (7) Bank of Thailand; (8) International financial institutions; (9) Government agencies and state enterprises under the laws on budgetary procedure; (10) The

was negatively impacted by an unexpected event in Malaysia, where a government-linked sector that is one of our major clients in airport advertisement has cut back its spending due to the country’s

project values than the previous quarter. This was partly due to the expansion of government investment expenditures regarding the distribution of transportation agencies. Many IT projects have been

significant impact on economic activity in the second quarter of 2020. As the outbreak has intensified the government has been implementing stricter measures to tighten control over the pandemic, causing severe

tourism as a result of travel bans together with weak domestic consumption that has started since the last quarter of 2019 has led After You to slowdown major branch expansion and concentrate more on

restriction measures limiting business activities while government offered some subsidies that partially supported consumer purchasing power. Restrictions were gradually relieved beginning September including

discount campaign for the Hi-Premium diesel. The latter was to support the government sector’s promotion of environmentally-friendly fuel to dissipate the pollution situation, and at the same time, support

borrowers’ income and expenses and the requirements of commercial banks’ relevant procedures. Therefore, debt quality imporvement may lag ongoing economic expansion. Last but not least, several government

of continuous expansion of Thailand’s economy. This is mainly driven by export sector, which enables to be well expanded including with gradual recovery of domestic economy significantly driven from

growth; 2.) slow pace of growth in tourism sector which supported by number of tourists from India, Japan, Hong Kong and Malaysia offset an unrecovered of Chinese tourists; and 3.) government subsidy to