positively, private consumption remained robust through amid still- weak inflation. On 10th July, a new cabinet was formed that should largely see policy continuation; however, given the coalition’s slim

the decrease in fuel consumption. Management Discussion and Analysis For the 1 st Quarter Ended 31 March, 2018 Page 7 3.3 Analysis of Equity As at March 31, 2018, equity was Baht 62,849.62 million

activity in the first quarter of 2018 continued to expand from the previous quarter, driven mainly by the solid growth momentum of merchandise exports and the tourism sector. Private consumption continued to

merchandise exports which continued expand with a growth 13.1% consistent with global demand growth and continual increase in crude oil prices. Domestic demand robustly expanded by private consumption which

boost of the export activities, private consumption and tourism sector. However, the net profit margin was lowered from the increase in selling and administrative expenses while gross margin stay flat

central bank is likely to keep interest rates low for the foreseeable future. Economic indicators for June and the second quarter of this year suggested an expansion in private investment and consumption

popularity due mainly to changes in people’s lifestyle as well as the shift in media consumption towards online and digital. In the past, people received their news, information and advertising mostly in their

second largest polyester market in the world after China, with consumption growth at 7% per year. This strategic investment will provide IVL a fast track entry into the high potential Indian market as

is the second time in 1 years while the government’s consumption still growing lower continuously, due to Thailand’s budget for fiscal year 2020 was not announced. Filter Vision Public Company Limited

prices as well as the decline in public and private consumption. The tourism industry, especially in the hotel, transportation and restaurant businesses, was hard hit by the impact of COVID-19 outbreak