the construction of TAIT 12 – a luxury condominium, located on Sathorn Road, soi 12 Management outlook and future projects Since August 2019 until the beginning of 2020, the Monetary Policy Committee

strength as well as effort to maintain monetary return in the eyes of shareholders. Page 3 of 11 Singha Estate Public Company Limited Management Discussion and Analysis 1Q2020 The Company has adopted

downwards the 2020 GDP forecast in their Monetary Policy Report, saying the economy was likely to contract by 8.1%. Although Thailand has successfully controlled the spread of COVID-19 so far, leading to a

last year, with the 9M/2023 average funding cost 2.97%, increasing from 2.64% at the end of last year, due to the announcement of the Monetary Policy Committee (MPC) to increase the policy interest rate

%, increasing from 2.64% at the end of last year, due to the announcement of the Monetary Policy Committee (MPC) to increase the policy interest rate from 0.50% in 2022 to 2.50 as of November 2023 and the rate

received from the capital increase, which will be used for the Company’s business expansion and investment, the Company will be joined by a group of shareholders having experience and capability to assist

expansion and investment, the Company will be joined by a group of shareholders having experience and capability to assist and ensure well and more efficient policy determination, administration and

the monetary policy, at the meeting on December 24, 2019, the Bank of Thailand (BOT) revised the inflation target from a point target of 2.5% with a band of +/-1.5% which has been set since 2015 to a

% from the previous forecast of 4.1%. The Bank of Thailand also maintained the policy interest rate at 1.50% during the Monetary Policy Committee meeting in June. The performance of Central Pattana Public

4) Monetary tightening as the Bank of Thailand (BOT) signaled raising the interest rate in the period ahead while financial market rates are on an upward path. However, the Bank in-house research