strong performance in 1Q 2018 gives us confidence in our objective to achieve a 45% EBITDA growth target in 2019 over 2017 that we announced earlier this year with the existing business and the ongoing
stemmed from the relocation of the manufacturing base of hard disk drive to Thailand earlier. Meanwhile, public spending in capital expenditure slightly declined from the high base of last year. For export
various segments, the Bank in-house research has revised the Thai economic expansion for the year 2018 to be 4.2% from earlier projection of 3.8%. Despite the improving economy, there are challenges ahead
expansion for the year 2018 to be 4.5% from earlier projection of 4.2%. Despite the improving economy, there are challenges ahead namely 1) Structural changes in Thai economy, particularly high level of
equipment in line with the import of capital goods which partly stemmed from the relocation of the manufacturing base of hard disk drive to Thailand earlier. Meanwhile, public spending in capital expenditure
mandatory tender offer as mentioned earlier. As a result, there is a possibility that the Bank may acquire up to 100% of the total issued and sold shares of Permata through a mandatory tender offer as
burden of SME and consumers and increase liquidity in the markets and to further support the fiscal measures that have already been introduced earlier. For 2020, the Thai economy is projected to contract
and increase liquidity in the markets and to further support the fiscal measures that have already been introduced earlier. 3 For 2020, the Thai economy is projected to contract significantly due to (1
million or 52.5%, following the temporary closure of most Index Living Mall stores to prevent the spread of the COVID-19 as earlier explained. Revenue from rental and rendering of services decreased by
customers in response to the macro low spending environment . The starting price was lowered to Bt399/Month for 100Mbps from Bt599/Month a year earlier; therefore, industry ARPU was on declining trend