to a stronger growth of trading partners’ economy, and in terms of prices on the back of rising global crude oil price. Tourism sector continued to expand, private consumption gradually increased

Thai economy in the first quarter of 2018 continued to grow from the previous quarter, corresponding with the world economy. The expanding of the exporting industry, tourism industry, and government

2018 continued to grow from the previous quarter, corresponding with the world economy. The expanding of the exporting industry, tourism industry, and government investment are main supports. The

remained constant yoy even though Baht currency continued appreciation. • Hotel Management Revenue from hotel management business reported Baht 100 million in 3Q19, increased by 58.8% yoy and Baht 280

revenue remained constant yoy even though Baht currency continued appreciation.  Hotel Management Revenue from hotel management business reported Baht 100 million in 3Q19, increased by 58.8% yoy and Baht

) measured at amortised cost  Adoption of TFRS 16 requires the recognition of right-of-use assets and lease liabilities Overall market environment The Thai economy for 1Q20 continued on a declining trend

during the COVID-19 pandemic dealt a severe blow to businesses and private sector employment. Only public spending continued to sustain the Thai economy. Regarding the Bank of Thailand’s monetary policy

remained sound as banks continued to closely monitor credit quality and maintained high levels of loan-loss provision, capital fund and liquidity to facilitate further credit expansion. Credit Rating LH

Industry In the first quarter of 2021, Thai economy continued to contract when compared to the same period last year, due to the new wave of the COVID-19 outbreak and containment measures strictly

financial reporting standards. Overall market environment The Thai economy for the first quarter of 2020 continued on a declining trend comparing to last year due primarily to the COVID-19 outbreak which