tax cut packages and accommodative fiscal policy. Broadly speaking, both developed and developing economies, excluding China, showed signs of improvement in concert. Looking forward, the global economic

returning value to our shareholders”. 2. Outlook In 2018 as a whole, the Thai economy expanded 4.1%, +4.0% year-on-year and looking ahead, the economy is expected to continue growing at a robust pace in 2019

172 buildings), achieving the year-end target to acquire 10 additional office buildings ahead of schedule. The Group also benefited from the ongoing momentum in the Outdoor media segment, which saw

revised upward the 2017 global economic projection to 3.7 percent, and projected that the world economy may see even brighter growth of 3.9 percent in 2018. Looking forward into 2018, economic activity

, private consumption growth turned out to be stronger than expected, boosted by car sales which had accelerated since late 2017 after demand for car purchases was brought forward in response to the 2012-2013

% -22% Gain (loss) from crude and product oil price hedging contract 1 46 (73) N/A -259% Gain (loss) from foreign currency forward contracts 37 17 - N/A N/A Gain (loss) on foreign exchange 271 227 172 -37

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

forward, any improvement in the global economy will mainly hinge on the above factors. As a result, several central banks are expected to maintain their accommodative stance. Even though the Federal Reserve

of Things (IoT) will make security systems more vulnerable to cyberattacks. Looking forward, cyber security risk will remain critical in line with an increasing volume and value of economic and