ahead. Exports for the first eight months of this year fell by 7.8 % YoY. When excluding exports of gold, value of exports declined by 11.8% YoY. The deterioration of exports was seen in almost all
costs were largely in line with expectations as was fuel which will reduce significantly for the rest of the year as a result of lower costs secured on the market. Gross profit +5% was ahead of the same
at full capacity with two shifts in most of plants locally and globally. Looking ahead and based on the forecasts from OEMs, 2021 is expected to be a better year than 2020. Yours sincerely, Mr. Yeap
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
percent and 9.51 percent, compared to year-end 2019 and the same period of last year, respectively. Looking ahead into the remainder of 2020, the struggling economic environment, crippled by the COVID-19
, 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
July and August. Despite the continued improvement in the economy particularly in terms of private consumption, there are still challenges ahead namely 1) Structural changes in Thai economy, particularly
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