AIRLINE South Korea, Vietnam, Philippines, and Indonesia (Source: Business Outlook Report, Bank of Thailand). As for European market, the main contributors, including the UK, Russia, and France, was

China, following the boat accident in Phuket, and Russia, following the sanction imposed by the US, and last but not least, 4.) other supporting factors, namely public investments driven by state-owned

which were 12.1 and 12.0 percent respectively. In addition, European tourist grew only by 2.4 percent. In additional, most of tourist from Europe declined but the tourist from Russia had growth about 8.5

decline in oil demand. With Russia not agreeing to the aforementioned proposal, Saudi Arabia retaliated by recanting its measures to limit oil production of the OPEC group, and announced that it would be

(enhances market share in personal hygiene and establishes fiber manufacturing footprint in Russia and India), Kordarna (propel IVL to the Number 2 global position in tire cord business and strengthens its

capacity ratio which was enforced since the 1st of April, 2017, leading to lowered supplies. Moreover, Russian refineries’ upgrading capacity since 2016, led to lowered production and export from Russia. In

Iran nuclear agreement they had with various global super powers i.e. the United Kingdom, Russia, France, Germany, and China; at the same time announcing trade sanctions on Iran, this factor alone would

, with pressure from the OPEC and Non-OPEC countries led by Russia which jointly agreed to lower production, and additionally by the effects of the new US sanctions on Iran, which obligated Iran to lower

imports from Russia through the Druzhba pipeline, capable of transferring 1 million barrels of oil per day, due to contamination to the crude oil. Thus, necessitating the purchase of light sweet crude as

and the eruption of an oil price war between Saudi Arabia and Russia, there were rising fears that the economy would plunge into deep recession – a signal of an imminent economic crisis. Given this