than in 2017 which mainly supported by acceleration of global economy growth. Moreover, expansion in private consumption, export growth, and private investment from last year was due to higher consumer

2018 primarily due to the US-China trade war and global uncertainty contributed negative impact on export growth. The growth of credit card business in Thailand continue expansion due to overall economic

economy in Q1/2019 moderated from previous quarter. The global demand weaker from protectionist trade policies between the US and China, which effected to export sector, industrial sector and tourism sector

stations’ columns, and full commercialisation is expected to start in 3Q 2019. Lightboxes at Surasak station LED Screen at Chit Lom station MALAYSIA • Currently, VGI Global Media (Malaysia) Sdn Bhd (“VGM

and environmental responsibility as well as sustainable development. As a consequence of global economic situation and economic downturn in the country, the real estate sector has continuously been

2 PPAs with EGAT of which qualified for the PPA extension and replacement for another 25-year period according to the outcomes of the National Energy Policy Committee’s Meeting on 24 January 2019

institution, enabling us to cope with possible economic fluctuations in a timely manner. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in 2017 and

โดยเฉลี่ยในรอบปีบญัชีไม่น้อยกว่า 80% ของ NAV ซึ่งบริหาร จดัการโดย Carne Global Fund Managers (Ireland) Limited • กองทุนหลักจะลงทุนอย่างน้อย 2 ใน 3 ของมูลค่าทรัพย์สินสุทธิในตราสารทุนและ/หรือ หลักทรัพย์

Global Aggregate Index hedged in USD) โดยค านวณตามช่วงเวลา Performance Period เร่ิมตัง้แต่วนัที่ 1 มกราคมและสิน้สดุวนัท่ี 31 ธันวาคม ของทุกปี ซึ่งจะทยอยรับรู้เป็นรายวนั และเรียกเก็บเป็นรายปีเมื่อสิน้สุด

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3/2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED 0 THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion & Analysis