16 times more than the target, where 35 projects were finally selected with total capacity of 155 megawatts. The phase 2 of Biogas projects (waste/wastewater) in the area of Pattani, Yala or
million, declined from the wind power plant business being affected by seasonal factors, while the geothermal power plant recorded a decrease in profit from one-time financial expense for debt refinancing
improved from the same period of the previous year by THB 15 million, as it was a high season in Q1/2019, resulting in the increased wind speed within the project’s area. Management Discussion and Analysis
depressions in farm income and high level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy
consumption and impair household debt serviceability and (5) the sluggish investment demand due to uncertain macroeconomic outlook, tightening credit conditions, and the delays in government budget process. For
2,122,948 1,415,904 707,044 49.9 Impairment loss on loans and debt securities 75,482 1,010,589 (935,107) (92.5) Profit from operating before income tax expenses 2,095,369 1,968,321 127,048 6.5 Income tax
may lower farm income and 4) on going high level of household debt limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first five months of 2019 still
high level of household debt limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first six months of 2019 still showed an expansion with sales for the
namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could