top 4 brands having an average TSS growth of 5.8% YoY. While achieved Same-Stores-Sales (SSS) growth of 1.9% YoY with the top 4 brands and the remaining 7 brands having an average SSS growth of 1.8% YoY
waiver until the end of April 2019 ; and 3.) other supporting factors, namely government subsidy to the low-income citizens to stimulate near-term consumption, as well as strong investment outlook in
“Stable outlook”. On February 19, 2020, Fitch Ratings Inc. downgraded the company’s rating from AA- (tha) to BBB+ (tha) with a stable outlook and withdrawn the Rating Watch Negative. 1.5 Annual General
customers in Bangkok. 1.4 Company’s credit rating On February 17, 2020, TRIS Rating Co., Ltd. rated the company for the first time on the Standalone basis at “A-” with a “Stable outlook”. On February 19, 2020
developments warranted a close watch, particularly in US politics, which were a drag on the implementation of economic stimulus measures and tax reform. In addition, Britain’s economic outlook was obscured by
outlook still have some challenges with some uncertainties especially from the external factors such as trade protectionism measures between US and China, the increasing economic outlook of China and major
Environment 1 1.1 Global and Thai Economy in 2019 and Outlook for 2020 1 1.2 Banking Industry, Competition and Emerging Risks 2 1.3 Significant Regulations and Rules related to Business Operations 5 2. Risk
percent, remaining sufficient to cushion against risk, and greater than the Bank of Thailand’s requirements of 11.50 percent and 9.00 percent, respectively. All of the above endeavors and satisfactory
system. However, at its meeting on March 25, the MPC resolved to maintain the policy interest rate at 0.75 percent, as the economic and inflation outlook was consistent with its assessment at the special