decline is also partly due to the high base of last year. Public spending excluding transfers also declined from acceleration in disbursement during last year. Nevertheless, private consumption remains the
1 1Q20 MD&A Advanced Info Service Plc. Executive Summary Impact from the COVID-19 pandemic The COVID-19 pandemic has affected Thai economy as early on in February, particularly from the contraction
Lime special in multiple ways. First, this three month period saw in the last decades unprecedented contraction in economic output worldwide, due to Covid-19, and while Thailand was largely spared from
tends to contraction more than expected. The decreased domestic and foreign demand resulted in a strong contraction in private investment and it also still contracted in almost all components except
costs such as SG&A, financing costs, and other costs. Thailand economic situation in 2020: the Bank of Thailand revised up its growth forecast for this year to 7.8% contraction, from its previous forecast
, higher in compared with selling expenses ratio of 1.89 percent of sale and service in the same period of the previous year. This higher selling ratio was mainly due to contraction of sale by 15.7% in the
quarter was more slowing down, with exports continuing to contract following the slowdown in the counterpart economy. This is resulting to contraction in imports of goods, industrial production and private
decline of 6.14 $/BBL or 10% compared to previous year. This has led to performance from 2018 to 2019 of the refinery industry, including the company’s, to decline. In 2019, the company and its subsidiaries
affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and