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
brighter investment outlook, and ongoing growth in tourism. At the same time, the real estate and construction sectors grew modestly, with expansion seen only in certain areas. Likewise, consumption fared
circumstances, the Bank of Thailand lowered the Thai economy growth outlook in 2019, from 3.3% to 2.8%, the policy rate cut to 1.25% to balance the economic growth momentum and the stability of the financial
Banking In the third quarter of 2019, the Thai economy expanded at a rate lower than projection and below its potential. When excluding gold, the value of merchandises exported continued to shrink owing to
of 2018, close attention was paid to uncertainty surrounding US trade policy with its major trade partners, especially China. Most recently, the World Economic Outlook of the International Monetary
the Middle East No. 1/2026. The meeting aimed to monitor developments in the ongoing conflict in the Middle East and assess potential impacts on Thailand across various dimensions. The meeting was
liquidity ratio was 1.35 times. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.09 times. 2019 Outlook 2018 was the final
businesses have potential and capability to go public but yet to do so. Perhaps, lack of sufficient knowledge and understanding about fund raising through the capital market is one of the obstacles. To support
) baa1 baa2 baa2 Outlook Positive Stable Stable S&P Global Ratings Long-term Issuer Credit Rating BBB+ BBB+ BBB+ Short-term Issuer Credit Rating A-2 A-2 A-2 Senior Unsecured Debt Instrument BBB+ BBB+ BBB