experienced moderate growth amid global economic uncertainty, driven by the expansion of private consumption and tourism sectors, while the purchasing power of the grassroots consumer remained challenging. AIS

) Steady growth in private consumption from stimulus packages and recovering agricultural product prices from production expansion and 4) Other supporting factors, such as government spending and other

private consumption in almost every product category, in-line with the improving consumer confidence indicator, with the exception of some agricultural products whose prices remained at low levels, and last

growth in line with improvement in the overall global economy. Moreover, domestic spending enjoyed promising growth, as evidenced by brighter consumption, private investment and public spending. Overall

Authority of Thailand ("MRTA"), both projects are under the Public-Private Partnership (PPP) framework. Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2017 Page 4

kilometers. Both projects are under the Public-Private Partnership (PPP) framework. 1.1.5 Berkprai Cogeneration SPP Project On March 7, 2017, Berkprai Cogeneration Company Limited (an indirect joint venture in

including utility bills and tax campaign which temporarily stimulated the private consumption. Nonetheless, inherent risks lay in structural challenges such as high household debt, delayed government budget

consumption from private sector. However, expenses from the government sector, and tourism industry sector continued to increase, partly benefited from the return of Chinese tourists, and a decline of the

Royal Thai Navy, which under the public private partnership. 6. Bangkok Air Aviation Training Center Company Limited (BATC) and International Air Transport Association (IATA) have signed a partnership

Navy, which under the public private partnership. 6. Bangkok Air Aviation Training Center Company Limited (BATC) and International Air Transport Association (IATA) have signed a partnership agreement on