increase of domestic production and inventory level of crude palm oil, the government decided to increase the biodiesel mandate from B5 to B7 on May 8, 2017. More than that, seasonal impacted to higher yield

Bt33,822mn of cash CAPEX to enhance 4G capacity and increase fixed broadband last miles. Following the government’s announcement of tax incentive program, AIS recognized a YTD tax benefit in 3Q17 amounting

Business Operation For the year ended 31st December, 2017 http://www.google.co.th/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjD7_TkjpnTAhUWTo8KHY7JB7MQjRwIBw&url=http

amid high household debt, whereas public investment and the government’s budget disbursement were affected by a delay in the formation of a new government. Nevertheless, economic stability remained sound

, country lockdown, temporarily ceases some business activities by the government. The outbreak caused a significant impact to business sector as a whole which affected the patients’ traffic. As a result, the

of the Company in Group of Hypermarkets such as Tesco Lotus, Big C, Home Pro, etc. are needed to close their shops according to the Government’s rule. Moreover, the decrease of sales revenue

SHR MD&A EN Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 1 of 8 August 13, 2020

1. The effect of the Corona Virus Disease 2019 outbreak (COVID-19) At the end of March to the beginning of April, the government had measures such as closed the potential risk places, no activity in

government such as travel restrictions and the closure of venues considered high-risk areas including department stores, it is expected that the Thai economy in 2020 will have a severe contraction with latest

its businesses except for some properties in UK that are still in operation in accordance with the government’s request to facilitate the government officers who are in duty to handle Covid-19 pandemic