Page 4/22 Economic Overview and Competition among Commercial Banks In the first quarter of 2020, Thai economy highly contracted from the same period last year as the COVID-19 pandemic has caused
tio n c o n c e p t a n d w e b p o rta l sc o p e su m m a ry p e r e n d o rse m e n t fro m S C o n 8 -D e c a n d c o n firm a tio n o n 9 -D e c 2 . T h a iB M A c o n firm e d to p ro c e e d b o
inevitably affected the Company’s operating revenue. In addition, the Company had invested in renovating its long overdue hotels to enhance competitive edge in the market. Moreover, the economic slowdown and
in tourism and export. The partial lockdown mandated in the last week of March resulted in a more pronounced slowdown in economic and business activities. Telecommunication sector was affected from
line with an economic ownership of BGRIM in the projects. FINANCIAL PERFORMANCE 9 Q1’2017 Q1’2018 % change Q4’2017 Q1’2018 % change million Baht million Baht y-on-y million Baht million Baht q-on-q Net
economic slowdown, our overall volume from industrial users was quite stable y-on-y, thanks to the synchronization of new 26 MW PPA over the previous 12 months and well portfolio diversification. Several
led to widespread slowdown in economic activities. Private consumption slowed down in almost all categories especially in services segment: hotels, restaurants and transportations from the various