should continue to be accommodative so that the economic growth could continue and translate into the strengthening of domestic demand. Notwithstanding this, there are pockets of risks, such as debt

Baht and Gain on sales of investments of 1 associated company 0.23 Million Baht. 6. Gain on debt restructuring was 90.10 Million Baht or 100.00% lower from the last year. International Curity Footwear

Company Limited. The operating performance is summarized as follows. Overview According to Bank of Thailand and Office of the National Economic and Social Development Board (NESDB), Thai Economy expanded by

According to the Bank of Thailand and Office of the National Economic and Social Development Board data, the Thai economy in the second quarter of 2019 expanded at a slower pace by 2.3%, decreased from 2.8

MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 2 2. ECONOMIC SITUATION Thai economy continually expanded supported by every economic engine especially merchandise exports that were uplifted from global trade

million baht, an increase of 10 million baht from the 6-month period of 2019 or an increase of 4% by operating results in the second quarter of 2020 . Caused by the growth of non- performing debt management

debt will continue to be a drag on household spending. However, public policy continuity, including the implementation of infrastructure projects such as the Eastern Economic Corridor (EEC), will support

business – are likely to see higher growth, bolstered by an expected broad-based economic rebound, which will be seen in both public and private investment. On top of this, the debt quality problem may ease

chain disruptions as economic activities in China were put on hold. The disruption of activities in industries affected by the Covid-19 outbreak, combined with the curfew’s curtailing of business

market share in the economic slowdown. When comparing the sale volume to the same period in 2018, decreased 0.9%. The company is not able to increase the selling price in the current economic conditions