into the next year, close attention should be paid to the timing of the Federal Reserve’s tightening monetary policy under the anticipated new Federal Reserve chairman, the US tax reform plan and the
previous projected at 2.8% growth to a 5.3% contraction due to the fact that COVID-19 outbreak severely affected both external and domestic demand particularly the tourism and exporting sector which sharply
policy to increase the minimum wage, which is projected to benefit over 3.7 million employees beginning January 1, 2025. This policy is expected to exert a positive influence on the Company’s operations in
the momentum from the above mentions, the Thai economy in 2018 was expected to continue expanding which the Bank of Thailand projected to record growth of 4.1 percent (as of March 2018). However, the
with the growth for the passenger car segment and the commercial vehicle segment growing at 21.9% and 6.3% respectively. The Bank in-house research projected the new car sales for the year 2018 to be
% yoy with the growth for the passenger car segment and the commercial vehicle segment growing at 17.8% and 8.7% respectively. The Bank in-house research projected the new car sales for the year 2018 to
2019. For 2020, the Thai economy is projected to continue to be in a ‘low growth, low rates’ environment. Main headwinds include: (1) the weakness in global growth particularly the Chinese economic
promotional activities of car manufacturers. Based on the Bank in-house research, new car sales for the year 2017 is projected to increase by 8.0% with total sales of around 830,000 units. In the equity market
headline inflation was projected to be around the lower bound of the inflation target. Overall financial conditions remained conducive to growth, despite pockets of risks to financial stability such as the