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

needs to be closely monitored as more bidding processes will open in the remainder of 2017, while overseas investment by Thai businesses will continue to grow. Commercial banks’ liquidity management is

rose 8.8% YoY mainly from higher utilities on expanded 4G network whereas marketing expense including handset subsidy represented 6.6% of total revenue, up from 5.6% last year, to continue enhancing

price plans. Fixed broadband market kept expanding while customers are offered more choices between subscriptions of pure broadband versus broadband plus other services. Operators continue to increase

2018 expanded continuously on the back of robust exports and tourism, which is supported by stronger global economic conditions. Exports and tourist arrivals rose by 9.9 percent and 15.4 percent, from

economic recovery once the outbreak is contained. Looking forward, the Thai economy will continue to face a high level of uncertainty so the MPC is standing ready to use additional appropriate monetary

from 3.3 percent in 2016 on the back of rising exports and a robust tourism sector, consistent with a stronger recovery in global demand. Headline inflation rose to 0.7 percent, following higher energy

B.E. 2020. For the rest of the year, the global economic slowdown, the prolonged US-China trade conflict and the uncertainty of Brexit negotiations, as well as the Baht’s appreciation will continue to

first-car subsidy. However, household debt, which rose by 5.7 percent from the end of 2017 to Baht 12.3 trillion as of the second quarter of 2018, together with declining prices for agricultural products

ease this pressure, and with the upward trend in prices, we will continue to expect healthy margins.” 2. Outlook Overall Thai economic activity in the first quarter of 2018 beat expectations with an