, public spending and tourism sector still expanded which resulted from low base in the previous year. (Source: BOT Press Release No.64/2019 on the Economic and Monetary Conditions for September and the

in capital expenditure. However, external demand softened as the value of merchandise exports grew at a slower pace. (Source: BOT Press Release No.3/2020 on the Economic and Monetary Conditions for

. (Source : BOT Press Release No.19/2019 on Monetary Policy Report, March 2019/EIC Outlook quarter 1/2019) Performance Analysis Unit : MB For the period ended Change 31 March 2019 31 March 2018 MB % Net sales

well as medical service concerning health and esthetics. 2. Overview of operating results in the Quarter 1’2018. The global economy has continued its steady growth as a result of a tightening monetary

has revised down its growth forecast for Thailand's gross domestic product this year to 3.3 percent from 3.8 percent. (Source : BOT Press Release No.37/2019 on Monetary Policy Report) Performance

and November Monetary Policy Committee meetings, taking the rate down from 1.75 percent to 1.25 percent. The Bank of Thailand also eased foreign exchange regulations to curb the strong baht and

direction primarily by considering the balance of three dimensions – economy, society and environment – under good corporate governance, appropriate risk management and effective cost management. At the same

environment of both the public and private sector remained weak, and private consumption, albeit growing steadily, slowed during the second half of the year. Meanwhile, the Thai economy in 2020 is expected to

Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the First Quarter of 2018 1 1.2 Banking Industry and Competition 2 1.3 Regulatory Changes 2 2. Risk

quarter of 2019, Baht appreciated with the average exchange rate of 31.62 THB/USD, compared to 32.81 THB/USD in the previous quarter. The Monetary Policy Committee (MPC) maintained the policy interest rate