competitors entering to the market, and invested in assets in order to receive privileges under investment promotion schemes granted expenditure reduction around 1.5 times. The installation of kiosk takes

the previous quarter. The main supporting factors were the return-to-expansion of export goods, private investment as well as a continual expansion of government expenditure. Meanwhile, the new wave of

result, Private investment has declined dramatically while the Tourism sector has not yet recovered. The overall economic support comes from the government spending. Both fixed expenses and capital

slower-than-expected recovery of advertising expenditure during the first half of 2017, the VGI believes that an improvement in advertising spending is in the offing for the remaining months of 2017 as

quarter which contracted at 12.1%, because of the government expenditure and public investment expanded, while private consumption, private investment, and export of goods declined at a slower pace compared

, 2017). • Economic stimulus—government subsidies—after the financial/pandemic crisis. • Corporate income tax deduction/exemption (via significant spending). • Import duty relief, etc. • Permission for

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expenditure for U City was THB 937mn. Capital expenditure excludes the EBT of UE or investments or long-term loans to related parties, which is classified as an investment. CASH FLOW NINE-MONTHS CASH FLOW

by 3.2%, higher than 2.9% growth in 2015, according to data from Bank of Thailand and NESDB. This was mainly from acceleration of government expenditure and the recovery in both of farm income and