business cycles. These segments are also poised for healthy growth momentum and thereby support IVL overall growth strategy. IVL foresees the ability to invest $3 to 4 billion of projected free cash flow

. The Bank’s financial position remained healthy with a strong capital base and optimal liquidity position. At the end of December 2019, the loan to deposit ratio stood at 86.9 percent. On September 25

), and the expansion of existing static billboards. Moreover, the advertising spending is expected to significantly improve in 2018, aiding by an ongoing healthy economic growth and positive momentum of

accounts at a prudent level. This is in line with the Bank’s conservative business management approach under both normal economic conditions and recession. The Bank’s financial position remained healthy with

principles will help generate sustainable returns for beneficiaries and help secure a healthy corporate sector. While the application of the principles set out here will vary according to market conditions

E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the third quarter of 2017, buoyed largely by tourism and exports. Nonetheless, the economic recovery was not broad-based, as evidenced by sluggish private consumption. While certain businesses were still fragile, others remained mired in uncertainty in terms of new modes of competition, a broader market...

Company, which has increased its investments in Bonumose, a company specializes in the production of healthy sugar from plant based material with high carbohydrate content. The technology is considered high

encountered ongoing capital outflows which prompted the Thai Baht to weaken at the beginning and in the middle of the quarter. Given the healthy Thai economic fundamentals, brighter exports and growing tourism

in additional Startups through BCP Innovation Pte. Ltd. , a subsidiary of the Company, which has increased its investments in Bonumose, a company specializes in the production of healthy sugar from

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending September 30, 2019 Thai economic activity in the third quarter of 2019 continued to see limited support, after growing by 2.30 percent in the second quarter. The Thai economy did show some signs of strength in the third quarter, due mostly to the low base effect of the same period last year, especially in the tourism sector. However, exports and private investment – two major e...