from 4.91 baht per passenger-kilometers to 4.79 baht per passenger- kilometers or by 2.3 percent as a consequence of intense competition within the industry. Regarding the airport-related businesses, the

competition causing average fare to drop by 4.9 percent, specifically in Indochina routes. This was a consequence of rising number of service providers on similar routes/destinations. The average passenger load

airline business slightly declined by 0.6 percent from highly intense competition which caused the average fare to drop by 6.0 percent, particularly in Indochina routes. This was a consequence of increasing

attributed mainly by number of factors, namely 1.) Growth in Tourism sector from visa-on-arrival measure and Hong Kong disturbance which reflects an increasing in tourists 2.) Government spending for

Page 4/20 Economic Overview and Competition among Commercial Banks In the first quarter of 2020, Thai economy highly contracted from the same period last year as the COVID-19 pandemic has caused

there was a lack of capital expenditures projects, resulting in low work load in the first half of 2018. For new projects that came in 2018, as a result, there was very intense competition in terms of

capacity and growth. Food & beverage: Sales was 215.9 Million THB, classified as follows; A&W Restaurant: sales was 192.2 Million THB, decreased by 4.8 Million THB or -2.4% YoY as a result of competition in

– Q1/2018 due to market competition and low factory workload at the time. In addition, these Projects startup delays meant that, instead of the staggered production as originally planned, these projects

higher competition. The company recorded revenue from services of 579.03 million Baht which increased from the last year totaling 431.89 million Baht or 293.52% due to the expansion of construction

business 10.68 million Baht. In the 2nd quarter of 2017, the average selling price of construction materials would reduce by 3 per cent and sales volume decreased 16 per cent. Due to higher competition and