including coins in games or points to redeem for products or services are not regarded as operating digital assets businesses . For providers who service trading digital assets with Thai baht pegged stable

spectrum licenses as well as lower interest- bearing debt QoQ. Average cost of borrowing stood at 3.0% per year. Profit In 1Q19, EBITDA was stable YoY at Bt18,906mn due to higher network OPEX and SG&A

parts. The prospect of lower oil prices is likely to push down headline inflation in 2019, while core inflation is expected to be stable, reflecting more modest growth in private consumption. It is likely

Thailand remained stable. Capital funds and reserves were at a high level and were able to support the challenges of uncertain economic conditions. The performance of the Thai banking system improved, mainly

V3 22/02/61 10:09 น. 0 V3 22/02/61 10:09 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2017 In 2017, Thailand’s real GDP grew by 3.9 percent, up 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 prices, while core inflation, which excludes energy and food prices, increased by 0.6 percent due,...

Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR). The BOT has granted a temporary relaxation on liquidity, adjusting the LCR and NSFR to lower than 100 percent until 31 December 2021, in

, reduce the cost of capital, underpin the good functioning of financial markets, and ultimately induce more stable sources of financing. There is no single model of good corporate governance. However, some

SME loans will be relatively stable compared with the previous quarter. Demand for consumer loans is likely to decrease significantly due to the Covid-19 outbreak and public health measures. Some

from the previous year (in 2018: THB 16.60 million), which is line with the greater irradiation. - Service income In 2019, SAAM Group’s service income, representing stable income generation from long

% p.a Average tenor 6.91 Yrs 1 Original planned issuance size is 5,000 MB BTS Group Green Bond Presentation 11 BTS Group Holdings PCL Company Rating : A / Stable ; May 15 , 2019 Issue Rating : A / Stable