IVL as a whole in 2019. o Sharp decline in crude prices (high of $ 83/bbl in 3Q18 versus low of 54/bbl in 4Q18) as we entered in to the weak season led to accelerated destocking in the integrated PET

combination of the weak global economy and strong baht capped tourism and spending. In response to a slowdown in tourism, visa fee waivers were extended twice to end on April 30, 2020. Headline inflation

trend is sufficiently strong. Stated differently, earnings strings can arise even when earnings persistence is weak. Therefore, earning persistence does not necessarily imply the existence of earnings

corporate governance reduces emerging market vulnerability to financial crises, reinforces property rights, reduces transaction costs and the cost of capital, and leads to capital market development. Weak

latter part of the year, bolstering consumer spending and private investment. However, the economic growth was subdued as the economy was still in a recovery stage and goods exports were weak, partly

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

that makes it easier for investors to research and schedule engagements with companies. As a leader on corporate sustainability issues for 25 years, Ceres has seen remarkable growth in investor

which the Thai equity market was one of the best-performing markets in the world with a remarkable return as high as 120%, 2004 was the year of consolidation. The Stock Exchange of Thailand (SET) index

this year may be capped by weak commodity prices, likely causing growth in export value to be lower than what was seen in the first half. At the same time, farm income may decelerate amid rising output

sustain its growth. Overall, however, it was plagued by weak exports and tourism amid the global economic slowdown. Aside from these challenges, businesses had to contend with more complex competition