a continuing decline of 4.7%. For the second half of 2019, the Thai economy is projected to remain subdued stemming from 4 risk factors 1) the continuing trade tensions between the US and trading
-based growth in household purchasing power. At the same time, inflation remains subdued though it is expected to slowly rise. In this regard, the MPC judged that accommodative monetary policy stance would
activities and the low rate of capacity utilization in manufacturing sectors. For banking sector in the year 2019, overall bank loan grew at a slower pace mainly attributed to subdued corporate loan growth in
activities and the low rate of capacity utilization in manufacturing sectors. For banking sector in the year 2019, overall bank loan grew at a slower pace mainly attributed to subdued corporate loan growth in
is relatively subdued due to the impact of COVID-19. Nevertheless, the Company continues to transfer the completed projects to customers as planned. Newly opened are ESCENT TOWN PHITSANULOK, a townhome
relatively subdued due to the impact of COVID-19. Nevertheless, the Company continues to transfer the completed projects to customers as planned. Residential projects that are completed and transferred to
relatively subdued due to the impact of COVID-19. Nevertheless, the Company continues to transfer the completed projects to customers as planned. Residential projects that are completed and transferred to
has deployed measures to stimulate short-term spending. Private investment also slowed due to a decline in the real estate sector. Meanwhile, the need for machinery investment was subdued due to lower
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