coming on-stream in 2018, as discussed in forthcoming sections, are providing im- petus to our business and our ability to generate positive operating cash flows. The Company reduced its leverage ratio

coming on-stream in 2018, as discussed in forthcoming sections, are providing im- petus to our business and our ability to generate positive operating cash flows. The Company reduced its leverage ratio

:  Equity and Derivatives Brokerage Business Phatra Securities Plc. (“PSEC”) operates Agency Business providing both securities and derivatives brokerage services to local and foreign institutional investors

AIRLINE Management’s Discussion and Analysis Bangkok Airways is a full serviced airline providing premium service to passengers. Company owns and operates 3 airports which are Samui Airport, Trat Airport

comply with the specified rules for providing such services according to its category, mutatis mutandis, excluding the prohibited securities allocation rules; (2) an offer for sale of such depositary

display a particular on the guarantee information, as follows: (1) type and policy of the mutual fund, providing a brief explanation of the following information: (a) details of the guarantor including

the concert, the remuneration for the opening band, the accommodation fee for the artists and the relevant parties, the royalty fee of the music, the expense for providing the convenience and the

all of these projects by 2022 with 5 new power plants with new high-efficiency technology to ensure the continuity in providing high- quality services to industrial users. The strategic movement in the

services when comparing with 31 March 2018. 6 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis Bangkok Airways is a full serviced airline providing premium service to passengers. Company owns and

the concert, the remuneration for the opening band, the accommodation fee for the artists and the relevant parties, the royalty fee of the music, the expense for providing the convenience and the