export prices along with global crude oil prices. Meanwhile, tourism sector and private consumption continued to expand especially on account of spending by medium and high income households, although
contribution in 2019. With 90 manufacturing sites across 30 countries, and more than 90% in domestic sales, IVL is strongly suited for today’s macro environment to benefit from the trade tensions, supported by
additional support from the government project. Meanwhile, government spending remains the main supporting factor for the Thai economy even in this quarter slowed down as the delayed in budget disbursement. As
benefit from Spindletop integration synergies and organic growth potential Olympus cost program to start contributing to the bottom line Operating rates and inventory days to be balanced to optimize
mobile market. On the cost side, there’s less marketing spending QoQ and lower tower & equipment rental from settling disputes with TOT. As a result, reported EBITDA was Bt21,135mn increasing 19% YoY and
persistently experienced a high contraction due to the international travel restrictions. However, economic activities during that period were supported by the expansion of public spending, together with the
-openings. However, towards the middle of the year, the rising inflation and continuous increase in energy costs limited private consumption and signaled a global economic slowdown, raising spending concerns