(Overseas) Mikka Cafe New Brand Perspectives on Thai economy in 2022 • The Thai economy is expected to recover gradually in 2022. During the first half of the year, slow recovery is expected due to the

easing COVID-19 situation with a rebound of foreign tourists which boosted Thailand’s economic recovery. Nonetheless, domestic demand stayed soft due to the global geopolitical conflicts that created

remained sluggish while the new phase of outbreaks re-emerging in Dec-20 posed further challenges on economic recovery. Despite some positive development in subscriber base in 4Q20, pricing remained the key

(exclude spectrum) • Bt30-35bn Core service revenue is expected to grow mid-single digit In 2022, Thai economy is expected to be on a recovery path despite the uncertainty around the outbreak of new COVID-19

came mainly from crude oil price rebound in 2018. And even with lower pressure on Glycerin price from growing market supply in the second half of 2018, full year average Glycerin price remained high

with its major trade partners, especially China. This factor is set to have an impact on the world’s economic recovery over the remainder of this year. The World Economic Outlook of the International

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

trend development was more than offset by the continued positive growth sentiment of advertising spending in November and December 2017, driven by the economic rebound in exports, tourism and automotive

like Hygiene fibers and Lifestyle, where as some are high performance like Mobility though linked to global GDP and auto manufacturing. We have seen good rebound in our fibers business in the early part

Awards from International Business Magazine In the Annual General Meeting (AGM) on 1 April 2019, the investment in the Energy Recovery Unit Project (“ERU”) has been approved by more than 75% of the vote of