. enjoyed continually high loan growth. In addition, Muang Thai Life Assurance PCL retained its leadership in the bancassurance business, holding the second largest market share in total premiums. To secure
trend. Amid the trade rift which may make the global economic recovery vulnerable, however, many central banks are likely to adopt a cautious stance in their monetary policy while also placing their focus
recovery coupled with high oil prices since early this year may put more pressure on inflation. Against this backdrop, central banks worldwide are highly likely to adopt a more tightening stance, especially
earned, which increased from 300 days of the last wage earned, when their employment was Earth Tech Environment Public Company Limited Page 3 terminated. Also, in 2019 the high utility costs were because
keeping with the overall economic activity improvement. Furthermore, exports and tourism will continue to play pivotal roles in the economy even though their growth may subside over-year due to a high 2017
a more accommodative stance to shore up the economic recovery, in the wake of its policy rate reduction to 1.50 percent in the August 7, 2019 meeting. Thailand Economic Growth Sources: Office of the
underwriting amounted to Baht 7.95 million, an increase of Baht 16.08 million, as the ratio of net claims (less claim recovery from reinsurers) over earned premium during the same period last year decreased from
domestic automotive industry while also maintaining healthy asset quality. Meanwhile, KASIKORN FACTORY & EQUIPMENT CO., LTD. enjoyed continually high loan growth. In addition, Muang Thai Life Assurance PCL
economic activity, which is on a recovery path. 1.2 Banking Industry and Competition In the second quarter of 2017, commercial banks recorded decreased net profit over-quarter and over-year. The decline
investment decelerated after showing high growth in the fourth quarter of 2018. Even though private consumption continued to expand, growth was concentrated in only certain product categories. Likewise