income and net fees and services income while other non-interest income declined. Operating expenses also declined yoy from effective cost management and largely driven by lower loss from revaluation of
Policy Committee (MPC) resolved to lower the Thai policy rate to 1.50 percent from 1.75 percent – its first such move in four years – in its meeting held on August 7, 2019. Thailand Economic Growth Sources
management, and favorable industry outlook. Risk Intensity Ranking Best-in-class Environmental Moderate Risk Social Moderate Risk ✓ Governance Moderate Risk 85 90 95 100 105 110 O c t- 1 9 N o v -1 9 D e c -1
also signaling that there would be three rate hikes this year; markets have mostly factored in this interest rate uptrend. At the same time, short-term Thai bond yields dropped on lower-than-expected
a specific offering price determined by the resolution of a shareholders’ meeting pursuant to the TorChor. 72/2558 Notification, where the offering price is not lower than 90 percent of the fair value
highest ranking management must be sought from the Bank of Thailand every four years. 4. Disclosure of additional corporate governance information is required, such as information on significant fine
dividends to the holders of the preferred shares at a rate lower than the rate specified in (a). In this regard, the preferred shares’ right to cumulative dividends during the calendar years between January 1
level of income for one period, but rather with levels of incomes over multiple periods. While deterministic income time series can be ranked using an intertemporal utility function, ranking stochastic
experience occasional periods of volatility. Regarding inflation and the policy rate in 2019, headline inflation is expected to average 0.8 percent, lower than the 1.1 percent of 2018, as a result of easing
adjustment to 5 percent at the end of the first half of the year. For the latter half of the year, lower inflation rate, expectation of lower policy rate in 2007 coupled with high demand in debt securities