. The downside was mainly stemmed from the impact of export contraction affected by the global economic slowdown, prolonged US-China trade tension and the Baht appreciation. As for economic outlook in

government’ s measure to peg retail Diesel price at THB 30 per liter, in order to alleviate tension for consumers and businesses in the transport sector during times of high fuel price; although there was a

imports from Russia through the Druzhba pipeline, capable of transferring 1 million barrels of oil per day, due to contamination to the crude oil. Thus, necessitating the purchase of light sweet crude as

decline during the aforementioned period was a result of the tension caused by the trade war between the US and China escalating in intensity – leading to decline in oil demand. Moreover, the Thai Baht has

increasing its oil production continuously. Further tension is mounted with Saudi Arabia’s efforts to increase its market share through Saudi Aramco; the Saudi Arabian government’s state enterprise, announced

weighted down from concerns over economic recession; after the US reported that the short term bond yield has exceeded the long term bond yield. However, oil price was supported by the high tension being

, namely the Eurozone, Japan and Britain, may see an economic slowdown due in part to their political instability. Moreover, global trade tension would further intensify, which may dampen investors

election slated in November 2020. Even though tension over the US-China situation eased somewhat after Phase One of a trade deal was reached in mid-January 2020, the details of any further negotiations are

uncertain timing of the Federal Reserve’s policy rate hikes, as well as geopolitical rifts on the Korean peninsula and ongoing Middle East tension. These factors caused the Baht’s value and Thai interest

SECURITIES AND EXCHANGE COMMISSION, THAILAND ANNUAL REPORT 2014ANNUAL REPORT 2014 CONTACT INFORMATION This report can be downloaded from www.sec.or.th For more information about this report, please contact: SECURITIES AND EXCHANGE COMMISSION, THAILAND 333/3 Vibhavadi-Rangsit Road, Chomphon, Chatuchak, Bangkok, Thailand 10900 Tel. 1207 or +66 2695 9999 e-mail: info@sec.or.th This 2014 Annual Report is about policies, strategies and performance of the SEC. We aim to supervise and develop the Thai...