short courses to increase revenue and to avoid the competition over the decrease in number of students. The company reported EBITDA of Baht -7 million in 3Q19, decreased by 75% and Baht 4 million in 9M19

short courses to increase revenue and to avoid the competition over the decrease in number of students. The company reported EBITDA of Baht -7 million in 3Q19, decreased by 75% and Baht 4 million in 9M19

reflects the company’s determination to enhance its sustainability information reporting in accordance with the Sustainable Development Goal, SDG 12.6. Economic Overview and Competition in Commercial Banking

increased tourist-related usage during the festive period in April and May. Competition shifted towards value-based offerings with more personalized packages to gain ARPU. The handset market slowed down in

increased tourist-related usage during the festive period in April and May. Competition shifted towards value-based offerings with more personalized packages to gain ARPU. The handset market slowed down in

with ongoing data consumption demand, supported by rising tourist arrivals, benefiting the prepaid segment. Competition continued shifting towards value- based offerings with more benefits and

. Most of the large stock exchanges are now profit maximising and themselves publicly traded joint stock companies that operate in competition with other profit maximising stock exchanges and trading

intensified competition, and the refinery’s TAM which resulted in the lower volume of finished oil produced. On the other hand, retail market which is the company’s main distribution channel recorded sales

quarter. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the Second Quarter of 2019 1 1.2 Banking Industry and Competition 2 1.3 Significant

market recorded marginally lower oil sales compared to the previous year due to the intense competition brewing within the industrial market, and stock management within the refinery during the