driven by improving domestic economic conditions, bouyant exports and the tourism sector. The market expects private consumption to have expanded, with higher spending on durable goods – particularly
and electronic sector, while non-durable goods sector was marginally increase. Domestic demand slowly improved in all sector as regular income. As a result, domestic industries expanded and business
environment The Thai economy for the year 2019 exhibited a decelerating trend. Private consumption slowed down in almost all categories especially in durable goods from the contractions in vehicle sales partly
measures implemented to curb the outbreak. Durable goods segment also declined from the contractions in vehicle sales in line with the weakened household income from lower income, employment and consumer
consumption slowed down in almost all categories especially in services segment: hotels, restaurants and transportations from the various measures implemented to curb the outbreak. Durable goods segment also
proven resilient in the past and we expect this to continue into the rest of 2019. The main lime consuming sectors of the industry were not immune to the disruption: the sugar cane harvest was down after a
169 million. Dusit Thani PCL Management Discussion and Analysis For 1Q18 P a g e | 6 *Annualized ** = EBIT/ Interest expense The Company’s profitability remained resilient in 1Q18, showing improved
consumption should remain resilient owing to rising income levels and employment gains, and fixed investment is likely to pick up amid high capacity utilization and government infrastructure spending. Risks
stewardship initiative on human rights and social issues (recently launched) Collaborative Sovereign Engagement on Climate Change (pilot) Resilient Natural Systems (RNS) Collaborative Stewardship Initiative PRI
reflects the release of built-up inventory in China during the quarter. Final demand in both segments is resilient. IVL reported a higher OCF of US$265M in 4Q19 driven by lower working capital requirements