same period last year with sales in the first quarter of 2020 decreasing. Due to the decrease in sales of mobile distribution business In part due to the closing of branches of mobile phone shop and

maintained as we started to see improvements on consumption with the shop re- openings since Sep-21 with the lifting of lockdown measures. Our network capex remains between 25-30bn to ensure that we continued

securities investment and futures contracts. The meeting had also deliberated on the matter of “Master Blueprint” and the guidelines to drive forward concrete results.Moreover, the Digital Infrastructure

for promoting the development of financial innovation and regulations in our respective jurisdictions. We look forward to enhancing a close cooperation with the CSSF in the future.”Mr. Claude MARX

SET is a welcome addition to Thailand and Singapore cross-border development. SEC Thailand looks forward to the successive implementation and participation from market stakeholders. Meanwhile, we

tax cut packages and accommodative fiscal policy. Broadly speaking, both developed and developing economies, excluding China, showed signs of improvement in concert. Looking forward, the global economic

simplified approval process to customers, with only collateral required, to assist small cash-based operators to better access funding sources. Moreover, KBank worked with TGIF Market to help shop owners sell

Reporting Standards (IFRS9) going forward. All of these factors may affect business adjustments of commercial banks in terms of provisioning expenses, risk calculation, capital maintenance and their overall

less accommodative in their monetary policies. Looking forward, global interest rates are therefore likely to be on an upward trend. Amid the trade rift which may make the global economic recovery

recognized as ‘right-of-use’ and ‘ lease liability’ at the present value of lease payment over the remaining lease term. The leases including tower lease agreement, site rental, office & shop building rental