situation in Thailand has shown recovery sign and economic activities began to resume, outlook for 2H20 remains uncertain. Potential rise in unemployment, slowdown in export from sluggish global economy and

remained concentrated on smaller packages as consumers affected by sluggish economy are seeking for value-for-money. Therefore, the industry ARPU remained under pressure amidst weak spending environment

customers affected by sluggish economy sought for value- for-money services. Competition in postpaid segment has been stable. Operators with 5G services are focusing on building 5G perception and attract 5G

prices, while core inflation, which excludes energy and food prices, increased by 0.6 percent due, in part, to a sluggish recovery in consumer demand. Other contributing factors were more structural, such

consumption and impair household debt serviceability and (5) the sluggish investment demand due to uncertain macroeconomic outlook, tightening credit conditions, and the delays in government budget process. For

-leasing and credit card loans, but declined in housing loans in line with the sluggish real-estate market. Financial institutions expect that demand for business and household credit will increase

new route from Chiang Mai-Hanoi since March 2018. However, an impact of China’s economic sluggish together with the boat accident in Phuket, the Company has to decrease its flight Samui to Chongqing

growth from baht appreciation and world-trade sluggish. However, the Thai economy is attributed mainly by number of factors, namely 1.) growth in private consumption continues despite a lower rate of

and according to target. In 3Q19, growth in the Thai economy decelerated primarily driven by a decline in export growth from world-trade sluggish effecting from Trade War. However, the Thai economy is

third quarter of 2017, buoyed largely by tourism and exports. Nonetheless, the economic recovery was not broad-based, as evidenced by sluggish private consumption. While certain businesses were still