V3 27/02/63 0 V3 27/02/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2019 In 2019, the Thai economy grew by 2.4 percent year-on-year, down from 4.2 percent in 2018. Against the backdrop of a global trade slowdown and US-China trade uncertainty, merchandise exports and imports for the year contracted by 2.7 and 4.7 percent from 2018, respectively. Private investment slowed to 2.8 percent from 4.1 percent in 2018 while manufacturing production...
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obtained an approval to offer for sale of newly issued securities under Part 2 or Chapter 2 of Part 3 may have changed the deliberation of the SEC Office if such fact had appeared to the SEC Office prior to
reason, the total of each segment may not always tally with consolidated financials. Similarly segments total may not always match to total due to holdings segment. Since 1Q 2014, IVL has changed the
such outstanding long-term loans to Broadspectrum Pty Limited. As a result, the proportion of investment in RATCH-Australia Corporation Pty Limited of the Group changed from 80 percent to 100 percent
targeting Australia as well as continuous increasing number of villas in Elite Haven’s existing markets. Education business Overall, educational business structure has changed significantly due to the
specified in the employment contract. The remuneration’s criteria were previously stated in the Company’s regulations, which were later changed to clearly distinguish between renumeration for directors and
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