management of its capital structure to be resilient towards the volatile money market and capital market, as well as maintain its financing cost at an optimum level for its businesses going forward. Dividend

structure to be resilient towards the volatile money market and capital market, as well as maintain its financing cost at an optimum level for its businesses going forward. Dividend On May 15, 2020, the Board

volatile market again in 3Q19 caused by intensifying trade war between US and China that Trump threatened to impose a fresh 10% import tariff on the remaining value of US$300BN on Chinese goods resulting in

the Thai Baht to be volatile and stronger against the US Dollar as well as the interest rates to be volatile and decline. Meanwhile, the Public Debt Management Office (PDMO)’s bond switching wherein

institutional investors alternative mutual funds to outperform in volatile market conditions through ‘4D’ strategies which focus on ‘Diversification’ of asset classes, ‘Defensive’ investment for generating

investment. Focus was on an asset allocation strategy for long-term investment that offers consistent returns in spite of a highly volatile environment. We are aware that diversification holds the key to

on impacts from volatile international capital flows, which would have repercussions for foreign exchange movements and funding costs. The Thai economy in the second quarter of 2018 exhibited ongong

base. However, close attention should be paid to the government’s budget disbursements and global financial markets which may, from time to time, become somewhat volatile. On the inflation front

activity, thus dampening Thai economic growth during the second half of the year. Other challenges included volatile foreign exchange movement and international capital flows as well as the rapid evolution

in the gross refinery margin slightly decreased from the previous quarter. Crude oil price in Q2/2017 was volatile and drastically decreased in the latter part of the quarter, leading to some part of