at full capacity with two shifts in most of plants locally and globally. Looking ahead and based on the forecasts from OEMs, 2021 is expected to be a better year than 2020. Yours sincerely, Mr. Yeap
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
percent and 9.51 percent, compared to year-end 2019 and the same period of last year, respectively. Looking ahead into the remainder of 2020, the struggling economic environment, crippled by the COVID-19
, private consumption growth turned out to be stronger than expected, boosted by car sales which had accelerated since late 2017 after demand for car purchases was brought forward in response to the 2012-2013
% -22% Gain (loss) from crude and product oil price hedging contract 1 46 (73) N/A -259% Gain (loss) from foreign currency forward contracts 37 17 - N/A N/A Gain (loss) on foreign exchange 271 227 172 -37
July and August. Despite the continued improvement in the economy particularly in terms of private consumption, there are still challenges ahead namely 1) Structural changes in Thai economy, particularly
forward, any improvement in the global economy will mainly hinge on the above factors. As a result, several central banks are expected to maintain their accommodative stance. Even though the Federal Reserve
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
from OKEA’s initial public offering, and also THB 82 million gain on foreign exchange forward contract, whereas, this quarter the gain on foreign exchange forward contract was only THB 1 million