million due to the new labor law effective in the second quarter of 2019. As a result, it stipulated compensation for employees who have worked continuously for 20 years with their rights to receive

of crude palm kernel oil which resulted to regional crude palm kernel oil price continuously lowered to 999USD/ton in quarter 2/2017, decreased from 1,265 USD/ton in quarter 2/2016 and 1,516 USD/ton in

malls (i.e. common areas, convention halls, on-site-media, and promotional areas) by continuously rolling out a variety of marketing events in all projects. Continual effective cost management The lower

the customers and recognize continuously the revenues as planned whereby reduce further its debts by repaying these to the financial institutions, the debt to equity ratio may decrease further by year

property development projects recently invested by the Company has been continuously decreased as 1 project was sold out and other projects mostly sold more than half of its sales units. 10. Opinion of the

Discussion and Analysis | 2 Executive Summary In quarter 3/2017, palm oil production both in Thailand and International Market continuously remained high after the impact from El Nino has ended. Thailand crude

Rama 2. Moreover, effective cost management measures to control operating and administrative expenses are continuously practiced at all levels of the organization. Hence, administrative expense to total

continuously the revenues as planned whereby reduce further its debts by repaying these to the financial institutions, the debt to equity ratio may decrease further by year end 2017. 7 2017 MD&A: PACE

oil inventory remained high, crude palm oil (CPO) price continuously declined, as well as Crude Palm Kernel Oil (CPKO) price decreased. This year, the Thai government biodiesel mandate was set to B5 and

Company’s business operation in year 2018, which is expected to grow continuously in spite of impact from fuel and labor costs that are expected to increase.