trading such share which was not consistent with normal market conditions in order to lure general public to trade such share. SEC Act S.243(2) Settlement Committee Meeting No. 3/2016 Settlement

convergence strategy to accelerate growth. Enterprise services continue to witness cautious spending in the Thai private sector due to ongoing global economic and financial risks. Nonetheless, a genuine demand

1Gbps constant speed in every room at home. Enterprise solutions have the potential for growth in enhanced connectivity services alongside cloud related products amidst ongoing demand for digitalization

accommodate domestic economic activity, which is continuing along a stable recovery path. 1.2 Banking Industry, Competition and Emerging Risks  Banking Industry and Competition Commercial banks’ overall

Home” policy and lay down necessary measures to guarantee work efficiency. Impact on liquidity and appropriate Capital Structure Due to the ongoing COVID-19 situation had effect to reduced income

traction from the first quarter. The ongoing economic rebound was mainly driven by exports and tourism, whereas domestic spending and investment only gradually picked up. Still, the economy has yet to see

may hinge mainly on recovery in economic activity. Amid the ongoing transition to the digital age in 2019, commercial banks may have to brace for intensified competition, especially in expanding their

per ton (YoY) in an otherwise strong season. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in IVL’s core earn- ings follows on from IVL’s consistent strategy of prudent

E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the

increase in minimum wages, local SME projects and agricultural business reform, to support the low-income group. Overall, the Thai economy is on course for a steady year of growth, according to the Bank of