uncertainty and the escalation of US-China trade war pressured investment sentiment across the globe. Second half of this quarter, the resulting from the baht appreciation and the MSCI rebalancing for higher
to the lowest level since August 2017, due to global equity markets continued declining, led by China as ongoing concerns over global trade frictions dampened sentiment. While unwinding position of
sentiment. Meanwhile, exports and tourism expanded at a slower pace, partly due to the impact of the US trade policies and a drop in Chinese tourist arrivals. Headline inflation in the third quarter of 2018
to generate revenue stream amidst softened tourism sentiment. However, both hotels showed effective cost control in both room and food and beverage management. Cost of sales In 3Q19, CPN reported costs
its economy then the global demand will revert to its pre-pandemic growth rate and supply will have to catch up. For IVL, this positive global sentiment has resulted in strong volume demand for all of
actions that maybe detrimental to the general public, or capital level lower than regulatory minimum requirement. These also include cases where financial institutions are placed in the control of the
Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...
are deemed urgent or necessary. Provisions regarding consumer protection were added help ensure safety for any “harmful service” that has caused or could cause harm to persons' life, physical or
public investment and underpin private sector sentiment. Moreover, some production may be relocated to Thailand in response to US-China tariffs, particularly in sectors such as electronic and automotive