provident funds in response to market development while widening investment asset varieties and in line with international standards. Key proposed changes include introduction of more principle-based eligible

quarters of 2019, while on the downside we experience increased competitive pressure on our markets. This we plan to overcome with our efficient fixed cost base and continued focus on quality while widening

Pay ( RLP) JV, totaling Bt788mn, targeting at widening mobile money and e-service to both AIS and non-AIS customers. These deals are part of our strategic intention to expand competitively in serving

into a few well-resourced media operators. Competition has intensified, but so too has opportunity with widening audience reach. The demand of outdoor media has also grown with the implementation of the

-term fundamental to our bolstering visibility of energy drinks under Carabao trademark and widening business opportunity in the global spotlight. 1 Revenue from sales For the year ending 31 December 2017

spread between Dated Brent and Dubai crude oil price on increased by 1.69 $/BBL. The widening spread was due to supply shortages from fuel pipeline shut down in Libya and Nigeria, both producers of Light

policy for export Crude Palm Oil, combined with the gap between the price of Thai and Malaysian Crude Palm Oil widening once again. This resulted in the biodiesel business gross profit to improve, due to

, mainly attributable to the refinery business having gone through turnaround maintenance, combined with the higher crude oil cost stemming from widening Dated Brent / Dubai spread (DTD/DB) which increased

. In 2017, average crude run was recorded at 111.37 KBD, and Bangchak Refinery had its record high of crude run at 121.64 KBD throughout March. Gross refinery margin increased from the widening crack

20T H ANNIVERSARY 1 Securities and Exchange Commission, Thailand Annual Report 2012 SEC ANNUAL REPORT 20122 THE YEAR OF CHANGE The year 2012 was the time for change to become the visionary partner whose balance between proactive and preventive approaches has led to stakeholders’ confidence in the Thai capital market. THE YEAR OF CHANGE 20T H ANNIVERSARY 1 02 MESSAGE FROM THE CHAiRMAN 04 MESSAGE FROM THE SECRETARY-GENERAl 06 SEC BOARd 09 CApiTAl MARkET SupERviSORY BOARd 12 ExECuTivE OFFiCERS 13 O...