downwards its GDP growth forecast from -5.3% to -8.1% for 2020, projecting the worst recession since Tom Yung Kung crisis in 1997. Furthermore, Malaysia and Indonesia, our major international business

will then enable the achievement of overall growth of the Food Business in a significant manner; whereby the Company is projecting to still achieve an overall TSS growth of 5% - 6% YoY. Outlook for 2018

, on August 7, 2019, the MPC cut the policy interest rate by 25 basis points to 1.50 percent, projecting that the Thai economy would expand at a lower rate than previously forecast, due to a contraction

level of 1.25 percent while projecting the Thai economy would expand at a lower rate than previously forecast and further below its potential due to declining exports which have affected domestic demand