Looking ahead into the year of the monkey of 2016, the Bank of Thailand and the Office of the National Economic and Social Development Board forecast that the Thai economy in 2016 will grow at 3.5 percent and 3.3 percent respectively driven largely by the government spending and investments in mega infrastructure projects, various economic stimulus measures, and the growth momentum of the tourism sector is expected to continue in 2016. Notwithstanding such economic growth forecasts, the persistent weak purchasing power of consumers remains a concern, owing to the high household debt, the extended severe drought, and the agricultural prices are expected to remain low as they continue being pressured by the world’s prolonged low commodity prices. Nevertheless, we are confident that the solid foundation supporting our business and the robust infrastructure we have built in the past years to sustain our long-term growth, together with the strong MK brand and the capable, experienced, dedicated and a strong commitment to succeed management team will be able to overcome the tougher challenges and steer the Company to attaining its objectives in 2016.
On behalf of the Board of Directors, I would like to take this opportunity to sincerely thank all our stakeholders including shareholders, customers, business partners and staff for their unfailing trust, confidence and support through the years. We look forward to your continual partnership with us as we embark on the journey to greater success together in the future.