-changing consumer behavior. Given the increased degree of uncertainty in global economies and politics, businesses may have to contend with Thai Baht volatility and rising interest rate trends. Within this
problems from delayed projects and unexpected budget allocation of Government Projects. Expansion to private sector will result diversification of risk from variety of customers and source of income and cash
additional support from the government project. Meanwhile, government spending remains the main supporting factor for the Thai economy even in this quarter slowed down as the delayed in budget disbursement. As
2020 MD&A 6 We are seeing a trend in industry that due to poor margin number of cracker, PO/MTBE projects have been delayed to conserve cash; this will help to restore the margin to replacement
redundancy, and to save cost and expense in the long term. The Company has also adjusted CAPEX plan and delayed the new investments, for example, the JV with ORI, the JV with MPIC, and the luxury villa
COVID-19 since the beginning of 2020, the expansion of overseas franchise Index Living Mall stores has been delayed by 1-2 quarters but still expected to be completed this year, when the situation of
Baht 61.2 million, was done in February 2020. As at 31 March 2020, Epicure has delayed the investment in this new subsidiary. On 18 February 2020, the Company entered into the investment agreement with