2Q2020 Airline Business Due to the outbreak of COVID-19 continually spreads and intensified which tremendously affect the airline industry. The Company decidedly concerned our operational activities to be

intensified competition, and the refinery’s TAM which resulted in the lower volume of finished oil produced. On the other hand, retail market which is the company’s main distribution channel recorded sales

megawatts by 2025. 1.3 Competition In 2019, power industry shows intensified competition. Due to limited growth prospect for domestic electricity industry, peers are actively exploring opportunities and

businesses to manage their liquidity which has been pressured by the intensified effects of the Covid-19 outbreak. While some SMEs may apply for loans under government lending measures, the overall level of