start of this project are lower than buying new lands for development. At present, to procure or to collect big plots of land that have adjacent area are quite difficult and use a lot of investment funds

locations, also forecast economic growth4 to contract by -6.2% and -4.4%, respectively. This year will, therefore, be a most difficult year for all businesses. For MACO, we expect the Company’s performance to

economic front and greater political issues. Therefore, 2020 will be the most difficult and unpredictable year for the Company. For MACO, we expect the Company’s performance to be negatively affected by the

main lime consuming sectors of the industry continue to expand: the sugar cane harvest will be flat compared to last season which was a record year. The steel industry will continue to grow but at a

DEVELOPMENT COMPANY LIMITED EASTERN STAR REAL ESTATE PUBLIC COMPAN... EASTERN SUGAR & CANE PUBLIC COMPANY LI... EASTERN TECHNICAL ENGINEERING PUBLIC C... EASTERN WATER RESOURCES DEVELOPMENT AN... EASTERN

GROUP PUBLIC COMPANY LIMITED EASTERN STAR REAL ESTATE PUBLIC COMPANY LIMITED EASTERN SUGAR & CANE PUBLIC COMPANY LIMITED EASTERN TECHNICAL ENGINEERING PUBLIC COMPANY LIMITED EASTERN WATER RESOURCES

and service were difficult due to the weak purchasing power. Since the consumers were price- sensitive, together with a high competition in the market, some entrepreneurs turned to reduce their

against COVID-19 and hope for the globe to pass through this difficult time. ………………………………………………………. Tamonwan Narintavanich (Chief Financial Officer) 1 Asian Development Bank

. Entrepreneur have been reducing cost in other side such as wages and utilities, by taking measure to temporarily reduce employment and wages. However, price increases are difficult due to decreasing purchasing

success of the business depends on the number of customers. The potential of the business is thus difficult to be assessed than projects which have operated or provided services for a while. 10 Table of