expense cuts in all areas. Administrative cost increased due to the shutdown of the KCEI plant, which was related to labor compensation payments, factory shutdown expense, and a change of monthly
rate from 0.75 to 0.50 percent at its meeting on May 20, 2020 (previous cuts were made on February 5 and at an emergency meeting on March 20. The global economy has been impacted by the Covid-19 pandemic
their allies unable to come to terms on oil production cuts. This further exemplified pressure on the price of crude in the global market to make a severe reduction late in the quarter. Average price of
expanded sales channels through more online. In addition, Jaymart Mobile has also made significant cost cuts such as space rents, staff fees and other expenses in operation. In which selling and
of recovery due to interest rate cuts and increased government budget disbursements. Additionally, the launch of the iPhone 16, featuring Apple Intelligence, which introduces a revamped camera control
crisis together with no layoffs or pay cuts. The work-from-home policy has been implemented together with several measures to ensure that high quality of our services is not impacted. For business, most
surveyed in 13 years, as clear signal of economic recovery has boosted consumer confidence to spend and Optimism over corporate tax cuts have been boosted after Trump signed tax bill. The average daily
interest rates after two cuts in policy interest rates during the first quarter of 2020. Interest expenses declined due to the reduction in contribution rate to the FIDF from 0.46 percent to 0.23 percent per
Fund had maintained its global economic projection for 2018 at 3.9 percent given that the US economy is expected to be bolstered by tax cuts and government spending hikes whereas other advanced economies