nature of the mutual fund’s utilization of its assets may cause uncertainty to the amount of its earnings, a warning that unitholders’ benefits or returns may be significantly affected, etc.; (3) a warning

(Internal) 4 I. INTRODUCTION (CONT.) Real economy: • Market failure: • E.g. financial constraints, uncertainty, dynamic externality. • Then, in capital investment (CAPEX), e.g. R&D expenditures (Choi & Lee

uncertainty, the alternative combinations are the possible outcomes of a random process. If each possible outcome is itself a single variable such as a level of wealth or income, and if the agent assigns a

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2020 The Thai economy in the first quarter of 2020 sank into a recession due to the COVID-19 pandemic. Economic activity was crippled almost across the board in light of lockdown measures implemented in several countries to contain the viral transmission. Financial markets went into a tailspin, whereas turbulence was seen in manufacturing, service and tourism sectors,...

in the development of these Criteria. Members are listed in Appendix 1. Particular thanks are given to Resource and Waste Solution’s Terry Coleman, the lead specialist coordinating the development of

. Effective enforcement would increase investor confidence and reduce regulator’s costs in relation to examination for the evidence to prove beyond a reasonable doubt. 3. Class action lawsuits would lower the

quarters in 2019; - Wholesales/Retails sales up 8% Y-O-Y thanks to same-store sales increase from theirs Lighting Solution Centers at both Ratchadapisek and Ratchapruk branches; - Export sales up 12% Y-O-Y

construction industry, the expansion of new Shopping complexes and renovated stores, and the sales recognition in this quarter of some backlog turnkey projects ; - Wholesales/Retails up 14% Y-O-Y thanks to the

thanks to the increase in same-store sales figures from company Lighting Solution Centers at both Ratchadapisek and Ratchapruk branches; - Export sales jump 55% Y-O-Y due primarily to the favorable growth

the deferred tax benefits as much as possible within 2020. However, the Company evaluates that there is the remaining uncertainty about the future utilization of the related benefit because they relate