media, it has been observed that the majority involve covertly using the SEC name and logo and the images of the SEC executives, relevant agencies and companies, and reputable individuals in the

% 12 11 14 27% 17% 14 35 n/a Total Small Power Producer 69 79 70 (11%) 1% 150 230 53% Very Small Power Plant (VSPP) - Thai Solar Renewable Company Limited (TSR) 40% 80 82 67 (18%) (16%) 230 226 (1

) THB 3,895 mill ion | 69% Gross Profit 5,650 Very Small Power Producer (VSPP) THB 245 mill ion | 4% Independent Power Producer (IPP) THB 1,511 mill ion | 27% GPSC - Q2/2020 Management Discussion and

business expansion. Compared with administrative expenses in 1Q17, an increase of Baht 3.60 million or 10.50% is observed, and this is mainly due to an increase in travel expenses, stock destruction fee, and

depreciation expenses. Compared with the administrative expenses in 1Q19, an increase of Baht 3.55 million or 10.99% is observed, and this is mainly due to an increase in the reclassification of fixed costs at

fee. Compared with administrative expenses in 1Q18, an increase of Baht 2.69 million or 9.15% is observed, and this is mainly due to an increase in share-based payment transaction and a reclassification

from investment scams via various new forms and channels. In this regard, the SEC has observed a persistent trend of investment scams related to the capital market, with scammers often using online

. Any fallback mechanisms in case the SPTs cannot be calculated or observed in a satisfactory manner, should be explained. Issuers may also consider including, where needed, language in the bond

; Madueno et al., 2016; Nicolosi et al., 2014). A latent variable is not directly observed but rather inferred from other proxies that can be measured. Given several sub-varieties of latent variable analysis

unit, from -15.9 Sa-tang per unit during September-December. The increase of Ft is due to the effect of rising of fuel prices in electricity generation. However, a small increase was observed as the