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

property and water investments; and will also facilitate the issuance of bonds from issuers who would otherwise find it difficult to gain recognition for their low carbon investments. The goal is to attain a

been developed in Asian economies. In reality, however, it is often difficult to find who really has control over a company, even within the disclosure regimes of many OECD countries. Participants noted

solutions ✓ Climate Adaptation solutions Copyright © 2022 by GMO LLC. All rights reserved. For Institutional Use Only | 20 INCORPORATING SUSTAINABILITY IN VALUATIONS Uncertain cash flows; difficult to

program for auditing difficult and complex areas, staff training limited to theoretical lectures and lack of case study on issues requiring professional judgement and professional skepticism, particularly

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