likely to leave EY in 2020. H2: KPMG’s existing clients are more likely to leave KPMG in 2020. H3: EY’s existing clients are more likely to leave EY for other Big 4 companies in 2020. H4: KPMG’s existing

Introduction & Overview 1 Monica Bae Regional Lead, Capital Markets CDP SEA & Oceania CDP is a global environmental impact non-profit working to secure a thriving economy that works for people and

teams are 1.7 times more likely to be leaders in innovation in their industries, driving growth and competitive advantage. • Companies with inclusive policies appears as having a lower turnover rate

compared to the same period of last year, cost of Sales of Baht 643.84 million or 81.34 percent of sales, which is caused by the price of goods, is likely to increase continuously, resulting in higher cost

CDP is a global environmental impact non-profit working to secure a thriving economy that works for people and planet. 11 ABOUT CDP CDP CAPITAL MARKETS | @CDP CDP runs the global disclosure system that

turn affect demand for loans – especially business loans – which would likely put pressure on asset quality. Moreover, commercial banks may focus on customer base expansion and income earned from

recovery coupled with high oil prices since early this year may put more pressure on inflation. Against this backdrop, central banks worldwide are highly likely to adopt a more tightening stance, especially

less accommodative in their monetary policies. Looking forward, global interest rates are therefore likely to be on an upward trend. Amid the trade rift which may make the global economic recovery

grow at a slower pace, likely to fall below the lower end of the projection range of 2.5-3.0 percent, beset by the COVID-19 outbreak, the gloal economic slowdown, delay in the implementation of 2020

worldwide is expected to show improvement, which is likely to coincide with gradually rising inflationary pressure. Inflation is set to edge up amid soaring oil prices in the global market where this year’s