competitive landscape remains challenging. We saw particular weakness in the steel sector as uncertainty led to reduced production and after a record sugar season in 2018 this sector has been behind our

introduce several variables intended to control for the firm’s specific characteristics and other macroeconomic shocks and uncertainty. ❑ Following prior literature on political risk and firm value, we

home while the entry plan remained stable around Bt400. The operators mainly focused on value-added services such as speed boost, equipment upgrade, service quality and VDO contents. AIS Fibre focused on

. The return to full revenue generation capability of these hotels was a welcome boost to the portfolio, particularly for Vienna House Diplomat Prague, which is one of the largest hotels in the Vienna

economic recovery once the outbreak is contained. Looking forward, the Thai economy will continue to face a high level of uncertainty so the MPC is standing ready to use additional appropriate monetary

increased .In addition the Social security revenue of subsidiaries decreased because of the uncertainty of the payment system of Social security office. 2. Cost of hospital operations & Administrative

has introduced relief measures to boost the economy and increase liquidity to alleviate the impact of COVID-19 on citizens and businesses. In response to the crisis, the government has introduced cash

added value offering such as speed boost, equipment upgrade, service quality and premium contents. Although the operators were able to retained higher starting price point of Bt399/month, deep discount

2022, the Thai economy is expected to be on a recovery path despite the uncertainty around the outbreak of a new COVID-19 strain, Omicron, in early Jan-21. With a substantially higher vaccination rate

(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