in the Korean Peninsula The impact of GPR 4 The Problem Statement and Research Motivation ❑ GPR has become a primary threat and challenge faced by corporates (PWC, 2019) ❑ Extensive literature

include capital and operating expenditure relating to: 1. Inputs (e.g. land, seeds, fertilizer, energy, information), 2. Capital goods (e.g. land, equipment, housing), 3. Crop-based transformation processes

of tax exempt status which can be carried forward and deducted as expenditure from the net profits acquired. For the year 2014 and 2015, the Company could claim this priviliege to the whole amount

CONTRIBUTION This quarter, the hospitality segment was the primary growth contributor, 5% growth or from THB 1,179mn in 1Q 2018 to THB 1,239mn in 1Q 2019. These were from (i) new hotels launch: Vienna House Easy

segment was the primary growth contributor, achieving 31% revenue growth (or increasing from THB 1,461mn in 2Q 2018 to THB 1,914mn in 2Q 2019). These was driven by (i) new contribution following the

the same period of 2017. Excluding TBSP of 16.9% GP, Company’s %GP represented at 24.1%, slightly growth primary by higher Gross Profit of Digital Print & Mail business. %Gross Profit Margin Mil THB 330

dividend Q419 THB 0.5b , net capital expenditure THB 1.1b, other items THB -0.1b. Cash and financial investments in 2018 decreased by THB 1.0 billion to THB 8.7 billion, due to EBITDA 3.4 billion less final

However, the government sector and related sectors had laid down the measures to stimulate the expenditure and relieve the economic impact such as Cash Relief amount of Baht 5,000 per month, increase of

3.4 billion less final dividend THB 0.8 billion 2016 paid in Q217, interim dividend Q417 THB 0.8 billion, capital expenditure THB 1.1 billion, other items THB -0.9 billion. Cash and financial

expenditure because there was a problem of purchase power and incomes that remained not recovered. Household income in agriculture sector remained encounter with additional pressure from the flood situation in