European fixed income – trends and analysis SEC Classification : ใชภ้ายใน (Internal) - R E S P O N S I B L E I N V E S T M E N T - ESG Incorporation & Investment Strategies in Fixed Income Carmen

key driver with continued growth across all categories supported by the increased in farm income both in productions and prices. Exports during the first five months of 2019 contracted 2.3% from the

partners, particularly China which may impose risks to exports growth 2) political uncertainties which may impact investments and consumptions 3) risks of drought which may lower farm income and 4) on going

categories especially in durable goods which showed significant contractions since the second quarter onwards from the contractions in vehicle sales. Key factors include the weakened household income and

especially in durable goods which showed significant contractions since the second quarter onwards from the contractions in vehicle sales. Key factors include the weakened household income and tightening of

income. Public spending also increased from spending on goods and services and compensation expenses while capital spending declined from the high base effect of last year from the disbursement of

-19. The consolidated comprehensive income for 3Q20 totaled Baht 1,458 million, decreased of 17.4% comparing to 3Q19. For the first nine months of 2020, net profit of the Bank and subsidiaries totaled

Tax B.E. 2508 ( 1965) . The Land and Building Tax Act impose tax on owners of land and buildings and specifies maximum tax rates to be applied based on the value of the asset as appraised by the

farm and non-farm income. Public spending also increased from spending on goods and services and compensation expenses while capital spending declined from the high base effect of last year from the

accelerated to grow. Regarding domestic demand, private consumption slowed down as a declining household income and employments, particularly in export-related manufacturing sectors. According to the slowdown