Microsoft Word - ELCID_Telemax Capital Increase       No. FER 600195 March 23, 2018 Subject : Notification of the capital increase and investment plan of its subsidiary Attention : President, The

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evaluating his or her total wealth, which is a combination of human capital (an investor’s future potential savings) and financial capital. We can then either use the market portfolio as the target aggregate

activity, thus dampening Thai economic growth during the second half of the year. Other challenges included volatile foreign exchange movement and international capital flows as well as the rapid evolution

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