Bangkok--31 Jul--SET
Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, has signed a memorandum of understanding (MOU) with mai Listed Companies Association (maiA) and National Science and Technology Development Agency (NSTDA), enabling mai-listed companies to utilize NSTDA’s scientific, technology and innovative researches for business advantages.
mai President Prapan Charoenprawatt said “mai realizes the importance of using technology and researches to boost competitiveness of mai-listed companies and small- and medium-sized firms preparing to be listed. In addition, there will be training and seminars organized to boost the firms’ potentiality, such as a forum to exchange views, expertise and technical information, for business expansions and competitive advantages. This will also help strengthen Thai economy to grow in quality towards sustainability.”
NSTDA President Thaweesak Koanantakool said the cooperation would further promote NSDTA’s science, technology and innovation researches to enhance production process development, productivity and value-added economy. One of NSTDA’s aims is to boost Thai entrepreneurs’ competitiveness by utilizing research-based information for their business insights, ultimately leading the country towards sustainability, ready to grow and compete at international level.
maiA’s President Sumeth Lersumitrkul said this cooperation would greatly benefit mai-listed companies entrepreneurs as researches will be more accessible, enabling practical applications to improve products and services, including new product development.
Currently, there are a total 101 companies listed on mai with market capitalization of THB 277 billion (approx. 8.6 billion). The mai index as of July 30, 2014 was at 568.36 points, up 59 percent from end-2013, with daily average trading value at THB 1.66 billion. The bourse celebrated its 15th anniversary in June this year.
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