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MAI links firms to innovative scientific research

The Market for Alternative Investment, under the Stock Exchange of Thailand group, has signed a memorandum of understanding with the MAI Listed Companies Association (MAIA) and the National Science and Technology Development Agency, enabling MAI-listed companies to utilise the NSTDA's research for business advantages.

"The MAI realises the importance of using technology and research to boost competitiveness of MAI-listed companies and small and medium-sized firms preparing to be listed," MAI president Prapan Charoenprawatt said. "In addition, there will be training and seminars organised to boost the firms' potential, such as a forum to exchange views, expertise and technical information, for business expansion and competitive advantage. This will also help the Thai economy grow qualitatively towards sustainability."

NSTDA president Thaweesak Koanantakool said the cooperation would promote his agency's research aimed at enhancing production processes, productivity and a value-added economy. One of the NSTDA's aims is to help Thai enterprises boost their competitiveness by utilising research-based information, ultimately leading the country towards sustainability, ready to grow and compete at the international level.

MAIA president Sumeth Lersumitrkul said this cooperation would greatly benefit MAI-listed companies as research would be more accessible, enabling practical applications to improve products and services, including new product development.

Currently, 101 companies are listed on the MAI with market capitalisation of Bt277 billion. The MAI Index as of July 30 was at 568.36 points, up 59 per cent from the end of 2013, with daily average trading value at Bt1.66 billion.

The bourse celebrated its 15th anniversary in June.


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