THURSDAY, March 28, 2024
nationthailand

SINGHA ESTATE SET TO TAKE OVER DAII GROUP

SINGHA ESTATE SET TO  TAKE OVER DAII GROUP

Singha Estate, the listed property arm of Boonrawd Brewery Group, will acquire a majority interest in Daii Group for up to Bt3.395 billion.

 
According to the company’s filing to the stock-market authorities, Singha will purchase 678.99 million capital-increase shares at Bt5 each.
After the transaction, Singha will hold no less than 55.63 per cent of Daii, a ready-made housing provider listed on the Stock Exchange of Thailand last year.
Singha will pay for the Daii shares by exchanging 51 per cent of its stake in its wholly owned subsidiary Nirvana Development, a move valued at Bt2.142 billion, and two plots of land valued at Bt1.253 billion.
After securing the majority stake in Daii, Singha will make a tender offer for the remaining Daii shares at Bt5 apiece and Bt2.708 billion in total. It will seek approval from its shareholders on December 16.
 
THAIS DRAWN TO 
DISCOUNT PRICING: STUDY 
 
A MasterCard survey has identified that 75.8 per cent of Thais often shop compulsively as they are attracted to low prices or substantial discounts offered via online channels, second only to shoppers in the Philippines, who came in first at 76.4 per cent. 
This price-competitiveness factor is considered to be the No 1 driver in shoppers’ online decision-making in Thailand and other Asia-Pacific countries. Other factors that trigger impulse shopping online include advertisements and promotions (56.2 per cent) and unique products available only online (48.7 per cent).
The study also reports that clothing and accessories are the items that most often trigger impulse shopping (44.7 per cent), followed by beauty and personal-care products (34.6 per cent) and toys and gifts (31.9 per cent). 
The websites visited most often by Thai consumers include Facebook, leading at 72 per cent, followed by YouTube (54.4 per cent) and Google (33 per cent). 
 
SUVIT SINGS PRAISES 
ON ‘THAILAND 4.0’
 
The transition from “Thailand 3.0” to “Thailand 4.0” will focus on investments in people, technologies, and connectivity-based, resource-based and intellectual infrastructure, said Deputy Commerce Minister Suvit Maesincee.
This will help people move from traditional farming to smart farming, convert small and medium-sized enterprises into innovation enterprises, and help low-skilled workers become knowledge workers, he said.
In a lecture at the Asian Institute of Technology, Suvit said this move would herald a transition from an analog Thailand to a digital Thailand. 
Technology investments will concentrate on food, agriculture and biotechnology; health, wellness and biomedical sciences; smart devices, robotics and mechatronics; digital technologies, Internet of Things, artificial intelligence and embedded technology; and creative, cultural and high-value services. 
The emphasis will be on social infrastructure and creating an inclusive society based on a welfare system, Suvit said.
He described Thailand 4.0 as “thriving in the 21st century through security, prosperity and sustainability”. 
Quoting examples of the United States, the United Kingdom, China, India and South Korea, he said Thailand’s creative economy would be based on the three pillars of science, technology, and information and communications technology. Reforms will encompass economic changes and revamping of science and technology as well as research and development, besides educational reform. “The need for Thailand 4.0 arises since Thailand needs to avoid the middle-income trap [and] the inequality trap, and correct the imbalance between humans and nature,” he said. This can be achieved by creating inclusive green growth engines, he added. 
 
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