Page 46 - Anual report STi 2022_eng

of diminished domestic purchasing power that is expected to At present, engineering consulting companies with

be further pressured by the policy rate hike, coupled with high the scope of providing consulting services for construction
inflation and household debt burdens, may limit the recovery management and supervision, architectural design, and
of the real estate sector. engineering work have similar work characteristics to the

Source: Business Researchhttps://www.lhbank.co.th/getat- Company Group as follows:
tachment/b082d03b-ca8a-4e60-9ef8-ab981ecf097d/econom-

ic-analysis-Industry-Outlook-2022-construction-busi-
ness-2022

From the aforementioned market and competitive
conditions, the Group has forecasted the business situation

and closely assessed the situation in order to review plans
and strategies to be in line with the market situation and

competition. In 2022, the Company Group will have adjusted
its strategy to offer services to government customers and
more diverse types of work, resulting in being able to accept

more government services and expanding the customer base
and types of services to be wider, such as designing and
construction supervision for hospitals in both the government

and private sectors. Because the country is moving towards
an aged society many hospitals are preparing to expand their
service facilities to support the standard of care for the

elderly and increase the standard of care and the public health
service system as can be seen from the proportion of

customer groups and the performance of the year 2022.
Details can be found in Section 4: Management Discussion
and Analysis.

At present, most of the advisory business operators,

both individuals and juristic persons, are registered with the
Advisory Data Center of the Public Debt Management Office,
Ministry of Finance. There are 6 types of advisors: independent

advisors, partnership or company advisors, educational
institution advisors, foundation advisors, association advisors,
and consultants to government organizations. Currently, there

are a total of 2,850 registered advisors, divided into 510
independent advisors and 2,091 juristic advisors (on February
13, 2023).

44 Annual Report 2022 (56-1 One Report)