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Huawei Technologies Thailand is investing $21.6m in cloud service

The company’s cloud-based data centre is located in Amata Nakorn City in the Eastern Economic Corridor

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Indorama Ventures Pcl expects to close three deals worth around $1 billion by this year end. Meanwhile, Huawei Technologies Thailand makes the first move to invest and offer public cloud services in Thailand.

Huawei Technologies Thailand is investing 700 million baht ($21.6 million) in local public cloud services in Thailand .

The service is now available for order here

The company’s cloud-based data centre is located in Amata Nakorn City in the Eastern Economic Corridor.

Among the global cloud service providers such as Alibaba, Microsoft and Google, Huawei is the first mover to set up the data centre in Thailand.

It told the local media that the public cloud services in Thailand will also serve other countries in Southeast Asia, except Singapore. The main target customers include enterprises, government’s agencies and mobile operators.

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DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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Business

Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

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BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

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