Business
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
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.
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.
Business
Thailand’s Consumer Confidence Hits new Record Low in May
The University of the Thai Chamber of Commerce (UTCC) has reported that Thailand’s Consumer Confidence Index (CCI) for May fell to its lowest level ever due to COVID-19 concerns.
BANGKOK (NNT) – The University of the Thai Chamber of Commerce (UTCC) reported on Thursday that consumer confidence hit a record low in May, due to the country’s latest and biggest COVID-19 outbreak so far.
(more…)Business
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.
On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.
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