Thailand

Damac Group to Invest $1 Billion in Thailand's Data Center Infrastructure

2 months ago

In a significant strategic move, Dubai-based Damac Group has announced plans to invest a staggering $1 billion in the development of data center infrastructure in Thailand. This investment marks a critical step for the company, known primarily for its real estate investments, as it diversifies its portfolio and taps into the rapidly growing data economy in Asia.

Thai Tycoon’s Power & Telco Arms Skyrocket as Holders Approve Merger

3 months ago

Shareholders approved the merger of Thai billionaire Sarath Ratanavadi's telecom and power companies in a milestone chapter for Thai corporate history, paving the way for a sharp surge in shares of both companies. The complex deal represents one of the major corporate restructurings of Ratanavadi's diverse interests and promises to alter the business landscape.

Google to Spend $1 Billion in Thailand to Accelerate Asia AI Push

3 months ago

Google has promised to invest as many as $1 billion in Thailand in a first-of-its-kind deal. The ambitious project aims at speeding the company's artificial intelligence activities throughout Asia. The highly expected announcement was finally made by the technological giant on Monday.

Thai Virtual Bank Race Intensifies as Bidders Far Exceed Available Permits

3 months ago

The competition heats up as the race for virtual bank licenses in Thailand turns out to be over-subscription, with the number of applicants surpassing the number of licenses it provides. As big a change this promises to be for the finance sector in Southeast Asia, financial institutions undertake the journey with much fervor.