BoI approves two Cloud data service centre projects for Chon Buri

11 Sept 18:33 Key points summarised by AI

Thailand's Board of Investment (BoI) approved two significant Cloud data service centre projects in Chon Buri, collectively valued at over 60 billion baht.
One project, costing 32 billion baht, is by Quartz Computing (an Alphabet Inc. affiliate) and will establish Google's fifth Cloud service centre in Asia.
The second project, worth 28 billion baht, is by Digitalland Services (an affiliate of China’s GDS Holdings) and is slated for operation by 2026.
These investments, encouraged by the government's 'Cloud First Policy,' are set to enhance Thailand's digital infrastructure and foster new business opportunities.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.