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TikTok to invest $3.8 bln in Thailand

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From Reuters

ByteDance's TikTok will invest 126.8 billion baht ($3.76 billion) in Thailand in a data hosting service, the Thai investment board said on Wednesday.
 
The Chinese firm's investment was made by its Singapore-based unit and would support activities of affiliated companies, with operations slated to begin in 2026, Thailand's Board of Investment said. It was among $5 billion of approved new projects announced on Wednesday.

Last year, Alphabet Inc's Google said it would invest $1 billion in Thailand, a year after Amazon Web Services announced a $5 billion investment in the country over 15 years. Microsoft has also announced it will open its first regional data centre in Thailand.
 
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From Bangkok Post
 

Emirates, the world’s biggest international airline, has opened a new $5-million travel lounge in Thailand, signalling Bangkok’s importance in the airline’s network and strong demand for premium travel.

The relocated and refurbished facility in Satellite 1 Terminal (SAT-1) at Suvarnabhumi Airport is the largest international lounge outside the airline’s home market Dubai. With capacity for 250 guests, it is big enough to accommodate all premium passengers traveling on two Airbus A380 double-decker jets.

The post-pandemic travel rush has led to more leisure passengers buying expensive seats in the front of the cabin. The $5-million investment is the latest in a series of moves by Emirates to meet the rise in premium demand, including scaling back the economy section on some planes as it overhauls its aircraft interiors.


https://www.bangkokpost.com/life/travel/2951831/emirates-pours-5m-into-premium-lounge-in-thailand. 

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