
Thai data centre capacity may triple on surging demand for AI
BANGKOK : Thailand's data centre capacity is expected to triple in the next three years as investments of about US$6.5 billion pour into the sector to meet surging demand for cloud computing and artificial intelligence.
The nation's capacity is expected to rise to about 1GW in 2027 from 350MW in 2024, said Supparat Singhara Na Ayutthaya, vice chairman of the Thai Data Center Association.
'A data centre requires an investment of about US$10 million for each megawatt,' he said.
'Thailand has drawn tremendous interest for new data centre investments with its steady power generation and water supply,' Supparat said in an interview this week.
Alphabet Inc's Google, Amazon.com Inc, Microsoft Corp and Nvidia Corp are among global tech giants spending billions of dollars on AI infrastructure in Thailand and across Southeast Asia.
'There will be many more global technology companies further diversifying their data centre facilities to Thailand,' Supparat said.
The expansion of Thailand's data centre sector comes as the nation, a longtime manufacturing powerhouse for automobiles and electronics, accelerates efforts to boost its high-tech industries.
The government wants Thailand to catch up to countries such as Malaysia and Singapore, regional leaders in data centre and cloud computing services.
In the first half of the year, Thailand's Board of Investments approved investment applications worth ฿322 billion (US$9.9 billion) for 36 tech projects, most of which were data centres, according to its website.
'The data centre association is awaiting clarity about the US plan to restrict shipments of AI chips and what effect that could have on the nation's data centres,' Supparat said.
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Malay Mail
4 hours ago
- Malay Mail
Li Ning Company Limited Announces 2025 Interim Results
Implementing the Core Strategy of 'Single Brand, Multi-Categories, Diversified Channels' | Excelling Through Professionalism, Strengthening Strategic Foundations In the first half of the year, the Group recorded the following operating results: - Revenue rose by 3.3% to RMB14,817 million; gross profit margin declined by 0.4 percentage points to 50% - Net operating cash inflow was RMB2,411 million - Net profit attributable to equity holders was RMB1,737 million with net profit margin of 11.7%, and EBITDA margin was 23.7% Working capital remained at a healthy level: - The percentage of gross average working capital to revenue was 7.3% - The cash conversion cycle was flat at 31 days compared to the same period last year The Board resolved to declare an interim dividend of RMB33.59 cents per ordinary share of the Company issued or to be issued upon conversion of convertible securities for the six months ended 30 June 2025. The retail sell-through for the overall platform increased by low-single-digit from last year, including online and offline channels. Channel inventory increased by low-single-digit comparing to the same period last year. The inventory turnover and ageing structure remained at a healthy level. Offline channel new products sell-through accounted for 84% of overall offline channel sell-through, maintaining a healthy and reasonable level. Financial Results Operational Summary O utlook HONG KONG SAR - Media OutReach Newswire - 21 August 2025 - Li Ning Company Limited (the "Company" or "Li Ning Company"; together with the subsidiaries, collectively, the "Group"; stock codes: 2331 (HKD counter) and 82331 (RMB counter)) announces today its 2025 interim results for the six months ended 30 June 2025 (the "Reporting Period").In the first half of 2025, the Group steadily consolidated its operational foundation and actively accumulated momentum for business development, achieving steady revenue growth. During the Reporting Period, the Group's revenue amounted to RMB14,817million, representing an increase of 3.3% as compared to the corresponding period of 2024 (2024H1: RMB14,345 million). Gross profit amounted to RMB7,415 million, representing an increase of 2.5% as compared to the corresponding period of 2024 (2024H1: RMB7,236 million). The overall gross profit margin declined by 0.4 percentage points to 50.0%(2024H1: 50.4%).During the Reporting Period, the net profit attributable to equity holders was RMB1,737 million (2024H1: RMB1,952 million). The margin of net profit attributable to equity holders was 11.7% (2024H1: 13.6%). Return on equity attributable to equity holders was 6.5% (2024H1: 7.8%). Basic earnings per share was RMB67.43 cents (2024H1: RMB75.80 cents). The Board resolved to declare an interim dividend of RMB33.59 cents (2024H1: RMB37.75 cents) per ordinary share of the Company issued or to be issued upon conversion of convertible securities for the six months ended 30 June 2025. The interim dividend payout ratio is 50%.In terms of cash flow management, the Group's net cash generated from operating activities for the Reporting Period amounted to RMB2,411 million (2024 H1: RMB2,730 million). As at 30 June 2025, cash and cash equivalents (including cash at banks and in hand, and time deposits with original maturity of no more than three months) amounted to RMB11,798 million, representing an increase of RMB4,299 million, as compared with the position as at 31 December 2024. Adding back the amount recorded as time deposits, cash balance amounted to RMB19,190 million, which represented a net increase of RMB1,050 million as compared to 31 December 2024. During the Reporting Period, the decrease in retail revenue led to a reduction in retail collections. In addition, tax payments increased, resulting in a year-on-year decrease in net cash generated from operating activities. Meanwhile, the maturity and redemption of time deposits led to a significant increase in net cash generated from investing activities. The Group will continue to place extra emphasis on cash flow management to ensure the stable development of the Company in the long the first half of the year, the Group continued to strengthen its core strategy of "Single Brand, Multi-categories, Diversified Channels" steadily advancing planned initiatives across key areas including product upgrade, brand marketing, and channel years of efforts and accumulated experience in professional sports, and relying on superior product excellence and brand strength, the Group successfully signed an agreement in 2025 to become the official sportswear partner for the Chinese Olympic Committee and the Chinese Sports Delegation from 2025 to 2028. During the Reporting Period, anchored by its core strategy of the marketing theme of "China's Glory, LI-NING Support"(中國榮耀,李寧同行)under its new Olympic identity, the Group reinforced its professional image as an unwavering supporter of Chinese sports, and further cemented its core positioning as a professional sports respect of professional product and marketing, the Group focused on the six core categories of running, basketball, training, badminton, table tennis and sports casual, while actively grasping market trends and exploring new sports subcategories, such as outdoor sports, tennis and pickleball. The Group continued to strengthen its product capabilities through technological innovation and enhance the deployment of professional sports resources, based on three key pillars: solidifying a professional sports mindset, showcasing sports fashion aesthetics, and inheriting Chinese cultural values. Moreover, it proactively sought to strengthen its differentiated brand advantages, promote brand recognition and popularity and enhance brand influence through diversified and comprehensive marketing respect of channel, the Group has actively built a multi-dimensional channel network, and systematically promoted deepening of market coverage and upgraded of operational efficiency. In high-tier markets, through deepening strategic coordination with top-tier commercial entities and leading outlet projects, the Group promoted innovative store format planning and deployment. In emerging markets, the Group implemented deep expansion and optimised channel hierarchy layout to expand market share. As of 30 June 2025, the number of conventional stores, flagship stores, China LI-NING stores and factory outlets under the LI-NING brand (including LI-NING Core Brand and LI-NING YOUNG) amounted to 7,534, representing a net decrease of 51 as compared to 31 December terms of retail operations, the Group focused on the systematic construction of operating models in high-tier markets and distribution business models. Through channel structure optimisation, adjustment of store product mix, and planning of consumer interaction activities, the Group has strengthened brand mindshare penetration and improving product operation efficiency. In addition, the Group concentrated on optimising store visual presentation and marketing promotion quality, upgrading property cooperation effectiveness, and enhancing the professional service capabilities of sports consultants. The Group has also strengthened efficient collaboration between headquarters and terminals, continuously improved retail process standards, and made full preparations for new store expansion and retail capability enhancement during the Olympic terms of new retail business, the Group has comprehensively deepened the construction of its new retail business system. With digital upgrade as the core, the Group has been committed to driving all-round enhancement of business the e-commerce business, in the face of a challenging market environment across the industry, the Group adhered to a prudent and steady operational strategy. By fostering strong cooperation between online and offline channels, developing exclusive marketing IPs, and strategically deploying key promotional campaigns, the Group continued to drive comprehensive improvements in operational efficiency, making e-commerce a key motivation for the terms of supply chain, the Group continued to advance deep optimisation and strategic upgrading of its supply chain, focusing on four core objectives: quality control, delivery assurance, cost optimisation, and sustainable development, and has achieved notable results. Breakthrough progress was made in flexible supply capabilities, successfully expanding into e-commerce exclusive product lines, and establishing a rolling replenishment system and cross-channel coordination mechanism to maximise market demand fulfilment. In addition, the Group deeply integrated the sustainability concept into supply chain practices, effectively advancing the implementation of green products, with order volume of eco-friendly products exceeding target the first half of the year, the Group vigorously promoted the strategic construction of the logistics system, focusing on three core directions: omnichannel logistics integration, digital upgrade, and automation optimisation, to achieve comprehensive enhancement of logistics efficiency and precise optimisation of cost control. During the Reporting Period, the launch of the Nanning central warehouse marked the Group's completion of nationwide logistics and warehousing network deployment, further enhancing market responsiveness and core terms of kidswear business, LI-NING YOUNG has achieved steady progress in product optimisation, channel expansion, retail efficiency enhancement and brand marketing, with an emphasis on improving its professional brand image and market share. In terms of product optimisation, LI-NING YOUNG continued to drive progress through product research and development, and IP establishment, fostering breakthrough growth in its core categories. In terms of channel development, LI-NING YOUNG focused on expanding market coverage and enhancing channel quality, with a strong commitment to implementing a multi-channel growth strategy. In addition to deepening its presence in core markets, it strategically expanded emerging markets and strengthened its outlet channel layout. In terms of marketing and promotion, LI-NING YOUNG has fully leveraged the Group's resources, working in close collaboration with categories such as basketball and running to provide a wide range of brand experiences to consumers through diversified marketing campaigns. As at 30 June 2025, the total number of LI-NING YOUNG POS amounted to 1,435, representing a net decrease of 33 POS since 31 December ahead, the Group will firmly implement the core strategy of "Single Brand, Multi-categories, Diversified Channels", uphold the core value of "Serve with Sportsmanship", and continuously refine "LI-NING's Experience Value".The Group will continue to rely on the LI-NING Technology Innovation Platform(李寧科技創新平台)to optimise product structure, strengthen diversified deployment under the single-brand strategy, and build differentiated competitive advantages. We will focus on the deep integration of technology and fashion, creating a sports product matrix that combines functionality and trend aesthetics, meeting consumers' full-scenario needs, and actively driving market share acquisition across various sub-segment markets. At the same time, the Group will accelerate the deployment in high-growth potential markets, focusing on breakthroughs in three emerging tracks: women's sports, outdoor gear, and youth sports products, to seize market opportunities and cultivate new business growth drivers. In addition, the Group will increase R&D investment, leveraging core technologies to enhance product strength, and reinforce long-term competitive advantage through technological will fully support the Chinese Sports Delegation in competing on the international stage through high-quality products and highly efficient services. At the same time, the Group will further orderly launch online and offline marketing activities around this top-tier cooperation. It plans to release the 2026 Milan Winter Olympics apparel in the second half of the year, and initiate themed marketing campaigns for the Winter Olympics, continuously deepening LI-NING's professional sports Group will coordinate efforts across three key areas, channels, products, and supply chain, to achieve dual improvement in business quality and efficiency. Channel efficiency upgrades will be pursued through dual breakthroughs in offline and online operations. Offline, the Group will enhance terminal competitiveness through initiatives such as efficiency improvement in high-tier markets, strengthening distribution capabilities, and deep cultivation of emerging markets. Online, the Group will unleash sales potential through overall ecosystem governance and brand marketing integration, aiming to achieve maximised online and offline sales. On the product side, by enhancing the full-chain system and improving the accuracy of omnichannel product planning, the Group will achieve significant optimisation of supply-demand matching, flexible production, and inventory turnover. In terms of supply chain, the Group will focus on three core indicators: cost control, quality improvement, and delivery timeliness, and deepen strategic integration with product and merchandise operations to enhance overall consolidate the foundation for corporate development, the Group will focus on enhancing talent-driven development, financial governance and digital-intelligence empowerment as three core pillars. In terms of talent-driven development, the Group will build talent teams based on strategic business needs, continuously optimize organisational effectiveness, and establish a flexible and efficient operational structure. In terms of financial governance, the Group will strengthen target management, establish more rigorous budget management and risk control mechanisms, enhance financial transparency and capital utilisation efficiency, and provide robust financial assurance for strategic implementation. In terms of digital-intelligence empowerment, the Group will deeply apply cutting-edge AI technologies, build a digitalised operational support system, and enhance market insight and consumer analysis capabilities, laying a solid foundation for high-quality development."Driven by policy promotion, technological iteration, and changes in consumer demand, the industry overall possesses potential for high-quality growth, with opportunities and challenges intertwined. Looking ahead to the second half of the year, the Group will maintain a prudent attitude, continue to consolidate its business foundation. At the same time, the Group will closely monitor market dynamics, actively capture and seize potential structural opportunities, and promote long-term sustainable growth through a series of strategic initiatives, striving to become consumers' preferred professional sports brand."Hashtag: #LiNing #Sportswear # The issuer is solely responsible for the content of this announcement. About Li Ning Company Limited Li Ning Company Limited is one of the leading sports brand companies in China, mainly operating professional and leisure footwear, apparel, equipment and accessories under the LI-NING brand. The Group has comprehensive research and development, design, manufacturing, marketing, distribution and retail management capabilities. It has established an extensive retail distribution network and supply chain management system in China. We are committed to be the most prominent, stylish, world-leading sports brand from China. In addition to its core LI-NING brand, the Group also manufactures, develops, markets, distributes, sells various sports products which are self-owned by or licensed to the Group, including Double Happiness (table tennis), AIGLE (outdoor sports) and Kason (badminton), which are operated through joint venture/associate with third parties of the Group.


Free Malaysia Today
6 hours ago
- Free Malaysia Today
Poverty reduction plan should be more ambitious, says economist
Muhammed Abdul Khalid says one of the 13MP's flaws is its low targets for reducing poverty and narrowing income gap. (Muhammed Abdul Khalid pic) PETALING JAYA : A targeted reduction of only 1.1% in the incidence of absolute poverty in the country shows a lack of ambition in the 13th Malaysia Plan (13MP), according to an economist. For Muhammed Abdul Khalid, the objective to bring the rate down from 5.8% currently to 4.7% over the next five years was in sharp contrast to the government's objective to make Malaysia a high-income nation. 'We want to rank among the top 30 nations in the world (in terms of income), which is commendable,' he told FMT. 'On the other hand, we must also ensure that growth is inclusive.' At a talk organised by Kelab Belia Prihatin here on Aug 14, Muhammed had said that the government should focus more on reducing poverty and narrowing the income gap. 'Only then will we be a developed country, where everyone benefits,' he said. When tabling the 13MP for debate at the Dewan Rakyat on July 31, Prime Minister Anwar Ibrahim had said that the target was to also eradicate hardcore poverty, which now stands at 0.19% of all households. Muhammed, who served as Dr Mahathir Mohamad's economic adviser during the latter's second stint as prime minister, also took issue with the RM15 billion increase in development expenditure to RM430 billion compared with the 12MP. 'That is only RM3 billion a year. We need to spend more on healthcare, education and housing. The government has announced plans to build a million new affordable homes over the next 10 years. 'How will this new target be achieved? Who will be responsible for delivering it?' he asked. Another shortcoming, he said, is Anwar's decision to ignore PR1MA, the previous government's affordable housing programme, despite pledging to build a million affordable homes from 2026 to 2035. He said another flaw in the 13MP is its low target for narrowing the income gap. 'Income inequality is not being treated with the seriousness it deserves despite it being one of the most pressing challenges,' he said. '(This is) made worse by the fact that lower-income groups continue to shoulder multiple taxes,' he added. He described the government's target of narrowing the rich-poor gap by only 1% over five years as 'extremely modest'. Under the 12MP, the gap as measured using the Gini coefficient was 0.390. The target under the 13MP is 0.386. For Muhammed, it is 'merely symbolic'. The average Gini coefficient in the Organisation for Economic Cooperation and Development (OECD) is 0.315. 'If the government only aims for a marginal reduction, our inequality gap by 2030 will remain wide and far from the standards of more equitable societies. This is not good for the economy and rakyat,' he said. In 2020, the statistics department reported that income inequality in the country was higher in 2019 than it was in 2016.


Malay Mail
10 hours ago
- Malay Mail
Phuket Rises as the Ultimate Residential Destination for Russian Buyers, Driven by Laguna Phuket and Banyan Group Residences
Over half of Laguna Phuket's sales of new condos in the past few years have been to Russian buyers lured by Phuket's affordability, stability, great weather and relaxed but fun lifestyle PHUKET, THAILAND - Media OutReach Newswire - 21 August 2025Phuket, Thailand's largest island, has become a top choice for Russian buyers seeking a safe, peaceful, and affordable lifestyle. With its warm, sunny climate year-round, pristine beaches, and family-friendly environment, Phuket offers an unparalleled blend of tropical charm and modern convenience – as well as international schools and top quality Russian buyers looking to improve their quality of life, Phuket provides exceptional value. The cost of living is significantly lower than in major cities like Moscow or St. Petersburg, allowing residents to enjoy a luxurious lifestyle at a fraction of the serves as a safe haven, far from conflict zones, offering political stability and a welcoming atmosphere. It's ranked 4in the world for branded residences, behind only Dubai, New York and Miami. The island is already now home to a vibrant Russian-speaking community, with Russian-language signage in shops and restaurants and services designed to make daily life easy for Russian daily flights connect Phuket to major Russian cities like Moscow, Vladivostok, and Irkutsk, ensuring easy access. Phuket International Airport also has connections to over 80 cities worldwide, making the island an ideal base to travel in and out Phuket, located on Bang Tao Beach, Phuket's most exclusive and sought-after area, is one of Asia's most prestigious integrated resort and residential communities. Spanning over 1,000 acres, it features seven luxury hotels, an award-winning golf course, and 3,000 branded Phuket has evolved into a vibrant international residential community, welcoming residents from over 50 countries. Its outstanding amenities include wellness centres, fine dining, a primary school, and outdoor activities, all set within a safe and luxurious Group, the developer behind Laguna Phuket, is globally recognized for its expertise in luxury hospitality through its Banyan Tree Hotels & Resorts brand. This strong hospitality background offers property buyers unmatched advantages, including professional property management, access to premium facilities, and the opportunity to place properties in rental programs managed by a globally respected 5-star brand. Over 50% of Banyan Group Residences' sales in Phuket over the past few years have been to Russians, reflecting their strong preference for this tropical haven. To make the buying process seamless, Banyan Group also has Russian-speaking teams to assist buyers and ensure smooth affordability, safety, and vibrant Russian-speaking community make it a top choice for Russian #BanyanGroup The issuer is solely responsible for the content of this announcement.