Cabinet Approves Thailand's First Big Data Strategy, Targeting 35% Economic Value Growth by 2027

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โดย Kaohoon·Read original
Summary · why it matters

The Cabinet has approved the draft Big Data Strategy for 2025 to 2027, Thailand's first such plan, which will serve as a framework to drive the use of data and artificial intelligence to enhance the economy and public administration. The target is for the economic value from big data to grow by no less than 35% by 2027 and to push Thailand into the top 25 countries globally in big data utilization. On the tax front, the government has extended the 7% value-added tax rate for another year, from October 1, 2026 to September 30, 2027, to ease the cost of living and stimulate spending, providing a direct boost to retail and consumer goods stocks. Meanwhile, the meeting of the National Broadcasting and Telecommunications Commission board had to be postponed due to lack of a quorum, delaying consideration of key agendas such as the Digital TV Roadmap and the National Streaming Platform. Digital TV operators must continue to wait for clarity. In the capital market, Stecon Group Public Company Limited, or STECON, is preparing to offer three-year bonds with an annual interest rate of 3.30% between August 3 and 5, after receiving a BBB+ rating with a stable outlook from TRIS Rating, to fund new business expansion and reduce volatility in its construction contracting business. Team Consulting Engineering and Management Public Company Limited, or TEAMG, is gearing up to capture investment in data centers, having recently secured a contract to supervise and inspect the systems of a data center project for a global company in Chonburi province.

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