Liberator Securities (LIB) expected Thailand’s SET Index to fluctuate within the range of 1,310-1,330 points on Wednesday, which would be in the same direction as regional markets.
A rise in electronics and power generator stocks should give the Thai stock market some push. Meanwhile, investors are looking ahead to US inflation this Friday.
GULF disclosed a statement through the Stock Exchange of Thailand that on June 25, 2024, Gulf Edge Company Limited (“Gulf Edge”), a wholly-owned subsidiary of the company and a shareholder in GSA Data Center Company Limited (“GSA DC”), entered into a partnership with Google Asia Pacific Company Limited (“Google”) to operate Google Distributed Cloud (GDC) air-gapped configuration as a Managed GDC Provider (MGP) for organizations in Thailand.
GDC is a fully disconnected sovereign cloud solution that requires no connectivity to the public internet, thus providing high stability and data security. MGPs are strategic partners that collaborate with Google Cloud to drive the adoption of GDC air-gapped, by providing expert deployment, operational, and managed services to end customers. The target customer groups include industries that require the storage and processing of sensitive or confidential data, such as healthcare, energy and utilities, and public safety services. GSA DC’s data centers are also able to host such cloud systems within the scope of this partnership.
Thailand’s economy is anticipated to expand in the latter part of the year, according to the minutes of the Bank of Thailand’s monetary policy meeting held on June 12.
The central bank stated that its current policy rate aligns with the projected growth and inflation rates. During the meeting, the monetary policy committee decided by a vote of 6-1 to maintain the one-day repurchase rate at 2.50% for the fourth consecutive meeting, with one member advocating for a quarter-point reduction.
