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Nation Multimedia Group PCL — The Asian Wall Street Journal
January 25, 2000

BANGKOK (Dow Jones) - Nation Multimedia Group PCL of Thailand said it will invest 300 million baht ($8.1 million) over the next two years to develop a new Thai Web portal.

Thai Portal Co., a unit of Nation Multimedia's electronic business arm, Nation Digital Media Co, will launch the Thailand.com Web site in June.

The Thailand.com Web site will provide full electronic-commerce services, including online hotel and flight bookings, and a virtual shopping center for Thai goods.

Nation Multimedia is in talks with several foreign Internet companies that may invest in Thailand.com, said company chief executive, Thanachai Threerapatvong.

The Web site, which plans a domestic launch in March ahead of the international launch in early June, should attract around 300,000 to one million visitors in the first year of operation, said Sermsin Samalapa, president of Thai Portal.

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