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Thai Portal to launch thailand.com in June — The Asian Wall Street Journal
March 7, 2000

BANGKOK (The Asian Wall Street Journal) - Nation Multimedia Group PCL said its majority-owned Thai Portal Co. will launch in June an Internet portal focusing on Thai exports and tourism.

Thai Portal's chief executive, Thanachai Theerapatvong, told a news conference Monday the company invested 300 million baht ($7.9 million) to set up the English-language Web site Thailand.com - the biggest investment in an Internet portal by a Thai company so far.

On the same day, Thai Portal - which is 51%-owned by Nation Multimedia - signed an agreement valued at 93 million baht with International Business Machines Corp.'s Thailand unit to provide technology assistance and systems maintenance for the Web site for at least three years. IBM Thailand's general manager, Thanwa Laohasiriwong, said the agreement involves the most integrated information technology service the company has ever provided in Thailand. Thai Portal will provide content for the Web site.

"The portal will not only provide information, but also facilitate electronic business transactions where visitors can book their flights, hotels, or order products from Thai companies linked to the site," Mr. Thanachai said. Thailand.com will focus on small - and medium-sized companies, he added.

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