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Thailand expects Tesla, Google, Microsoft to invest $5 billion -prime minister

Published 09/24/2023, 01:45 AM
Updated 09/24/2023, 01:50 AM
© Reuters. FILE PHOTO: Thailand's Prime Minister Srettha Thavisin speaks during a press conference after a weekly cabinet meeting at the government house in Bangkok, Thailand, September 13, 2023. REUTERS/Athit Perawongmetha/File Photo

BANGKOK (Reuters) - Thailand's Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla (NASDAQ:TSLA), Google (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT).

"Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centres," he said, without detailing whether the $5 billion was expected to be a combined investment or made individually by each company.

Tesla, Google and Microsoft did not respond immediately to requests for comment.

Srettha was speaking to reporters in Bangkok after attending the U.N. General Assembly in New York where he also held talks with company executives earlier this week.

Fresh foreign investment would boost Thailand's flagging economy, which is expected to grow by 2.8% this year, less than previously projected, due to weaker exports.

Srettha spoke with Tesla CEO Elon Musk last week about the electric vehicle sector.

Thailand, Asia's fourth-largest automobile assembly hub, has been offering incentives to EV and battery makers, and tax cuts to local EV buyers, to remain a regional auto centre.

Latest comments

Recently, Southeast Asia has become a new growth point for the new energy vehicle market, which is an opportunity for Chinese enterprises to go overseas. And charging leading companies like NaaS (NASDAQ:NAAS) will usher in long-term growth.
don't hold your breath, khun Srettha Thavisin..
good evening
hi
Dont go to Thailand Elon. The government allows strange things to go on with children within those borders.
Much like the Democratic Party here in the U.S.
More Q delusions. Very sad that people allow themselves to become so brainwashed by nonsense.
gek spouting his ignorant xenophobic nonsense again.. Thailand, like the US, russia, china, japan or most other countries, have depraved individuals preying on children, and and are trying to fight the problem..
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