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

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<span>© 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</span><br />
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<p>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:), Google (NASDAQ:) and Microsoft (NASDAQ:).</p>
<p>“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.</p>
<p>Tesla, Google and Microsoft did not respond immediately to requests for comment.</p>
<p>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. </p>
<p>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. </p>
<p>Srettha spoke with Tesla CEO Elon Musk last week about the electric vehicle sector. </p>
<p>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. </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/thailand-expects-tesla-google-microsoft-to-invest-5-billion-prime-minister-3181190">Source link </a></p><p>The post <a href="https://forextraderhub.com/thailand-expects-tesla-google-microsoft-to-invest-5-billion-prime-minister-by-reuters.html">Thailand expects Tesla, Google, Microsoft to invest $5 billion -prime minister By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>