Global asset management giant, BlackRock Inc, with a staggering total of US$9.43 trillion worth of assets under its belt, has set its sights on expanding its business horizons in Thailand. The company is particularly interested in investing in the Thai government’s Sustainability Linked Bonds and the country’s clean energy sector, according to a statement by government spokesperson Chai Wacharonke.
The announcement came following a meeting between Larry Fink, CEO of BlackRock Inc, and Prime Minister Srettha Thavisin, who is currently present at the 78th Session of the United Nations General Assembly in New York. The potential investment by BlackRock in Thailand’s bio-circular-green (BCG) sector signifies a significant boost to the country’s economy, providing Thai companies with significant capital to expand.
Chai further elaborated…
