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Tuesday, May 7, 2024

How did Srettha do at APEC?

Deals closed by ‘salesman PM’

After Srettha returned on Sunday, the ruling Pheu Thai Party revealed he had done deals at APEC with around 15 major companies for potential investment in Thailand.

The companies are Tesla, HP, Analog Devices Inc (ADI), Google, Microsoft, Amazon Web Services (AWS), Walmart, Western Digital, Open AI, Apple, TikTok, Booking. com, Citi, Meta, and Nvidia.

The ruling party said the PM had secured concrete investments pledges from three of these – Google, Microsoft, and AWS.

All three multinationals have agreed to establish data centres in Thailand, with Google and Microsoft pledging to sign a memorandum of understanding (MoU) with the Thai government to jointly enhance the nation’s digital economy infrastructure.

Srettha said on Sunday that these investments would last for up to 10 years and could exceed $5 billion in value.

The government said…

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