Thailand's new prime minister courts US companies for investment

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Thailand's new Prime Minister Srettha Thavisin met with U.S. companies including Microsoft , Google , and Estee Lauder in his first trip abroad since coming to power last month, looking to draw investment to boost a flagging economy.

"We met Estee Lauder chairman ... who asked about seaweed in Thailand, which is an important component in quality cosmetics, so we are studying this because raw material is crucial for setting up a factory," Srettha said.

Microsoft was also interested in setting up data centres and another meeting will be held to move things forward, Srettha said, adding that Google was also in talks with Thai board of investment, without giving details."To service foreign investments, we will need financial institutions ... Goldman SachsIn the first six months of 2023, investment pledges to ThailandReporting by Chayut Setboonsarng and Panarat Thepgumpanat; Edited by Lincoln Feast.

 

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