Srettha has outlined ambitions to make Thailand a regional hub for several sectors including electric vehicles (EVs), aviation, finance and the digital economy. He has also urged lawmakers to boost Thailand as a food, wellness and tourism hub.
“We are doing everything we can,” Prommin said, referring to measures including visa-free tourism, policies to address household debt, and support for the critical agriculture sector.
A key election promise to give away 10,000 Thai baht (US$279) to 50 million Thais to spend in their local communities was still in the pipeline, with implementation likely by late May, he said.
Critics have cautioned that the government’s raft of measures – especially a US$14 billion “digital wallet” handout scheme – may not be fiscally viable and could stoke inflation.
TALKS WITH TESLA
Thailand is continuing talks with auto major Tesla for a potential investment in the country, an official from the prime minister’s office said.
The government has offered the EV maker access to 100 per cent clean energy for a facility in Thailand that could encompass EVs and battery production.
“It is up to Tesla right now,” Supakorn Congsomjit said, declining to provide further details.
Late last year, Tesla surveyed potential locations in the country, he added.
Long dominated by Japanese carmakers such as Toyota Motor and Honda Motor, Thailand has seen a wave of investment by Chinese EV makers, including BYD and Great Wall Motor, amounting to more than US$1.44 billion.
In a bid to draw more foreign investment, Prommin said the government was working on multiple fronts, including easing visa regulations, amending laws for improving ease of doing business and upgrading physical and digital infrastructure.Â
Source: CNA
