Thai PM Explores Key Investments in Milan

[webfact]

AP Photo/Luca Bruno, Pool

 

Prime Minister Srettha Thavisin has visited Milan, Italy, engaging with major investors from Intesa Sanpaolo to discuss collaborative infrastructure projects in Thailand, including the ambitious Land Bridge project and a potential Formula One race.

 

Meeting with Intesa Sanpaolo officials, PM Srettha outlined plans for expanding major Thai airports like Suvarnabhumi, Phuket, and Chiang Mai. The bank showed keen interest in these developments, pledging potential financial support and further discussions soon.

 

Intesa Sanpaolo's enthusiasm for green bonds harmonised with Thailand's strategy to issue bonds worth around US$1 billion (36 billion baht) by July. Anticipated demand hovers around US$250 million, with a roadshow planned to attract more investors.

 

The visit wasn't solely focused on finance. The Thai PM also met with the president of the Industrial Design Association, exploring opportunities for design exhibitions in Thailand, capitalising on Milan's status as a design hub to inspire young Thai designers.

 

 

In Rome, Srettha interacted with executives across diverse sectors like aviation, defence, insurance, consumer goods, energy, and automotive industries. These discussions aimed to exchange knowledge and spur Thailand’s economic growth.

 

Promoting Thailand's sustainable development and inviting investor participation, Srettha also visited the Autodromo Enzo e Dino Ferrari Circuit in Bologna. Here, he discussed hosting a Formula One event, identifying U-Tapao Airport in Rayong province as a potential site.

 

Key figures, including PTT's Chatchai Phromlert and BTS Group's Kavin Kanjanapas, have been consulted on the F1 project. Srettha aims for construction to begin by 2027, expressing optimism about its feasibility and revenue potential.

 

VIP ticket prices are expected to range from US$5,000 to US$8,000, with additional income from sponsors and concessions anticipated.

 

The prime minister's trip underscores Thailand’s ambitions for infrastructural innovation and international collaboration, setting the stage for a series of transformative projects aimed at driving economic and cultural growth.

 

-- 2024-05-21

 

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[Enzian]

Who knows? Maybe when the infrastructure road show reaches some saturation point, we can start talking about improving education in this country so as to take full advantage of these deals in the long run.

I like the tan leather jacket he's been wearing in these recent pictures; it's a northern Italy speciality.  I have a darker one like it I bought in Florence, but his is nicer. 

Edited May 21 by Enzian
clarity

[Celsius]

The jacket, the shades..... the images of Enzo Ferrari spring to mind

[TroubleandGrumpy]

Deal Talker NOT a Deal Maker - nothing has actually happened and IMO never will.

 

[ChaiyaTH]

14 minutes ago, TroubleandGrumpy said:

Deal Talker NOT a Deal Maker - nothing has actually happened and IMO never will.

 

Yeah the sales style they have in Thailand will not work in Europe, they would see trough it it lacks contents/details/facts/decision making and everyone nows whatever that guy says can be changed in a week. The weed law is just the most recent proof of that. Nobody wants to do business with unneeded additional risks factors.

 

That's why for a few sectors like automotive or exporting stuff from Thailand it is fine, as that is kind of 'stable'. But otherwise, not really. But sure Burriram wants to do races since years, so it would be indeed very cool if Thailand could host some events. He is not wrong, he just has to make it happen.

 

It could have a serious significant and lasting impact on Burriram and the places surrounding it in terms of jobs, hotels, more flights etc if they had like multiple big events there every year. Opening a bar there could be big business for the retired expat there hehe.

 

I only went there once, for my first girlfriend, when I was 20 years old and I got chased away by 10 thai guys on the first night. Was also my last.

Edited May 21 by ChaiyaTH

[TroubleandGrumpy]

5 minutes ago, ChaiyaTH said:

Yeah the sales style they have in Thailand will not work in Europe, they would see trough it it lacks contents/details/facts/decision making and everyone nows whatever that guy says can be changed in a week. The weed law is just the most recent proof of that. Nobody wants to do business with unneeded additional risks factors.

 

That's why for a few sectors like automotive or exporting stuff from Thailand it is fine, as that is kind of 'stable'. But otherwise, not really. But sure Burriram wants to do races since years, so it would be indeed very cool if Thailand could host some events. He is not wrong, he just has to make it happen.

 

It could have a serious significant and lasting impact on Burriram and the places surrounding it in terms of jobs, hotels, more flights etc if they had like multiple big events there every year.

The Burriram track is not big/wide enough for F1 and the facilities are not up to scratch either - OK for the MotoGp bikes, but not the 'big boys'.  I doubt very much that the costs to upgrade the track and facilities would be worth it.  F1 is a business and is all about making money from the countries that they take their 'circus' to - huge payments and costs are involved - not as much as the World Cup Football, but in that ballpark.

[Tropicalevo]

I think that the press should maybe think twice about keep publishing photos of their esteemed leader hobnobbing with a company that harbours a fugitive from justice.

[John Drake]

Must be a VIP. He's got a badge that says so.

[nobodysfriend]

5 hours ago, webfact said:

to discuss collaborative infrastructure projects in Thailand,

 

... that no company in Thailand would be able to do ?

What about Thai-italian construction Co . ? ( Premchai )

All blabla ...

[hotchilli]

6 hours ago, webfact said:

Prime Minister Srettha Thavisin has visited Milan, Italy, engaging with major investors from Intesa Sanpaolo to discuss collaborative infrastructure projects in Thailand, including the ambitious Land Bridge project

Begging for investment again..... how about Thailand investing in Thailand, or don't the millions of tourists spend enough.

[hotchilli]

6 hours ago, webfact said:

The visit wasn't solely focused on finance.

Breakfast, lunch and dinner was also on the agenda with a little sightseeing..

[hotchilli]

4 hours ago, Tropicalevo said:

I think that the press should maybe think twice about keep publishing photos of their esteemed leader hobnobbing with a company that harbours a fugitive from justice.

The government seems to like rubbing shoulder with fugitives.

[ourmanflint]

Imelda sure does love shopping, Paris, Milan...

[Pla Simon]

7 hours ago, Celsius said:

The jacket, the shades..... the images of Enzo Ferrari spring to mind

 

Yeah - minus the everything.

[newbee2022]

Well, Yingluck paved the way to Milan already, since she bought her handbags, shoes and dresses there 🙏

[AustinRacing]

So all these meetings in Italy happened to be arranged around F1 race weekend in Italy. Maybe accidentally came across the RedBull boy while hanging around the team. Simple minded people thinking they’re sophisticated.  How obvious!