Italy's Vespa and Sweden's Electrolux want to step up investments in Thailand, the prime minister said yesterday as he proposed opening more Thai restaurants in Italy and bartering Swedish jets with chicken.
Prime Minister Thaksin Shinawatra made the comments in a radio speech soon after returning from a four-day visit to Italy and Sweden, where he met his counterparts and business leaders including executives of motor scooter giant Vespa and the world's largest kitchen appliances maker, Electrolux.
He said he received positive response at the meetings.
"They are interested in having production in Thailand. Electrolux wants to expand. They already have production here and they want to expand. As for Italy, Vespa wants to have production," he said without elaborating.
Thaksin, who met with the president of Fiat cars and the president of the Confederation of Italian Industries, said he invited Italian businesses to visit Thailand "as my guests so I can introduce them to our business sector."
During his meeting with Italian Prime Minister Silvio Berlusconi, Thaksin complained that there were too few Thai restaurants in Italy.
"There are 200 Italian restaurants in Thailand, but in Italy there are only two Thai restaurants. The main issue is that we can't come in because you're strict,'" Thaksin said he told Berlusconi, who offered to amend the problem quickly.
He also reiterated his efforts to broker a chickens-for-fighter jets deal with Swedish company Saab.
The deal is aimed at finding new chicken markets. Thailand, among the top four poultry exporters in the world, has been badly hit by two outbreaks of avian influenza that killed 28 people in Asia this year, including nine in Thailand. Thaksin said earlier this week that the country has a huge inventory of raw chicken meat stored in warehouses.
"I told them I don't want to buy using cash. If we barter -- if they take our chickens, our tapioca, our shrimp -- I'll take them," Thaksin said. "They produce from their factories, we produce from the earth."
On Thursday, Swedish Prime Minister Goeran Persson said Thaksin should not expect the Swedish government to negotiate the deal with Saab.
Persson said he would love to see the JAS 39 Gripen jet fighter sold to Thailand, but that it was up to Saab, the aircraft maker, to negotiate the terms.
Thaksin has also tried to trade chickens for arms with Russia.
STRONG INTEREST: Analysts have pointed to optimism in TSMC’s growth prospects in the artificial intelligence era as the cause of the rising number of shareholders The number of people holding shares of chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) hit a new high last week despite a decline in its stock price, the Taiwan Depository and Clearing Corp (TDCC, 台灣集保) said. The number of TSMC shareholders rose to 2.46 million as of Friday, up 75,536 from a week earlier, TDCC data showed. The stock price fell 1.34 percent during the same week to close at NT$1,840 (US$57.55). The decline in TSMC’s share price resulted from volatility in global tech stocks, driven by rising international crude oil prices as the war against Iran continues. Dealers said
PRICE HIKES: The war in the Middle East would not significantly disrupt supply in the short term, but semiconductor companies are facing price surges for materials Taiwan’s semiconductor companies are not facing imminent supply disruptions of essential chemicals or raw materials due to the war in the Middle East, but surges in material costs loom large, industry association SEMI Taiwan said yesterday. The association’s comments came amid growing concerns that supplies of helium and other key raw materials used in semiconductor production could become a choke point after Qatar shut down its liquefied natural gas (LNG) production and helium output earlier this month due to the conflict. Qatar is the second-largest LNG supplier in the world and accounts for about 33 percent of global helium output. Helium is
China is clamping down on fertilizer exports to protect its domestic market, industry sources said, putting an additional strain on global markets that were already grappling with shortages caused by the US-Israeli war on Iran. China is among the largest fertilizer exporters — shipping more than US$13 billion of it last year — and it has a history of controlling exports to keep prices low for farmers. Shipments through the war-blocked Strait of Hormuz account for about one-third of the sea-borne supply. This month, Beijing banned exports of nitrogen-potassium fertilizer blends and certain phosphate varieties, sources said. The ban, which has not
AMAZING ABUNDANCE: Elon Musk has announced plans for a new facility in Texas which would manufacture chips for Tesla and SpaceX to use in robotics and AI Elon Musk said his Terafab project — a grand plan to eventually manufacture his own chips for robotics, artificial intelligence (AI) and space data centers — would be built in Austin and jointly run by Tesla Inc and Space Exploration Technologies Corp (SpaceX). Musk, the chief executive officer of the two companies, said he would start off with an “advanced technology fab” in Austin that would have all of the equipment necessary to make chips of any kind. The project would call for one day supporting 1 terawatt (TW) of computing power per year, the amount Musk expects the companies to