OR allots B60.4bn for new investments

Quick Summary:

PTT Oil and Retail Business Plc (OR) will allocate over 60.4 billion baht for new investment, with the aim of maintaining its status as a leading oil retailer, supporting non-oil businesses and embarking on more investment overseas.

Under the strategy, it will limit or reduce investment in physical assets but depend more on outsourcing and forming strategic partnerships.

The budget will be spent between 2025 and 2029 under the "Empowering All Towards Inclusive Growth" vision, said newly-appointed chief executive ML Peekthong Thongyai.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Business Baht) Businesses Growth Billion Company Budget Outlets Investment Peekthong Charging

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-28 @ 06:02:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 24704240

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