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Bangkok Post
Bangkok Post
Business

Norwegian fund dumps PTT over rights concerns

OR PTT Myanmar PTT Plc Cognyte Norway PTTEP
(Bangkok Post File Photo)

Norway’s sovereign wealth fund has dropped the Thai energy conglomerate PTT Plc from its portfolio because of concerns that its activities in Myanmar could fund human-rights abuses.

The executive board of the $1.3-trillion fund, the world’s largest, is also axeing PTT Oil and Retail Business Plc (OR), as well as Israel-based Cognyte Software Ltd because of an “unacceptable risk” of human rights violations.

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