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Bangkok Post

Business

PTT Oil and Retail to spend $900m on expansion this year

PTT Oil PTT Oil and Retail Business Plc

A view of a PTT sign is seen at a commercial EV (Electric Vehicle) charging station, in Bangkok, on Aug 15, 2016. (Reuters file photo)

Oil and gas retailer PTT Oil and Retail Business Plc on Monday said it plans to invest $900 million this year to expand its local and overseas business.

About 45% of the budget will be used to expand its coffee house franchise, Cafe Amazon and fried chicken chain, Texas Chicken, Chief Executive Officer Disathat Panyarachun said.

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