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Bangkok Post

Business

PTTOR plans $2.9bn investments by 2026

Thailand's PTT Oil and Retail Business (PTTOR) plans to invest 93.5 billion baht (US$2.9 billion) over the next five years to expand its food and beverage business, utilising its big gas stations network, its chief executive said on Monday.

About 42% of capital expenditure will be used to expand its non-oil business including adding more coffee shops and restaurants, Jiraphon Kawswat told a virtual news conference.

Part of the investment will also go to technology to help analyse customer data and identify new opportunities, she added.

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