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PTT Oil and Retail Business (OR), the lifestyle and retail subsidiary of Thailand’s PTT Group, has announced a record-breaking financial performance for the first quarter of this year. This success is largely attributable to its leading brand Cafe Amazon,…
Taiwan’s Foxconn said a subsidiary has invested T$995.2 million ($36 million) in Gigasolar Materials Corp to develop electric vehicle (EV) battery materials. Foxconn, Apple’s main iPhone maker, said the investment via a private placement through a…
The head of Thailand’s biggest gas station network has US$1.5 billion that says motorists will soon be stocking up on a different kind of fuel – coffee. That’s the bet that Jiraporn Kaosawad, Chief Executive of PTT Oil and Retail Business (PTTOR), is placing…
Thai oil company PTT is said to be preparing to make a bid for the Tesco Asia businesses in Malaysia and Thailand. The firm’s retail unit, which also owns the rapidly growing Cafe Amazon chain, will join local retailer Central Group and conglomerate Charoen…
Thai gas-stations operator PTT plans to open up to 20 new Cafe Amazon outlets across the Philippines next year, as part of the company’s non-oil expansion plans. PTT Philippines President and CEO Thitiroj Rergsumran said the company is allotting 80 million…
Thai oil company PTT plans to spin off its Cafe Amazon division and build a coffee chain it says will one day rival Starbucks. The company says it will open 20,000 cafes globally, nearly 10 times the current network of 2300 outlets in Thailand, the…
China Telecom and Telekom Austria’s Mobiltel have become the latest companies to purchase bid documents for the selection process for the Philippines’ third telco player. The operators purchased bid documents from regulator NTC on Saturday. The two overseas…
Thai petrochemicals and retail group PTT has opened its first Cafe Amazon in the Middle East. The launch of the Cafe Amazon Muscat store, in partnership with Oman Oil Marketing, will help PTT to study local market preferences for coffee, food, decor and…
PTT, the national oil and gas conglomerate, plans to double profit margin from fuel retailing business to 30% of total sales by 2022, says Auttapol Rerkpiboon, chief of operations for downstream petroleum business. To achieve the goal, the company has set…
PTT Philippines expects to spend PHP500 million (US$9.9 million) on beefing up its retail network, including a foray into the Japanese market. President/CEO Sukanya Seriyothin says that while the bulk of the expansion for the Thai oil and gas giant PTT…
PTT Philippines has renewed its deal to supply the bulk of Cebu Pacific airline’s fuel requirements this year. The local unit of the Thailand petroleum company will supply 1, 680,000 US barrel (267 million liters) of aviation fuel to Cebu Pacific for 2017.…
Thai firm local subsidiary PTT Philippines rolls out its five-year investment plan commanding capital outlay of P5.0 billion to bulk up on its retail network to 300 stations. PTT President Sukanya Seriyothin said “you can expect to see more PTT stations as we…
The non-ceasing political disturbance and reigning uncertainty is dominating every aspect of life in Thailand since the King Bhumibol Adulyadej’s death on October 13. The Crown Prince Maha Vajiralongkorn is supposed to appear for an audition as a heir to the…
Rather than a big city, Thai coffee-shop chain Cafe Amazon has chosen a village for its launch into Japan. More than 200km from Tokyo, Kawauchi in the Fukushima prefecture has fewer than 2000 residents, and the community is still struggling to recover from…
PTT Philippines, a unit of PTT Public Co. Ltd. of Thailand, plans to invest P3 billion in the next five years to expand the company’s network here. The capital expenditure program includes investments in retail stations, oil depots and terminals in Luzon and…
