PTT

Retail Asia16/06/2021

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 Taiwan-based subsidiary will make it the second-largest shareholder in Gigasolar, known for manufacturing solar cell materials. The two companies […]

Retail Asia31/03/2021

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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 on rolling out thousands of coffee shops at home and abroad, […]

Retail Asia13/01/2020

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 Pokphand in first-round bids. At the beginning of this month, Bloomberg […]

Retail Asia18/12/2019

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 pesos (US$1.6 million) to expand the Cafe Amazon network, which currently stands at about […]

Retail Asia04/12/2018

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 Philippines, Laos, Cambodia, Myanmar and Japan. PTT will invest US$1.3 […]

Retail Asia16/10/2018

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 companies have joined six others, including Norway-based Telenor and fixed line operator Philippine Telegraph and Telephone (PT&T), in purchasing the application […]

Retail Asia30/08/2018

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 atmosphere before making expansion plans. PTT currently operates 2557 branches of Cafe […]

Retail Asia27/12/2017

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 aside a capital spending budget next year of 12.17 billion baht, with another 10 […]

Retail Asia13/12/2017

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 subsidiary will be gasoline stations, it includes about 12 Cafe Amazon outlets, mainly in […]

Retail Asia27/01/2017

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. “We are always grateful to have partnered with Cebu Air. Our partnership has […]

Retail Asia12/12/2016

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 have allocated around P5.0 billion for the construction of more stations to […]

Retail Asia01/12/2016

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 throne after he had been invited to become the next King by the parliament. […]

Retail Asia16/11/2016

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 the 2011 nuclear disaster. Kawauchi is about 25km away from the Fukushima […]

Retail Asia21/12/2015

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 Visayas. “In the next five years, PTT appropriated P3 billion for expansion […]

Tag: PTT

Foxconn Invests $36 Million In EV Partnership With Gigasolar

Thai fuel player bets US$1.5 billion on coffee

Thai oil company PTT joins race for Tesco

PTT Philippines to open more Cafe Amazon outlets

Cafe Amazon preparing Coffee Shop concept to challenge Starbucks

China Telecom enters Philippines third telco fray

Cafe Amazon makes debut in Middle Eastern

PTT plans to double retail fuel margins

PTT earmarks P500 million for coffee-fuel expansion mix

PTT Philippines to supply Cebu Pacific’s jet fuel for 2017

PTT Philippines rolls out P5-B 5-yr investment plan

Uncertainty Marks The Year End For Thailand

Village for Cafe Amazon’s Japan launch

PTT firms up local expansion program