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PTT Oil and Retail Business Plc (OR) is planning to invest in startups in Southeast Asia, to fuel its new businesses, especially in the area of mobility and lifestyles, under a venture capital fund it recently co-established.
PTT Oil and Retail Business Plc (OR), Thailand's largest oil retailer by volume, aims to achieve earnings before interest, taxes, depreciation and amortisation (Ebitda) of 45% by 2025 by increasing revenue from non-oil and overseas businesses.
published : 10 Mar 2021 at 19:05 51 PTT Oil and Retail Business is gearing up for its new non-oil business expansion, including Ohkajhu organic restaurants. (Photo supplied) PTT Oil and Retail Business (OR) is putting new non-oil businesses it has recently invested in, including Ohkajhu organic restaurants and Pacamara coffee houses, on a fast track for business expansion, OR president and chief executive Jiraphon Kawswat says. The new non-oil businesses will consume 15% of its 74-billion-baht capital spending budget between 2021 and 2025. T...