Thailand's PTT beefs up retail, power investments to tackle slowing growth

Thailand's PTT beefs up retail, power investments to tackle slowing growth

PTT CEO Chansin Treenuchagron speaks during the 20th Asia Oil & Gas Conference in Kuala Lumpur, Malaysia June 24, 2019. REUTERS/Lai Seng Sin

Thailand’s largest energy firm PTT Pcl has stepped up investments in the retail and industrial power sectors as a buffer against the impact of a global economic slowdown on its oil refining and chemical businesses, its CEO said on Monday.

“We have a global challenge and that is the (U.S.-China) trade war. That is one of our challenges – how can we survive in the short term?” PTT‘s President and Chief Executive Officer Chansin Treenuchagron told Reuters.

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