PTT to expand retail, power sectors due to economic growth

With global demand for oil slowing down, the Thai energy company is planning to invest in retail and other power sectors.

Thailand’s state energy firm PTT Pcl is increasing its investment in the retail and industrial power sectors to avoid the effects of global economic slowdown.

"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.

One way to create more income would be expanding its retail business, he added, including expanding its Cafe Amazon brand of coffee shops across Asia.