Connect with us
CGIF-10th-Year-Anniversary

Business

PTT to invest 30bn ($967M) baht in EEC

PTT Public Company Limited has allocated some 30 billion baht, to invest in newer forms of energy in the Eastern Economic Corridor (EEC)

National News Bureau of Thailand

Published

on

BANGKOK, (NNT) – The global economic slowdown and trade war have caused fluctuations in energy prices. In response, PTT Public Company Limited has allocated some 30 billion baht, to invest in newer forms of energy in the Eastern Economic Corridor (EEC), while the company’s profit in 2019’s first half was reduce by higher oil prices.

PTT President Chansin Treenuchgorn has revealed the company’s financial report on the first six months of 2019, saying that the company’s revenue had increased by 9.44 billion baht year-on-year, making the company’s gross revenue 1.12 trillion baht.

The company has 55.25 billion baht profit after subtracting operational costs, which is less than the previous year by 21 percent, at 14.57 billion baht, due to higher oil pricing which is still on average below last year, effects from the trade war, and economic slowdown.

The company has made adjustments to its investment portfolio by expediting new investments, and cutting down on unnecessary spending.

In the latter half of this year, the company has investment plans in the Eastern Economic Corridor (EEC) and with startup businesses of 200 billion baht, as well as investments in Map Ta Phut industrial park and Laem Chabang port in Q4, 2019 with a 30 billion baht gross investment budget.

The company wants to make long-term investments in newer, more environmentally friendly projects such as Smart City, clean energy, and battery development for 10 years.

It is expected that oil prices in the latter half of 2019 will be between 65-68 USD per barrel.

Source link

Comments

Business

Online intellectual property dispute platform to go live next year

The online dispute settlement platform for intellectual property cases will assist with cases related to copyright, patents, and trademark infringements using digital technology.

National News Bureau of Thailand

Published

on

Pantip Plaza Electronic display

BANGKOK (NNT) – The Department of Intellectual Property has introduced its online dispute settlement services covering intellectual property cases that it developed with the Thai Arbitration Institute.

(more…)
Continue Reading

Business

Thailand pushes for “Ease of Doing Business” reforms

Thailand is in the process of responding to the World Bank’s advice and the “Ten for Ten” proposal by five ambassadors to Thailand, according to Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow.

Olivier Languepin

Published

on

The government has made improving the business environment in Thailand a key policy by setting a goal to raise the ranking of the ease of doing business to be among the top 20 countries in the world.

(more…)
Continue Reading

Business

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Pr News

Published

on

By

Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,493 other subscribers

Trending