Connect with us

Corporate

Thailand’s largest oil and gas firm (PTT) ready for huge investments

PTT is drafting a 20-year investment plan in which it will outline the largest investment in the company’s history, taking it into new areas of the energy industry.

Avatar

Published

on

PTT Public Company Limited, is drafting a 20-year investment plan in which it will outline the largest investment in the company’s history, taking it into new areas of the energy industry.

Loading...

Excerpt from:
PTT draws up 20-year plan for huge investments

A source within Thailand’s largest oil and gas firm said the major investment plan, which would outline PTT’s business direction between next year and 2030, would focus on upstream and downstream sectors, alternative energy and the petrochemical industry. It is also interested in investing in power plants and coal business.

Key risks to the outlook are (i) political uncertainty and (ii) the timing of the withdrawal of fiscal and monetary stimulus. Increased political tensions may have a long-lasting impact on investment, and withdrawal of stimulus (in Thailand and the advanced economies) must be precisely timed to avoid macroeconomic imbalances (including new asset bubbles) while also ensuring that the recovery is on a sufficiently solid footing.

PTT is one of the largest corporations in the country and also the only company from Thailand that listed in the Fortune Global 500 companies

Thailand’s GDP growth remains largely tied to external demand and developments in advanced economies will continue to dominate the path of the economy in the short- and medium-term. The external environment has been relatively more favorable in the past six months as the effects of fiscal and monetary stimulus are felt and inventories in the advanced economies are being replenished, supporting production into the medium term. However, full recovery from the financial crisis and a return to high rates of import demand growth in developed countries is not expected in the near term, as US consumers have to rebuild their balance sheets following a decrease in wealth in the order of US$14 trillion while employment prospects remain weak. As a result, growth rates of high income countries are expected to be subdued at under 2 percent in 2010, implying continued weak demand for Thai exports.

Corporate

The 3 key barriers to remote working (and how to overcome them)

COVID-19 created the world’s largest remote working experiment and, for many, showed just how possible it was for employees to do their jobs without being at the office.

Daniel Lorenzzo

Published

on

Following the real-world experiment with remote working, it’s time for business leaders to re-examine their previous misgivings, and explore how to adopt flexible working in the long term

Loading...
(more…)

Continue Reading

Corporate

Digital transformation: what will be the long‑term effect of Covid‑19?

For many businesses, the Covid-19 pandemic was the catalyst for their organisational caterpillar to evolve toward digital transformation. Yet following the crisis, it remains to be seen which companies will emerge with wings – and which will simply be crawling along slightly faster than before.

Daniel Lorenzzo

Published

on

The outbreak of Covid-19 forced the rapid adoption of remote working practices and an acknowledgment of the importance of digital transformation. Following the pandemic, what will the lasting impact be?

Loading...
(more…)

Continue Reading

Corporate

Fitch Ratings Expects Improvement of Thai Corporates’ Credit Outlook

Fitch said the outlook for the food retail sector in 2021 would remain stable as earnings rebound, while the outlook for the building material and power & utilities sectors to be stable in the coming years.

National News Bureau of Thailand

Published

on

logomain

BANGKOK (NNT) – The credit rating agency Fitch Ratings expects Thai corporates’ credit outlook to improve this year as vaccination is rolled out and economic activity recovers.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

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

Join 13,974 other subscribers

Latest

Trending