More aggression by PTT to expand businesses in ASEAN countries

12-Oct-10

In a bid to capitalise on the single-market Asean Economic Community in 2015, Thailand’s PTT plans to move more aggressively in expanding its existing businesses in ASEAN countries. The AEC, with a population of 580 million, promises huge investment and trade potential. PTT has drawn up the Indochina Cost Plus plan to prepare for its plan to penetrate deeper into Asean- on a case-by-case basis. It might only export to some countries, and open petrol stations in few others. PTT aims to boost the non-oil business in the domestic retail market from 10% of total profit to 50% within 5 years. Exports have commenced to test the market in countries such as Burma, Laos, Cambodia and Vietnam, as well as southern China.