Thailand’s PTT Oil and Retail will invest $405 million in the expansion of its Cafe Amazon network and its Texas Chicken franchise, accounting for 45 percent of its $900 million capital expenditure budget
According to CEO Disathat Panyarachun, 400 Cafe Amazon stores are slated to open this year, along with 122 gas stations and 500 EV charging stations.
PTT is also eyeing potential mergers and acquisitions.
Café Amazon, which was founded in 2002, has 3900 locations in its home market and more than 350 locations in ten overseas countries, including Japan, Oman, Saudi Arabia, Cambodia, Vietnam, Laos, China, Malaysia, Burma, and the Philippines.
The Thai café chain opened its first outlet in Saudi Arabia last year with plans to open 150 more by 2032. By 2025, Café Amazon plans to add 1,000 new locations abroad.
The company’s retail portfolio includes Texas Chicken, c-store chain Jiffy and Pearly Tea.


How to support someone who is grieving: five research-backed strategies
Office design isn’t keeping up with post-COVID work styles - here’s what workers really want
US Dollar Climbs to Weekly High as Middle East Tensions Lift Treasury Yields and Safe-Haven Demand
Gold Price Climbs Above $4,130 as Middle East Tensions Boost Safe-Haven Demand
Booked to travel through the Middle East? Here’s why you shouldn’t cancel your flight
Houthi Naval Blockade on Saudi Arabia Escalates Iran Conflict, Threatens Global Oil Supply
South Korea Q2 GDP Beats Forecasts as AI Chip Exports Drive Growth
Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook
The pandemic is still disrupting young people’s careers
Why financial hardship is more likely if you’re disabled or sick
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock
Nasdaq Drops as AI Earnings, Oil Surge and Middle East Tensions Weigh on Wall Street
Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge
Why have so few atrocities ever been recognised as genocide?
Asian Stocks Rise as Oil Retreats on Iran Ceasefire Hopes Ahead of Key AI Earnings
Japan Yen Slides Past 163 as Middle East Tensions Lift US Dollar, Oil Prices
Samsung Eyes Up to $1.14 Billion Investment in AI Startup Mistral 



