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Friday, May 10, 2024

With budget delayed, PTT accelerates 30bn investment to boost GDP

He also commented on global economic trends, along with those in Thailand this year, noting that the global economy is continuously expanding, while inflation remains subdued. The Thai economy is also growing positively but may face various challenges.

The five key factors to watch in the global context are the economic recovery of individual countries, monetary policies of countries especially after central banks worldwide are maintaining high-interest rates to contain inflation within target levels, crude oil production from oil-exporting countries (OPEC), the supply from non-OPEC countries, (non-OPEC) and geopolitical risks that need to be closely monitored.

Auttapol said PTT will invest over the next five years according to the planned allocation, with key business segments as follows: natural gas business: 30.636 billion baht, accounting for 34%; natural gas pipeline business:…

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