PTT to slash costs amid US tariff burden

Quick Summary:

National oil and gas conglomerate PTT Plc plans to cope with US tariffs and a dip in global oil prices by reducing expenses and increasing operational efficiency to boost profits.

The company has earned 8 billion baht from asset monetisation thus far, and set a goal of 15 billion baht for this approach, said Mr Kongkrapan.

Asset monetisation is another approach to increase earnings, he said, adding the company will consider selling parts of its assets and promoting those with potential growth.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Expected Increase Asset Expenses Year Billion Prices Baht Company Global Kongkrapan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 05:27:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 28895293

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 15 posts per day

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Publisher ID: #66

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