Editorâs Sidelines, July 2021: Playing The Long Game
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This story appears in the July 31, 2021 issue of Forbes Asia. Subscribe to Forbes Asia
Here we are, more than halfway through 2021, and an end to the pandemic remains elusive. Thankfully, some countries can now focus on vaccination rates and reaching herd immunity, but in others there are fresh outbreaks. For all the enormous progress, the world is far from out of the woods. New waves include those of the Delta variant, which is more virulent and contagious.
Columnist Rich Karlgaard posits a world in which we will see a âroaringâ 2020s, a global boom that will follow the conclusion of this pandemic, mimicking what happened in the 1920s after the end of the Spanish Flu pandemic. Yet itâs unclear how much darkness remains before that dawn. Patience appears to be gaining ground as a necessary trait in todayâs world.
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OR makes impressive debut on bourse
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published : 12 Feb 2021 at 05:32 SET president Pakorn Peetathawatchai, centre left, congratulates OR on its first trading day.
Shares of PTT Oil and Retail Business Plc (OR) opened for trading at 26.50 baht per share in its debut on Thursday on the Stock Exchange of Thailand (SET), up 47.2% from its initial public offering (IPO) price of 18 baht, before closing at a high of 29.25 baht in trade worth 47.4 billion baht.
OR operates locally and internationally with registered paid-up capital of 116 billion baht, with a par value of 10 baht each.
The company raised 54 billion baht in its IPO in January, ranking as the SET s largest IPO and the highest among oil companies in Asia since 2007, with total market capitalisation of 209 billion baht.