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Crooks, fraudsters, and palace

The story of four high-profile suspects arrested in connection with a fraudulent investment ring estimated to have made off with at least 1 billion baht reminded us of an earlier hi-so fraud. In the recent case, police detained “Lt Col Dr Amraporn Visetsuk, chairwoman of the Tiao Puea Chart (Travel for the Country) project, and…

Singapore SWF is a Cornerstone Investor in Thailand s PTT Oil and Retail

Singapore SWF is a Cornerstone Investor in Thailand’s PTT Oil and Retail Posted on 01/14/2021 PTT Public Company Limited or simply PTT (Thai: ปตท.) is a Thai state-owned SET-listed oil and gas company. Formerly known as the Petroleum Authority of Thailand, it owns extensive submarine gas pipelines in the Gulf of Thailand, a network of LPG terminals throughout the kingdom, and it is involved in electricity generation, petrochemical products, oil and gas exploration and production, and gasoline retailing businesses. PTT price its initial public offering (IPO) of shares in retail unit PTT Oil and Retail (PTTOR) to raise up to US$ 1.8 billion. PTT will hold 75% to 77.5% of shares after the IPO.

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