Saturday, November 17, 2018
  • share this

PTT to spend P500M in ’18 for more stations, cafes

/ 05:10 AM December 07, 2017

PTT Philippines Corp. has earmarked at least P500 million for its expansion in 2018 as it revs up its non-oil business, particularly the coffee shop chain Café Amazon.

The amount is part of PTT Philippines’ P5-billion capex plan for the next five years, an official said in a media briefing yesterday.


Sukanya Seriyothin, PTT Philippines president and chief executive, said the expenditure kitty would go primarily to the opening of more than 30 gasoline stations and about 12 Café Amazon stores across the country.

“We remain confident on the business climate in the Philippines that’s why from 20 stations that we targeted this 2017 which we actually exceeded, we are targeting more than 30 stations next year,” Seriyothin said.


PTT now has a total of 120 stations in the Philippines, with 15 stations each in Metro Manila and the Visayas. The rest are spread out in Luzon outside the capital.

PTT Philippines marketing director Thitiroj Rergsumran also said the company intended to open 12 Café Amazon stores in 2018. The Thai firm currently has six in the Philippines.

Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Café Amazon, PTT Philippines Corp.
For feedback, complaints, or inquiries, contact us.

Sotto defends Duterte’s ‘power naps’ in Singapore

November 17, 2018 08:08 PM


Fun run stalls traffic in Filinvest City Alabang

November 17, 2018 07:55 PM


Poe questions DILG plan to sue ’Ang Probinsyano’

November 17, 2018 07:35 PM


More people seen to have sex in self-driving cars

November 17, 2018 07:09 PM


China, US trade barbs in speeches at Apec Summit

November 17, 2018 06:51 PM

© Copyright 1997-2018 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.