Thai Energy Giant PTT Will Invest in Traveloka

Thailand-based public firm PTT Oil and Retail Business (PTTOR) is set to invest in Indonesian travel superapp Traveloka, through its subsidiary, PTTOR International Holdings Singapore.

While the value of the investment has not yet been disclosed, the retail arm of Thailand's state-owned energy giant PTT, through its collaboration with Traveloka, aims to provide additional lifestyle solutions to its customers in line with its strategy to become a