Thai Business Funds Traveloka

Investment will be provided by PTTOR International Holdings Pte. Ltd. in Singapore, which is a subsidiary of PTT Oil and Retail Business (OR), for the online travel startup Traveloka, which is based in Jakarta. The PTT Oil and Retail Business (OR) is a significant player in the petroleum and gas industries in Thailand. According to Jiraphon Kawswat, President and Chief Executive Officer of OR, the connection between Thailand's state-owned ....