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Business deals

Thailand's PTT seeks bidding partner for $7bn rail project

Energy group expects high-speed link to cut logistics costs and boost retail revenue

Thai energy group PTT sees opportunities to expand its retail business -- an important revenue generator --  along the proposed high-speed rail line.   © Reuters

BANGKOK -- Thai oil and gas group PTT is in discussions with potential partners about a joint bid for an estimated $7 billion high-speed train project linking three major airports, as part of the country's Eastern Economic Corridor plan to promote high-value manufacturing

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