PTT Oil and Retail Business Public Company Limited (OR) has reached an agreement to invest in Indonesian travel platform Traveloka, per an announcement.
The value of the potential investment was not disclosed. OR said the investment will be made through its subsidiary PTTOR International Holdings (Singapore) Pte Ltd.
By expanding into the travel sector, OR expects to develop a one-stop solution for all lifestyle offerings on its platform, after having invested aggressively in technology…