Showing 1 - 10 of 345
Gulf ramps up debt with B300bn fundraising plan
Yuthana Praiwan, Published on 02/06/2025
» SET-listed Gulf Development, Thailand’s largest power company by market value and a telecom operator, is to raise 300 billion baht to refinance and boost future investment after merging with Intouch Holding Plc, the parent firm of Advanced Info Service (AIS).
Thailand's richest man raises stake in Kasikornbank, now No.3 shareholder
Published on 19/05/2025
» Gulf Development Plc, controlled by Thailand’s richest man Sarath Ratanavadi, has raised its stake in Kasikornbank Plc to about $610 million, making it the commercial lender’s third-largest shareholder.
Gulf reports Q1 profits surge 28% to B5.3bn
Business, Yuthana Praiwan, Published on 10/05/2025
» SET-listed Gulf Development's diversification into the telecom business is bearing fruit, helping the energy developer drive revenue in the first quarter, with net profit soaring by 28% to 5.3 billion baht.
Trump tariff tsunami sinks regional shares
Business, Published on 05/04/2025
» RECAP: Asian shares fell to their lowest level in two months yesterday, extending a global selloff in stocks after US President Donald Trump's latest tariff measures drove investors into safe-haven assets.
Rating uplift boosts Gulf's confidence
Business, Published on 04/04/2025
» Gulf Development Plc (Gulf), recently established through the merger of Gulf Energy Development Plc and Intouch Holdings Plc, expects bright business prospects, thanks to a better credit rating and continual financial support over the next five years.
Thailand's richest man picks bad day to debut his flagship firm
Bloomberg News, Published on 03/04/2025
» Thailand's richest man may have picked a bad day for his newly forged flagship company, Gulf Development Pcl, to begin trading.
Tris upgrades Gulf on financial profile
Business, Published on 03/04/2025
» Tris Rating has upgraded the corporate credit rating of Gulf Development Plc from A+ to AA-, while its senior unsecured debentures were raised from A to AA-, with a stable outlook.
Senate Pushes AI and Data Centre Growth
Published on 31/03/2025
» The Senate Committee on Information, Communication and Telecommunications Technology is expediting its strategy to promote investment in data centres and the adoption of artificial intelligence (AI) to strengthen Thailand’s digital economy. The committee has mobilised 71 organisations from the government and private sectors to host a major seminar aimed at exchanging knowledge, identifying challenges, and stimulating the development of domestic data centres. The initiative seeks to reduce reliance on foreign technology, enhance national technological capabilities, and accelerate the development of skilled manpower, with a goal of cultivating one million AI professionals.
Gulf Development allots B100bn budget
Business, Yuthana Praiwan, Published on 26/03/2025
» Gulf Development Plc, a new firm established by the merger of Gulf Energy Development Plc and Intouch Holdings Plc, is planning to spend 100 billion baht over the next five years synergising energy and telecom businesses, as well as developing a data centre facility.
Intouch shareholders approve merger with Gulf
Published on 25/03/2025
» Shareholders of the SET-listed telecom company Intouch Holdings on Tuesday approved a merger with Gulf Energy, the power company controlled by billionaire Sarath Ratanavadi, clearing the way for a trillion-baht merger to go ahead.