Showing 1 - 10 of 84
Gulf sees Thailand as data centre, cloud services hub
Business, Yuthana Praiwan, Published on 27/08/2025
» Thailand has the potential to become a hub for data centres and cloud services in Southeast Asia, due partly to the development of more facilities in this sector, says Gulf Development Plc, Thailand’s largest energy company by market value and a telecom operator.
Gulf acquires hydropower project in Laos for $128m
Yuthana Praiwan, Published on 23/07/2025
» SET-listed Gulf Development, a telecom operator and Thailand’s largest energy company by market value, has purchased the entire shareholding of the Pak Lay hydropower project in Laos for US$128 million to boost its renewable power generation and revenue by supplying electricity to Thailand.
Gulf acquires renewable power projects for B1.1bn
Business, Yuthana Praiwan, Published on 16/07/2025
» SET-listed Gulf Development, Thailand's largest energy company by market value, is continuing to boost its renewable power generation capacity by spending 1.1 billion baht to acquire waste-to-energy power plants and refuse-derived fuel production projects held by two companies.
Gulf hits renewable target 5 years early
Business, Yuthana Praiwan, Published on 30/06/2025
» SET-listed Gulf Development, Thailand's largest energy company by market value and a telecom operator, has achieved its target to increase its renewable power proportion to 40% of total electricity generation capacity following a recent investment in solar farms.
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.
LNG imports may create hub status
Business, Yuthana Praiwan, Published on 10/05/2025
» The government's plan to import more liquefied natural gas (LNG) from the US could not only ease the trade imbalance between the two countries, but also lead to a new business opportunity.
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.
Gulf to jointly prep new LNG terminal
Business, Yuthana Praiwan, Published on 09/04/2025
» SET-listed Gulf Development, a power and telecom operator, is preparing to jointly build a liquefied natural gas (LNG) receiving terminal in Map Ta Phut deep-sea port to strengthen its gas business.
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.