Showing 1 - 10 of 206
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).
New True chief vows to pay firm's 1st dividend in 25 years
Business, Komsan Tortermvasana, Published on 14/05/2025
» The newly appointed group chief executive of True Corporation has outlined his mission for the first 100 days, writing a new chapter for the telecom company by continuing its profitability, driving operations of trusted services, and strengthening data centre development.
CP Axtra Q1 revenue hits B130bn
Business, Published on 12/05/2025
» CP Axtra Plc, the operator of leading wholesale and retail brands Makro and Lotus's, reported total revenue of 130 billion baht in the first quarter this year.
CPAXT Posts Strong Q1 Growth, Leads E-Grocery
Published on 09/05/2025
» Bangkok, 8 May 2025 — CP AXTRA Public Company Limited (“the Company” or “CPAXT”), operator of leading wholesale and retail brands Makro and Lotus’s, announced robust Q1/2025 results, posting total revenue of Baht 129.95 billion. Adjusted net profit rose 10.3% year-on-year, driven by continued strong performance across both wholesale and retail segments.
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.
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.
True’s Scale Powers AI Ethics, Cyber Safety, Climate Action
Published on 31/03/2025
» Marking two years since the amalgamation of True and dtac, True Corporation has released its latest sustainability achievements, underscoring how its expanded scale is accelerating progress in ethical AI, digital safety, and climate action. The telecom-tech leader has leveraged its combined strengths to modernise infrastructure, empower communities, and reduce environmental impact across Thailand.
Keep Muay Thai's roots alive
Oped, Published on 27/03/2025
» For decades, most people have known Thai boxing, or Muay Thai, through televised matches, unaware the sport has an ancient legacy of diverse traditions that are obscured in the familiar ring fights.
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.