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Search Result for “asset acquisition”

Showing 1 - 10 of 702

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GENERAL

Banpu acquires Bedrock for $370m

Business, Lamonphet Apisitniran, Published on 01/10/2025

» Energy conglomerate Banpu Plc has acquired Bedrock Production Llc, which owns upstream and midstream assets in the Barnett Shale in Texas, in the US. The transaction is valued at US$370 million or roughly 12 billion baht.

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GENERAL

Regional shares advance after Wall Street rally

Business, Published on 30/08/2025

» RECAP: Most Asian stocks edged higher on Friday, riding a tech-driven rally on Wall Street, while mounting expectations for a US interest rate cut next month prompted investors to rotate back into riskier regional assets.

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GENERAL

Thai unicorn head honchos cut to the chase

Business, Suchit Leesa-nguansuk, Published on 22/08/2025

» Thailand’s three unicorns — Bitkub Capital Group Holdings, Flash Express and Line Man Wongnai — are entering a transformative phase as they gear up for initial public offerings (IPO) and aim to become part of the country’s critical infrastructure.

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THAILAND

EGCO profit jumps 88% on strong performance

Published on 15/08/2025

» Bangkok, August 15, 2025 - Electricity Generating Public Company Limited (EGCO Group) has announced strong first-half 2025 results, posting a net profit of 5,734 million baht—an increase of 2,679 million baht or 88% year-on-year. The solid performance was largely driven by the company’s “Triple P” strategy, which emphasises strategic asset recycling. 

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GENERAL

Japan rally paces region as trade worries ease

Business, Published on 09/08/2025

» RECAP: Most Asian stock markets gained on Friday, led by a rally in Japanese shares amid signs of easing trade tensions with the US, and optimism that Tokyo will be able to negotiate lower automobile tariff rates with Washington.

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THAILAND

Cabinet permits changes to sub deal

News, Mongkol Bangprapa, Published on 07/08/2025

» The cabinet has approved amendments to the long-delayed Chinese procurement submarine project, including a switch from German-made engines to Chinese-made ones and a 1,217-day extension to the construction timeline.

GENERAL

Shares rally as Trump delays Iran decision

Business, Published on 21/06/2025

» RECAP: Asian equities staged a relief rally and the dollar declined after the White House said President Donald Trump would decide within two weeks whether Washington will join Israel in launching strikes against Iran.

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GENERAL

Egco acquires 49% interest in US clean power projects

Business, Yuthana Praiwan, Published on 20/06/2025

» SET-listed Electricity Generating (Egco), a power generation arm of Electricity Generating Authority of Thailand, has acquired a 49% share in clean power projects in the US, stepping up efforts to reach its goal of having renewable energy assets account for 30% of the company's total assets within five years.

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PROPERTY

Developers' Q1 profits plunge to decade-low

Business, Kanana Katharangsiporn, Published on 04/06/2025

» The first-quarter net profit of 10 SET-listed residential developers has fallen to 3.56 billion baht, the lowest level in over a decade and less than half the five-year average, attributed to the economic slowdown and sluggish housing demand, Kasikorn Securities reported.