Showing 1 - 10 of 16
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.
Gulf's KBank share purchase sparks takeover speculation
Published on 20/03/2025
» Gulf Energy Development (Gulf) has become the fifth-largest shareholder in Kasikornbank (KBank), Thailand’s third-largest lender by asset value, in a move that sparked speculation that the energy giant may replicate its takeover of Intouch Holdings (INTUCH).
Scandal stalks stocks
Published on 22/07/2024
» The Stock Exchange of Thailand (SET) was recently hit by an accounting and embezzlement scandal at Stark Corporation, which is estimated to have cost at least 14.7 billion baht in damages to shareholders and stock investors.
Much hangs on Gulf, InTouch deal
Business, Published on 18/07/2024
» The planned amalgamation of Gulf Energy Development (Gulf) and InTouch Holdings (INTUCH) is aimed at simplifying the shareholding structure, strengthening the group's financial status and balancing the investment portfolio.
Gulf presents plan for energy, digital asset and virtual bank
Business, Published on 21/03/2024
» Gulf Energy Development, one of Thailand's largest private power producers, has outlined strategies to expand to digital asset exchange and virtual banking businesses, while continuing to build its key energy segment.
Seeing stars in 2024
Business, Published on 01/01/2024
» Many economists project Thailand to be on a recovery course thanks to resilient domestic demand and an uptick in tourist arrivals.
Playing the waiting game
Business, Published on 29/05/2023
» Before May 14, many investors and analysts were hopeful that the general election could reverse the "sell in May" phenomenon, which refers to the Thai bourse traditionally underperforming during the hot, dry months.
Firms vow ESG principles are here to stay
Business, Published on 19/11/2022
» Leading businesses are adopting environment, social and corporate governance (ESG) practices, in line with government efforts to protect the environment and build a sustainable society.
Gulf poised to acquire InTouch
Business, Published on 20/04/2021
» SET-listed Gulf Energy Development, the country's biggest private power producer by market value, has announced its intention to acquire InTouch Holdings, the parent firm of the country's biggest telecom operator, Advanced Info Service (AIS), through a share purchase worth 168.9 billion baht.
OR deems IPO a 'historic fundraising round'
Business, Published on 04/02/2021
» PTT Oil and Retail Business (OR) has recorded 530,000 subscriptions for OR shares among retail investors at the final price of its IPO at 18 baht per share in what it says is a historic fundraising round.