Showing 1 - 10 of 10
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.
Top five business news stories of 2024: Sealing deals
Business, Published on 25/12/2024
» The outlook for Thai small businesses this year was not prosperous, as the economy continued to grow at a sluggish pace.Some large companies outperformed others, but often they were forced to adjust their structures and increase liquidity through major transactions.Notable deals included the separation of the food and real estate businesses within the Sirivadhanabhakdi family, as well as the year-end investment by CP Axtra, under Charoen Pokphand (CP) group, in the Happitat mall at Forestias, also under the CP umbrella.Several other corporations wrapped up deals in a bid to strengthen their position.
Gulf-Intouch restructuring to finish in 2025
Business, Published on 25/12/2024
» In July 2024, Gulf Energy Development Plc (GULF) and Intouch Holdings Plc (INTUCH) announced a strategic amalgamation to restructure related companies within the group.
Local EV industry sees bright prospects
Business, Published on 07/05/2024
» Local operators of businesses related to electric vehicles (EVs) remain upbeat about the growth prospects of the Thai EV market, as they do not expect a slump similar to the one in Europe.
Bonds purchase to support BCPG's storage ambitions
Business, Yuthana Praiwan, Published on 06/07/2021
» BCPG Plc, the renewable energy arm of Bangchak Corporation Plc, has invested in Vancouver-based VRB Energy by purchasing its convertible bonds worth US$24 million in a move to fuel development of utility-scale energy storage business.
PTT cleared to buy Chevron stake
Business, Yuthana Praiwan, Published on 28/05/2016
» Energy Minister Anantaporn Karnjanarat has given the green light for PTT Plc, the national oil and gas conglomerate, to acquire Chevron's stake in Thai gas resources.
PTT to exit gas pipeline business
Business, Published on 20/08/2014
» National oil and gas conglomerate PTT Plc expects to start unloading its gas pipeline business this year.
Rising Sun to power Thai panels
Business, Yuthana Praiwan, Published on 23/07/2013
» Green Earth Power (Thailand), a privately owned Thai company, is entering the solar rooftop market in Japan to add to its existing US$285-million solar farm project in Myanmar.
PTTEP tops Shell
Business, Yuthana Praiwan, Published on 24/05/2012
» Competition to acquire the London-based Cove Energy Plc is heating up after PTT Exploration and Production Plc (PTTEP) raised its offer to 1.22 billion (60.4 billion baht), topping a bid by Royal Dutch Shell Plc.
Shell sweetens Cove bid to $1.8bn to match PTTEP's
Business, Published on 25/04/2012
» LONDONRoyal Dutch Shell Plc, Europe's largest oil company, agreed to buy Cove Energy Plc after raising its bid to 1.12 billion ($1.8 billion), securing a stake in gas fields discovered off Mozambique.