Showing 1 - 10 of 139
Billionaire Sarath’s Gulf doubles Kbank stake
Bloomberg and Online Reporters, Published on 14/02/2026
» Gulf Development Plc, controlled by billionaire Sarath Ratanavadi, has doubled its stake in Kasikornbank Plc to become the Thai commercial lender’s largest shareholder.
Weak Thai tourism set to crimp baht year-end rally, analysts say
Bloomberg News, Published on 21/10/2025
» The Thai baht’s traditional year-end rally will be dimmed as Chinese tourists continue to shun the country and traders bet on interest rate cuts, according to analysts.
Gulf prudent about new investment
Business, Yuthana Praiwan, Published on 12/06/2025
» SET-listed Gulf Development, Thailand's largest energy company by market value and a telecom operator, is adopting a cautious approach to new investment this year to avoid risks caused by global economic and political uncertainties.
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
Bloomberg, 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.
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.
Trump tariff tsunami sinks regional shares
Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 05/04/2025
» RECAP: Asian shares fell to their lowest level in two months yesterday, extending a global selloff in stocks after US President Donald Trump's latest tariff measures drove investors into safe-haven assets.
Rating uplift boosts Gulf's confidence
Business, Yuthana Praiwan, Nuntawun Polkuamdee and Komsan Tortermvasana, 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.
Thailand's richest man picks bad day to debut his flagship firm
Bloomberg News, Published on 03/04/2025
» Thailand's richest man may have picked a bad day for his newly forged flagship company, Gulf Development Pcl, to begin trading.
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.