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The Latest Breaking News from Gulf

Korat wind farm partners to appeal court ruling

SET-listed Gulf Energy Development and Gunkul Engineering Plc will appeal a Nakhon Ratchasima Administrative Court ruling revoking their land rights to operate a wind farm in the northeastern province.

Bangkok Post

Williams: Loss of Latifi’s F1 sponsorship not as big as suggested

Williams claims it is in a “more robust” commercial position heading into the new Formula 1 season despite the loss of income from former driver Nicholas Latifi’s sponsors.

Autosport

Porsche boss “as surprised as anyone” over F1 Gulf-Williams social media frenzy

Porsche’s head of motorsport Thomas Laudenbach found it “funny” that streamlining its Instagram channels caused a Formula 1 social media speculation frenzy last month.

Motorsport

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Porsche boss “as surprised as anyone” over Gulf-Williams F1 social media frenzy

Porsche’s head of motorsport Thomas Laudenbach found it “funny” that streamlining its Instagram channels caused a Formula 1 social media speculation frenzy last month.

Autosport

Gulf looking at full F1 livery option with Williams

Gulf says it is open to the idea of a one-off full livery takeover of the Williams Formula 1 car, like it did with McLaren at the 2021 Monaco Grand Prix.

Autosport

Williams 2023 F1 car livery: Historic team unveils FW45 as new deal struck with Gulf Oil

Haas kicked off F1's livery reveal season last week with a social media campaign while Red Bull followed with a huge New York event – Williams have now become the third to show off their design with something in between

Daily Mirror

Edinburgh's cheapest petrol stations ranked as new list switches things up

As we head into the last week of January, many will be trying to limit their outgoings when it comes to their petrol consumption - so where can you source cheap fuel in Edinburgh?

Edinburgh Live

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Tris upgrades Gulf ratings, maintains stable outlook

Tris Rating has upgraded the company rating for Gulf Energy Development Plc to A+ from A, also moving the rating on Gulf's senior unsecured debentures to A from A-.

Bangkok Post

Mergers shake up the landscape

Amid economic challenges and rapid changes in various sectors, the strategic approach of mergers and acquisitions (M&A) was used to help businesses stay afloat and elevate their competitiveness, in addition to partnership agreements.

Bangkok Post

Gulf, SCG urge government to assist Thai firms globally

Gulf Energy Development and Siam Cement Group (SCG) are urging the government to improve Thai companies so they can stand out in the global business arena.

Bangkok Post

Crucial year for burgeoning space economy

Thailand's satellite-related economy is expected to reach an important milestone next year with two major developments -- the auction of rights to use satellite orbital slots, scheduled for Jan 8, and a push by the telecom regulator to amend the rules governing landing rights licences for foreign satellite operators, paving…

Bangkok Post

Sarath again richest shareholder, worth over B200bn

Sarath Ratanavadi, chief executive of Gulf Energy Development plc (GULF), is the richest shareholder in the Thai capital market for the fourth consecutive year, with shares worth 219 billion baht.

Bangkok Post

5 Stocks With Juicy Dividends to Buy Now

A possible recession caused by the Fed’s continued interest rate hikes is expected to weigh on investor sentiment and keep the market volatile in the upcoming months. Therefore, investors looking to limit risks and add stability to their portfolios could buy Sysco (SYY), Hillenbrand (HI), Ennis (EBF), Sisecam Resources (SIRE),…

StockNews.com

McLaren's F1 partnership with Gulf won't be extended

McLaren's partnership with the iconic Gulf Oil brand is to end this year, with their sponsorship contract not being extended into 2023.

Motorsport

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Bangkok Post

AIS chief expected to carry on in 2023

Somchai Lertsutiwong, chief executive of Advanced Info Service (AIS), is expected to continue his leadership role at the country's leading mobile operator for one or two more years following his scheduled retirement at the end of this year, according a source at AIS's parent company InTouch Holding.

Bangkok Post

Gulf's B10.8bn Thaicom buyout raises eyebrows

Gulf Energy Development Plc, Thailand's biggest private power producer by market value, is pushing for the acquisition of satellite service provider Thaicom Plc for 10.8 billion baht as it explores new business opportunities in the space economy.

Bangkok Post

Gulf leads the way in M&A category

Gulf Energy Development Plc won the "Deal of the Year Awards -- Mergers & Acquisitions Deal" award for the tender offer for securities of Intouch Holdings Plc and Advanced Info Service Plc (ADVANC) at the 19th SET Awards ceremony, held at the Stock Exchange of Thailand.

Bangkok Post

Gulf makes it to SET's THSI list for 2022

Gulf Energy Development is among 170 companies included on the Stock Exchange of Thailand's Thailand Sustainability Investment (THSI) list for 2022, making the register in the resources category for the fourth consecutive year.

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Bangkok Post

Gulf kicks off Chon Buri gas-fired plant

SET-listed Gulf Energy Development, Thailand's biggest private power producer by market value, continues to ramp up growth of its energy business by selling electricity from its newly built gas-fired power generation unit in Chon Buri.

Bangkok Post

Gulf expands in US with gas purchase

SET-listed Gulf Energy Development, Thailand's biggest private power producer by market value, has purchased 49% of Jackson Generation, a gas-fired power plant in Illinois, for US$400 million (15 billion baht) as it embarks on its US expansion.

Bangkok Post

Gulf Energy invests $409m for 49% stake in US gas-fired plant

SET-listed Gulf Energy Development (Gulf) on Friday said it has invested US$409 million in a 49% stake in Jackson Generation, a 1,200-megawatt natural gas-fired power project in Illinois, its first expansion into the United States.

Bangkok Post

Gulf vows to stick with Binance deal

The scrapped Siam Commercial Bank (SCB)-Bitkub investment deal has not deterred Gulf Energy Development from its decision to venture into the digital asset business, with the company saying it was determined to benefit from the latest trend in new technology.

Bangkok Post

Speculation mounts over future role of AIS chief executive

Somchai Lertsutiwong, chief executive of leading mobile operator Advanced Info Service (AIS), is tipped to be requested to continue in his current role for another one or two years or become an adviser to the new leadership after his retirement at the end of this year, according to industry sources.

Bangkok Post

Gulf increases capital spending by 20%

SET-listed Gulf Energy Development, Thailand's biggest private power producer by market value, has increased its capital spending by 20% to 120 billion baht as it plans to acquire more new assets in the clean energy sector.

Bangkok Post

Global markets advance, foreigners power SET

RECAP: Global markets advanced as investors believe inflation might be starting to ease in many countries, but they were awaiting further signals yesterday from US Federal Reserve chairman Jerome Powell about how aggressively he will raise interest rates.

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