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The Latest Breaking News from Gulf

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

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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

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

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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.

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

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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.

Daily Record

Petrol station owner taking on supermarkets in fuel price war as boss aims to be cheapest in region

Robin Bawa of Gulf, Burnpark Services, has been aiming to keep his prices lower than the likes of Tesco just up the road.

Bangkok Post

Gulf, Bangchak banking on sustainable innovations

Gulf Energy Development Plc and energy conglomerate Bangchak Corporation are determined to promote clean energy and energy technology innovations, aiming to pave the way for sustainable growth.

Bangkok Post

Gulf issues debentures worth B35bn

Gulf Energy Development Plc has successfully issued debentures worth 35 billion baht this month.

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Bangkok Post

Gulf sells 50% stake in German wind farm for B11bn

SET-listed Gulf Energy Development has divested a 50% equity stake in the Borkum Riffgrund 2 offshore wind power project in Germany to the Keppel Group for around 11 billion baht.

Bangkok Post

Gulf unit invests in climate fund

Gulf International Investment (Hong Kong) Ltd (Gulf HK), a wholly owned subsidiary of Gulf Energy, has entered into a subscription agreement to invest €75 million, or about 2.7 billion baht, in Lightrock Climate Impact Fund SCSp (LCI Fund).

Daily Record

Scots community are saving thousands after buying disused petrol station

The fuel station is now processing 21,000 litres per week, and between 400,000 and 500,000 litres per year.

Daily Mirror

'We bought a petrol station - and now we're saving families £1,000-a year'

Community council chairman Greg Cuthbert says the petrol station has been a 'godsend' since its reintroduction four years ago after being paid for with National Lottery funding

The Independent UK

2022 World Cup: Qatar hotels accused of failing to end ‘abusive recruitment practices’

Human rights concerns continue to surround Fifa’s showpiece event just months before it starts

Edinburgh Live

The cheapest Edinburgh fuel garages as motorists face forking out £2-a-litre

The RAC has issued a warning that fuel prices could hike to £2 per-litre in a few months time, with the cost of filling up a family car reaching the £100 mark. These are the current cheapest options within Edinburgh and the Lothians

Bangkok Post

Sarath steps aside from InTouch role

Energy tycoon Sarath Ratanavadi has stepped down as vice-chairman of the board of InTouch Holdings following a crucial restructuring of the firm, which saw a major downsizing and the elimination of four business units.

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