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The Latest Breaking News from Gulf

Asian equities retreat on US slowdown worries

RECAP: Asian and European markets fell yesterday on lingering recession worries as data indicated the US economy was slowing down. Thailand has low recession risk but the SET has slid amid negative global sentiment and falling oil prices.

Bangkok Post

Gulf issues B8bn in green bonds

Gulf Energy Development Plc has raised 8 billion baht in green bonds for its wind power project, together with 12 billion baht worth of non-green bonds.

Bangkok Post

Gulf Energy bags 'Issuer of the Year' award

Gulf Energy Development Plc received the "Issuer of the Year" award at the Best Bond Awards 2022, hosted by the Thai Bond Market Association.

Bangkok Post

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Gulf moves into UK with investment in offshore wind farm

SET-listed Gulf Energy Development, Thailand's largest power producer by market value, continues to seek new business opportunities overseas with its latest investment in the development of a 1,500-megawatt offshore wind farm project in the UK.

Bangkok Post

How Gulf deal has boosted Williams's F1 commercial strategy

A new partnership between Williams and Gulf Oil International was among the more intriguing Formula 1 commercial announcements of the winter.

Autosport

How Gulf deal has boosted Williams commercial strategy

A new partnership between Williams and Gulf Oil International was among the more intriguing Formula 1 commercial announcements of the winter.

Motorsport

Gulf completes purchase of US gas plant

Gulf Energy Development Plc, Thailand's largest power producer by market value, is set to rake in more revenue after becoming an owner of Jackson Generation, a 1,200-megawatt gas-fired power plant in the US.

Bangkok Post

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Gulf profits increase 37% to B12.1bn in 2022

Gulf Energy Development Plc posted revenue growth of 92% to 101 billion baht last year, driven by earnings from its power generation facilities, divestment and InTouch Holdings Plc, the parent firm of telecom operator Advanced Info Service (AIS).

Bangkok Post

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

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

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Edinburgh Live

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?

Bangkok Post

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.

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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.

StockNews.com

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),…

Motorsport

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.

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.

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