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The Latest Breaking News from Sarath Ratanavadi

Analyst urges shift away from fossil fuels

Thailand must accelerate its transition to renewable energy if it is to reduce dependence on imported oil and gas and avoid repeating the painful consequences of global conflicts, according to Praipol Koomsap, economist at Thammasat University and former assistant to ex‑energy minister Narongchai Akrasanee.

Bangkok Post

Vietnam encourages Gulf energy investment

A top Vietnamese leader has invited Gulf Development Plc, Thailand's largest energy company by market value and a major telecoms operator, to expand its energy businesses in Vietnam.

Bangkok Post

Binance is launching an exchange in Thailand with a Thai energy mogul who’s worth $10.6 billion

Sarath Ratanavadi is the second-wealthiest individual in Thailand, according to the Bloomberg Billionaires Index.

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Wealth of Thailand's 50 richest on Forbes list rises to $173bn

The Chearavanont Brothers of the Charoen Pokphand (CP) Group have retained the top spot on the 2023 Forbes list of Thailand’s 50 richest, with the combined wealth of all tycoons rising by almost 15% to US$173 billion.

Bangkok Post

EC yet to accept iTV case against Pita

The Election Commission (EC) says it is still considering whether to accept a complaint filed against Move Forward Party (MFP) leader Pita Limjaroenrat over his shareholding in a media company.

Bangkok Post

Forbes: 3 Thais among world's 150 richest people

Three Thai tycoons have been ranked among the world's richest people on the Forbes list of 2,640 world billionaires in 2023. Thailand has 28 billionaires on the list.

Bangkok Post

Somchai picked to stay on as executive at AIS

Somchai Lertsutiwong, chief executive of Advanced Info Service (AIS), will continue in his leadership role at the country's leading mobile operator for at least another year, says Sarath Ratanavadi, vice-chairman of the company's board.

Bangkok Post

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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

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

Prawit walks back baht comments

Acting prime minister Prawit Wongsuwon, who earlier this week called for measures to halt the baht’s slide, said on Thursday the government won’t meddle with the central bank and how it handles the currency.

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

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

Wealth of Thailand's 50 richest on Forbes list falls to $151bn

Amid a slow economic recovery, the collective wealth of tycoons on the 2022 Forbes list of Thailand’s 50 richest fell nearly 6% to US$151 billion as compared to a year ago.

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.

Bangkok Post

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Binance ties up with Gulf Energy Development on Thai Crypto Exchange

Binance Holdings Ltd reached an agreement with billionaire Sarath Ratanavadi’s Gulf Energy Development Plc to study a digital asset exchange in Thailand.

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