Gulf prudent about new investment

No plan to acquire new energy assets

- YUTHANA PRAIWAN

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.

Geopolitical conflicts in many parts of the world and a trade war among major economies can affect businesses in the energy sector.

"These conflicts may weaken consumer purchasing power, eventually affecting electricity demand," said Sarath Ratanavadi, chief executive of Gulf.

The company does not plan to acquire new energy assets, including those in the US, but will carefully conduct a feasibility study to make sure they have good returns on investment.