Friday, October 02, 2020

GULF unfazed by Covid-19 pandemic, looks for new opportunities

Jun 24. 2020
GULF is continuing to look for investment opportunities despite the Covid-19 pandemic, said CEO Sarath Ratanavadi.
GULF is continuing to look for investment opportunities despite the Covid-19 pandemic, said CEO Sarath Ratanavadi.
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By THE NATION

Thailand’s energy company Gulf Energy Development (GULF) is continuing to look for investment opportunities despite the Covid-19 outbreak, the company’s chief executive officer Sarath Ratanavadi said.

GULF is always keeping an eye out for projects that can offer immediate returns, he said at a seminar held by Krungthep Thurakij newspaper on the subject of Thailand’s stock movements amid the pandemic.

Sarath said GULF has negotiated several merger and acquisition deals for projects in Asia and Europe via video conferencing, adding that most of these projects were for alternative energy. The company is expected to conclude more than one project this year, he said, adding that GULF has a strong financial status and that the pandemic has not had a significant impact on its business.

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