Thailand’s 50 Richest 2026: Stock Rally Drives Combined Wealth Up 10% To $187 Billion

The post Apple Distributor In Thailand Cashes In On Consumer-Spending Recovery appeared on BitcoinEthereumNews.com. This story is part of Forbes’ coverage of Thailand’s Richest 2026. See the full list here. Amid a gradual recovery in consumer spending, Com7, Thailand’s leading retailer of smartphones with a nearly 25% market share, is thriving. The company booked a 25% increase in net profit to 1.2 billion baht ($37 million) on a 13% rise in revenue to 24 billion baht for the first quarter of 2026 and said it expects to maintain double-digit revenue growth on the back of 100 new store openings this year. The uptick in Com7 shares gave cofounder Sura Khanittaweekul a nearly 40% boost to his wealth to $655 million, though that is still below his net worth of $670 million in 2022 when he first entered the ranks of the country richest. Starting out in 1996 with one store in Bangkok’s popular Pantip Plaza electronics mall, Com7 as of March had a network of 1,323 stores, including Studio7 Th

The post Thai Renewable Energy Producer Profits From Powering Up Data Centers appeared on BitcoinEthereumNews.com. Gunkul Dhumrongpiyawut Gunkul Engineering This story is part of Forbes’ coverage of Thailand’s Richest 2026. See the full list here. Thailand’s bid to become a Southeast Asian data center hub powered by green energy has created a buzz about renewable power producer Gunkul Engineering, which has positioned itself to target the sector. Shares of the SET-listed company surged 160% in the past year, returning chairman Gunkul Dhumrongpiyawut to the list after a three-year hiatus. Run by his daughter Naruechon Dhumrongpiyawut as CEO, the company posted a 24% jump in net profit to 456 million baht ($14 million) on a similar increase in revenue to 2.6 billion baht in the first quarter of 2026. The company says it is actively bidding for large-scale engineering, procurement and construction contracts for renewable power plants and has an order backlog of over 100 billion baht. It e

The post Thailand’s Red Bull Rival Carabao Combats Export Dip With Sales Push On Home Turf appeared on BitcoinEthereumNews.com. Sathien Sathientham Warach Pattayanan/Forbes Thailand This story is part of Forbes’ coverage of Thailand’s Richest 2026. See the full list here. Border tensions with Cambodia took a toll on Thai energy drink maker Carabao Group, which sells in more than 40 countries but derives nearly 40% of its export revenue from the bloc referred to as CLMV, or Cambodia, Laos, Myanmar and Vietnam. For 2025 the company reported an 18% drop in net profit to 2.3 billion baht ($70 million) on a 3% decline in sales to 11.8 billion baht, mainly due to a slide in exports, a trend that continued into the first quarter of this year. To offset the decline, Carabao ramped up marketing on its home turf. It also opened a new factory in Myanmar in September and is wooing consumers in Vietnam by sponsoring professional football clubs. In a May report, research analyst Wetid Tangjindakun a

The post Thai Baht: Range-bound after inflation data against dollar – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Charlie Lay highlights that USD/THB edged higher as Thai inflation data support a steady policy stance. Lay links the move to expectations that the Bank of Thailand (BoT) will keep interest rates on hold at 1% through at least the next meeting. USD/THB trading near range highs “Thailand’s headline inflation eased for a second consecutive month in June to 2.4% yoy (Bloomberg consensus: 2.7%) from 2.8% in May. It remained comfortably within the Bank of Thailand’s (BoT) 1-3% target range. Year-to-date, it averaged 1.1%. Inflation has picked up steadily since April after posting negative readings from April 2025 to March 2026.” “It is expected to stay above 2% in the coming months and possibly throughout the second half, aided by the lower base last year. Food prices held steady at 1% yoy, at the same pace as May. Non-food prices moderated to 3.3% vs 4% previ

The post Karch Kiraly Has One More Olympic Mountain To Climb At LA28 appeared on BitcoinEthereumNews.com. Olympic Champion and coach of Team USA Men’s Volleyball Karch Kiraly June 3, 2026 (Photo courtesy of Tim Genske) As Los Angeles prepares to host the Olympic Games, volleyball’s greatest champion believes Team USA has unfinished business. (This is part one of a two-part story based on a Forbes exclusive interview with Karch Kiraly July 3, 2026. All quotes are taken directly from a transcript of the interview.) Southern California Is Volleyball Mecca The road to the 2028 Olympic Games officially runs through Los Angeles. For volleyball, however, it has been running through Southern California for decades. The sport is deeply woven into the fabric of the region. Beach volleyball icons emerged from the sands of Manhattan Beach. Elite indoor athletes sharpened their skills in packed gyms stretching from Orange County to the San Fernando Valley. Thousands of aspiring Olympians spend week

Microsoft plans to focus more on in-house AI models in an effort to reduce its costs for generative AI (genAI), Bloomberg reports. The company has begun using its own MAI models to handle some user AI requests in Word and Excel rather than relying solely on models from OpenAI and Anthropic. The company still uses third-party models, but has invested increasingly in its own AI solutions over the past year. At the Build developer conference in June, Microsoft unveiled seven new MAI models, including an AI code assistant and an image-generation model. As the costs of advanced genAI models have risen, several tech companies — including Amazon, Meta, and Accenture — have reportedly been trying to find ways to reduce their expenses.

Apple, Samsung, and Google are all expected to introduce their takes on folding smartphones in the coming weeks.  All three competitors work together on some things; Samsung allegedly makes displays for iPhone; Google makes an OS for Samsung; and Apple works with Google Gemini for AI. That proximity suggests that we might experience some synchronicity between these devices when they finally arrive. Samsung and Google move first — but September belongs to Apple Bloomberg agrees: the publication claims Samsung’s forthcoming Galaxy Unpacked event in London on July 22 will feature the Galaxy Z Fold 8, which will have a short, wide design “that resembles Apple Inc.’s planned folding iPhone.” It is expected to cost around $1,999 for the 256GB model. The late July introduction is widely seen as an attempt to steal a little thunder from the upcoming launch of the iPhone Fold/Ultra, Apple’s first foldable device. Google is also chasing the looming Apple thundercloud with its own “Made by Google

The post With minutes due, Fed’s ‘family fight’ over interest rates could drag on appeared on BitcoinEthereumNews.com. Kevin Warsh, incoming chairman of the US Federal Reserve, during a swearing-in ceremony in the East Room of the White House in Washington, DC, US, on Friday, May 22, 2026. Yuri Gripas | Bloomberg | Getty Images Divided Federal Reserve officials indicated at their last meeting that they will address persistent inflation this year with one interest rate hike. History, though, suggests that policymakers will have a hard time stopping there. In fact, there have been few instances over the past 35 years or so when the Fed has only made one rate move, be it up or down. Rather, the central bank’s Federal Open Market Committee tends to move in rate cycles, where it adjusts policy multiple times over a period to meet whatever goal it seeks to accomplish. “A lot of people are talking about one rate increase. The committee does not generally do that. I mean, what’s the point of t