Thailand’s Red Bull Rival Carabao Combats Export Dip With Sales Push On Home Turf

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 50 Richest 2026: Stock Rally Drives Combined Wealth Up 10% To $187 Billion appeared on BitcoinEthereumNews.com. Sarath Ratanavadi Sirachai Arunrugstichai/Bloomberg This story is part of Forbes’ coverage of Thailand’s Richest 2026. See the full list here. Despite being buffeted by a border conflict with Cambodia, Thailand’s economy grew 2.4% in 2025 as domestic consumption slowly improved and exports picked up. A surging stock market helped to give a wealth boost to the country’s top 50 richest, whose combined fortunes expanded 10% to $187 billion. Nearly two-thirds of the tycoons on the list are richer this year. Chalerm Yoovidhya & family, owners of energy drink Red Bull, retain the top spot for the third consecutive year with a fortune of $47 billion. The beverage giant’s annual revenue rose more than 8% to €12.2 billion ($13.9 billion) in 2025 on worldwide sales of nearly 14 billion cans. The Chearavanont brothers of the Charoen Pokphand (CP) group hold on to the

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 FIA's probe into Red Bull and Ferrari's wings could reshape competitive dynamics and influence championship outcomes this season. The post FIA investigates Red Bull, Ferrari F1 wings after Verstappen crashes appeared first on Crypto Briefing.

Thailand’s Anti-Money Laundering Office has frozen over $600 million in assets linked to Cambodian businessman Yim Leak under civil forfeiture laws. Thailand’s Anti-Money Laundering Office has frozen more than 20 billion baht, more than $600 million, in assets belonging to…

India has opened an investigation after reports alleged that Indian nationals were trafficked into Myanmar and forced to carry out crypto fraud operations inside cyber scam compounds. According to police in the western Indian state of Maharashtra, authorities have registered…

A Thailand-based crypto billionaire’s attempt to influence Nigel Farage and Reform UK is set to be blocked by an upcoming UK legislative crackdown on political donations, despite his efforts to bypass the rules. The Kingmaker and His Deep Pockets A bid by Thailand-based crypto investor and British billionaire Christopher Harborne to maintain his multi-million-dollar funding […]