Krungsri Auto delivers key promotions to attract auto lovers at Money Expo and Post Today Investment Expo, Feb 5-7 Krungsri Car For Cash offers starting interest of only 0.4% per month
Krungsri Auto, a leading automotive financial solutions provider offering comprehensive services to customers, announced a new special offer that provides a 100% finance amount and easy installment payments at a starting monthly interest rate of 0.4% for customers who apply for Krungsri Car For Cash. Customer can also enjoy many more comprehensive auto financial campaigns.
According to Mr Pairote Cheunkrut, Managing Director, Ayudhya Capital Auto Lease PLC, or Krungsri Auto, “The Money Expo 2010 Pattaya is the first big consumer finance event of 2010 and will take place February 5-7, 2010 at the PEACH, Royal Cliff Beach Hotel, Pattaya. At the event, Krungsri Auto will introduce a whole range of financial products and services plus special promotions. Exclusive offerings related to our five core products including Krungsri Car For Cash multi-purpose automotive refinance solution; Krungsri Motorcycle Credit for motorcycle buyers; Krungsri Cash to Car, the unique financing option for privately-owned second-hand autos; Krungsri New Car and Krungsri Used Car. The Krungsri Auto Show, a major gathering of popular brand new autos with special offers, will also be kicked off at the event.
For car owners who want cash for urgent needs, see Krungsri Car for Cash and receive special privileges including an attractive interest rate of 0.4% monthly, a petrol filling gift voucher up to 1,500 baht and a mini-organizer when you have the value of your car estimated at the event. Customers will also receive a free multi-purpose box worth 319 baht when they apply for the service at the event.
Krungsri Motorcycle Credit offers free down payments and easy installments without a guarantor for all participating motorcycles. Customers who apply for the product will receive a free 500 baht honeymoon set on the receipt date. This is supplemented by innovative promotions for Kawasaki Big Bike and Honda PCX that are showcased at the event. Customers will also receive a starting interest rate of 0.5% per month and free petrol vouchers of up to 1,000 baht. This applies only to specified models and brands.
Krungsri Cash to Car is exclusively designed to serve customers who want to buy second hand autos directly from the owners. Krungsri Cash to Car will give customers who apply for this financial product at the event petrol filling vouchers of up to 1,500 baht and a sheet of chamois fabric worth 219 baht.
Krungsri New Car, a financial product for new autos comes with a caravan of brand new autos by leading car makers at the Krungsri Auto Show, as part of the Money Expo. Customers who apply for the new auto financial service will only have to make a minimum down payment of 5% and will receive a free 1,000 baht petrol filling voucher and a 219 baht chamois fabric sheet. The first Krungsri Auto Show was successfully held at Money Expo Chiang Mai in late-2009.
Krungsri Used Car allows you to select the right auto quickly from the new high quality, used auto catalogue on a touch screen system. The exciting offerings include 72 monthly installments, a petrol voucher of up to 1,500 baht and a 219 baht chamois fabric sheet. Everything will be given to customers who apply for this financial solution at the event.
At the Post Today Investment Expo that will take place during February 5-7, 2010 in the D2 booth, Floor G, Central Plaza Ladprao, Krungsri Auto will also provide all visitors who apply for the Krungsri Car for Cash program with the same offerings as those available at Money Expo Pattaya.
“We believe that visitors of the Money Expo 2010 Pattaya and the Post Today Investment Expo will enjoy a range of exclusive financial products and services. We expect more than 200 customers to apply for our financial solutions at the event with more than 40 million baht in financing requested,” concluded Pairote.
Sunday, February 7, 2010
Saturday, January 30, 2010
Ministry of Finance Supports Expansion of EXIMSurance’s Target to 100,000 Million Baht by 2010
Ministry of Finance supports EXIM Thailand’s strategy to promote its export credit insurance service and encourages Thai exporters to buy an insurance policy to cover every shipment. The total turnover of short-term export credit insurance for the year 2010 is targeted at 100,000 million baht, increasing by 69% from 59,200 million baht in 2009.
According to Dr. Pruttichai Damrongrat, Deputy Finance Minister, quoting a forecast by a leading international credit insurance agency, the number of business insolvencies worldwide is expected to soar in 2010. Business insolvencies in the United States, for instance, were forecasted to increase to 60,700 cases, up from 43,546 in 2008. The figure in the United Kingdom will reach 37,500 (from 29,994 in 2008). Meanwhile, insolvencies in France are expected to rise to 68,600 (from 57,665 in 2008).
Consequently, Thai exporters should obtain export credit coverage for their foreign receivables. EXIM Thailand is a state-owned specialized financial institution providing an export credit insurance (EXIMSurance) service to Thai exporters. Under this facility, EXIM Thailand helps examine buyers’ credit information. In case of payment default, the Bank will pay compensation and provide assistance with debt collection. Hence, this service helps boost confidence among Thai entrepreneurs in starting or expanding export businesses in traditional or new markets.
“EXIMSurance not only enables exporters to offer more competitive payment terms to overseas buyers, but can also be used as collateral for loans from financial institutions,” said Dr. Pruttichai.
EXIMSurance service is divided into three types : 1) EXIM SURE which is suitable for exporters wishing EXIM Thailand to help mitigate risks of each export shipment closely 2) EXIM FLEXI which was launched in 2008 to offer discounted premium rates while reducing document preparation hurdles. Eligible policy holders can receive claim payment up to 90% of loss realized and 3) EXIM 4 SMEs, launched in 2009, is an export credit insurance product for SMEs with annual export value up to 100 million baht. The service offers a premium rate 35% lower than the normal export credit insurance policy and a convenient one-week application approval period.
According to Dr. Pruttichai Damrongrat, Deputy Finance Minister, quoting a forecast by a leading international credit insurance agency, the number of business insolvencies worldwide is expected to soar in 2010. Business insolvencies in the United States, for instance, were forecasted to increase to 60,700 cases, up from 43,546 in 2008. The figure in the United Kingdom will reach 37,500 (from 29,994 in 2008). Meanwhile, insolvencies in France are expected to rise to 68,600 (from 57,665 in 2008).
Consequently, Thai exporters should obtain export credit coverage for their foreign receivables. EXIM Thailand is a state-owned specialized financial institution providing an export credit insurance (EXIMSurance) service to Thai exporters. Under this facility, EXIM Thailand helps examine buyers’ credit information. In case of payment default, the Bank will pay compensation and provide assistance with debt collection. Hence, this service helps boost confidence among Thai entrepreneurs in starting or expanding export businesses in traditional or new markets.
“EXIMSurance not only enables exporters to offer more competitive payment terms to overseas buyers, but can also be used as collateral for loans from financial institutions,” said Dr. Pruttichai.
EXIMSurance service is divided into three types : 1) EXIM SURE which is suitable for exporters wishing EXIM Thailand to help mitigate risks of each export shipment closely 2) EXIM FLEXI which was launched in 2008 to offer discounted premium rates while reducing document preparation hurdles. Eligible policy holders can receive claim payment up to 90% of loss realized and 3) EXIM 4 SMEs, launched in 2009, is an export credit insurance product for SMEs with annual export value up to 100 million baht. The service offers a premium rate 35% lower than the normal export credit insurance policy and a convenient one-week application approval period.
Sunday, January 17, 2010
Article Looks At The Long-Term Effects Of The Recent Credit Crisis
In the wake of the 2007-2008 financial crisis, there has been much discussion about the prospects for an economic recovery over the next few quarters. But an article published yesterday by Standard & Poor's says that the more important issue is: What will happen over the next few decades? The article, which is titled "The New Normal (The Future Isn't What It Used To Be)," says that Standard & Poor's believes it will be a decade or more before the world and U.S. economies can hope to grow as rapidly as they did during the half-century or so preceding the recent crisis because they will have to bear increasing burdens. These will likely include:
--High personal debt and lower wealth in the U.S., which--combined with a rebounding though still-low saving rate--will slow the consumer spending that has powered much of U.S. and world growth.
--International trade and financial imbalances that are leading to a weaker dollar and a move away from dollar reserves.
--Stricter but inconsistent financial and other government regulation.
--A global financial system that has lost much of its capital and will need to operate with lower leverage, restricting loan availability.
--More risk-averse investors (some suddenly conservative because of recent losses, others approaching retirement and husbanding their wealth).
--Fiscal deficits in many countries, especially the U.S., the deficit of which could grow larger as the retirement wave hits.
--Rising health care costs that threaten the competitiveness of U.S. companies versus their overseas counterparts.
"We expect that the world economy will recover," said Standard & Poor's Chief Economist David Wyss. "But we think it's likely that it will look different once it does." For example, the events of the past two years likely have accelerated the relative decline in U.S. economic influence, as Asian economies have continued to grow while America's has contracted. In past decades, however, the U.S. and world economies have proved resilient. So while the future isn't as bright it seemed during the bygone boom, neither is it as bleak as it seemed only a year ago.
This article is part of a special report titled "The New Normal," which also will be published in the Jan. 27, 2010, edition of Standard & Poor's CreditWeek. The special report examines how certain industry sectors and financial markets could fundamentally change as a result of the recent credit crisis.
The report is available to RatingsDirect on the Global Credit Portal subscribers at www.globalcreditportal.com and RatingsDirect subscribers at www.ratingsdirect.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to research_request@standardandpoors.com. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
--High personal debt and lower wealth in the U.S., which--combined with a rebounding though still-low saving rate--will slow the consumer spending that has powered much of U.S. and world growth.
--International trade and financial imbalances that are leading to a weaker dollar and a move away from dollar reserves.
--Stricter but inconsistent financial and other government regulation.
--A global financial system that has lost much of its capital and will need to operate with lower leverage, restricting loan availability.
--More risk-averse investors (some suddenly conservative because of recent losses, others approaching retirement and husbanding their wealth).
--Fiscal deficits in many countries, especially the U.S., the deficit of which could grow larger as the retirement wave hits.
--Rising health care costs that threaten the competitiveness of U.S. companies versus their overseas counterparts.
"We expect that the world economy will recover," said Standard & Poor's Chief Economist David Wyss. "But we think it's likely that it will look different once it does." For example, the events of the past two years likely have accelerated the relative decline in U.S. economic influence, as Asian economies have continued to grow while America's has contracted. In past decades, however, the U.S. and world economies have proved resilient. So while the future isn't as bright it seemed during the bygone boom, neither is it as bleak as it seemed only a year ago.
This article is part of a special report titled "The New Normal," which also will be published in the Jan. 27, 2010, edition of Standard & Poor's CreditWeek. The special report examines how certain industry sectors and financial markets could fundamentally change as a result of the recent credit crisis.
The report is available to RatingsDirect on the Global Credit Portal subscribers at www.globalcreditportal.com and RatingsDirect subscribers at www.ratingsdirect.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to research_request@standardandpoors.com. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
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