Krungsri Auto delivers key promotions to attract auto lovers at Money Expo and Post Today Investment Expo, Feb 5-7

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.

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.

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.

KTB to organize its 4th Anniversary Dump sale its product follow the government policy.

KTB Leasing one of the Group of Company of Krung Thai Bank Public Company which is hold 100% of share stake. Under the concept, Go to shopping, Go to Bank Banking, KTB Leasing going to organize its KTB Leasing 4th Anniversary , strengthen the Thai Economy. The company will dump sale at 10 to 40 % of their product more than 200 programs from 24 famous brand name. Altogether with announced its " Easy installment.... Low interest" in order to motivate the government officer customer, state enterprise employee and full time company staff to shopping. To follow the government s economic policy. Opening the shopping counter at its own Bank Couter. Altogether with installment product from now until 31 of January 2010 at every branch of Krung Thai Bank.


Khun Pinyawat Chantrakarntanon, Managing Director of KTB Leasing Co., Ltd. Said that KTB Leasing Co.,Ltd. is an affiliated companies of Kraung Thai Bank which has established on the October 28, 2005.The vision of company is to be convenience bank which focusing on one stop service financial . In order to fulfill the customer's demand both person and juristic person under the theme "Partner To Grow".

The prosper of the last 4 years makes KTB Leasing step forward to be the leader of one stop credit market due to its variety services for example, Leasing Rental or the property renting services for the entrepreneur such as truck ,draulic excavator, wheel loader contruction tool, office facilities and tractor for an agriculture use. Car rental , the company offer the car for rent for an executive and company car for business purpose.Hire-Purchase car service is to offer any type of car services in any model to the natural person especially government official and state enterprise staff and hire- purchase outlet consumption product for daily use under the slogan Cheaper
price…Easy Buy…Better partial.

In 2007 KTB Leasing Co., Ltd has only 6 partners and 60 product items, but in three years and a half the company get more 30 partners and has more 600 products items. At the moment the company has almost 150,000 customers and 13,000 million Baht of the asset.We can claim that KTB Leasing Co., Ltd are the leader of one stop hire-purchase and leasing . Moreover, the company is outstanding and different from the other companies in the same type of business, especially Non Bank business . The foreign companies focusing on department stores and modern trades market. Meanwhile KTB Leasing is different, the customer can just walk in to any branches of Krung Thai Branches and they can select the same product brand ,same standard from the factory that display in front of the big shopping center with better condition which mean low interest with longer period of installment and cheaper price.

To confirm that KTB Leasing Co., Ltd is the leader of one stop emphasize, the company will sooner organize the KTB 4th KTB anniversary, strengthen Thai Economy which sponsored by famous producers and distributors. The event will offer product in special price at 10 to 40% off. The special prices of products are

LG Plasma TV 50 inch at the price of 27,600 Baht from 39,000 Baht,18 months installment, 0% of interest.

Jubilee Diamond ring 0.23 Karat at the price of 17,900 Baht from 32,000 Baht,18 months installment,0% of interest.

Nikon Digital Camera, S550, 10 Pixel at the price of 6,850 from 7,990 with long installment,% interest.

Panasonic Washing Machine ,NA F80B1, 8 KGS at the price of 8990 Baht from 11,900 Baht,18 installment,0% interest 18 months.

Dikin Air Conditioning, FTE series with wireless remote control from at the price of 21,900 from 20,300 Baht,0% interest 15 months

Hitachi 13.1 Q 2 doors, stylist design , the installment start at the price of 1,807 Baht.

Moreover KTB Leasing offer special promotion for government officer and state enterprise employee the motobike, the top sale product with cheap interest rate in every model and brand with 0.70% interest. For example Suzuki with 0.70%, 48 months installment, Yamaha with 0.895, 48 months installment, Honda, 0.89%, 48 months installment.

Next year, KTB Leasing will target on release credit about 7,000 to 8,000 million Baht. The interested person may select the dump sale products under the campaign "KTB Leasing 4th Anniversary, strengthen Thai Economy" from now until 31 January 2010 at every any branches of Krung Thai Bank.

Krungthai Car Rent The Answer to Car Rental Services

       Krungthai car Rent&Lease Plc.,one of the country's top car rental company, has been adapted to focus more"the full-range outsource services" to help customers control their cost and budget during the economic slowdown.
       Krungthai Car Rent
       The Answer to car Renta Services
       Mr.Pithep chantarasereekul,the company's Managing Director,said that the purchase of the management's vehicles, the customer services'vvehicles,and the transportation's vehicles is not unaffordable, but the involved activies such as mileage maintenance,the annual road tax payment,the compulsory and annual road tax payment,the compulsory and voluntary insurance policy,and the accidental handling are the burden of the compafnies. The burden would be swelling with the increasing number of vehicles. Those cumbersome activities could be eliminated bu outsourcing to the Operating Lease Service providers.
       With the Operating Lease Service,the management have more valuable time in marketing, and product development cannot overlook and Kcar is the company that can serve to every customer needs.
       www.krungthai.co.th

TK expects 16% growth on upcountry expansion

       Thitikorn Plc (TK), the motorcycle hirepurchase lender, projects revenue growth of 16% this year as it expands upcountry and into new lending businesses.
       TK reported first-half revenues of 1.33 billion baht, up from 1.22 billion in the same period last year. Net profit, however,fell to 143.57 million baht from 169.19 million. Second-quarter net profit dropped to 78.9 million baht from 88.66 million a year earlier.
       Prapol Phornprapa, a TK deputy managing director, said that even though revenues rose, profits fell as the company continued to expand and invest in its branch network. The company plans to open two or three new branches over the next few months to increase its current network of 75 stores.
       "We are also looking to expand into auto leasing as competition in Bangkok has fallen. We will also consider other new businesses, such as credit cards or electronic appliance hire-purchase loans for the future," he told investors at a briefing at the Stock Exchange of Thailand yesterday.
       Nearly 70% of TK's revenues currently come from motorcycle leases. The company, which claims a 25% market share in Greater Bangkok, had outstanding loans of 5.7 billion baht at the end of June compared with 5.2 billion at the end of 2008.
       Asset quality has remained relatively stable, with non-performing loans, defined as at least six months past-due, at 2.5% of total loans at the end of June.Doubtful debt, representing accounts past-due at least four months, were 4.5%of total loans.
       Mr Prapol said the company had increased downpayment requirements to 20% of the purchase price compared with 5-10% in the past to help reduce credit risk.
       In any case, profit declines were to be expected considering the decline in vehicle sales in the economic downturn.High competition in the industry would also affect profits, although TK has been able to maintain margin spreads at around 30%, with its cost of funds now at around 4% to 5%.
       Mr Prapol said TK had also set up credit lines of 2.5 billion baht to purchase motorcycle or car lease assets if the pricing was reasonable.
       TK shares closed yesterday on the Stock Exchange of Thailand at 3.44 baht,up four satang, in trade worth 79,000 baht.

LOBBY WEAKENS US CAMPAIGN

       Nearly 5 million of the worst-polluting vehicles in the US have been quietly excluded from the popular "Cash for Clunkers" progrkamme after lobbyists for antique auto-parts suppliers and car collectors persuaded the government to shut out cars built before 1984.
       The restriction has prevented consumers who own older cars and pickups from cashing in on the US$3-billion (Bt102 billion) federal programme even though many do not consider their jalopies to be collectors' items.
       When the federal government announced the rebates of up to $4,500, Chris Hurst said it looked like the perfect time to unload his gas-guzzling 1981 Ford F-150, California, was surprised to discover his pickup was too old to qualify.
       "If we could have gotten that rebate, it would have worked perfectly for us," said Hurst, who is now trying to sell the vehicle, equipped with Ford's biggest V8 engine, for $1,600.
       The restrictions were pushed by lobbyists fot the Specialty Equipment Market Association (Sema), a California group representing companies that sell parts and services to classic and antique car collectors. The group, as well as classic car enthusists, have oppesed "Cash for Clunker", because they do not want older vehicles to be destroyed.
       When the proposals for the clunker buy-back programme surfaced early this year, Sema opposed the entire concept, because such a programme could shrink the size of the market for after-market parts. Sema eventually succeeded in getting lawmakers to adopt the aage restriction.
       "We are very pleased that Congress was able to include that in the programme," said Stuart Gosswein, director of regulatory affairs at Sema.
       The organisation represents more thna 7,000 comapnies that make all manner of auto-related products, including reproduction Model T tyres and AMC Gremlin upholstery. The powerful interest group earlier won legislative batteles to protect owners of classic cars and hot rods from laws covering vehicle noise and emissions tests, among other things.
       Consumer kand environmental groups reluctantly went along with the Sema provision, because they were too busy fighting for any rule that would push consumers to buy more fuel-efficient vehicles than the ones they were using.
       "I don't know that the programme makes a whole lot of environmental sense," said Lena Pons, a policy analyst for Public Citizen, which pushed for tougher fuel-economy standards.
       "There is not a whole lot of justification for the classic-car industry to block older vehicles from being traded in."
       Other critics fault the age limit on economic grounds, saying it makes little sense even for collectors.
       "If I own a 30-year-old Mustang, the value of my car goes up if others get destroyed," said Chris Edwards, an economist for the libertarian Cato Institute.
       "It is a typical industry loophole that doesn't protect the little guy but does protect some special-interest groups."
       Many Americans do not have the money to buy a new car, said Dan Baker, a part-time handymand and gardener in South Carolina who said he wished he could have qualified for a rebate to upgrade to a better used vehicle.
       "I'm the kind of person this programme could have helped," he said.
       Baker is trying to sell a brown 1980 Oldsmobile Cutlass SS with a broken air-conditioner and rusty fenders for $1,200.
       "It's just an old car with 101,000 miles on it," Baker said. "It is not a classic."
       Groups representing salvajge yards and service garages also derailed a provision in the bill that would have required the entire drive train of traded-in clunkers to be destroyed. Junkyards are now permitted to strip and resell all parts of the vehicles, exept the engines.