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NEW UPDATES Asean Affairs  16 March  2015  

Thai firm latest to offer lease financing

Sousdey Finance, a subsidiary of Thitikorn Limited in Thailand, will start a financial hire-leasing service for motorbikes in Phnom Penh, with an initial start-up fund of $100,000.

Prathama Phornprapha, president of Sousdey Finance, said the company will initially observe the market and increase funds when required. Speaking at a ceremony in Phnom Penh launching the business, she added that the company would use its experience in Thailand to become competitive here.

“We see that the growth for the future has to be from the neighbouring countries, so we think the Cambodia market is really a good place for us,” Phornprapha said.

The company will link with motorbike dealers, like Honda, Suzuki and Yamaha, to provide financing options to prospective customers. Like other hire-leasing service, the firm will provide credit for the purchase in return for monthly instalments, transferring ownership after the last payment is made.

Kim Vada, director general of banking supervision at the National Bank of Cambodia, said at that financial leasing is getting popular among urban residents. According to Vada, there are now seven licensed financial leasing companies in Cambodia, including Sousdey.

“Financial leasing businesses have helped small and medium enterprises and people to expand their business and production,” he said.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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