Krungsri Auto, a leader in automotive finance under the Bank of Ayudhya Plc, recently announced a strong performance of its automotive and sales finance business in Laos under the “Krungsri Leasing” brand, with 97 per cent compound annual growth rate for new volume over the past three years and a new lending volume of Bt2.56 billion in 2017.

After establishing the business in the Lao People’s Democratic Republic in December 2014, Krungsri Leasing Services Co Ltd or “Krungsri Leasing” delivered an impressive result of 97 per cent compound annual growth rate (CAGR) in new lending volume of Krungsri New Car and Krungsri First Choice products during 2015 – 2017. Last year, the company also achieved a robust new lending volume of Bt2.56 billion and loan outstanding of Bt4.45 billion.

For its mid-term business plan (2018–2020), Krungsri Leasing aims to attain a compound annual growth rate of 27 per cent for new lending volume and 31 per cent for loan outstanding.

Pairote Cheunkrut, head of Krungsri Auto Group, Bank of Ayudhya Plc, said “Despite its small size, Laos’ automotive finance market has maintained constant growth. This was fueled by increasing purchasing power and the rapidly expanding economy. This year, the country’s GDP is expected to grow by 7 per cent, mainly from electricity export and major infrastructure developments, including the Laos-China railway project.

Consumer preference for automotive finance services also sees continuous growth, with the current ratio of car buyers via cash versus loan sitting at 40 to 60.”

Delta showcases green energy, EV charging at Asean expo

Delta Electronics (Thailand) Plc, showcased its portfolio of renewable and clean energy products and solutions for the green energy industry at the Asean Sustainable Energy Week 2018.

Held at BITEC in Bangkok, the exhibition hosts Renewable Energy Asia, Entech Pollutec Asia and Energy Efficiency Expo under one roof. Here regional decision-makers from 45 countries converged for four days at one of Asean’s largest comprehensive renewable energy, environmental & energy efficiency exhibitions.

Throughout the event, Delta highlighted its PV inverters, Electric Vehicle (EV) chargers and smart monitoring and control solutions.

One of Delta booth’s main highlights was the large-scale Central Inverter, displayed alongside the RPI-M50A, M20A commercial series and the H4A single phase home series.

Delta unveiled its Central Inverter designed for 1MW to 3MW power generation and features advanced hybrid cooling technology for high delivery output power. Besides the booth, visitors experienced the power of Delta’s AC Mini Plus and DC Wallbox EV chargers first-hand at the exhibition’s EV test drive.

On the second day of the event, Delta welcomed the event organizer UBM Asia (Thailand) and 30 member delegation of energy and manufacturing industry representatives from Indonesia, Malaysia, Vietnam and the Philippines to the company’s headquarters at Samutprakarn.

The delegation explored Delta’s complete products and solutions portfolio at the company showroom and toured the rooftop solar solutions. This business matching sideline event aimed to kickstart business networking between key people in the region’s energy industry.

The Asean delegates showed a keen interest in Delta’s solar energy solutions and established contact with Delta managers for further business opportunities.

SU holds first SEA summit in Thailand

Singularity University (SU), a Silicon Valley-based global community of thinkers and innovators, focusing on empowering leaders to transform industries and solving global challenges through exponential technologies, recently its first summit in Southeast Asia (SEA).

The SingularityU Thailand Summit 2018 is being held at the InterContinental Bangkok from 19 to June 20, 2018.

SingularityU Thailand Summit 2018 is among the first series of events and initiatives from Exponential Social Enterprise Co Ltd, an organisation that is aiming to speed up Thailand’s potential for growth beyond existing economic models and social development.

The aim is to inspire change by exposing new questions about the impact of innovation on productivity, talent, industries and public policy. The summit concentrates on how fundamental changes in thinking affect broader implications of technological advancements, and how the integrated impact of these transitions can transform everything around us.

The summit sees government officials and top industrial executives joining together to listen to world leading exponential technology experts about current technological achievements and potential future solutions.

The visitors can expect topics such as: Artificial Intelligence (AI), The Future of Digital Health and Medicine, The Future of Energy, Cybersecurity, Blockchain, Finance of Tomorrow and Global Grand Challenges.

Participants of the summit can join in workshops – by speakers from Deloitte and The Alchemy of Creativity, concentrating in creativity and future of work.

The summit provides possibilities for networking and discussion between professionals from different industries that can potentially create further associations in terms of technological and social development.