Qatar Airways to add more flights to Bangkok, manager for Indochina says
SATURDAY, DECEMBER 10, 2022
Nongluck Ajanapanya
Qatar Airways will continue to add more direct flights from Bangkok to Doha, as well as other prime destinations worldwide, as the aviation industry gradually recovers from the pandemic, according to Bennet Stephens, the carrier’s newly appointed regional manager for Indochina.
Qatar Airways will add one more direct flight between Doha and Bangkok on Thursday, raising the number of direct flights per day to four, Stephens said. (Before the pandemic, Qatar Airways operated seven daily flights on the route.)
Stephens said Qatar Airways would continue recovering next year and then enter a growth phase.
“We see our airline recovering 50% this year and expect to recover 70% next year,” Stephens said.
Demand for international travel is rising significantly with reservations increasing, particularly for the Christmas and New Year holiday season.
Stephens said Qatar Airways is optimistic about the industry’s future, agreeing with a forecast by the International Air Transport Association that the global airline industry could return to profitability in 2023.
The association forecasts that airlines will make a small net profit of $4.7 billion in 2023 – the first profit since 2019, when the industry earned $26.4 billion.
Although the airline industry as a whole is doing well, Stephens said issues of concern remain. First, fuel prices have risen from $60 to around $120 per barrel of oil. This can affect some carriers, but is within the range Qatar Airways can handle, Stephens said.
Travel restrictions are the second issue, Stephens said, adding that some countries may suddenly tighten border controls due to covid-19.
Stephens said he was confident that Qatar Airways’ span – 150 destinations – young fleet and premium services would keep it among the world’s top carriers.
AirAsia back to growth phase with the launch of a new low-cost airline in Cambodia
FRIDAY, DECEMBER 09, 2022
AirAsia Aviation Group Limited (AAAGL), the aviation arm of Capital A Berhad, today signed a Joint Venture (JV) agreement with Sivilai Asia to establish AirAsia Cambodia, a new low-cost airline in the Kingdom of Wonder.
The new airline will further cement AirAsia’s brand in Cambodia and Indochina, providing AirAsia with greater access to its domestic market and most importantly connecting it to the international markets across Asean, North Asia and beyond.
This new airline will allow AAAGL to operate in the various existing markets where it already has presence and operations to build scale, network connectivity and further reduce the cost of operations. AirAsia Cambodia aims to further stimulate the Cambodian aviation and tourism industries, launch exciting new destinations, create jobs and bring a truly low-cost operation to the country.
The JV was signed by Tony Fernandes, CEO of Capital A and Vissoth Nam, Director of Sivilai Asia at Rosewood Phnom Penh on Friday
Subject to obtaining the relevant regulatory approvals, the JV is expected to commence operations in late 2023.
Tony Fernandes said: “Capital A continues to focus on Asean where we know best and our brand is the strongest. Cambodia is the fifth Asean country where we are continuing our march of being the region’s number one mover of people and cargo, and providing a linchpin of economic growth for Asean countries. The value of AirAsia’s network is an insurmountable asset; it will be another flag of extensive connectivity in Cambodia and into the region, namely China, India and North Asia.”
Vissoth Nam said: “As one of the first countries to open up international travel with no quarantine in November 2021, Cambodia has led the way in Asean’s air travel recovery journey post-Covid, with the rest of countries in the region following suit. Today, we are proud to be the catalyst for a new low-cost airline operating from Cambodia.
Bo Lingam, Group CEO of AAAGL said setting up a majority-controlled JV in Cambodia is a natural step for the Group as AAAGL is the largest foreign airline and the second largest airline group overall operating in Cambodia in terms of capacity. Pre-pandemic, AirAsia operated 90 weekly flights from Malaysia and Thailand and is currently flying about 49 weekly flights to Cambodia.
AAAGL operates five routes to Cambodia from Kuala Lumpur to Siem Reap and Phnom Penh, from Penang to Phnom Penh (starting 23 January 2023) as well as from Bangkok (Don Mueang) to Siem Reap and Phnom Penh.
Since entering the Cambodian market in 2005, AirAsia has carried over 10 million guests to and from Cambodia.
Kbank invests 6.5 billion baht to hold a total share of 67.5% of Bank Maspion
FRIDAY, DECEMBER 09, 2022
Kasikorn Vision Financial Company Pte. Ltd. (KVF) has completed the acquisition of additional shares of PT Bank Maspion Indonesia Tbk, with an investment value of USD 186.5 million (THB 6.528 billion), increasing Kbank’s total shareholding of Bank Maspion to 67.5%.
This investment is expected to generate new opportunities and help business entities access financial services while fortifying customers’ networks across Indonesia, thereby reiterating Kbank’s prominent leadership as a regional bank of AEC+3 in financial services offerings and technological capabilities.
Pattarapong Kanhasuwan, KVF‘s Chairman, has asserted that Kbank never ceased its zealous efforts to continue to expand and lead the financial panorama of Southeast Asia, particularly in Indonesia where the market has plenty of room for growth.
With such commitment, KVF, upon the approval of Bank Indonesia (BI), has successfully purchased additional shares of Maspion Bank to hold no less than 67.5 % of its total shareholding, with an investment value of USD 186.5 million (THB 6.528 billion). This accomplishment has subsequently led Kbank to become the controlling shareholder of Bank Maspion.
The acquisition of Bank Maspion, with an asset size of USD 888 million (THB 31.106 billion) including its 50 branches across Indonesia, has become Kbank’s first Merger and Acquisition deal within the group’s regional expansion strategy.
The success of the deal has taken place at the right time and the right moment not only in terms of the exponential growth in Indonesia’s loan demand, the recovering stage of the Indonesian economy during the post-covid pandemic, but also the promptness of the country to provide basic infrastructure thanks to increasing domestic investment, consumer spending, and exports.
Therefore, Kbank has profoundly pledged to be part of the steering mechanism that drives Indonesia’s economy by bringing to the table its unequivocal 77-year of experience, along with its cutting-edge technology and banking expertise of Kasikorn Business Technology Group (KBTG), a technological arm of Kbank, to solidify banking landscape of PT. Bank Maspion and drive it to become the largest bank in East Java, which, in turn, will meaningfully support Indonesia’s long-term economic growth.
In doing so, Bank Maspion has pursued multifaceted strategies in three different customer segments, including corporate/large businesses (Corporate), medium-sized businesses (Commercial) and retail customers (Retail).
Corporate/Large Corporate Segment PT. Bank Maspion has witnessed the growth potential of large local corporates (LLC) as an essential driving mechanism that deliberately gears Indonesia’s industrial sector. Essentially, the Bank aims to become a major funding source for such LLC customers by accelerating corporate lending offerings, in accordance with the industrial transformation and a unified domestic market.
Furthermore, PT. Bank Maspion supports foreign direct investment and economic development of Indonesia enabled by the National Development Plan. Not only will the plan help bring about a buoyant economy to the country, but it will particularly form an enabling investment environment that would lure capital and opportunities, particularly from Thai businesses (TDI) and foreign companies from AEC+3 countries.
Commercial Segment PT. Bank Maspion has placed an emphasis on providing lending support by promoting financial credits to serve the unmet needs of medium-sized businesses, thereby helping them unlock their potential and efficiently operate their businesses. Moreover, the Bank will leverage Kbank’s technological capabilities to bolster transactional banking services, which is strategic to levelling up the business playing fields of commercial customers while propelling them to grow into large-scale businesses in the future.
Retail Segment Finally, PT. Bank Maspion seeks to address the needs and provide accessibility for the larger pool of customers, the Indonesian people. In doing so, the Bank will employ mobile banking services, with developed functions and features, to additionally grasp a better understanding of customers’ behaviour. Thanks to the increasing usage of digital channels in Indonesia, PT. Bank Maspion believes that such a strategy will enhance the overall customer experience in all spectrums of financial services and eventually serve the evolving digital landscape of Indonesia.
In all, Pattarapong addressed that Kbank’s strengths in financial services and technological capabilities, together with Bank Maspion’s local banking expertise, are believed to bring about new prospects and enable businesses in Indonesia to access suitable financial services and efficiently grow their businesses. More importantly, Kbank will leverage its vast pool customer base in Thailand and in the region to create business networks in different aspects of the value chain and trade and investment spectrums—all of which are strategic to support business operations in Thailand, Indonesia, and other Southeast Asian countries going forward.
The acquisition of Indonesia’s Maspion Bank in 2022 is recent Kbank’s key strategy to advance its position as a regional bank of AEC+3 following the launching of its operations in Lao PDR in 2014, obtaining of an operating license in China in 2016, the opening of Phnom Penh branch in Cambodia in 2017, and the inaugural of the Ho Chi Minh City branch in Vietnam in 2021.
Shopee stops internet bank transfers ‘to streamline payment method’
THURSDAY, DECEMBER 08, 2022
E-commerce platform Shopee has stopped internet bank transfers as a payment method for purchases, as it wants to improve user experience, and the move is unrelated to the case of a buyer’s account being allegedly hacked, the company said.
In its press statement issued on Wednesday, Shopee said its “initial findings suggest that the individuals are likely victims of phishing scams”.
In a message at 11am on Monday, Shopee said it was permanently removing the option of paying via internet bank transfers from Tuesday.
The statement issued on Wednesday was referring to a Facebook post that a customer had lost 50,000 baht after she tied her bank account to purchases from Shopee.
On Saturday, a Facebook user going by the name Guft Sichol said her Siam Commercial Bank account tied to her Shopee account had been nearly emptied. She said she had more than 50,000 baht, but on Saturday she found only 400 baht in her account.
Her statement showed that nine transfers had been made from her account to Sips Shopeepay (Thailand) Co Ltd on December 1 and 2. The total amount transferred was 49,396 and there was no sign of the money in her ShopeePay e-wallet either.
The complainant said she had made no purchases from Shopee on those days.
She said she had searched and found that several other Shopee users faced similar issues.
“We understand the distress this may have caused. We are in contact with the individuals, and we are committed to supporting them and the relevant authorities in any investigations. Our users can continue to shop safely and securely on Shopee. Our platform is compliant with all relevant regulations,” Shopee said in a statement on Wednesday.
“The phasing out of internet bank transfers as a payment method on Shopee is completely unrelated to this matter. To improve the user experience, we have been streamlining our payment methods by phasing out redundant options, including payment via offline bank transfers such as bank’s counter.
“This was communicated to our users in November. Users may continue to shop as usual on Shopee using various popular payment methods, including ShopeePay wallet, Direct Debit, Promptpay and credit cards.”
Thailand’s automakers offering staff up to 8-month bonus for New Year
THURSDAY, DECEMBER 08, 2022
Major automobile manufacturers in Thailand have announced impressive New Year bonuses for employees after profits grew amid the recovery from Covid-19.
A survey by Thansettakij found that large automakers are offering bonuses of several months pay plus special allowances in line with sales growth.
The first 10 months saw 698,000 vehicles sold in Thailand, up 17.1% from the same period last year.
Automakers are offering the following bonuses:
– Isuzu Motors (Thailand): 8-month bonus plus special allowance of 27,000 baht
– Toyota Motors (Thailand): 7.5-month bonus plus special allowance of 34,000 and allowance to mark 60th anniversary of 16,000 baht
– Honda Automobile (Thailand): 5.4-month bonus plus special allowance of 50,000 baht.
Thansettakij also found that major suppliers of parts to automakers are also paying their workers high bonuses:
– Denso (Thailand) Co Ltd: 7.4-month bonus plus special allowance of 32,500 baht
– Yokohama Tyre Manufacturing: 5-month bonus plus special allowance of 25,000 baht.
Major industrial manufacturers that have followed suit include:
– Daikin Industries (Thailand): 7.2-month bonus plus 23,700-baht special allowance and 4.8% salary increase
– Thai Union Group Plc: Considering 1- to 2.5-month bonuses
Thansettakij has also surveyed the following hotels for their bonus policy this year:
JBP joined forces with alliances, heading toward sustainable business development under “One World One Future Together”
WEDNESDAY, DECEMBER 07, 2022
Climate Change is causing severe environmental impacts and turbulence across the globe. Organizations and the general public are now focusing their attention on environmentally-friendly and sustainable business practices.
Mr. Sarawut Rachanakul, Chief Executive Officer of JBP International Paint and President of the Thai Paint Manufacturers Association, is one of the industry leaders to spearhead the company’s strong commitment in promoting sustainable business practices through words and actions rather than as a trend of doing business.
Realizing the impacts on health and the environment from the beginning of COVID-19 pandemic and PM 2.5 air pollution in Thailand two years ago, JBP International Paint is committed to solving the problems by introducing new high-quality, environmentally and health-friendly paint products and plastic paint containers for consumers with support from Srithai Superware, Thailand’s leading manufacturer to ensure corporate social responsibility of the product and for the Thai people.
On November 11, JBP International Paint Company Limited, Thailand’s leading manufacturer and distributor of the paint industry represented by Mr. Chongkol Rachanakul, Chairman of Executive Committee, signed a memorandum of understanding (MOU) with key business alliances : Srithai Superware Public Company Limited, CRC Thai Watsadu Company Limited, and UAC Global Public Company Limited to collaborate on the “One World: One Future Together” project with aims to remediate global turbulence, reduce energy usage and greenhouse gases emission and announce readiness to ensure environmentally friendly business practices and foster Thailand’s economy toward sustainable growth.
Mr. Chongkol Rachanakul, Chairman of Executive Committee of JBP International Paint, said, “Sustainable development and sufficient economy philosophy are the core principles that our company upholds and promotes to everyone in the organization. We are concerned about the current environment issues so we want to promote the concept of the green supply chain that not only reduces environmental problems but also enhances our sustainable business practices to another level.”
Mr. Sarawut Rachanakul, Chief Executive Officer of JBP International Paint, said, “We are aiming to reduce greenhouse gas emissions significantly over the next decade. We are setting goals toward the realization of carbon neutrality by switching or transitioning to lower carbon alternatives and developing innovative environmentally friendly technology. In addition, this will continue to play a big part in shaping product development in our industry which is good for consumers and the environment that will be the way to more sustainable production models in the future.”
Mr. Chaiwat Kulphattaravanich, Executive Director of Srithai Superware, said, “Our company’s core business principles are Environment Social and Governance (ESG). We are committed to delivering environmentally friendly products and services that help to reduce greenhouse gases emission for the better quality of life of the people and the planet.”
Mr. Suthisarn Chirathivat, Chief Executive Officer of CRC Thai Watsadu, said, “At CRC Thai Watsadu, we are ready to help deliver positive values to the society and environment by reducing energy consumption. This will set an example for the retail industry transformation to become a green retailer for sustainable business practices.”
Mr. Kitti Jivacate, Chairman of Executive Committee of UAC Global, said, “We realized the impacts of environmental and energy crises. Therefore, we are committed to building a stable and sustainable business while maintaining our responsibility for the society and environment. We are ready to join hands with all sectors in maximizing benefits to the society and environment.”
The signing of this MoU signified future collaboration among 4 companies whereby each business organization will bring their own sustainable business practices to exchange with each other in order to develop, expand, and introduce new innovations for products and services to promote sustainable growth.The partnership will also include the development of sustainable products which can be truly identified as a “Green Supply Chain” in the future.
The MOU signing ceremony was also witnessed by honorable guests: Mr. Sanan Angubolkul, President of the Thai Chamber of Commerce who gave opening remarks together with Mr. Yuttana Jiamtragan, Chairman of the Circular Economy and Environmental Committee Thai Chamber of Commerce who also gave congratulatory speech and endorsement for “One World : One Future Together” project which aims to foster sustatinable development at international level as well as to achieve objectives of social, economic and environment development for a better planet. Other notable guests presided over at the event include Mr. Korn Narongdej, Ms. Sikanya Saktidej Bhanubandh, and Mr. Akarat Wannarat.
DTAC launches online solutions platform to assist SMEs with digitalisation
TUESDAY, DECEMBER 06, 2022
Nongluck Ajanapanya
Thailand’s internet service provider, Total Access Communication (DTAC), in partnership with Telenor and Google Cloud, has created B-LAB, its first online solutions platform, aimed at helping small and medium-sized enterprises (SMEs) to successfully navigate the digital transformation process.
Siripong Nokthanok, strategic vice president of SMEs sales division, told a group of journalists on Tuesday that B-LAB is a one-stop solutions platform for assisting SMEs in connecting, learning, and expanding their businesses.
“It is the end result of our research into our SME clients’ problems. By giving them access to a knowledge hub, customised software as a service, and mobile connectivity solutions, B-LAB is intended to empower them to fully digitalise their businesses and achieve profitable growth,” he noted.
Siripong Nokthanok
According to Lars Kristian Straatviet, vice president of B2B digital sales, one of the biggest barriers to businesses going digital is a lack of relevant competencies and skills.
DTAC has built a rich community ecosystem on B-LAB in collaboration with Telenor and Google Cloud. The platform is simple to use and meets individual needs with a 24/7 Thai support team, he said.
Lars Kristian Straatviet
“That means they [SMEs] can consult our service team at any time, from anywhere. We do not, however, want to be an open marketplace like Amazon Web Service. We simply want to focus on SMEs in order to provide them with unique added value,” Lars said.
He added that B-LAB’s priority now is to be a one-stop SMEs and e-commerce platform with the best software solutions, and to be learning partners with their SMEs in order to help them sustain their growth.
B-LAB can be used by sole proprietorships, such as online retailers, freelancers, content creators, lawyers, accountants, or consultants, as well as businesses that work in teams, Lars said.
The package price starts at 92.50 baht per month per user and there is also a 50% discount available for new business owners, he said. For those who are hesitant to subscribe, DTAC is offering a free 30-day trial.
Siripong believes that with over 3 million SMEs in Thailand, B-LAB can meet demand and see significant growth. He added that because B-LAB is the first of its kind in the region, Thailand will serve as a great model for the rest of the region and the world.
Sizzler alters strategy to cater to customers’ hunger for premium experience
TUESDAY, DECEMBER 06, 2022
Nongluck Ajanapanya
Sizzler, a western-style steak, seafood, and salad restaurant franchise, has adjusted its marketing strategy by creating an impressive dine-in experience with a premium menu to give consumers a special feeling.
Kreetakorn Siriatha, chief of financial and strategy officer, The Minor Food Group Pcl, Sizzler’s parent company, told a press conference on Tuesday that specialty is a food trend for 2023.
There is a demand for premium foods that make consumers feel special, he explained. For example, some people now prefer to drink specialty coffee rather than plain coffee.
The new strategic plan is being implemented as the dine-in restaurant industry continues to recover from the post-Covid era, where competition is fierce. Many players are working hard to win over consumers’ hearts in order to win over their loyalty, while newcomers are entering the market with new and amazing concepts.
“As a result, the industry has become extremely diverse. Though it is beneficial for customers to have more options, we must transform ourselves as quickly as their demand changes in order to stay on top of our customers’ minds,” Kreetakorn elaborated.
He pointed out that Covid has altered consumer behaviour. Aside from being concerned about healthy food and its safety, they want something premium and unique that will add value to their experience.
That is why, in addition to introducing new recipes with imported ingredients for a limited time in each season, Sizzler plans to open a dozen new branches in Bangkok’s suburbs and large provinces while renovating stores with more space and green colour tone under the Healthy Food Happy Mood concept.
Kreetakorn Siriatha (Center)
The concept focuses on medium-sized stores including innovation and creativity in store layout, new recipes, and a premium salad bar to attract more customers with high purchasing power in each location, he said.
Meanwhile, the loyalty programme e-member system at Sizzler has been upgraded, further enhancing member benefits. With these unique offers, which go beyond discounts, the company hopes to more than double its current membership base of 200,000.
Kreetakorn stated that competition in the restaurant industry is no longer primarily about discounts and promotions. It is how to always adjust its business to meet customers on time or ahead of schedule.
In response to the growing market, he said that Sizzler will have 61 stores nationwide by the end of 2022. The majority of Sizzler’s business is still dine-in, but the company’s delivery and takeaway services have grown significantly.
Consumer behaviour and the stimulation of consumer purchasing power through the introduction of various promotions are the growth factors.
The “Sizzler to Go” model, which focuses on serving food and drink recipes that suit consumers’ fast-paced lifestyle and require convenience in settings like train stations and hospitals, supports the growth. There are currently four branches, which may also help to increase the percentage of Sizzler’s overall sales.
Guardian Glass, the leader in quality glasses, magnificently organized its 30th anniversary celebration with the launch of its latest brand ambassador “Amanda Charlene Obdam”, Miss Universe Thailand 2020, and commercial of Guardian Glass Asia Pacific.
Sasha Klengel, Asia Pacific Director of Sales, said that this 30th anniversary celebration was an opportunity to start a new step we have never done before. It was attended and participated by a large number of customers, influencers, architects, and important people in the glass industry. On this occasion, we had both a celebration and a policy announcement for Guardian Glass Asia Pacific to set growth targets for the next year along with launching our latest commercial and brand ambassador “Amanda Charlene Obdam” to expand the brand awareness and reach more customer groups by aiming to enter the market with full force in 2023, including the Greatest Appreciation award given to Guardian Asia Pacific’s key dealers who have been accompanying together on the journey to success.
During the past 30 years when Guardian Glass has been operating its business in Thailand and Asia Pacific, the direction in our glass market has been growing more and more all along, including an expansion of our production factory in Rayong and a relocation of our office to Emporium Building to support the growth of the company. In addition, for the production of products, there has been continuous development of various quality glass designs, such as mirrors, clear glasses, and green glasses, along with the development of adding value to glasses to be used as a further material in other workpieces, such as glasses used in automotive parts or electrical appliances.
Moreover, Guardian Glass has also been paying its attention to both business development and environmental maintenance in terms of product production and development. There has been a development of glasses that can reduce energy consumption in the buildings and waste generation from energy use in the buildings, which is considered a very good way to reduce the destruction of the environment.
Considering the past growth, the ratio of domestic sales to exports has been 50:50. On average, the main customers are modern traders, glass processing plants and manufacturers of windows and doors, automotive glass parts and refrigerators etc. With a customer base that has been constantly increasing and accepting the quality of Guardian Glass products for a long time, we have set a strategy to increase our market share even more in 2023. In addition, there is a plan to focus on introducing new products that meet the needs, creating convenience for customers to further use these products, and building brand awareness to be more widely remembered.
This 30th anniversary celebration is the first time where Guardian Glass Asia Pacific launched its commercial of Guardian Glass Asia Pacific and brand ambassador “Amanda Charlene Obdam” to further expand the brand to be widely known by presenting a modern brand image and creating an outstanding character both in terms of technology, innovation, and personalities that match consumer groups.
Sasha Klengel concluded that for the past 30 years, we would like to thank you for every support that has enabled us to grow, including support from the government, business partners, and all customers. We hope that we will continue to receive support like this, along with the development that we intend to be a part that will make the glass industry in Thailand and Asia Pacific stronger.
Guardian Glass is a manufacturer and innovator of quality glasses with the limitless potential of amazing materials who has been in the hearts of Thai consumers for more than 30 years. Those interested can obtain more information at http://www.guardianglass.com.
Electic vehicle sales provide a jolt for online lending, Krungsri Auto says
FRIDAY, DECEMBER 02, 2022
Nongluck Ajanapanya
Surging sales of electric vehicles (EVs) are boosting digital auto lending, according to Krungsri Auto, the automotive finance unit of Bank of Ayudhya.
Rising EV sales in Thailand, particularly in the third quarter, contributed to rising demand for auto loans, and this led to significant growth of the digital lending service on the app “GO by Krungsri Auto”.
Congsin Congcar, head of Krungsri Auto Group, told a press conference on Friday that new digital loans for the first 10 months of this year rose 83% over the same period last year to 9.9 billion baht.
Congsin said that EV loans accounted for 34% of the total.
“With this growth rate, we can expect to see lending growing beyond our targets,” he added.
Krungsri Auto’s digital lending target for this year is 10.6 billion baht, a year-on-year increase of 53%. The amount is equivalent to 6% of its target for total new lending for the full year, which is 173 billion baht.
According to a recent report from the Department of Land Transportation, sales of EVs surged 289% in October from the same month last year.
The expansion of digital auto lending also coincides with a shift in Thai consumer behaviour. According to Krungsri Auto research, 68% of Thai internet users now buy products and services online every week.
Congsin said this was one reason Krungsri is adding more services to its app.
“We want to be more than just a digital loan application,” he said.
“With more complete services, we will continue to strengthen our ecosystem through the expansion of strategic partnerships with manufacturer brands, dealers, providers of EV infrastructures, and technology providers to create new solutions that meet the everyday needs of automobile users across all groups,” Congsin added.
Congsin said lending targets were either on track or exceeding targets. Full-year figures will be released at the end of this month, he said.
Consumers can apply for vehicle loans through GO by Krungsri Auto with just their identification cards and NDID verification.
After receiving notification of approved credit, they can sign a contract and purchase a vehicle without the need to submit additional documents, Congsin said.
He said the process can be completed in 30 minutes on the app.
Krungsri Auto was Thailand’s first auto-loan provider to offer service for all products through an app. Currently, 96% of the GO by Krungsri Auto app users live in Bangkok and other metropolitan areas, with the majority of them working full-time.