Logo of Phnom Penh Post newspaper Phnom Penh Post - Thai firm latest to offer lease financing



Thai firm latest to offer lease financing

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.

MOST VIEWED

  • Angkor lifetime pass, special Siem Reap travel offers planned

    The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit

  • ASEAN Foreign Ministers’ meet commences, Taiwan issue possibly on table

    The 55th ASEAN Foreign Ministers’ Meeting (AMM) and related meetings hosted by Cambodia kicks off in Phnom Penh on August 3, with progress, challenges, and the way forward for the ASEAN Community-building on the table. Issues on Taiwan, sparked by the visit of US House Speaker

  • Pailin longan winery tries to break through to the big time

    Longan aren’t quite as glamorous as some fruits. They don’t have the star-power of mangos or generate the excitement of a pricey seasonal niche fruit like the pungent durian. Unlike bananas or oranges, which are known and loved everywhere, longan remains a decidedly

  • Recap of this year’s ASEAN FM meet and look ahead

    This year’s edition of the ASEAN Foreign Ministers’ Meeting (AMM) hosted by Cambodia comes against the backdrop of heightened global tensions and increasing rivalry between major powers that have been compared to the animosity of the Cold War era. The following is The Post’

  • Debt restructuring over, time to tackle rising NPL ratio

    The Cambodian banking system has just completed a 26-month debt restructuring exercise where scores of loan accounts were revised, classified and provisioned as the rate of non-performing loans inched up, sparking a slight credit risk unease Implemented in April 2020, the Covid-19 debt restructuring measures came

  • Koh Slaket studio resort brings culture with style

    Davitra (Cambodia) Co Ltd’s multi-million-dollar 13ha Koh Slaket studio-cum-resort just east of the capital was inaugurated in the first phase on August 6, providing national and international tourists with a new travel option and job opportunities for locals. The man-made cultural and scenic lakefront getaway