Although the rising interest rate situation occurring currently inevitably affects loan business operation costs, Mr. Noom Piyasak Ukritnukun, Managing Director, Ngern Tid Lor PCL or TIDLOR stock, says he is not worried about rising interest rates because Ngern Tid Lor has strong business potential, thus receiving credit rating at A, Stable outlook, which is in high criteria compared to operators in vehicle title loan business. This results in Ngern Tid Lor having lower financial costs. Additionally, Ngern Tid Lor has invested in business operation foundation using innovation all along. Currently, the proportion of innovation investment decreased compared to the size of business which grows continuously, thus Ngern Tid Lor can manage business operation costs well.
And what Mr. Noom prioritizes is the well-being of employees during inflation and expensive goods period. Employees have higher living costs. Recently approved special money to help with cost of living for over 6,000 employees to help alleviate cost of living burden during inflation.