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GH Bank
GH Bank or Government Housing Bank ( th, ธนาคารอาคารสงเคราะห์; , Thai initialism ธอส. ''tho-oso'') is a state enterprise reporting to the Thai Finance Ministry. Founded in 1953, its mission is to extend mortgages to low-income earners. History On 9 January 1953, King Bhumibol Adulyadej approved the ''Government Housing Bank Act , B.E. 2496''. The act was published in the ''Government Gazette'' on 29 January 1953. The act established a government housing bank as a specialized financial institution. The bank opened for business on 24 September 1953, which is considered the date of its founding. On the occasion of the 40th anniversary year in 1993, the bank changed its logo to a stylised image of "two hands embracing a house". The GH Bank website became operational the same year. Operations GH Bank is Thailand's largest mortgage lender. , it has 1.3 trillion baht The baht (; th, บาท, ; sign: ฿; code: THB) is the official ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage Loan
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangkok
Bangkok, officially known in Thai language, Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estimated population of 10.539 million as of 2020, 15.3 percent of the country's population. Over 14 million people (22.2 percent) lived within the surrounding Bangkok Metropolitan Region at the 2010 census, making Bangkok an extreme primate city, dwarfing Thailand's other urban centres in both size and importance to the national economy. Bangkok traces its roots to a small trading post during the Ayutthaya Kingdom in the 15th century, which eventually grew and became the site of two capital cities, Thonburi Kingdom, Thonburi in 1768 and Rattanakosin Kingdom (1782–1932), Rattanakosin in 1782. Bangkok was at the heart of the modernization of Siam, later renamed Thailand, during the late-19th century, as the country faced pressures from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Huai Khwang District
Huai Khwang ( th, ห้วยขวาง, ) is one of the 50 districts (khet) of Bangkok, Thailand. It is east of the city centre. Neighbouring districts are Chatuchak, Wang Thonglang, Bang Kapi, Suan Luang, Watthana, Ratchathewi, and Din Daeng. History Huai Khwang district was established in an area formerly part of Phaya Thai in 1973. Adjustments to the district were made in 1978, adjusting boundaries with neighboring districts Phaya Thai and Bang Kapi, and again in 1993, creating the new Din Daeng District. The name "Huai Khwang" literally meaning 'barricaded creek' (''huai'' means ' creek' and ''khwang'' means 'barricaded'). Because the terrain here in the past consisted of wetlands and creeks; waterways were the main means of transport. Today, the district has attracted a new generation of Chinese, leading it to be called "New Chinatown", as distinct from Bangkok's traditional Chinatown, Yaowarat, in Samphanthawong district. Administration The district is divided ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Thailand)
The Ministry of Finance (Abbreviation, Abrv: MOF; th, กระทรวงการคลัง, ) is a List of Cabinet Ministries of Thailand, cabinet ministry in the Government of Thailand. Considered to be one of the country's most important ministries, the Ministry of Finance has many responsibilities over public finance, taxation, the treasury, government properties, operations of government monopolies, and revenue-generating enterprises. The ministry is also vested with the power to provide loan guarantees for the governmental agencies, financial institutions, and state enterprises. Management and budget The head of the ministry is the Minister of Finance ( th, รัฐมนตรีกระทรวงการคลัง). He is a member of the Cabinet of Thailand and therefore appointed by the King of Thailand on the advice of the Prime Minister of Thailand, prime minister. , the Minister of Finance is Mr Apisak Tantivorawong. The MOF permanent secretary is Prasong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initialism
An acronym is a word or name formed from the initial components of a longer name or phrase. Acronyms are usually formed from the initial letters of words, as in ''NATO'' (''North Atlantic Treaty Organization''), but sometimes use syllables, as in ''Benelux'' (short for ''Belgium, the Netherlands, and Luxembourg''). They can also be a mixture, as in ''radar'' (''Radio Detection And Ranging''). Acronyms can be pronounced as words, like ''NASA'' and ''UNESCO''; as individual letters, like ''FBI'', ''TNT'', and ''ATM''; or as both letters and words, like '' JPEG'' (pronounced ') and ''IUPAC''. Some are not universally pronounced one way or the other and it depends on the speaker's preference or the context in which it is being used, such as '' SQL'' (either "sequel" or "ess-cue-el"). The broader sense of ''acronym''—the meaning of which includes terms pronounced as letters—is sometimes criticized, but it is the term's original meaning and is in common use. Dictionary and st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
King Bhumibol Adulyadej
Bhumibol Adulyadej ( th, ภูมิพลอดุลยเดช; ; ; (Sanskrit: ''bhūmi·bala atulya·teja'' - "might of the land, unparalleled brilliance"); 5 December 192713 October 2016), conferred with the title King Bhumibol the Great in 1987 (officially conferred by King Vajiralongkorn in 2019), was the ninth monarch of Thailand from the Chakri dynasty, titled Rama IX. Reigning since 9 June 1946, he was the world's longest-reigning current head of state from the death of Emperor Hirohito of Japan in 1989 until his own death in 2016, and is the third-longest verified reigning sovereign monarch in world history after King Louis XIV and Queen Elizabeth II, reigning for 70 years and 126 days. During his reign, he was served by a total of 30 prime ministers beginning with Pridi Banomyong and ending with Prayut Chan-o-cha. ''Forbes'' estimated Bhumibol's fortune – including property and investments managed by the Crown Property Bureau, a body that is neither private nor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thai Baht
The baht (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldwide Interbank Financial Telecommunication, SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of January 2019. History The Thai baht, like the Pound (currency), pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding weight (now defined as 15 grams), and was in use probably as early as the Sukhothai Kingdom, Sukhothai period in the form of bullet coins known in Thai as ''phot duang''. These were pieces of solid silver cast to various weights corresponding to a Thai units of measurement, traditional system of units related by simple fractions and multiples, one of which is the ''baht (unit), baht''. These are listed in the follo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Thailand
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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