Government Savings Bank (Thailand)
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Government Savings Bank (Thailand)
Government Savings Bank (GSB) ( th, ธนาคารออมสิน) is a state-owned Thai bank headquartered in Phaya Thai District, Bangkok. GSB's Swift code is GSBATHBK. History King Vajiravudh (Rama VI) introduced a means to save money to Thailand in 1913. His purpose was to introduce Thai people to banking services and to promote a habit of thrift and saving. King Vajiravudh issued an act, effective 1 April 1913, to formally set up a "Savings Office" which began its operations under the Royal Treasury. In 1929, in a period of economic depression, King Rama VII permitted the transfer of the bank to the Post and Telegraph Department of the Ministry of Commerce and Transportation(Currently using the name Office of The National Broadcasting and Telecommunications Commission) to make it more convenient for citizens. The bank established new businesses such as travel savings, capital accumulation savings, and house deposit savings. By the end of 1936, a total of 104 br ...
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Vajiravudh
Vajiravudh ( th, วชิราวุธ, , 1 January 188126 November 1925) was the sixth monarch of Siam under the Chakri dynasty as Rama VI. He ruled from 23 October 1910 until his death in 1925. King Vajiravudh is best known for his efforts to create and promote Siamese nationalism. His reign was characterized by Siam's movement further towards democracy and minimal participation in World War I. He had keen interests in Siamese history, archaeology, and literature, as well as economics, politics and world affairs, and founded the country's first university, Chulalongkorn University. Education Vajiravudh was born on 1 January 1881 to Chulalongkorn and one of his four queens and half sister Saovabha Phongsri. In 1888, upon coming of age, Vajiravudh received the title ''Krom Khun'' Thep Dvaravati (Prince of Ayutthaya). Prince Vajiravudh was first educated in the royal palace in Thai and English. His full siblings were Bahurada Manimaya, Tribejrutama Dhamrong, Chakrabongs ...
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Bangkok
Bangkok, officially known in 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 in 1768 and 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 West. The city was at the centre of Thailand's political strug ...
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Ministry Of Finance (Thailand)
The Ministry of Finance ( Abrv: MOF; th, กระทรวงการคลัง, ) is a 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. , the Minister of Finance is Mr Apisak Tantivorawong. The MOF permanent secretary is Prasong Poontaneat. The MOF was allocated 242,948 million baht in the FY2019 budget. ...
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Prajadhipok
Prajadhipok ( th, ประชาธิปก, RTGS: ''Prachathipok'', 8 November 1893 – 30 May 1941), also Rama VII, was the seventh monarch of Siam of the Chakri dynasty. His reign was a turbulent time for Siam due to political and social changes during the Revolution of 1932. He is to date the only Siamese monarch of the Chakri Dynasty to abdicate. Early life Somdet Chaofa Prajadhipok Sakdidej ( th, สมเด็จเจ้าฟ้าประชาธิปกศักดิเดชน์) was born on 8 November 1893 in Bangkok, Siam (now Thailand) to King Chulalongkorn and Queen Saovabha Phongsri. Prince Prajadhipok was the youngest of nine children born to the couple. Overall he was the king's second-youngest child (of a total of 77), and the 33rd and youngest of Chulalongkorn's sons. Unlikely to succeed to the throne, Prince Prajadhipok chose to pursue a military career. Like many of the king's children, he was sent abroad to study, going to Eton Co ...
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Legal Personality
Legal capacity is a quality denoting either the legal aptitude of a person to have rights and liabilities (in this sense also called transaction capacity), or altogether the personhood itself in regard to an entity other than a natural person (in this sense also called legal personality). Natural persons Capacity covers day-to-day decisions, including: what to wear and what to buy, as well as, life-changing decisions, such as: whether to move into a care home or whether to have major surgery. As an aspect of the social contract between a state and its citizens, the state adopts a role of protector to the weaker and more vulnerable members of society. In public policy terms, this is the policy of ''parens patriae''. Similarly, the state has a direct social and economic interest in promoting trade, so it will define the forms of business enterprise that may operate within its territory, and lay down rules that will allow both the businesses and those that wish to contract wi ...
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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 ...
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