The Thai government declared earlier this week Thai Queen Suthida’s birthday a new national holiday.
According to the announcement, the new holiday falls on June 3 and is effective immediately.
The government said the birthday of the previous reigning queen Sirikit, August 12, remains a public holiday and Thailand’s Mother’s Day.
For financial institution branches in Narathiwat, Pattani, Yala, Satun, and Songkhla, extra holidays are given for Eidal – Fitr Day (Ramadan Day), Eidal – Adha Day (Raya Hajji Day) announced by the Sheikhul Islam Office, and the Chinese New Year Day if the date does not fall on any of holidays listed above or Saturday and Sunday.
|1.||Tuesday||1st||January||New Year’s Day|
|2.||Tuesday||19th||February||Makha Bucha Day|
|3.||Monday||8th||April||Substitution for Chakri Memorial Day|
(Saturday 6th April 2019)
|5.||Tuesday||16th||April||Substitution for Songkran Festival|
(Saturday 13th April 2019 and Sunday 14th April 2019)
|6.||Wednesday||1st||May||National Labour Day|
|8.||Monday||20th||May||Substitution for Wisakha Bucha Day |
(Saturday 18th May 2019)
|9.||Monday||3rd||June||H.M.Queen Suthida Bajrasudhabimalalakshana’s Birthday|
|10.||Tuesday||16th||July||Asarnha Bucha Day1|
|11.||Monday||29th||July||Substitution for H.M. King Maha Vajiralongkorn |
Phra Vajiraklaochaoyuhua’s Birthday
(Sunday 28th July 2019)
|12.||Monday||12th||August||H.M. Queen Sirikit The Queen Mother’s Birthday|
|13.||Monday||14th||October||Substitution for H.M. King Bhumibol Adulyadej The Great|
(Sunday 13th October 2019)
|15.||Thursday||5th||December||H.M. King Bhumibol Adulyadej The Great’s Birthday /|
National Day / Father’s Day
|17.||Tuesday||31st||December||New Year’s Eve|
1/ Effective from B.E. 2550 onwards, the Asarnha Bucha Day is prescribed as a holiday, in replacement of the Buddhist Lent Day.
2/ Effective from B.E. 2562 onwards, the Mid-Year Closing Day (1st July) is canceled as a financial institution’s holiday, which was originally scheduled to allow financial institutions to do half-year financial statement. However, financial institutions now have a more efficient financial statement system, which can be operated without affecting the services on all channels of financial institutions. Therefore, it is not necessary to prescribe the Mid-Year Closing Day as a financial institutions’ holiday anymore.
3/ For employees of financial institutions to participate in ceremony and other activities during the Royal Coronation of H.M. King Maha Vajiralongkorn.
Thailand’s economic growth expected to return to 2019 levels in mid-2023
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The Siam Commercial Bank (SCB), one of Thailand’s largest commercial banks, said in its latest economic outlook report that the country’s economy may wait until the second semester of 2023 to return to 2019 growth levels.(more…)
S&P maintains Thailand’s credit rating at BBB+ with stable outlook
Standard and Poor’s (S&P) maintained Thailand’s credit rating at BBB+ . The global rating firm expects the country’s gross domestic product (GDP) to grow at 1.1% this year, with a more optimistic growth at 3.6% per year from 2022 to 2024.
Standard and Poor’s (S&P) maintained Thailand’s credit rating at BBB+ . The global rating firm expects the country’s gross domestic product (GDP) to grow at 1.1% this year, with a more optimistic growth at 3.6% per year from 2022 to 2024.(more…)
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