Mid Year Closing Day

[chickencurry]

I've been here a while now but still haven't worked out exactly what Mid Year Closing Day (tomorrow July 1st) is all about - and does everywhere close?  Can anyone tell me what it's all about?<br>

[gotlost]

Never heard of it.

[chickencurry]

Never heard of it.

Well according to my diary (a Thai diary) it is a public holiday tomorrow.

[QED]

Definitely not a public holiday.

Several Thai calendars/diries etc here and none of them mention it.

I too have never heard of it.

[xen]

Could it be end of the financial year as in some other countries, altho i thought Thailand was in April .

[chickencurry]

Could it be end of the financial year as in some other countries, altho i thought Thailand was in April .

Well that's mighty strange isn't it? I just looked at the front of my diary and it says that it is a Bank Holiday but not a Government Holiday, so maybe the Banks are counting up their dosh or something. According to my diary, the only other holiday which is a Bank Holiday and not a Government Holiday is National Labour Day on May 1st. So there ya go..... I'm no wiser really

[ausinpatong]

Well that's mighty strange isn't it? I just looked at the front of my diary and it says that it is a Bank Holiday but not a Government Holiday, so maybe the Banks are counting up their dosh or something. According to my diary, the only other holiday which is a Bank Holiday and not a Government Holiday is National Labour Day on May 1st. So there ya go..... I'm no wiser really

yes you are correct..it is a bank holiday..on July 1st

[gotlost]

Banks close July 1

Thursday, July 1 is the annual mid-year closing of all banks. This is a bank holiday and not a public holiday, so other offices and businesses will still be open. Many currency exchange booths will also be open, but all major bank branches will be closed for the day.

Chiang Mai Mall

[Valentine]

I think the shopping mall banks will still be open tomorrow.

[Tywais]

It's a bank holiday in order to do audits.

[QED]

Could it be end of the financial year as in some other countries, altho i thought Thailand was in April .

Well that's mighty strange isn't it? I just looked at the front of my diary and it says that it is a Bank Holiday but not a Government Holiday, so maybe the Banks are counting up their dosh or something. According to my diary, the only other holiday which is a Bank Holiday and not a Government Holiday is National Labour Day on May 1st. So there ya go..... I'm no wiser really

Thai Tax year runs from 1st Jan to 31st December, so tomorrow is the exact half year point.

Half year auditing etc. could explain it, but why they need to close for that goodness knows.

[xen]

[Half year auditing etc. could explain it, but why they need to close for that goodness knows.quote]

Well they work mighty hard in the banks so they deserve a break from shuffling papers and looking both busy and important.

Edited June 30, 2010 by xen