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BUSINESS ALERT Bank of Thailand Changes Check Seal Requirement

Category: Real estate, Posted:14 Dec 2009 | 00:07 am

Here is an update for businesses and individuals having Thai bank accounts, the Bank of Thailand (BoT) has announced a new system requiring document submission by December 30, 2009. Under BoT reference 'ForRocChor (12) Wor. 123/2553 the use of seals and embossing will be replaced by a Check Cashing and Archive System (ICAS).
Customers need to contact and cancel their company seal as a condition for issuance of checks and withdrawals. The use of signatures remains the same. Companies will need to submit Director's Board Meeting Minutes. Company Registration issued within the 30 days and a copy of the ID or passport of the authorized signatories.
It's recommend to visit your bank as early as possible to confirm the process as there is a December deadline and the new ICAS system will be formally implemented in February 2010.

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Destination Group Transacts Khao Lak Hotel

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Soho House Bangkok Opening in December

Category: Hotels, Posted:21 Sep 2022 | 13:09 pm Uber global social brand Soho House will debut in Bangkok this December 2022. Located in the former Eugenia hotel in Sukhumvit Soi 31, the property has been reinvented. With three floors of facilities, food, beverage, and cultural events are also set to be showcased. Soho  House Bangkok membership is set at THB135,000 per year, with […]
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UWC Phuket Enters International School Property Market

Category: Real estate, Posted:20 Sep 2022 | 08:46 am One of Phuket’s leading international schools UWC has entered into a development deal for integrated living. The school has subdivided a portion of its land adjacent to the campus and will have properties built by a Phuket real estate group TYSSEN VIP Development. Branded as the Campus Villas, the 44-unit gated estate offers four types […]
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