Luxury cars worth tens of millions of baht seized from Ponzi scheme boss in Chiang Mai
AI In-Brief
Thailand News in Brief
Thai PBS World
Thailand and the world, every day
AI can make mistakes. Please double-check.
Luxury cars worth tens of millions of baht seized from Ponzi scheme boss in Chiang Mai
13 Sept 09:26Key points summarised by AI
Thai police seized luxury assets, including sports cars and motorcycles, from Nitikorn Inta, CEO of P Miner Cryptocurrency Group, implicated in a large-scale Ponzi scheme in Chiang Mai.
The illegal firm lured investors with promises of attractive returns from over 30 fake cryptocurrency projects, initially paying out before defaulting and claiming "liquidity problems."
Victims collectively lost an estimated 439 million baht to the scam, with most company executives now at large as police continue their investigation.
Thailand's Education Ministry is implementing a four-pronged strategy to address its students' below-average performance in PISA 2025 and tackle significant educational inequality.
The plan prioritizes closing performance gaps by increasing funding for small and low-income schools, overhauling the curriculum to foster critical thinking, and adopting a data-driven management system to reduce teacher workload.
Key initiatives include enhancing school safety, combating cyberbullying, and expanding mental health support through peer-to-peer networks, recognizing the severe impact of distress on academic performance.
An education expert advises verifying if PISA improvements stem from structural changes, advocating for a revived STEM curriculum with practical 'learn by doing' methods, and urging bureaucratic reform to link teacher evaluations to student development.