Foreign investors suggest the new government should focus on long-term plans
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Foreign investors suggest the new government should focus on long-term plans
22 Sept 20:40Key points summarised by AI
Foreign investors urge Thailand's new government to prioritize long-term strategies, focusing on industrial and educational transformation, rather than short-term policies like a substantial minimum wage increase.
Experts recommend reforming the educational system to cultivate a skilled workforce and transforming industries, including agricultural automation, to enhance competitiveness and generate higher incomes.
Political stability is identified as a crucial factor for attracting foreign investment, with calls for the new government to establish a clear direction promptly.
Business leaders caution that a 20% daily minimum wage hike could significantly challenge all economic sectors, particularly SMEs and foreign investors, advocating for thorough discussion before implementation.
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.