Tang Hua Seng to survive closure with new investors
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Tang Hua Seng to survive closure with new investors
13 Sept 08:51Key points summarised by AI
Tang Hua Seng's Thonburi branch will avoid permanent closure, securing new investors to ensure its survival.
The department store faces severe financial difficulties, including overdue electricity bills and employee claims of unpaid salaries since last year.
A 62-year-old family business, Tang Hua Seng has reported mounting losses since 2017, largely due to its failure to adapt to evolving consumer lifestyles and modern retail competition.
Despite the temporary closure and employee demands for compensation, the prospective new owner plans to continue operating the location as a department store.
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.