Central bank seeks fix to wrongful freezing of accounts
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Central bank seeks fix to wrongful freezing of accounts
13 Sept 15:16Key points summarised by AI
The Bank of Thailand (BOT) is convening a meeting with commercial banks and the Anti-Online Scam Operations Centre (AOC) to improve procedures for freezing and unfreezing bank accounts.
Current procedures are adversely impacting innocent bank customers, particularly small retailers, whose accounts are mistakenly linked to online scams, disrupting their financial activities and businesses.
The problem arises from intensified efforts to track scam money trails, sometimes leading to account freezes due to banks' balance issues or police requests, despite the necessity of freezing suspect accounts for fund recovery.
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.