Scams casting a shadow over Thailand’s stock market
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Scams casting a shadow over Thailand’s stock market
29 Sept 08:11Key points summarised by AI
Thailand's stock market is underperforming due to alleged scams, with some listed firms potentially linked to notorious financial scam centers operating out of Cambodia.
Thai regulators, including the SEC and BOT, are investigating and pledging to combat illegal activities, but face criticism for being slow compared to other countries like Singapore, which has proactively seized assets from linked scam operations.
The government plans to establish a national Data Bureau to monitor capital flows and combat illegal activities, amidst allegations of police involvement in scams and fragmented oversight of financial institutions.
Efforts to crack down on cross-border scams are complicated by border conflicts with Cambodia, raising concerns about foreign nationals using Thailand for money laundering and potential threats to national security.
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.