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Central bank imposes Bt50m online gold cap to curb baht volatility from March 1

13 Sept 17:06 Key points summarised by AI

The Bank of Thailand (BOT) has imposed a Bt50 million per person per platform cap on online gold trading using baht currency, effective March 1, to reduce pressure and volatility on the baht.
These new restrictions aim to improve gold trading standards and do not apply to gold trading in US dollars, traditional gold shops, gold savings platforms, gold futures, or individuals who owned over Bt50 million worth of gold before January 30.
Additional measures include mandatory full online payments, direct delivery and possession of gold by buyers and sellers, and a prohibition on using third-party bank accounts for settlements.

Yesterday 14:22 Key points summarised by AI

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.