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Cash-strapped government dips into its limited resources to deal with oil crisis

11 Sept 04:06 Key points summarised by AI

Despite severe budget constraints and rising public debt, the Thai government approved a 3.7-billion-baht relief package and allocated 1.4 billion baht to the state welfare card fund to combat the oil crisis.
The funds, drawn from the central budget, aim to cushion the impact of soaring fuel costs, stabilize the market, and mitigate economic risks like stagflation across all sectors.
Key initiatives include providing an extra 100 baht for 13.22 million state welfare card holders, offering low-interest loans for clean energy solutions, and subsidizing fuel costs for the transportation sector.
Additional support extends to farmers with production cost loans, relaxed procurement criteria for government contractors, and soft loans for SMEs investing in green technologies.

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.