AI In-brief Today 18:36

Nene Royal’s spectacular success revives calls for improving child welfare

Teen prodigy Nene Royal's America's Got Talent win highlights the profound impact of strong parental support and early childhood investment on a child's development.
Her success reignites calls from academics and civil groups for comprehensive child welfare improvements, emphasizing that early years (birth to age three) are crucial for brain development and yield high returns.
Advocates are pushing for a universal Child Support Grant (CSG) and expanded community childcare in Thailand to ensure all children, regardless of background, can reach their full potential.
Studies reveal that the existing income-based CSG excludes a significant percentage of poor children, reinforcing the urgent need for a universal program to address these systemic gaps.
The Ministry of Social Development and Human Security is set to propose a universal CSG to the Cabinet, aiming for implementation by 2027 to expand coverage to approximately 3 million children and pregnant women.

AI In-brief Today 15:16

BOT set to tighten controls on BNPL service

The Bank of Thailand (BOT) will implement stricter controls on "Buy Now, Pay Later" (BNPL) services and consumer credit starting December to address growing debt issues and foster long-term financial stability.
The central bank observed a rapid surge in BNPL services, with credit accounts increasing 90% annually, highlighting elevated risks for consumers, particularly younger and vulnerable demographics.
New regulations introduce five key measures, including a minimum age of 20 for BNPL users and a credit limit of 20,000 baht with a maximum six-month repayment period.
Additional controls cap combined interest, fines, and fees at 15% per annum and prohibit the conversion of credit lines into cash or digital money, ensuring responsible lending practices.