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AI In-brief 23 Sept 12:14

Cabinet approves new measures to tackle fuel price volatility

Cabinet approved new 2026–2029 contingency and strategic plans for the Oil Fuel Fund, enhancing the government's ability to manage volatile global energy prices and stabilize domestic fuel costs.
The plan revises intervention criteria, identifying three situations: significant price increases (e.g., diesel/petrol exceeding 30 baht/L), sharp price fluctuations (e.g., refined oil changing over US$10/barrel/week), or fuel shortages.
It prioritizes fuels blended with domestic biofuels to reduce reliance on imported crude oil, support local agriculture, and strengthen long-term energy security.
The new strategy separates Oil Fuel Fund accounts for oil and LPG, focusing on subsidizing diesel and LPG during prolonged crises while accumulating funds when global oil prices are low to build liquidity.

AI In-brief Today 15:56

The Bank of Thailand (BOT) instructs domestic financial institutions to boost preparedness, conduct emergency drills, and closely monitor for cyberattacks, despite no incidents reported so far.
BOT convened key financial sector bodies, including the Thai Bankers’ Association, to strengthen preventive measures, enhance information sharing, and assess risks against potential cyber threats.
Siam Commercial Bank (SCB) highlights its 24/7 Security Operations Centre, actively safeguarding customer information and transactions from increasingly complex, AI-driven cyber threats.
Prime Minister Anutin Charnvirakul chaired a national meeting with security and cybersecurity agencies to discuss strategies for coping with evolving cyber threats on a national level.

Economy 1/2

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