Some of the resolutions are as follows:
The cabinet acknowledged Industrial Economic Report for January 2023 and Q4/2022, and outlook for Q1/2023as proposed by Ministry of Industry.
Based on the report, manufacturing production index (MPI) in Q4/2022 contracted by 5.8% QoQ due to the contraction in manufacturing for export of several products as a result of global economic recession. Key industries that contributed to the contraction were hard disk drive, plastic beads, and refined petroleum production, whereas key industries that have expanded well in Q4/2022 were automobiles, and palm oil.
Manufacturing production index (MPI) for January 2023 also contracted by 4.4% YoY due to the contraction in manufacturing for export of several products as a result of global economic recession. Key industries that contributed to the contraction were hard disk drive (-48.83%), plastic beads (-23.34%), and furniture (-48.58%), whereas key industries that expanded well in January 2023 were oil refinery (+8.96%), and automobiles (+6.79%).
The cabinet acknowledged the Overview of Economic and Trade Indices for April 2023, as proposed by Ministry of Commerce.
According to the report,
- Consumer Price Index (CPI) in April 2023: 107.96 (+0.19 YoY)
- Headline inflation rate: +2.67%YoY
- Core inflation rate: +1.66%YoY
- Consumer Confidence Index (CCI): 53.5 (+1.2 MoM)
The cabinet approved for Thailand?s endorsement of Proliferation Security Initiative (PSI) 20th Anniversary: Joint Statement of the 2023 High-Level Political Meeting (HLPM), to be held during May 30- June 2, 2023 in Jeju, Republic of Korea. Should there be an amendment in parts that are not gist, the Thai delegation may proceed appropriately without having to resubmit to the cabinet. Secretary-General of the National Security Council or a representative is authorized to endorse the document. This is as proposed by Office of the National Security Council.
Proliferation Security Initiative (PSI) 20th Anniversary: Joint Statement of the 2023 High-Level Political Meeting (HLPM) is composed of 3 following components: 1) Reviewing Twenty Years of PSI Activities and Achievements; 2) Addressing the Changing International Security Environment and New Nonproliferation Challenges; and 3) Exploring the Ways Forward.
Source: Cabinet Meeting (Prayut Chan-o-cha) May 30, 2023