What's new in business news: August 15, 2013 | Bangkok Post: learning

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What's new in business news: August 15, 2013

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Prepaid TV on phone & TV, big losses at THAI so president may lose job & fall in stock trading hurts IPO market. 

TELEVISION 

True offering prepaid TV for home & mobile phone

TrueVisions is expanding its pay TV service to offer a prepaid service under the pay-as-you-watch concept, letting viewers get the service on both their TV set and mobile phone with no contract.

The company believes the market is entering the era of 'mass prepaid' .

Prepaid customers are expected to account for up to 70% of the total pay TV market in the next three to five years.

Customers can buy the satellite set-top box for 1,090 baht in exchange for a line-up of 120 TV channels.

A refillable smart card supplied with the set-top box can be used at any 7-Eleven store to buy channels. [Read rest of article here]. 

AIRLINES

THAI boss risks getting fired 

The future of Sorajak Kasemsuvan as president of Thai Airways International (THAI) hangs in the balance after his performance was deemed disappointing by the airline's board.

The airline's turnover in the first half of this year was lower than expected despite a rise in tourist numbers to the country.

The number of inbound tourists increased by 20% in the first six months of this year compared with the same period last year.

THAI suffered a net loss of 8.4 billion baht in the second quarter. This followed a net profit of 8.2 billion baht in the first quarter, combining for a net loss of 156 million baht in the first half of this year.

Intensifying competition from Gulf carriers and low-cost flights in Asia have hit THAI's turnover.

The loss during the first half of this year was also attributed to the purchase of new aircraft, depreciation costs for old aircraft, currency exchange movements and poor cargo service performance. [Read rest of article here]

STOCK MARKET

Thinning stock trade value worries SET

The Stock Exchange of Thailand (SET) is maintaining its average trading value target this year of 48-49 billion baht a day, though the level is likely to fall to 38 billion baht in the second half.

The lower trading value has resulted from uncertainty in the US and political changes in many countries.

Foreign investors are waiting for a clear policy from the US Federal Reserve on stimulus curbs.

Mr Pakorn said shrinking trade value could hurt the initial public offering (IPO) market.

Banks, energy and utilities remained the most popular with investors. [Read rest of article here]

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Vocabulary:

account for: to be a particular amount or part of something -

attribute to: to believe that something is the result of a particular situation, event, or person’s actions - ถือว่าเป็นของ

average: an amount calculated by adding several amounts together, finding a total, and dividing the total by the number of amounts - เฉลี่ย, ค่าเฉลี่ย

board: a group of people who have the responsibility of managing important business or government activities - คณะกรรมการ

cargo: things that are being sent by ship, plane, train or truck - สินค้าที่บรรทุกและจัดส่งโดยเรือ เครื่องบินหรือรถไฟ

carrier: a company that carries goods or passengers from one place to another, especially by air - บริษัทขนส่ง (โดยเฉพาะสายการบิน)

channel: TV channel - ช่อง, ช่องโทรทัศน์

clear: easy to see and understand - ชัดเจน

competition: a situation in which people or organizations compete, i.e., try to be more successful or better than somebody else who is trying to do the same as you - การแข่งขัน

concept: a principle or idea - ความคิด

contract: an official written agreement - สัญญา

curb: something that controls and puts limits on something - สิ่งควบคุม, สิ่งจำกัด, สิ่งระงับ

currency: the system of money that a country uses - เงินตรา

deemed: considered - เห็นว่า ถือว่า

depreciation: a gradual decrease in the value of machinery or buildings or other asset over a long period of time, as recorded in a company's accounting system - ค่าเสื่อมราคา การปรับปรุงค่าเสื่อมราคา

disappointing: not as good, successful, etc. as you had hoped; making you feel disappointed - น่าผิดหวัง, ผิดคาด

exchange: to give one thing and get another - แลกเปลี่ยน

expand: to make or become larger - ขยาย เพิ่ม

Federal Reserve: the US central bank, also called the "Fed" -

hang in the balance: of a situation that has reached a stage where it will soon be decided one way or another - สถานการณ์) ไม่แน่นอนว่าจะจบด้วยดีหรือร้าย

in exchange for: giving something to someone and receiving something else from them of a similar type or value - แลกเปลี่ยน

inbound: travelling towards a particular point, particularly into a city - ขาเข้า (opposite of outbound ขาออก)

initial public offering (IPO): the act of selling shares in a company for the first time - การเสนอขายหุ้นใหม่แก่ประชาชนทั่วไปเป็นครั้งแรก, ไอพีโอ

intensify: to get stronger - เข้มข้นขึ้น

investor: a person or organization that invests money, i.e., uses money with the aim of making a profit from it, for example by buying property or buying shares in a company - นักลงทุน

line-up: a list of names, of sports players playing in a game, TV programs that can be selected, etc - รายชื่อ

maintain: to keep - รักษา

offer: to make something available or to provide the opportunity for something - มีหลักสูตรใน

performance: how well someone does some task or activity; how well they achieve their goals - การปฏิบัติงาน, การทำให้บรรลุผลสำเร็จ

policy: a set of plans or action agreed on by a government, political party, business, or other group - นโยบาย

prepaid: paying for a service before you receive - พรีเพด, จ่ายล่วงหน้า,ชำระก่อนแล้ว

result from: caused by -

risk: the possibility that something dangerous or unpleasant might happen - ความเสี่ยง

satellite: an electronic device that is sent into space and moves around the earth or another planet. It is used for communicating by radio, television, etc. and for providing information - ดาวเทียม

set-top box: the box on top of TV used to receive satellite or cable TV and select channels - กล่องรับสัญญาณ

shrink: to become smaller, or to make something smaller - หดตัว, เล็กลง

stimulus: a set of programmes, especially government spending programmes, designed to start an economy growing again - แผนกระตุ้นหรือฟื้นฟูเศรษฐกิจ

target: a particular number or amount that you want to achieve - เป้าหมาย

thin: to become less - (ทำให้หรือกลายเป็น) บาง,ผอม,น้อย

trade: to exchange something that you have for something else - แลกเปลี่ยน

trading value: the amount of something that is bought and sold during a a period of time, such as stocks or bonds -

turnover: the total value of goods and services sold by a company during a period of time - จำนวนซื้อขาย

uncertainty: something that you cannot be sure about; a situation that causes you to be or feel uncertain - ความไม่มั่นใจ (ต่อเหตุการณ์ ชะตาชีวิต ฯลฯ), ความรู้สึกไม่แน่ใจ

value: how much something is worth in money or other goods for which it can be exchanged - มูลค่า

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