US Fed maintains stimulus, baht in biggest rise since 2007 & schools may reintroduce repeat year.
A television monitor on the floor of the New York Stock Exchange shows the decision of the Federal Reserve Thursday morning Thailand time.
Fed keeps stimulus in place
The Federal Reserve on Wednesday left its $85 billion a month stimulus programme in place surprising economists and financial markets expecting a reduction that would confirm a strengthening US economy.
Financial markets in the US reacted sharply. Stocks soared on the news of the Fed's continuing QE injections into the economy, bond yields plummeted and the dollar sank to the lowest level against the euro since February.
The guesses on how much the bond purchases would be cut ranged from $5 billion a month to $25 billion a month. The prospects of the removal of that much liquidity from the economy had already pushed up interest rates That change in interest rates has already slowed the rebound in the US housing market, which has been crucial to the economy's recovery
Unemployment at August's 7.3 per cent rate remains high but could be higher since much of the recent fall has come from falling participation in the labour force so the unemployment rate understates the actual amount of unemployment
[See full story here ]
Baht in biggest rise since 2007
Bloomberg News agency
The baht rose the most since 2007 and government bonds climbed after the United States Federal Reserve unexpectedly refrained from cutting monetary stimulus that has spurred demand for emerging-market assets
The baht jumped 1.8%, the most since January 2007, to 31.1 per dollar as of 8.17am in Bangkok.
Global funds bought $432 million more Thai equities than they sold this month through yesterday and pumped a net $884 million into government bonds leading to a fall in the yield on key government bonds by 12 basis points to 4.11%, the biggest drop since July 9.
Schools may reintroduce 'repeat year'
The Education Ministry may reintroduce the policy of requiring students to repeat a class year to improve the basic standard of education in Thailand.
Currently students are automatically moved up to higher class each year, even though they may have failed many subjects, in the expectation they would pass the exam later. However, in some schools they do not re-sit the exam at all and in some cases parents pressure schools to give their children a pass mark and students who are essentially illiterate are allowed to continue their studies at secondary school
There should also be some form of special tutoring for failed students until they are good enough to move up to a higher class.
[Read full story here ]
Learn from listening
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actual: real; existing in fact - จริง
asset: something owned by a person, company etc., particularly money and property - ทรัพย์สิน
automatic: when a machine does something by itself without needing a humaN to operate it and make decisions; self-operating, automated - อัตโนมัติ, เป็นไปโดยอัตโนมัติ
basic: of the simplest kind or at the simplest level - พื้นฐาน, อันดับแรก, สำคัญ
basis point: one hundredth of one per cent, used for interest rates, especially interest rates on bonds -
bond: a way that companies and the government borrow money from many people each of which owns one or more "bonds" which are usually traded on securities exchanges - พันธบัตร
case: a particular situation or a situation of a particular type - กรณี, เหตุการณ์, สถานการณ์
continued: happening or existing for a period of time without interruption - ซึ่งติดต่อกัน, ซึ่งต่อเนื่องกัน
crucial: extremely important because it effects the result of something - สำคัญยิ่ง
currently: at this time; now - ในปัจจุบัน
demand: the need and desire of people to buy goods - อุปสงค์
economist: a person who studies or writes about economics - นักเศรษฐศาสตร์
equity: stock shares - หุ้นทุน
essentially: for the most part - ที่สำคัญที่สุด
expectations: the belief that something will happen - สิ่งที่คาด คิดว่าจะเกิดขึ้นในอนาคต
Federal Reserve: the US central bank, also called the "Fed" -
financial: involving money - เกี่ยวกับเงิน, ทางการเงิน
fund: money provided for something - เงินทุน กองทุน
global: throughout the world - ทั่วโลก
guess: to try and give an answer or make a judgement about something without being sure of all the facts - เดา
illiterate: unable to read and write - อ่านไม่ออกเขียนไม่ได้
in place: prepared and ready to use - เข้าที่, อยู่ในที่
injection: putting a liquid, especially a drug, into a person's body using a needle and a syringe - การฉีดยา
interest rate: the percentage that a bank or other financial company charges you when you borrow money, or the percentage it pays you when you keep money in an account - อัตราดอกเบี้ย
international: connected with or involving two or more countries - นานาชาติ, สากล, ระหว่างประเทศ
key: very important - ที่สำคัญ
liquidity: the ease with which assets can be turned into cash - สภาพคล่อง
monetary policy: the policy of the central bank of a country to control the supply of loans and money in the economy - นโยบายการเงิน
net: the amount that remains after everything has been subtracted (or taken away) -
participation: to take part in or become involved in an activity - การมีส่วน
plummet: to fall suddenly; to suddenly become much lower - ตกฮวบลง
policy: a set of plans or action agreed on by a government, political party, business, or other group - นโยบาย
pressure: to try to make someone do something by forcing, threatening, or persuading them in a determined way - กดดัน
prospect: the possibility that something will happen - โอกาส
pump into: put a large amount into something -
purchase: something that has been bought - ของที่ซื้อมา
purchase: to buy something - ซื้อ
quantitative easing: the current monetary of the US central bank, started after the 2008 global financial crisis -
range: to have an upper and a lower limit in amount, number, etc - ผันแปรภายในขอบเขตหนึ่ง
re-: to do again - อีก
re-sit exam: to take an exam again -
react: to respond as a result of something that happens - มีปฏิกิริยาตอบโต้
rebound: to rise again after falling, recover - กระโดดขึ้นอีกครั้งหนึ่ง,สะท้อนกลับ,เด้งกลับ
recent: happening or starting a short time ago - เร็วๆ นี้
recovery: the process of becoming normal and healthy again - การฟื้นฟู
refrain: to stop yourself from doing something - ระงับ เลิก
removal: taking something away - การเอาออกจาก
repeat: something that happens again, i.e., which is very similar to a previous happen - การกระทำซ้ำ
secondary school: a school for young people, usually between the ages of 11 and 16 or 18 - ชั้นมัธยมศึกษา
sink (past form: sank): to (cause something or someone to) go down below the surface or to the bottom of a liquid or soft substance - จม
soar: to rise very quickly to a high level - มีความหวังสูง,พุ่งพรวดขึ้น
spur: to cause something to happen - ก่อให้เกิด
standards: a level of quality that is normal or acceptable for a particular person or in a particular situation - มาตรฐาน, บรรทัดฐาน
stimulus: a set of programmes, especially government spending programmes, designed to start an economy growing again - แผนกระตุ้นหรือฟื้นฟูเศรษฐกิจ
stimulus package: a set of actions designed to increase economic activity - นโยบายหรือแผนการกระตุ้นเศรษฐกิจ
stimulus policy: a set of actions designed to increase economic activity - นโยบายหรือแผนการกระตุ้นเศรษฐกิจ
stimulus scheme: a set of programmes, especially government spending programmes, designed to start an economy growing again - แผนกระตุ้นหรือฟื้นฟูเศรษฐกิจ
tutor: a teacher, especially one with special duties - ครูพิเศษ, ครูสอน,
understatement: a statement that makes something seem less important, serious, big, etc. than it really is - ข้อความที่ไม่ครบตามความจริงทั้งหมด ที่ไม่เต็มเม็ดเต็มหน่วย
unemployment: the fact of a number of people not having a job; the number of people without a job - การว่างงาน, จำนวนผู้ว่างงาน
yield: the return or total amount of profits and income you get from an investment or a business - ผลตอบแทน, ผลตอบแทนจากการลงทุน