What's new in business news: September 24, 2013 | Bangkok Post: learning

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What's new in business news: September 24, 2013

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Lampang ceramics in big trouble, Thailand's first long-haul low-cost carrier & homes and businesses to sell solar power to electricity grid 

Hundreds apply for solar rooftop licences at the Provincial Electricity Authority on Ngam Wong Wan Road yesterday. More than 1,000 solar rooftop applicants turned up to apply for the licences on Monday. Half the licences will be for the residential sector and the rest for factories and other commercial buildings. PATTANAPONG HIRUNARD

CERAMICS

Lampang's ceramics industry in big trouble

Ceramics firms in Lampang have been hit hard by the daily minimum wage hike, a fall in exports and higher energy prices after the price of liquefied petroleum gas (LPG) for industrial use was floated in 2011. The industry has asked the government for 1.5 billion baht in soft loans and 600 million baht for a central kiln to save on energy costs.

Lampang is home to 70-80% of Thai ceramics for export with key competitors in other Asean countries and China. Some 80-90% of factories are small and medium-sized enterprises (SMEs) with 50-100 employees

Europe's economic slowdown did drastic damage to local factories, as the European market accounts for 60-70% of Lampang's ceramics exports. Ceramics exports of 1.5 billion baht are projected for this year, a sharp decline from 3 billion last year. Five factories have reportedly closed down, the largest with 2,000 employees. Most of the factories in Lampang have cut production by half and tried their best to keep workers.

[Read full story here ]

AVIATION

Thai AirAsia X: First long-haul low-cost carrier based in Thailand

A new company Thai AirAsia X (TAAX) will be Thailand's first locally registered long-haul low-cost carrier (LCC). A Thai national has been named head of the new company.  Expats from the business group's Malaysian long-haul low-cost carrier (LCC) will help to ensure the new company starts operation smoothly during its first year but the plan is to have TAAX run entirely by Thais in the second year.

TAAX will begin operations in next year's first quarter, initially from its base at Bangkok's Don Mueang airport, flying to South Korea and Japan. These highly competitive routes with strong demand from Thais will be served by two Airbus 330-300 wide-body jets.

TAAX will be the first sister airline of the Malaysian company AirAsia X which took to the skies in 2007 and Bangkok will be Thai AirAsia X's first hub outside Kuala Lumpur. In the future, the company intends to establish two more hubs in Indonesia and the Philippines, where it hopes to leverage the group's other airlines to provide it with additional feeder traffic. AirAsia X currently serves 15 destinations in Asia and Australia with a fleet of 13 A330-300s.

[Read full story here ]

RENEWABLE ENERGY

Solar rooftops of homes & businesses to sell solar power to electricity grid

With great expectations that solar rooftops will become the next promising energy sector, more than 1,000 applicants queued for solar rooftop licences that will allow them to sell the solar power that they generate to the government. Half the licences will be for the residential sector, with the rest of the licenses for factories and commercial buildings. Licences will be valid for 25 years.

A 10-kW solar panel for households should expect to see a return on investment in 7-8 years based on four hours of average peak productivity per day. Households should expect to invest 200,000 to 700,000 baht, depending on generating capacity and type of panel.  

The power tariff for the solar rooftop programme is set at 6.96 baht per kilowatt-hour for household projects with a capacity of 1-10 kW, 6.55 baht for small buildings with a capacity of 10-250 kW and 6.19 baht for medium-sized and large buildings or factories with a capacity of 250 to 1,000 kW.

[Read full story licences" >here ]

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Vocabulary:

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

additional: more; more than was first mentioned or is usual - ที่เพิ่มขึ้น

applicant: someone who applies for something, such as a job or a loan of money - ผู้สมัคร,ผู้แจ้งความจำนง,ผู้ขอ

base: a place from where an activity can be planned or controlled - ฐาน, ฐานที่มั่น

based: where the main work of an organisation, business, etc. is done or controlled - ซึ่งเป็นศูนย์กลาง

capacity: the amount of something that can be produced - ความสามารถในการ (ผลิต)

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

ceramic: pottery, earthenware - ศิลปะการทำเครื่องเคลือบดินเผา, เครื่องปั้นเผา , เซรามิก

commercial: for business purposes - เกี่ยวกับการค้า

competitive: having a high level of close competition - แข่งขันสูง

competitor: a person, team or company that is competing against others - ผู้แข่งขัน, คู่แข่ง

damage: to harm or spoil something/somebody - ทำความเสียหาย

demand: the need and desire of people to buy goods - อุปสงค์

depend on: according to; affected by things that happen - ขึ้นอยู่กับ

destination: the place where someone or something is going - จุดหมายปลายทาง

drastic: having a very big effect - มีผลกระทบอย่างใหญ่หลวง

employee: someone who is paid regularly to work for a person or an organisation - ลูกจ้าง

ensure: to make certain that something happens or is done - ให้การยืนยัน, รับรอง, ให้ความมั่นใจ

enterprise: an organization, especially a business - กิจการ, บริษัท,อุตสาหกิจ,วิสาหกิจ

entirely: completely; in every way possible - โดยทั้งหมด, โดยสิ้นเชิง

establish: to start a company or organization that will likely continue for a long time - สถาปนา, ก่อตั้ง, จัดตั้ง

expatriate (expat): a person living in a country that is not their own - คนที่อาศัยอยู่ต่างประเทศ (เป็นเวลานาน)

expectations: the belief that something will happen - สิ่งที่คาด คิดว่าจะเกิดขึ้นในอนาคต

feeder: of a minor road, railway line, or air service that leads to a major one -

firm: a business or company - บริษัท

fleet: a group of vehicles, planes, boats, or trains, especially when they are owned by one organisation or person - กลุ่มรถแท๊กซี่, รถโดยสาร, หรือเครื่องบินที่อยู่ในบริษัทเดียวกัน

float: when something such as an exchange rate or interest rate is allowed to move up and down freely in response to market forces and government does not try to control it -

generate: to produce - ผลิต, ก่อให้เกิด

grid: a set of wires that carries the electricity supply - สายไฟ

hike: an increase - การเพิ่มสูงขึ้น

household: a group of people, often a family, who live together - ครัวเรือน

hub: the central or main part of something where there is most activity - จุดศูนย์กลาง

industrial: relating to industry - เกี่ยวกับอุตสาหกรรม

intend: to plan to do; to want to happen - ตั้งใจให้เกิดขึ้น, วางแผนไว้

invest: to spend money on something in order to make it better or more successful - ลงทุน

key: very important - ที่สำคัญ

leverage: to get as much advantage or profit as possible from something that you have - หาประโยชน์, ใช้กำลังหรือมีอิทธิต่อ

licence: an official document that gives someone permission to do or use something - ใบอนุญาต

local: in this country (Thailand) -

long-haul: long-distance -

minimum wage: the lowest wage, daily or hourly, allowed by law - ค่าจ้างขั้นต่ำ

national: a citizen of a particular country - ประชาชน

operation: a business activity - การดำเนินการทางธุรกิจ

operations: the activity or work done in an area of business or industry - ปฎิบัติการ

peak: the time when something is at its highest or greatest level - ช่วงเวลาที่พบมากที่สุด

power: energy from electricity - พลังงาน, พลังงานกล,พลัง, กำลัง, แรง

production: the process of making goods or materials, especially large quantities - การผลิต

productivity: the rate at which a worker, company or whole country produces goods compared with the resources or inputs needed to produce them such as labour, capital, machines and equipment needed to produce them - ผลิตภาพ; การเพิ่มผลผลิต; ความสามารถในการผลิต

project: to make a calculation or guess about the future based on information that you have - คาดคะเน

promising: likely to be successful or very good - มีอนาคตดี,มีความหวัง

quarter: three months of the year on the official calendar of the government or companies -

queue: a line of people waiting for something - คิว

register: to be officially recorded as ... -

reportedly: as reported (often used for showing that you are not certain that something you are reporting is true) - ตามที่รายงาน

residential: of a place where people live -

residential area: a place where people live - เขตที่อยู่อาศัย

return on investment (ROI): a measure of how much profit an investment produces compared with the amount originally invested, return on assets, return on capital, return on equity - ผลตอบแทนจากการลงทุน, ผู้ลงทุนในกองทุนรวมจะได้รับผลตอบแทนใน 2 ลักษณะ ได้แก่ กำไรจากการขายหน่วยลงทุนและเงินปันผลของกองทุนรวม เงินปันผลหมายถึงส่วนแบ่งกำไรของกองทุนนั้น ๆ (ในกรณีเป็นกองทุนรวมที่มีนโยบายจ่ายเงินปันผล) ถ้าเป็นบุคคลธรรมดารับเงินปันผลจะถูกหักภาษี 10 % หรือนำมารวมคำนวณภาษีปลายปีในอัตราก้าวหน้า [ตลาดทุน]

route: the way that planes, buses, trains, or ships travel regularly - เส้นทางของรถ เรือ เครื่องบิน,etc.

sector: a part of a country’s economy or business activity - ภาคเศรษฐกิจของประเทศ

sharp: sudden and rapid, especially of a change in something - ฉับพลัน, กะทันหัน

slowdown: when the economy moves more slowly and worker incomes and company profits suffer and increase more slowly -

smoothly: happening or continuing without any problems - โดยไม่มีปัญหา

soft loan: a loan with a very low rate of interest - เงินกู้ดอกเบี้ยต่ำ

solar: involving the sun - เกี่ยวกับดวงอาทิตย์

solar panel: a piece of equipment on a roof that uses light and heat energy from the sun to produce hot water and electricity - แผงเซลล์แสงอาทิตย์

tariff: a list of fixed prices that are charged by a company for services or a hotel or restaurant for rooms, meals, etc - ราคา

traffic: the number of cars, trucks and other vehicles traveling along a road at one time - การจราจร

valid: legally accepted or in force - ถูกต้องตามกฎหมาย, อย่างมีเหตุผล

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