What's new in business news: September 26, 2013 | Bangkok Post: learning

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What's new in business news: September 26, 2013

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Industrial estate flooded in Prachinburi, half barely pay minimum on credit cards & 63.7% of farmers say govt rice programme makes life better for them. 

The Khun Dan Prakan Chon dam in Nakhon Nayok province is releasing more water to ease a recent increase in the dam level caused by persistent rainfall. THANARAK KHOONTON


Prachin Buri industrial estate falls victim to floods

Prachin Buri's 304 Industrial Park became the country's first major manufacturing site to be hit by floods this year after a nearby river burst its banks Wednesday. Officials were rushing to construct an emergency dyke made of large sandbags around the industrial estate to prevent floodwater inundating all of its 500 factories.

The water level in the Prachin Buri River rose to 9.80m, 80cm higher than the critical level. When the river burst its banks, it  immediately flooded areas in and around the industrial park including a factory making car airbags. The water level in the factory was about 40cm deep. As the water flowed into the  factory workers desperately tried to move manufacturing equipment to higher ground while pumps were used to drain water from the plant.

[Read full story here ]


Farmers urge rice-pledging scheme continue

Farmers insist that the government should continue its rice-pledging programme with 63.7% of 1,228 farmers surveyed saying the government's rice-pledging scheme has raised the quality of life for their families. 

Farmers say higher income helps ease their household debt while raising their spending capability and savings.  Most of the farmers also admitted their production costs have risen accordingly, particularly for the rental fees of farmland. 35.2% of farmers believe the government should continue the programme for at least the next 3-4 years, while 22.8% want the government to scrap the programme only after rice prices surge.

As many as 70.6% of respondents said despite farmers directly benefiting from the scheme, Thai rice at higher prices makes it less competitive. Farmers also threaten to launch immediate protests if the loss-ridden programme is scrapped.

[Read full story here ]


Half barely pay minimum for credit cards

As many as half the credit card holders polled by Abac are paying only the minimum amount due, sounding alarms over the financial indiscipline of Thai consumers and deteriorating debt repayment ability.

Abac found that a quarter of the respondents hold credit cards, while 69.4% of them have at least two cards and 88.2% use both credit and cash cards. Respondents aged 25-33 are the biggest card user group, but those aged 40-60 use both credit and cash cards more than do other age groups. Electrical appliances account for the highest share of consumer hire purchase loans, followed by mobile phones, computers and luxury items such as jewellery and watches, the poll found.

[Read full story debts" >here ]

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

admit: to agree that something is true, especially when you are unhappy, sorry or surprised about it - ยอมรับ

alarm: fear and anxiety that somebody feels when something dangerous or unpleasant might happen or has happened - ความกังวล

bank: a raised area of land along the side of a river - ริมฝั่งแม่น้ำ

barely: only just; almost not - เกือบจะไม่

believe: being fond and think of something to be right and will follow it - เชื่อใจ,ศรัทธา

benefit: to get help or an advantage from something - ผลประโยชน์

burst: to break open suddenly because there is too much pressure inside or against - โพล่ง, แตก, ระเบิด

capability: the ability to do something - ความสามารถ

competitive: when a product is more attractive to customers than other products because of low price, desirable features or higher quality -

construct: to build or make something, especially buildings, bridges, etc. - สร้าง

consumer: someone who buys and uses goods and services - ผู้บริโภค

continued: happening or existing for a period of time without interruption - ซึ่งติดต่อกัน, ซึ่งต่อเนื่องกัน

critical: (of a bad situation) very serious or dangerous - อย่างรุนแรง  อย่างวิกฤต

dam: a wall built across a river to stop the water from flowing, especially in order to create a lake or to help to produce electric power - เขื่อน

debt: an amount of money that you owe - หนี้, นี้สิน

desperately: in a very worried or angry way - อย่างสิ้นหวัง

deteriorate: to become worse - เลวร้ายลง

drain: to cause water or fluid to flow out - ระบายออก

due: (of money) must be paid; owed to somebody as a debt, because it is their right or because they have done something to deserve it - เงินที่ต้องชำระ

dyke: a wall built to prevent the sea, river of flood water from covering an area - คันกั้นน้ำ, เขื่อนกั้นน้ำ

ease: to make a problem, situation or pain less severe or serious - บรรเทา

electrical appliances: instruments or tools that run on electricity - เครื่องใช้ไฟฟ้า

emergency: an unexpected situation involving danger in which immediate action is necessary - เหตุฉุกเฉิน

equipment: the things that are needed for a particular purpose or activity - อุปกรณ์, เครื่องมือ

fee: an amount of money that you pay to be allowed to do something - ค่าธรรมเนียม, ค่าตอบแทน, ค่าบริการ

financial: involving money - เกี่ยวกับเงิน, ทางการเงิน

flow: (of a liquid) to move continuously in one direction - ไหล

ground: the surface of the earth - ผิวดิน, ผิวโลก, พื้นดิน, พื้น

hire purchase: a way of paying for goods gradually over a long period. You have the goods immediately, but legally you do not own them until you have finished paying - ให้เช่าซื้อ

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

immediate: happening or done now, without any delay - ทันทีทันใด

immediately: happening right after something else with no delay; right away - ทันที

income: money that someone gets from working or from investing money - รายได้

industrial estate: an area of land where industrial companies have their buildings - นิคมอุตสาหกรรม

industrial park: an area of land where industrial companies have their buildings - นิคมอุตสาหกรรม

insist: to say very firmly that something must happen or must be done - ยืนกราน

inundate: to flood; to submerge - ท่วม, ทำให้จมลงใต้น้ำ

item: a single article or object - รายการ, รายการสิ่งของ

jewellery: objects such as rings and necklaces that people wear as decoration - เพชรพลอย,อัญมณี

launch: to start something - เริ่มต้น, เปิดโครงการ, เริ่มทำ

loan: an amount of money that a person, business, or country borrows, especially from a bank - เงินกู้

luxury: the best and most expensive of something - ที่หรูหรา 

major: very large or important - สำคัญมาก

manufacture: to make and produce a product - ผลิต

minimum: the lowest possible; the lowest allowed - ต่ำที่สุด, น้อยที่สุด

particularly: especially, or more than usual - โดยเฉพาะ

persistent: continuing - อย่างต่อเนื่อง, เรื่อยไป, ติดต่อกัน, ตลอดเวลา

poll: an occasion when a lot of people are asked about what they feel about something - การสำรวจความคิดเห็น

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

protest: a meeting or rally, sometimes forceful or violent, of people who strongly disagree with something - ชุมนุมประท้วง

province: on of many divisions of the government of a country into smaller parts - จังหวัด

pump: a piece of equipment for making a liquid or gas move into or out of something - เครื่องสูบ(น้ำ etc.)

recent: happening or starting a short time ago - เร็วๆ นี้

release: to let something move freely; to allow a substance to flow out from somewhere - ปล่อย

rental: the act of renting something or an arrangement to rent something - การเช่า

respondent: someone who answers questions — - ผู้ตอบคำถาม/แบบสำรวจ

rice-pledging scheme: a government programme in which farmers sell rice to the government at a particular price, with the right to reclaim the rice if the market price goes higher - โครงการจำนำข้าว

ridden: to have a lot of something bad -

rush: moving or doing something very quickly - การรีบเร่ง

scheme: a plan that is developed by a government or large organisation in order to provide a particular service for people - แผนการ โครงการ

scrap: to get rid of; to stop using or accepting - เลิก, ทิ้ง

share: one part of something that is divided between two or more people - ส่วน

site: a place where something is located - สถานที่

surge: to increase very quickly - เพิ่มขึ้นอย่างรวดเร็ว

survey: to ask a large number of people questions to find out their opinions - สำรวจ

threaten: to say you might or will do something bad or harmful, especially in order to make someone do something - ขู่

urge: to advise someone very strongly about what action or attitude they should take - ผลักดัน, กระตุ้น

victim: someone who has been affected by a bad situation, such as a disaster, illness or an accident - เหยื่อผู้เคราะห์ร้าย

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