What's new in business news: October 9, 2013 | Bangkok Post: learning

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What's new in business news: October 9, 2013

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Flooding hits biggest industrial estate in Thailand, condos stall on failed Environmental Impact Reports & mobile phones equalize rural & urban young people. 

Young upcountry Thais are quickly adopting the smartphone habits. THANARAK KHOONTON

FLOODS 

Flood hits Amata Nakorn Industrial Estate

Fears of a repeat of 2011 spark preparations

More than 700 factories in the Amata Nakorn Industrial Estate in Chon Buri have been cautioned to monitor the floods closely, as they may face a repeat of the 2011 flood problems. Amata Nakorn, the biggest industrial estate in Thailand, serves nearly 700 factories with a total area of 20,000 rai. It has a combined manufacturing investment of 1.2 trillion baht with around 400,000 employees.

The estate has seen minor flooding in phases 7-9 where 200 factories are located. The industrial estate' s 40 units of pumps are prepared and all six canals around the areas have been evacuated to be ready for immediate drainage.

Most of the manufacturers in the industrial estate are Japanese auto-parts makers producing for companies such as Toyota, but there are no car makers in the estate. The auto-parts makers have raised their production output to ensure they have enough inventory in case logistics routes are disrupted by floods. 

This is the first time floods have hit Amata Nakorn. Floodwater is moving in a different direction from that in 2011, when water flowed towards Bangkok from the North. This time it is heading towards the eastern provinces, so there's a chance industrial parks that were not hit last time could face flooding this time around.

[Read full story here ]

REAL ESTATE DEVELOPMENT 

Condo projects stall on failed Environmental Impact Reports (EIAs) 

Cancelled bookings, design revisions

A growing number of condo projects already launched and for sale have failed to win environmental impact assessment (EIA) approval, forcing developers to return booking money and revise project designs. The problem, which causes projects to be delayed or even scrapped entirely, was common a few years ago and has recently re-emerged in the booming condo sector.

In one case, a company that had its EIA rejected relaunched a condo project from two years ago after revising the project design. The project failed to provide the required amount of green area outside of the building, only providing green area within the building. Before revising its EIA the company returned all booking money with interest to customers after achieving sales of up to 30% of the project. Land for the project on Surasak Road that cost 500,000 baht per sq wah two years ago is now nearly 1 million baht but the company still claims it lost money on its investment

Another condo project failed to obtain a construction permit because the project was near the new parliament, an area where high-rise buildings are banned. Other companies are waiting for EIA approval before launching their projects.

[Read full story here ]

TECHNOLOGY

Rural young getting connected, poll says

Access to information among young people in rural areas is almost on par with that of their urban counterparts thanks to the proliferation of budget smartphones. A study showed the rural young generation can easily read information and watch video content by using a basic internet-enabled mobile that features a camera and Facebook in the price range of 3,000 to 5,000 baht. The study was aimed at discovering the differences between young people in rural and urban areas. Thailand's mobile phone market grew significantly in the first four months of this year. Growth was fuelled mainly by a 334% surge in the Northeast.

Laptop computers are also regarded as a must-have educational tool that rural parents should provide. 67.9% of Thais access the internet via laptops, almost double the number last year. Young people access the internet via public WiFi, mostly in temples, schools and government offices. Facebook is their favourite communication platform to express their self-esteem, followed by YouTube, Socialcam and Instagram.

[Read full story here ]

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Vocabulary:

access: having the opportunity to have or use something - มีโอกาสในการใช้

achieve: to succeed in doing something very good or difficult - บรรลุผลสำเร็จ

adopting: accepting or starting to use something new - นำมาใช้

aim: to have as your purpose or goal - มีเป้าหมาย มีจุดมุ่งหมาย

approval: official permission - การอนุมัต

banned: officially not allowed to do something - ถูกห้าม

basic: of the simplest kind or at the simplest level - พื้นฐาน, อันดับแรก, สำคัญ

book: to buy a ticket in advance; to arrange to have or use something on a particular date in the future - จอง

booming: suddenly increasing in trade and economic activity - เฟื่องฟู

budget: not expensive, usually because of providing only a limited service or product - ถูก,ประหยัด,ไม่แพง

canal: a waterway, a long hole in the ground made to send water from one place to another - คลอง

cancellation: a decision to stop something that has been arranged from taking place - การยกเลิก

caution: to warn; to tell someone about a danger or problem that they need to know about or avoid - เตือน

combined: mixed or put together - รวมกัน

common: ordinary; not unusual or special - ธรรมดา

communications: the process of sending information through television, radio, and telephone signals - การสื่อสาร

connected: linked - เชื่อมต่อ เชื่อมโยง

construction: the work of building or making something, especially buildings, bridges, etc. - การก่อสร้าง

content: the subject, ideas, or story that a piece of writing or a radio or television programme deals with - เนื้อหา,สาระ

counterpart: someone/something who has the same job or purpose as another person or thing, but in a different country, time, situation, or organisation - ผู้ที่ทำงานประเภทเดียวกัน; ผู้ที่อยู่ในตำแหน่งเสมอกัน

delay: causing to happen at a later time; happening at a later time than expected - การเลื่อน, ช้ากว่าปกติ

developer: real estate developer, a person or company that builds new "real estate developments" including buildings, houses, shopping centers, etc -

development: the process of using an area of land, especially to make a profit by building on it, etc - การพัฒนา

direction: the way something is moving or coming from - ทิศทาง

discover: to find somebody/something, or learning about something that was not known about before - ค้นพบ

disrupted: interrupted and prevented from continuing smoothly by creating problems - ขัดขวาง 

double: to become twice as big, twice as much or twice as many - เพิ่มเป็นสองเท่า

drainage: the process of taking away of water or other liquids from an area - การระบายน้ำ

emerge: to appear - ปรากฏออกมา

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

enable: to make someone able to do something, or to make something possible - ทำให้เป็นไปได้

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

environmental impact assessment: an evaluation/research project into the possible positive or negative effects that a proposed project may have on the environment - การประเมินผลกระทบสิ่งแวดล้อม

evacuate: to cause to leave a place because it is not safe - เคลื่อนย้ายออกจาก

express: to tell someone about a feeling, opinion, or aim by speaking or writing about it - แสดงออก (ทางความคิดหรือความรู้สึก) โดยใช้คำพูดหรือการเขียน, พูดออกมา

favourite: something you like the best of all similar things - ที่ชอบมากที่สุด, ที่โปรดปราน, ของโปรด

feature: to include someone or something as an important part - ทำให้เด่น

fuel: to make something increase or become worse - ทำให้รุนแรงขึ้น

generation: a group of people in society who are born and live around the same time - รุ่น (คนรุ่นต่างๆ)

green area: an area with trees, plant, grass, etc -

habit: a thing that you do often and almost without thinking, especially something that is hard to stop doing - กิจวัตร, สิ่งที่เป็นนิสัย, สิ่งที่ทำเป็นประจำ

heading for: moving towards; moving the direction of - มุ่งหน้าไปยัง

high-rise: a building is very tall with many floors or levels - อาคาร ซึ่งมีหลายชั้น

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

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

interest: the money that a bank or other financial company charges you when you borrow money, or the money it pays you when you keep money in an account - ดอกเบี้ย

inventory: the products kept in a shop, warehouse, etc., in this case, unsold cars - สินค้าที่จัดเก็บในสต๊อก

investment: the act of investing money in something - การลงทุน

launch: an event held to announce or start selling a new product or service to the public - การเริ่มปฏิบัติการ, การออกตัวของสินค้า, การเริ่มวางขาย

launch: an event held to start selling a new product or service to the public - การเริ่มวางขาย

located: where something is - ตั้งอยู่

logistics: the practical arrangements that are necessary in order to organise something successfully, especially something involving a lot of people or equipment - การส่งกำลังบำรุง

manufacture: to make and produce a product - ผลิต

manufacturer: a person or company that manufactures a product - ผู้ผลิต

minor: not important; small; having little influence or effect - เล็กน้อย

monitor: to regularly check something or watch someone in order to find out what is happening - จับตา เฝ้าระวัง ตรวจตรา

on par with: equal to -

output: the amount of something produced - ปริมาณ(กระแสไฟฟ้า)ที่ผลิตขึ้น

parliament: the group of people who are elected to make and change the laws of a country; the building where members of parliament meet. - รัฐสภา

permit: an official document that gives you permission to do something - ใบอนุญาต

platform: the type of computer system or the software that is used -

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

preparation: things that you do to get ready for something or make something ready - การตระเตรียม

prepare: put in order, get ready - เตรียม, เตรียมตัว, เตรียมพร้อม, จัดเตรียม, ตระเตรียม

produce: things that have been made or grown, especially things connected with farming - ผลผลิต, ผลิตผล

project: a planned piece of work that is designed to find information about something, to produce something new, or to improve something - โครงการ

proliferation: when there are many of something -

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

public: open to people in general - สาธารณะ

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

range: to have an upper and a lower limit in amount, number, etc - ผันแปรภายในขอบเขตหนึ่ง

re-: to do again - อีก

recently: not long ago - เมื่อไม่นานมานี้, เมื่อเร็วๆ นี้

regarded as: considered to be - ถือว่า

reject: to not accept something - ปฏิเสธ ไม่ยอมรับ

repeat: something that happens again, i.e., which is very similar to a previous happen - การกระทำซ้ำ

revise: to change, improve, or make additions to something - แก้ไข

route: the roads used to go from one place to another - เส้นทาง

rural: connected with the countryside outside big towns and cities  - ในชนบท, บ้านนอก

scrapped: decided not to continue with something, such as a plan or event - ยุติแผนที่วางไว้

sector: a part of a country’s economic or business activity - ภาค (เศรษฐกิจ)

self-esteem: belief and confidence in your own ability and value - การเคารพตนเอง

significantly: in an important way - อย่างมีความหมาย, อย่างสำคัญ

spark: to make something happen - ก่อให้เกิด

stall: to delay - ทำให้ล่าช้า

study: A setting of the mind or thoughts upon a subject; hence, application of mind to books, arts, or science, or to any subject, for the purpose of acquiring knowledge. - งานวิจัย

surge: a sudden increase in something - การเพิ่มขึ้นอย่างรวดเร็ว

thanks to: because of - ด้วยเหตุ, เพราะ

upcountry: areas outside of the Bangkok area; connected with an area of a country that is not near large towns - ต่างจังหวัด, ที่อยู่ในชนบท, ที่อยู่ห่างไกลจากเมือง

urban: of or in a city or town - ในเมือง

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