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

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

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Upgrade of farmer loan cards to credit cards, 75,000 more vocational students for infrastructure projects & rise in non-performing loans (NPLs). 

Vocational students are learning by doring at Samut Prakan Vocational College.

AGRICULTURE

Upgrade of farmer loan cards to credit cards 

The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) will upgrade the features of  about 10% of its loan cards for farmers to credit cards within one year.  

The BAAC has issued 4.13 million loan cards to farmers with a combined credit line of 63.2 billion baht.  The cards, a key Pheu Thai campaign pledge, offer a credit line for up to 70% of the production value grown by the farmer, with farmers able to pay for fertiliser, seeds, agricultural machinery and pesticides at participating suppliers using the cards. Each farmer spends about 25,000 baht on average via the cards.

The cards allow farmers access to capital at a cheaper rate than loan sharks. An interest rate of 7% per year is charged for overdue amounts and offers a five-month interest-free period. The bank requires farmers pay their outstanding debts in full within the time frame of their farming operation, typically one year. A farmer who fails to meet the payment deadline three times is deemed a non-performing debtor. As of Sept 30, the outstanding balance for the farmer cards was 17 billion baht, with non-performing loans at 1.9%.

[Read full story here]

EDUCATION

75,000 more vocational students targeted for infrastructure projects 

The Education Ministry wants to increase the number of vocational students by 75,600 next year to provide skilled vocational school graduates to meet labour market demand and infrastructure investment plans.

Education Minister Chaturon Chaisaeng announced his policies to develop vocational education to be comparable to international standards and to increase the ratio of vocational to mainstream students to 51:49 by 2015. The ratio of vocational to mainstream students now stands at 36:64.

The Office of the Vocational Education Commission (Ovec) hopes to increase the vocational component from 36 to 45 in the next academic year. Ovec must encourage 75,600 more Mathayom 3 (Grade 9) graduates to further their studies in vocational institutions and is holding roadshows and open houses on vocational education to persuade lower secondary students to study at vocational institutions. More dual education ventures between Ovec and the private sector are also planned.

[Read full story here ]

BANKING

Non-performing loans rise at banks

Outstanding non-performing loans (NPLs) for 9 of the 11 SET-listed commercial banks rose by 6% between the end of last year and Sept 30, a sign that borrowers' debt-servicing ability is deteriorating amid the lacklustre economy. Tisco Financial Group experienced the largest increase in NPLs followed by Bank of Ayudhya (BAY) and Kiatnakin Bank (KKP). Among the country's four largest banks, the NPLs of Bangkok Bank (BBL) rose but the ratio is not expected to exceed 2.5% of total loans

Commercial banks with a focus on auto loans have seen their bad credit rise at a rapid pace, as the used-car market has been distorted from the sharp slump in prices prompted by the government's tax rebate scheme for first-time car buyers. The market is now returning to normal after the tax scheme lapsed at the end of last year.

Higher commercial bank NPLs are not a major concern at the moment as the NPL ratio, the ratio of bad loans to total loans, is still low. Only five of the 11 lenders saw their NPL ratio increase from the end of last year.  Lenders also have a high provision coverage ratio - a measure of funds set aside by lenders for potential bad debt losses. Banks set aside funds as a counter-cyclical buffer against future uncertainty, with coverage ratios more than 70% of NPLs.

[Read full story here ]

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Vocabulary:

academic: relating to education - เชิงวิชาการ

academic year: school year - ปีการศึกษา

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

amid: during the time when something else is happening - ท่ามกลาง

announce: to tell people something officially, especially about a decision, plans, etc - ประกาศ, แจ้ง, แจ้งให้ทราบ

at the moment: at this time; now - ขณะนี้, ตอนนี้, เวลานี้

balance: the amount of money available to be used in an account - bank account balance ยอดเงินเหลือของเงินฝากธนาคาร

borrower: a person who takes money from a person or bank and agrees to pay it back to them at a later time - ผู้ขอยืม

buffer: a thing or person that reduces a shock or protects somebody/something against difficulties - ตัวกัน

campaign: a planned series of activities designed to persuade voters to vote for a particular candidate or political party - การรณรงค์หาเสียง

capital: a large amount of money that is invested or is used - ทุน, เงินทุน

charge: a payment or fee for something - ค่า

combined: counted together - รวมกัน

commercial bank: a bank with branches in many different places, that provides a range of services, especially related to bank accounts, loans and saving money, for people and businesses; the kind of bank that most people use - ธนาคารพาณิชย์, สถาบันการเงินที่มุ่งเน้นการรับฝากเงิน

comparable: similar to somebody/something else and able to be compared - ที่สามารถเปรียบเทียบกันได้

component: a part which combines with other parts to form something bigger - ส่วนประกอบ,ส่วนเสริม

concern: a worry - ความกังวล

cooperatives: a farm or business owned and run by the people involved, with the profits shared by them - สมาคมสหกรณ์

coverage: protection or insurance against risks or dangerous things happening; insurance coverage - ความคุ้มครอง , ขอบเขตคุ้มครองในการประกันภัย

credit: money loaned to people - เงินกู้

credit line: money that can be borrowed if needed; already approved - เพดานสินเชื่อ; วงเงินสินเชื่อ

deadline: a time or day by which something must be done - เส้นตาย

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

debtor: a person who owes money - ลูกหนี้

deemed: considered - เห็นว่า ถือว่า

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

deteriorate: to become worse - เลวร้ายลง

develop: to think of or produce a new idea, product, etc. and make it successful; to build new houses, factories, etc. on an area of land, especially land that was not being used effectively before - พัฒนา

distorted: changed something such as information so that it is no longer true or accurate - บิดเบือน

dual: having two parts or aspects - ประกอบด้วยสองส่วน, เป็นคู่

educational institution: a school -

encourage: to cause someone to want to do something - กระตุ้น ให้การสนับสนุน

exceed: to be more than something; to go beyond a limit - เกินกว่าที่กำหนด

experience: to have something happen to you or to live through some event - ประสบ

feature: something important, interesting or typical of a place or thing - จุดเด่น, คุณสมบัติ

fertiliser: a natural or chemical substance which is spread on the land or given to plants, to make plants grow well - ปุ๋ย

focus: to give attention, effort, etc. to one particular subject, situation or person rather than another - เพ่งความสนใจ

free: not having something -

fund: money provided for something - เงินทุน กองทุน

graduate: to get a degree from a university or college; to complete a course in education, especially at high school - ได้รับปริญญา,สำเร็จการศึกษา

infrastructure: a set of systems within a place or organisation that affect how well it operates, e.g., the telephone and transport systems in a country or the system of train tracks that a railway uses - สาธารณูปโภค

institutions: large and important organizations, such as universities or banks - สถาบัน

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

investment: the act of investing money in something - การลงทุน

issued: made available - ออกใหม่

key: very important - ที่สำคัญ

labour: work, especially hard physical work - งานที่ใช้พละกำลัง

lacklustre: not lively, exciting, or impressive - ที่น่าเบื่อ, ไม่แวววาว

lapse: a short or temporary period when you fail or forget to do something in the right way - การผิดพลาด, การพลาดพลั้ง

lender: someone or something that lends (allows to be borrowed) money, especially a large financial organization such as a bank - ผู้ให้ยืม,ผู้ให้กู้

listed firm: a public company, i.e., a company that offers its shares to the public on a stock exchange - บริษัทมหาชน

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

loan shark: a person who charges very high interest rates for money borrowed - ผู้ปล่อยเงินกู้โดยคิดดอกเบี้ยสูงมาก

machinery: a piece of equipment or device that does something and gets its energy from electricity or gas - เครื่องจักร, เครื่องกล

mainstream: ordinary or normal - ทั่วไป

major: very large or important - สำคัญมาก

ministry: a government department that has a particular area of responsibility - กระทรวง

non-performing: involving loans that have not been repaid and which are not expected to be repaid - หนี้เสีย

non-performing loan (NPL): a loan that is not being paid back as arranged and may never be paid back; a non-performing loan (NPL), bad debt - หนี้เสีย, หนี้สูญ, หนี้ที่ลูกหนี้ไม่ยอมชำระตามกำหนด

on average: calculated by adding several amounts together, finding a total, and dividing the total by the number of amounts - โดยเฉลี่ย

operation: a business activity - การดำเนินการทางธุรกิจ

outstanding: existing -

overdue: of something that should have been done earlier, e.g., a payment that should have been paid before now - พ้นกำหนด, ที่เลยกำหนดเวลา

pace: the speed at which something happens or is done - อัตรา

participating: taking part in something - เข้าร่วม

persuade: to make someone agree to do something by giving them reasons why they should - โน้มน้าวใจ เกลี้ยกล่อม

pesticide: a chemical used for killing insects, especially those that damage crops - ยาฆ่าแมลง

pledge: a serious promise - คำมั่้นสัญญา

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

potential: possible in the future - ที่อาจเป็นไปได้

private sector: businesses and industries that are not owned or controlled by the government - ภาคเอกชน

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

prompted: caused - ก่อให้เกิด

provisions: an amount of money kept to deal with problems and expenses in the future; accounting provisions -

rapid: happening quickly - อย่างรวดเร็ว

ratio: the relationship between two numbers or amounts, one number over another number, proportion, fraction - อัตราส่วน, สัดส่วน, อัตราเปรียบเทียบ

rebate: an amount of money that is taken away from the cost of something, before you pay for it - ส่วนลด, เงินภาษีที่ต้องคืนให้

scheme: a plan for achieving something, especially something illegal or dishonest - แผนการ (ที่มีท่าว่าจะผิดกฎหมาย)

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

secondary school: a school for young people, usually between the ages of 11 and 16 or 18 - ชั้นมัธยมศึกษา

service debt: pay interest on money that has been borrowed -

set aside: to keep or save something from a larger amount or supply in order to use it later for a particular purpose - สำรอง

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

sign: a piece of evidence that something is happening or that something exists - ร่องรอย

skilled: having enough ability, experience and knowledge to be able to do something well - มีทักษะ,

slump: to fall suddenly - ตกต่ำมาก

standard: a (high) level of quality - มาตรฐาน

supplier: a person or company that supplies goods - ผู้จัดหาสิ่งของให้, ผู้ผลิตสินค้าและวัตถุดิบ

time frame: a period of time when something happens or must happen - เงื่อนเวลา

typically: usually; normally - อย่างเป็นแบบฉบับ

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

upgrade: to give something a higher level of importance - ยกระดับ

upgrade: to make a project, a piece of machinery, computer system, etc. more powerful and efficient - ยกระดับ

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

venture: a new activity, usually in business, which involves risk or uncertainty - ธุริกิจเสี่ยงแต่สามารถทำกำไรได้

vocational: teaching the skills necessary for particular jobs - การสอนวิชาชีพ

vocational college: a school that focuses on providing the skills necessary for particular jobs - สถานศึกษาวิชาชีพ วิทยาลัยอาชีวศึกษา

vocational school: a school that focuses on providing the skills necessary for particular jobs - สถานศึกษาวิชาชีพ โรงเรียนอาชีวศึกษา

vocational students: students attending a school which provided the skills necessary for particular jobs - นักเรียนอาชีวศึกษา

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