What's new in business news: September 27, 2013 | Bangkok Post: learning

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What's new in business news: September 27, 2013

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Flood safety precautions for central region industrial estates, Asia will lead global air traffic by 2032 & German auto parts firm grows in Thailand. 

Universal Technologies' barrier system is shown at Ayutthaya's Saha Rattana Nakorn Industrial Estate. NANCHANOK WONGSAMUTH

FLOODS 

Flood safety precautions for central region industrial estates

Foreign reinsurance firms want assurances that contingency plans are in place. Safety precautions against flooding have been taken at the central region' s five industrial estates. Many different kinds of dykes and floodwalls have been built.  

Earthen dykes are in place at several industrial estates in Ayutthaya and Pathum Thani. Temporary flood barriers are being set up at Saha Rattana Nakorn industrial estate but the six-kilometre floodwall is only 30% complete. Authorities have also purchased a 20-kilometre, 2.4-metre-high flood barrier three months ago that can be set up in one or two days. The dykes surrounding the five industrial estates are also taller than they were in 2011. Some companies have also built a second factory outside the flood zone, so relocation can be made if needed.

The Tesco Lotus hypermarket chain has closely monitored the situation and has prepared detailed contingency plans such as maintaining stocks of noodles, tinned fish, rubbish bags and other essentials. Only the Ubon Ratchathani store has flooded so far despite high water levels threatening several outlets.

[Read full story here ]

AVIATION

Airbus says Asia will lead global traffic by 2032

Asia-Pacific is surpassing Europe and North America in air passenger traffic, with annual volume expected to soar by about 200% by 2032 from last year's level, according to a new study conducted by European plane maker Airbus. China and India will be the key drivers of growth over the next two decades

The numbers of flyers around the world will increase from today's 2.9 billion to 6.7 billion by 2032, as the attraction of air travel surges. There will be more new flyers from emerging markets, with two-thirds of the population in emerging countries taking a trip in a year by 2032. A growing middle class, more wealth, expanding tourism, internationalisation and the proliferation of low-cost carriers are also stimulating demand for air travel. Asia-Pacific's middle class looks set to quadruple over the next 20 years. Domestic traffic is also set to rise strongly, with India growing at the fastest rate (nearly 10%), followed by China and Brazil (7%).

The robust traffic trends mean that Asia-Pacific will account for 36% of all new global passenger aircraft demand over the 20-year period,  followed by Europe (20%) and North America (19%). Traffic growth has led to the average aircraft size growing by 25%, with airlines selecting larger aircraft.

[Read full story here ]

AUTO PARTS

German axle maker grows in Thailand

The German auto parts company GF Lemforder's axle production line at its Beijing factory.

ZF Lemforder (Thailand), a unit of the German auto-parts maker ZF Friedrichshafen AG, is ramping up its expansion to tap more Japanese car makers in the Thai market seeking partnerships with Honda, Toyota and Nissan.

Founded in 2002, ZF Lemforder makes axle systems for well-known car makers worldwide. The German parent delivers front and rear suspensions and corner modules from plants in the US, Thailand, Australia, China, Britain, Austria and South Africa.

In Thailand the company makes axle systems, part of the chassis in passenger cars, for General Motors, Ford, Mercedes-Benz and BMW. ZF Lemforder has just expanded its annual production to 240,000 sets from 200,000 at its plant in the Hemaraj Eastern Seaboard Industrial Estate. The German parent firm forecasts greater 2014 Thai sales of 70 million euros.

[See full story here ]

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Vocabulary:

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

aircraft: an airplane or helicopter or other vehicle that travels through the air from place to place - เครื่องบิน

annual: happening every year - ทุกๆปีด, ประจำปี

assurance: a promise; a guarantee - การรับประกัน, การรับรอง

attraction: something that creates interest and brings people to see it - การดึงดูดความสนใจ

authority: a person or government agency who has the power to make decisions or enforce the law - เจ้าหน้าที่ผู้มีอำนาจ

aviation: the flying of aircraft - การบิน

axle: the long iron rod connecting the wheels of a car - เพลา,เพลารถ,

barrier: a wall, pile of sandbags, etc., that prevents water from entering - สิ่งกีดขวาง

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

complete: to finish something; to bring some project to an end after having done everything successfully - ทำเสร็จ, ทำให้สมบูรณ์

conduct: to do something in an organised way; to carry out — - ลงมือทำ, ดำเนิน, ปฏิบัติ

contingency: an event that may or may not happen - เหตุการณ์ที่อาจเกิดขึ้นได้

decades: periods of ten years - เป็นสิบๆปี

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

detailed: giving many details and a lot of information; paying great attention to details - ซึ่งมีรายละเอียดมาก

domestic: inside the country being talked about - ภายในประเทศ

driver: something that causes other things to happen (example: a driver of economic growth) -

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

earthen: made of earth - ซึ่งประกอบด้วยดิน

emerging market: countries that have fast economic growth and growing rich quickly but are still developing - กลุ่มตลาดเกิดใหม่

essential: necessary - ที่จำเป็น

expand: to make or become larger - ขยาย เพิ่ม

expansion: when something increases in size, number or importance - การขยายออก

firm: a business or company - บริษัท

forecast: a statement about what will happen in the future based on information available now - การพยากรณ์, การคาดการณ์

global: throughout the world - ทั่วโลก

growth: economic growth, an increase in economic activity - การเติบโต

hypermarket: a very large supermarket, usually built outside a town, that sells a wide range of goods - ห้างสรรพสินค้า

in place: prepared and ready to use - เข้าที่, อยู่ในที่

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

insurance: an arrangement in which you regularly pay an insurance company an amount of money so that they will give you money if something you own is damaged, lost, or stolen, or if you die or are ill or injured - การประกัน

international: connected with or involving two or more countries - นานาชาติ, สากล, ระหว่างประเทศ

key: very important - ที่สำคัญ

lead: the position ahead of everyone else in a race or competition - ตำแหน่งนำ

looks: the way somebody/something looks; the appearance of somebody/something - รูปร่างหน้าตา

maintain: to keep - รักษา

middle class: people who earn enough money to pay their family's expenses and save some too; people who are not rich and not poor but in the middle, in between; bourgeoisie, white-collar class - ชนชั้นกลาง

module: a unit of a machine or vehicle that can function separately and independently - ยาน

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

outlet: a shop or place where a particular product is sold - ร้านขายสินค้าจากโรงงาน

parents: a person's father and mother - พ่อแม่

partnership: when a company owns and runs a business and shares profits, etc or with another company - หุ้นส่วน, ความร่วมมือ, ห้างหุ้นส่วน, ห้างหุ้นส่วนจำกัด

passenger: someone who travels in a motor vehicle, aircraft, train, or ship but is not the driver or one of the people who works on it - ผู้โดยสาร

precaution: an action taken to protect people or things against possible harm or trouble - การป้องกันไว้ก่อน

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

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

proliferation: when there are many of something -

purchase: to buy something - ซื้อ

quadruple: increase in size so that it is 4X larger -

ramp up: to make something increase in amount or strength; to make larger; to scale up; to escalate - ยกระดับ; เสริม

region: a large area of land, usually without exact limits or borders - ภูมิภาค, ขอบเขต, แถบ, บริเวณ

relocation: the process of moving someone or something to a new place - การย้ายที่ใหม่

robust: strong and full of determination - แข็งแรง

rubbish: waste material or things that are no longer wanted or needed - ขยะ

select: to choose - คัดเลือก

set: a group or collection of things - ชุด, กลุ่ม

set to: ready to do something - พร้อม

set up: to create something or start it - ตั้งขึ้น

situation: all the circumstances and things that are happening at a particular time and in a particular place - สถานการณ์

soar: to rise very quickly to a high level - มีความหวังสูง,พุ่งพรวดขึ้น

stimulate: to make something develop or become more active; to encourage something - กระตุ้น, ส่งเสริม

stock: an amount of something that you keep so that you can use it when you need it - ที่เก็บไว้ในสต๊อก

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

surpass: to do or be better than somebody/something - เหนือกว่า, เก่งกว่า, ดีกว่า, เกินกว่า

surround: to be everywhere around someone/something; encircle - ล้อมรอบ

suspension: equipment that makes a car move smoothly when it goes over bumps in the road - ระบบรองรับ ; ตัวหน่วงการสั่นสะเทือน

tap: to get or make use of something - ใช้เป็นประโยชน์

temporary: for a limited time; not permanent - ชั่วคราว

threatening: dangerous; likely to cause harm or violence - อันตราย, เป็นภัย

tinned: put in a can or "tin" -

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

trend: a gradual change or development that produces a particular result   - ทิศทาง แนวโน้ม

unit: a part of a company or organisation that carries out a particular function; a group of people who work or live together, especially for a particular purpose - หน่วย,กอง,กลุ่ม

volume: an amount of something - ปริมาณ

wealth: a large amount of money, property, etc. that a person or country owns - ความมั่งคั่ง

worldwide: throughout the world - ทั่วโลก

zone: an area that has an important or typical feature; an area where a particular activity is allowed or not allowed - พื้นที่, บริเวณ, เขต

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