What's new in business news: October 2, 2013 | Bangkok Post: learning

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What's new in business news: October 2, 2013

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China regulates package tours, Asian Development Bank loans for Dawei industrial development & coal will be more important than natural gas in ASEAN's future. 

Mae Moh coal plant in Lampang, Thailand. (c)2002Greenpeace/Davison

TOURISM

China regulates "zero-dollar" package tours

China has a new policy of regulating outbound zero-dollar tours which started Tuesday.

Zero-dollar tours are cheap tour packages in which a tourist pays only a small amount of money to tour agents. But when they arrive at their destination the tourists are pressured into buying overpriced products and accommodation or optional programmes they had not planned on joining.

The short-term effect of the new regulation will likely be a decrease in Chinese tourist arrivals. The new measure is not expected to affect independent travellers who represent 30% of arrivals and during China's Golden Week from Oct 1-7, Chinese tourists will still be visiting Thailand as usual due to advance bookings.

Under new Chinese regulations, Thai tour operators and their Chinese counterparts must stipulate the exact number of Chinese tourists travelling to the country. All tour programme details and all expenses for Chinese tourists must be explicitly stated, and the tour packages can be paid for only in China. Tour operators who violate the regulation are subject to a 300,000-yuan fine, or face licence revocation. The new regulation will likely increase the price of package tours by 40-100%. For example, tour packages to southern Thailand have already doubled to 6,000 yuan (30,600 baht),  while programmes to northern Thailand have risen by 75% to 7,000 yuan. 

With new regulations and prices, some expect Chinese tourist arrivals in Thailand to drop by 50%, others expect a 30% drop. In the first eight months there were 3.2 million arrivals so this year's projection of 4 million arrivals is likely to be met but the Tourism Authority of Thailand (TAT) now expects 3.8 million arrivals this year, lower than its projection of 4.2 million.

[Read full story here ]

INDUSTRIAL DEVELOPMENT 

Asian Development Bank loans for Dawei industrial development

The stagnant Dawei deep-sea port and industrial park project took a small step forward after Myanmar agreed to secure loans from the Asian Development Bank (ADB) to invest in significant infrastructure development.

Thailand, Myanmar and Japan held a meeting in Yangon last Friday to discuss ways to get the Dawei deep sea port and industrial project off the ground. There are high hopes that Japan will eventually hold a stake in the company that will manage Dawei's port and special economic zone. South Korea and China have also shown an interest in investing in the project.

In June, Thailand and Myanmar agreed to set up Dawei SEZ Development Co (DSEZ), registered in Thailand, with an equal shareholding and an initial investment of 12 million baht, far below the 100 million baht projected earlier. Special-purpose companies (SPCs) registered in Myanmar will also be set up to manage the port, road and rail links, power plants, water facilities, industrial estates, a telecommunications network and the township.  

[Read full story loans" >here ]

ENERGY 

Coal to soon surpass natural gas use in ASEAN

Bloomberg News agency

Coal will replace natural gas as the dominant fuel for producing electricity in Southeast Asia as the region will almost double its energy consumption in the next two decades, according to the International Energy Agency (IEA) in its Southeast Asia Energy Outlook publication.  Coal is the fuel of choice because it is relatively cheap and abundant in the ASEAN region. Coal is the fuel source for about 75% of power-generating capacity being built by members of  ASEAN. 

In the future, the price of power from coal will be about 30% cheaper than gas. ASEAN will get 49% of their power from coal by 2035, it is projected, up from 31% in 2011. The share from gas will drop to 28% from 44%.

Energy demand in ASEAN is growing at more than twice the global average and will rise to more than 10% of the world’s growth in energy use. The region will become the world’s fourth-largest oil importer after China, India and the European Union. ASEAN’s growing demand for oil will offset declining imports by the United States, which is producing more of its own crude thanks to the boom in output from shale. 

Indonesia, the world’s top exporter of thermal coal will almost double output by 2035 and emissions linked to climate change will increase at the same rate in Southeast Asia. Coal emits about twice as much carbon as gas.

Government oil subsidies remain an obstacle to reducing oil demand in Southeast Asia despite some progress. Subsidies stood at $51 billion last year, deterring investment in energy infrastructure and hampering improvements in energy efficiency and development of renewable energy.

[Read full story here ]

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Vocabulary:

abundant: more than enough - มากมาย

accommodation: a place for someone to stay, live, or work - ที่พัก

advance: before the time that is expected; before something happens - ล่วงหน้า

arrival: when someone reaches where they are going (arrives) - ขาเข้า การเข้ามา

average: an amount calculated by adding several amounts together, finding a total, and dividing the total by the number of amounts - เฉลี่ย, ค่าเฉลี่ย

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

boom: a sudden increase in trade and economic activity; a period of wealth and success - ความเจริญรุ่งเรืองทางเศรษฐกิจ

capacity: the amount of something that can be produced or done - ความสามารถในการ (ระบาย, ผลิต etc.)

carbon footprint: the total amount of environmentally damaging greenhouse gases created by a person, company or organization in their daily activities, the goal is to make as low as possible -

cheap: costing little money or less money than you expected - ถูก

choice: of very good quality - หัวกะทิ, ชั้นหนึ่ง, ดีที่สุด

consumption: the act of using energy, food or materials; the amount used - การบริโภคพลังงาน, การใช้หมดไป

counterpart: someone who has the same job or purpose as another person, but in a different country, time, situation or organisation - ฝ่ายตรงข้าม หรือคนที่อยู่ในตำแหน่งเดียวกันของอีกประเทศ หรือ กลุ่มหนึ่ง

crude: oil that is still in its natural state and has not yet been refined for use by chemical processes - น้ำมันดิบ

decade: a period of ten years - ทศวรรษ, ระยะเวลา 10 ปี

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

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

detail: the small facts or features of something - รายละเอียด, ส่วนเล็กๆ น้อยๆ, ส่วนย่อย

deterrence: a thing that makes somebody less likely to do something (= that deters them) - การยับยั้ง,การกีดขวาง

deterrent: something that makes people decide not to do something by making them realize that something unpleasant could happen to them - ซึ่งขัดขวาง, ซึ่งยับยั้ง

development: the gradual growth of something so that it becomes more advanced, stronger, etc - การพัฒนา

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

dominant: more powerful or important than all others - เหนือกว่า

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

due to: because of - เนื่องจาก

effect: a change that somebody/something causes in somebody/something else; a result - ผลกระทบ

efficiency: the ability to work well and produce good results by using the available time, money, supplies etc in the most effective way - ความมีประสิทธิภาพ

emissions: gases going into the air - การปล่อยก๊าซเสียสู่ท้องฟ้า

emit: to send something out into the air - ปล่อยออกมา, แพร่กระจาย

equal: having the same number, score, etc. - เท่ากัน, เสมอ

eventually: at the end of a period of time or at the end of a process - ในที่สุด

expenses: money spent in doing a particular job, or for a particular purpose - ค่าใช้จ่าย

explicitly: clearly, done or written in a way that is clear and easy to understand - อย่างชัดเจน, อย่างแน่ชัด

facility: a building, equipment, etc., used for a particular purpose - โรงงาน, สถานบริการ, สิ่งก่อสร้าง, สิ่งอำนวยความสะดวก

fine: an amount of money that you have to pay because you have broken the law - ค่าปรับ

forward: in the direction in front of you - โดยไปข้างหน้า

fuel: any material that produces heat or power, usually when it is burnt - เชื้อเพลิง

generation: production - การก่อให้เกิด

get off the ground: to start; to get something such as a project started -

global: throughout the world - ทั่วโลก

hamper: to stop someone or something from making progress or developing; to hinder - ขัดขวาง, เป็นอุปสรรค

importer: a person, company, or country that brings goods into their country in order to sell them - ผู้นำเข้า

independent traveler: a person who travels by themselves with their family, not joining with many other people in a tour -

industrial: relating to industry - เกี่ยวกับอุตสาหกรรม

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

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

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

initial: happening at the beginning of a process - ในเบื้องต้น

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

investment: the act of investing money in something - การลงทุน

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

link: a connection - การเชื่อมต่อ

linked: connected - เชื่อมต่อ เชื่อมโยง

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

measure: a firm action taken to solve a problem or stop a dangerous unpleasant situation - มาตราการ

member: a person, a country or an organization that has joined a particular group, club or team - สมาชิก

network: a large system of connected parts, organisations, people, etc. - เครือข่าย

obstacle: a difficulty or problem that prevents you from achieving something - อุปสรรค ขวากหนาม

offset: to balance the effect of something, with the result that there is no advantage or disadvantage - ชดเชย

operator: a person or company that runs a business - ผู้ดำเนินกิจการทางธุรกิจ, ผู้ประกอบธุรกิจ

optional: available or possible if you want it, but you do not have to have it or do it - ตัวเลือก  ที่เลือกได้

outbound: travelling towards a particular point, particularly away from a city - ขาออก (opposite of inbound ขาเข้า)

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

overpriced: too expensive; costing more than it is worth - แพงเกิน

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

port: an area of water where ships stop, including the buildings around it - ท่าเรือ

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

pressure: to try to make someone do something by forcing, threatening, or persuading them in a determined way - กดดัน

progress: the process of developing or of getting nearer to achieving or completing something - ความคืบหน้า

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

project: to calculate based on information already known - คาดคะเน, ประเมิน

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

projection: a calculation or guess about the future based on information that you have - การคาดคะเน

rail line: a track with rails on which trains run; a system of tracks, together with the trains that run on them - เส้นทางของรถไฟ, ระบบทางรถไฟ, รางรถไฟ

rate: the level or speed at which something happens or changes, or the amount or number of times it happens or changes in a particular period - อัตรา

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

register: to put your name and other information on an official list in order to be allowed to do something, e.g., vote, study, stay in a hotel etc - ลงทะเบียน

regulate: to control an activity officially by using rules - ควบคุม

regulation: an official rule that controls the way that things are done - กฎระเบียบ

relatively: somewhat; in comparison with someone or something similar - ค่อนข้าง

remain: to still be present after the other parts have been removed, used, etc; to continue to exist - ยังเหลืออยู่

renewable energy: forms of energy for generating electricity that will not run out such as solar or wind power - พลังงานหมุนเวียน หรือพลังงานใช้ไม่หมด [ได้แก่ พลังงานแสงอาทิตย์ เราสามารถเปลี่ยนพลังงานแสงอาทิตย์มาเป็นพลังงานไฟฟ้าโดยอาศัยเซลล์แสงอาทิตย์ (Solar cell) พลังงานน้ำ เราสามารถแปรรูปพลังงานศักย์จากน้ำเพื่อนำมาเป็นพลังงานกล เช่น ใช้แรงของน้ำหมุนกังหันผลิตไฟฟ้า พลังงานลม โดยการใช้กังหันลมหมุนเครื่องจักรกลต่างๆ เครื่องสูบน้ำ เครื่องบดธัญพืช เป็นต้น พลังงานจากมวล ชีวภาพ เช่น มูลสัตว์และก๊าซชีวภาพ พลังงานจากการเผาไม้ กระดาษ ฟืน แกลบ กากชานอ้อย และ ที่เรียกว่า พลังงานใช้ไม่หมดก็เพราะสามารถหามาทดแทนได้ เช่น ปลูกป่าเอาไม้มาทำฟืน หรือปล่อยน้ำจากเขื่อนมาปั่นไฟ หรือแสงอาทิตย์ที่ได้รับจากดวงอาทิตย์อย่างไม่มีวันหมดสิ้น ดังนี้เป็นต้น [ปิโตรเลี่ยม]]

replace: to get rid of someone or something and to put a new person or thing in their place - หาคนมาแทน

represent: to be an example or expression of something - แสดงให้เห็น, เป็นเครื่องหมายของ

revocation: officially saying that something is no longer legal - การยกเลิก การเพิกถอน

secure: to get or achieve something - ได้มา

set up: to create something or start it - ตั้งขึ้น

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

shareholding: the amount of a company or business that somebody owns in the form of shares - การถือหุ้น

significant: important - สำคัญ

source: the place or person or something comes from or starts at, or the cause of something - ต้นกำเนิด, แหล่งกำเนิด

stagnant: not developing, growing or changing - นิ่ง, ซึมเซา

stake: a share or a financial involvement in something such as a business - ส่วนได้เสีย

state: to formally write or say something, especially in a careful and clear way - บอกกล่าว, แถลง, กล่าว

step: one of a series of actions that you do in order to achieve a particular aim - ขั้นตอน

stipulate: to state exactly how something must be or must be done - ระบุ, ระบุเงื่อนไข

subject to: to require something to be done; to make somebody/something experience, suffer or be affected by something, usually something unpleasant - ต้องมีการ..., ทำให้ได้รับ

subsidy: an amount of money that a government or organisation pays to help to reduce the cost of a product or service - เงินชดเชยที่รัฐเป็นผู้จ่ายให้

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

telecommunications: the science and technology of sending information by telephone, radio, or television - โทรคมนาคม

thermal: relating to or caused by heat - ที่เกี่ยวกับความร้อน

violate: to do something that is against a law, rule or agreement - ฝ่าฝืน, ละเมิด

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