What's new in business news: October 22, 2013 | Bangkok Post: learning

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What's new in business news: October 22, 2013

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New celebrities app from AIS, stocks fall with surprise amnesty bill & labour-intensive industries cut from investment incentives. 

Jirayu ‘James’ Tangsrisuk, a brand endorser for 3G service, shows his James’ Life app developed by AIS for his fans.

STOCK MARKET 

Thai stocks tumble most worldwide

Bloomberg News agency

Thailand’s stocks fell the most in a month, with the benchmark index posting the biggest drop worldwide, amid speculation that a bill granting amnesty for political offenses will spur protests against the government. The benchmark SET Index (SET) dropped 2.4% to 1,448.54 at the close in Bangkok, its biggest decline since Sept. 23 and the steepest drop among global equity gauges tracked by Bloomberg. 

A parliamentary committee voted last week to add a clause to the ruling Pheu Thai party’s bill that would annul legal cases stemming from the country’s 2006 coup, including the conviction of former prime minister Thaksin Shinawatra. The opposition Democrat Party will oppose the bill in parliament and support public demonstrations to prevent the measure, Abhisit Vejjajiva, former prime minister and the party’s leader, said on the party’s website on Monday.

[Read full story bill" >here ]

INVESTMENT

BOI cuts investment incentives for labour-intensive industries 

The Board of Investment (BoI) has cut the number of SME business categories eligible for investment privileges to 39 from 57, mainly labour-intensive ones in which Thai businesses can no longer compete with neighbouring countries. BoI's new investment policy focuses on high technology and value-added products and services.

The 39 categories of eligible SME businesses will be divided into four groups - value-added farm production; industries that use manufacturing skills such as auto parts, machinery, electronics and electrical appliances, plastic products and printing; creative industry including clothes, textile, jewellery and ornaments, furniture, software and designs; and service and supporting businesses for the tourism industry such as hotels, cultural centres and movie shooting. These businesses will be entitled to exemptions from machinery import tax and corporate income tax for eight years without restrictions on zone or size of investment.

[Read full story here ]

TELECOMMUNICATIONS

AIS introduces celebrities app for new revenue

Mobile leader Advanced Info Service (AIS) is extending its chargeable mobile content service in a drive to boost the strength of its non-voice business and increase revenue.

The company launched yesterday what it calls a celebrities app in which celebrities earn revenue for self-generated content sold to fan clubs via mobile devices. AIS spent 14 million baht on TV star Jirayu "James" Tangsrisuk as a brand endorser for 3G. Now AIS is collaborating with Mr Jirayu on the new James' Life app which offers stickers with his photos and video clips of his activities. The application works on iOS and Android and can be downloaded by dialing *303*3# at a cost of 29 baht per download.

AIS has 13 million mobile internet users, 9 million of them social-media users. As of June, he said the company's non-voice revenue accounted for 30% of total consolidated revenues. Mobile data services made up half of AIS's non-voice revenue, followed by chargeable premium content at 35% and SMS service 15%. Non-voice revenue in Japan and South Korea accounts for over half of mobile operators' revenues. Mobile payment service is a major revenue source for AIS. As of October, Thailand has 17.7 million 3G subscribers. AIS had 12 million users, DTAC's 5 million and True Move 700,000.

[Read full story revenue" >here ]

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Vocabulary:

accounted for: all the things or people who should be there are now there -

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

amnesty: a situation in which a government agrees not to punish, or to no longer punish, people who have committed a particular crime - การนิรโทษกรรม

annul: to officially end - ประกาศว่าเป็นโมฆะ

application (app): a program designed to do a particular job; a piece of software - โปรแกรมใช้งาน, โปรแกรมคอมพิวเตอร์

benchmark: a standard that other things can be compared to, for example, to calculate prices - ตัวเปรียบเทียบ; การวัดเปรียบเทียบสมรรถนะเกณฑ์มาตรฐานหมายถึง การทดสอบเพื่อวัดความสามารถในการประมวลผล หรือการทำงานของ โปรแกรมใดโปรแกรมหนึ่ง หรืออุปกรณ์คอมพิวเตอร์ชนิดใดชนิดหนึ่ง โดยเทียบเคียงกับเกณฑ์มาตรฐาน

bill: a proposal for a law - ร่างกฎหมาย

Board of Investment (BOI): an agency of the Government of Thailand to promote investment in the country - สำนักงานคณะกรรมการส่งเสริมการลงทุน

boost: to increase - เพิ่ม

brand: a type of product made by a particular company - ตรา, ยี่ห้อ

case: a matter that is being officially investigated or heard by a court - คดี

category: a group having similar qualities - ประเภท

category: a group of people or things that have similar qualities - หมวดหมู่ ประเภท

celebrity: someone who is famous, especially in the entertainment business - คนมีชื่อเสียง

chargeable: services or products which cost money; not free or included with subscription -

clause: an item in a legal document that says that a particular thing must or must not be done - มาตรา

collaborate: to work together with someone else - ร่วมมือ

committee: a group of people who are chosen, usually by a larger group, to make decisions or to deal with a particular subject - คณะกรรมการ

compete: to try to be more successful or better than somebody else who is trying to do the same as you - แข่งขัน

consolidate: to bring together to form one unit - รวมเป็นหนึ่ง

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

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

conviction: when someone is officially found to be guilty of a particular crime - การพิสูจน์ว่ากระทำผิด

corporate: involving large companies - บริษัทใหญ่

coup: the seizure of power in a country by a group of people, usually members of the armed forces - รัฐประหาร

creative: involving a lot of imagination and new ideas - ซึ่งมีความคิดริเริ่ม, ซึ่งมีความคิดสร้างสรรค์

cultural: related to the customs and beliefs, art, way of life and social organization of a particular country or group - วัฒนธรรม

cut back: reduce, decrease - ลดลง, ทำให้น้อยลง

demonstration: an occasion when a large group of people protest about something - การชุมนุมประท้วง

device: a machine or piece of equipment that does a particular job - อุปกรณ์ เครื่องมือ เครื่องจักร

drive: a planned effort to achieve something - การผลักดัน,ความพยายาม

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

eligible: allowed by rules or laws to do something or to receive something - มีสิทธิชอบธรรมตามกฎหมาย  เอื้อด้วยกฎหมาย

endorse: to express support for something - แสดงความเห็นชอบ

endorsement: officially supporting and approving - ได้รับความเห็นชอบ

entitled: having the right to have or do something - มีสิทธิโดยชอบ

equity: stock shares - หุ้นทุน

exemption: permission to not have to do something, such as making a payment, following a rule, etc. - ข้อยกเว้น

extend: to include something more - ยืดออกไป ขยายออกไป

fan: a person who likes something very much such as a famous singer or TV show - คนคลั่งในสิ่งหนึ่งสิ่งใด,คนคลั่ง

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

former: of or in an earlier time; before the present time or in the past - อดีต, แต่ก่อน

gauge: a measure of something -

global: throughout the world - ทั่วโลก

grant: to officially give something - ให้

import: to buy or bring in products from another country - นำเข้า

incentive: something that makes you want to do something or work harder, because you know that you will benefit by doing this - สิ่งกระตุ้น

income tax: the percentage of the money that a person or corporation earns that they pay to the government as tax - ภาษีเงินได้, ภาษีรายได้

index: a number that shows the price, value, or level of something compared with something else - ดัชนี

investment: the act of investing money in something - การลงทุน

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

labour-intensive: using a lot of "labour" or workers and less automated machine -

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

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

manufacture: to make and produce a product - ผลิต

measure: an action taken to solve a particular problem - มาตรการ

mobile (technology): of devices, especially telecommunication devices, that can easily be moved around, e.g., mobile phones, tablets, notebook computers - อุปกรณ์ซึ่งเคลื่อนที่ได้ง่าย

neighbouring: located or living near or next to a place or person - ติดกัน, ที่อยู่ใกล้เคียง, ที่ตั้งอยู่ใกล้เคียง

no longer: was true in the past, not true now -

non-voice business: the business of a telephone company not involving phone calls with people only talking over the telephone -

offense: a crime; a violation of the law - การกระทำผิด, การฝ่าฝืนกฎ, การกระทำผิดกฎหมาย

offer: to make something available or to provide the opportunity for something - มีหลักสูตรใน

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

oppose: to disagree with or not approve of a plan or policy - คัดค้าน

opposition: of a political party that is not part of the government or a group which is against the government - ฝ่ายค้าน  ผู้ต่อต้าน

ornament: a small attractive object used for decoration - เครื่องประดับประดา

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

party: an organized group of people who have similar ideas about the way in which a country should be governed, and who work together to try to persuade people to vote for them in elections - พรรค การเมือง

post: to put a notice, etc. in a public place so that people can see it - ปิดประกาศ

premium: of higher quality or more expensive than other similar things - ที่มีคุณภาพสูง, พรีเมี่ยม

privilege: a special benefit that is available only to a particular person or group - เอกสิทธิ์

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

public: open to people in general; intended to be seen or heard by people in general - อย่างเปิดเผยให้รู้

restriction: a rule, action or situation that limits or controls someone or something - การจำกัด, การควบคุม

revenue: income from taxes or business activities - รายได้

ruling: having control over a particular group, country, etc - ซึ่งมีอำนาจ, ซึ่งปกครอง

self-generated: when the person does it themselves, not produced by others for them -

shoot: an occasion when somebody takes professional photographs for a particular purpose or makes a film/movie - การถ่ายภาพ

skill: the ability to do something well, usually as a result of experience and training - ฝีมือ, ทักษะ

software development: the process of writing and testing computer programs and applications (apps) -

speculation: ideas or discussion about why something has happened or what might happen - คาดการณ์ ประเมิณสถานการณ์

spur: to cause something to happen - ก่อให้เกิด 

steeply: if something such as a cost rises steeply, it increases by a large amount; if it falls steeply, it decreases by a large amount - ซึ่งขึ้นสูง; ซึ่งลดลง

stem from: to be caused by - เกิดจาก

sticker: a sticky label (paper, plastic, etc.) with a picture or message on it, that you stick onto something - สติ๊กเกอร์

subscriber: someone who pays money to an organization in order to receive a product, use a service regularly or support the organisation - ผู้ใช้บริการ

taxes: money that you have to pay to the government so that it can pay for public services - ภาษี

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

textile: involved in making woven or knitted cloth - สิ่งทอ, ผ้า

the close: the closing of the stock market at the end of the day (with final stock prices) -

track: to follow the development or progress of something - ติดตาม

tumble: to fall down - ล้ม,ล้มลง,ตกลง,หกคะเมน

value-added: the "value" that is added to a product by a company during one stage in making the product - มูลค่าเพิ่ม

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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