What's new in business news: October 28, 2013 | Bangkok Post: learning

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What's new in business news: October 28, 2013

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New worldwide stock exchange forces change at SET, TV ratings changes & high-speed trains may be run by Airport Rail Link company. 

China Railways is hosting an exhibition at the Airport Rail Link’s Makkasan station to promote its railway system. The exhibition runs until Nov 25. THANARAK KHOONTON

STOCK MARKET  

New worldwide stock exchange forces change at SET 

The entry into Thailand of the alternative trading system (ATS) of the company Liquidnet in April has prompted the Stock Exchange of Thailand (SET) to make rapid upgrades to its trading system and improve competitiveness to protect its market share.

Liquidnet was founded in 2001 as a wholesale electronic marketplace where institutional investors could trade huge lots of equities. Liquidnet links with nearly 1,000 asset managers and management firms worldwide whose assets, trading and investment are together worth US$12 trillion. Liquidnet's ATS has advantages over major bourses worldwide as investors are not required to disclose their transactions to regulators, can avoid the cost of multiple currency trading and need not pay local brokerage fees.

Liquidnet currently operates in 42 markets including many Asean countries. About half the stocks on the London Stock Exchange (LSE) have been trading on ATS. To maintain its market share, SET intends to speed trading up and offer a fast multiple currency trading system and is considering easing some regulations

[Read full story bourse" >here ]

BROADCASTING

Changes to TV ratings system

Before digital TV starts next year, the Media Agency Association of Thailand (MAAT) is discussing changes to the TV ratings system that measures TV viewership.  The National Broadcasting and Telecommunications Commission (NBTC), the government agency that regulates broadcasting and telecommunications in Thailand, wants the ad industry to govern itself and is drafting terms of reference for TV ratings firms' licenses. The US-based Nielsen has held a licence since 2001.

When doing TV ratings in Thailand, the sample size represents a very low percentage of the total population 0.02%, three times lower than the global standard of 0.06%. Nielsen Thailand conducts TV ratings with a sample size of just 1,550 households, to be increased to 1,800 next year.  The small number of data buyers is an obstacle to raising the sample size. Nielsen does not have the budget for it. Only a few media agencies and free-TV operators buy ratings information such as Channels 5, 7 and 9, but Channel 3 declines, saying the ratings are inaccurate. Channel 11 and Thai PBS are public-purpose channels and do not buy the ratings data.

If the MAAT opens a new bidding for TV ratings companies under new criteria, three players will join for sure - Nielsen Thailand, Video Research and T-Cube. TNS, a globally recognised TV ratings company, is not interested due to the large investment required for ratings devices. GMM Grammy, TrueVisions and PSI have touted their own ratings systems. Others have suggested Australia's ratings model which uses one ratings firm jointly owned by the country's TV channels, named OzTam.

[Read full story here and another digital TV story here ]

TRANSPORT

Airport Rail Link might run high-speed train system

RT Electrified Train Co, the operator of Bangkok's Airport Rail Link (ARL), is ready to manage Thailand's high-speed trains if the project goes forward. The motors, power supply and track size of the ARL are similar to those of high-speed trains, with only the control system needing to be changed. The company has 600 engineers trained in China who can learn to operate high-speed trains.

Running at a top speed of 160 km/h, Thailand's ARL trains are considered semi-high speed, while high-speed trains can travel faster than 200 km/h. At present, 1.45 million commuters use the ARL each month, up 15% from last year. The system has 55,000 commuters daily.

The China Railway Corporation is studying routes from Bangkok to Chiang Mai and Nong Khai, but the final decision lies with the Thai government. China has expertise in track installation in various climates and geographies. The Chinese high-speed rail network covers 9,700 kilometres on 29 routes and is expected to reach 50,000 km by 2020. A train collision in eastern China in 2011 killed 40 people and raised concerns about the safety standards of Chinese trains.

[Read full story here and here ]

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Vocabulary:

advantage: a benefit; a good feature or quality that something has - เป็นประโยชน์, เป็นคุณ, เป็นผลดี

agency: a government department that provides a particular service - หน่วยงานราชการ

alternative: something that is different from something else, especially from what is usual, and offering the possibility of choice - ทางเลือก

asset: something owned by a person, company etc., particularly money and property - ทรัพย์สิน

association: an official group of people who have joined together for a particular purpose - สมาคม

avoid: to try to prevent something from happening - หลีกเลี่ยง

based: where the main work of an organisation, business, etc. is done or controlled - ซึ่งเป็นศูนย์กลาง

bid: an offer to buy or provide something at a specific price - การประมูล, การให้ราคา, การเสนอราคา

bidding: offering to buy/sell something at a specific price - การยื่นเสนอราคา

bourse: a stock exchange where shares in companies are bought and sold - ตลาดหลักทรัพย์

broadcast: a programme that can be seen or heard on television or radio - แพร่ภาพกระจายเสียง

brokerage fee: an amount of money charged by a broker (someone who organises business deals for other people) for work that he/she does - ค่านายหน้า

budget: an amount of money able to be spent on something - งบประมาณ

channel: TV channel - ช่อง, ช่องโทรทัศน์

climate: the general weather conditions usually found in a particular place - สภาพอากาศ

collision: an accident in which a vehicle or person that is moving crashes into something - การชนประสานงา

commuters: people who regularly travel between work and home - คนเดินทางระหว่างบ้านและที่ทำงาน

competitiveness: trying very hard to be better than others - ความตั้งใจในการแข่งขัน; ความสามารถในการแข่งขัน

concern: a worry - ความกังวล

conduct: to carry out — - ดำเนิน

consider: to regard as; to think of as - ถือว่า

criteria: a standard that is used for judging something or for making a decision about something - บรรทัดฐาน

currency: the system of money that a country uses - เงินตรา

currently: at this time; now - ในปัจจุบัน

data: facts or information, especially when examined and used to find out things or to make decisions - ข้อมูล, ตัวเลข, สถิติ

decline: to say politely that you will not accept something or do something - ปฏิเสธที่จะทำ 

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

disclose: to make known to the public - เปิดเผยต่อสาธารณะ

draft: to write a document, plan, etc. that may be changed before it is finally accepted - ร่าง

due to: because of - เนื่องจาก

equity: stock shares - หุ้นทุน

exhibition: a public show where art or other interesting things are put so that people can go and look at them - นิทรรศการ งานแสดง

expertise: a high level of knowledge or skill - ทักษะความรู้, ความคิดเห็นของผู้เชี่ยวชาญ

firm: a business or company - บริษัท

found: to start an organization, company, political party etc - สร้าง, ก่อตั้ง, สถาปนา

geographies: places or kinds of places with same climate, terrain, etc -

geography: the scientific study of the earth's surface, physical features, divisions, products, population, etc - ภูมิศาสตร์

global: throughout the world - ทั่วโลก

globally: throughout the world - ทั่วโลก

go forward: when you actually a project that you planned to do -

govern: to control the way that things happen - ควบคุม, บังคับ, ครอบงำ

host: to provide the space and other things necessary for a special event - ทำหน้าที่เป็นเจ้าภาพ, เป็นผู้จัดรายการ

household: a group of people, often a family, who live together - ครัวเรือน

huge: very large - ใหญ่โต

improve: to make better - ทำให้ดีขึ้น

inaccurate: not completely correct or exact - ซึ่งคลาดเคลื่อน,ซึ่งไม่ถูกต้อง

installation: the act of fixing equipment or furniture in position so that it can be used - การติดตั้ง

institutional investor: large financial companies such as banks, insurance companies, investment funds, etc that invest large amounts of money as part of their business -

intend: to plan to do; to want to happen - ตั้งใจให้เกิดขึ้น, วางแผนไว้

investment: the act of investing money in something - การลงทุน

jointly: done together - อย่างร่วมกัน, พร้อมกัน, ด้วยกัน

licensed: having an official document that gives someone permission to do or use something - มีใบอนุญาต

link: to connect - เชื่อม

local: in this country (Thailand) -

lot: a group or set of things or people - ชุด,รุ่น

maintain: to keep - รักษา

major: very large or important - สำคัญมาก

management: the act or skill of dealing with people or situations in a successful way - การจัดการ

market share: the percentage of sales that a company has in a market or industry compared to total sales - เปอร์เซ็นต์การขายสินค้า, ส่วนแบ่งตลาด

media: radio, television, newspaper, the Internet, considered as a group - สื่อ

multiple: many - มากมาย

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

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

operate: to carry out an activity like running a business - ดำเนินการ

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

percentage: an amount divided by 100 - อัตราร้อยละ, จำนวนร้อยละ, อัตราต่อหนึ่งร้อย

player: a person, organization or company involved in some activity or industry -

population: a particular group of people or animals living in a particular area - กลุ่มที่อาศัยอยู่ในที่เดียวกัน

present: this time, happening now, happening currently - ปัจจุบันนี้

promote: to encourage or support something - สนับสนุน

prompted: caused - ก่อให้เกิด

protect: to make sure that something is not harmed or damaged - ปกป้อง, ป้องกัน

public: open to people in general - สาธารณะ

purpose: the intention to achieve something - ความตั้งใจ, ความประสงค์, ความปรารถนา, ความตั้งใจ

rapid: happening quickly - อย่างรวดเร็ว

rating: a measurement of how good or popular someone or something is, in this case, a television programme - การประเมิน, เปอร์เซ็นต์ผู้ขมหรือผู้ฟังของรายการหนึ่ง

recognised: well known - เป็นที่รู้จักกันดี

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

regulations: official rules that control the way that things are done - ระเบียบปฏิบัติ

regulator: an official who makes certain that the companies who operate a system work effectively and fairly - ผู้มีอำนาจควบคุม

research: a careful study of a subject, especially in order to discover new facts or information about it - การวิจัย

route: the roads, paths, waterways, etc., used to go from one place to another - เส้นทาง

sample: to test a small amount of something in order to get information about the whole thing - เอาเป็นตัวอย่าง, สุ่มตัวอย่าง

similar: like somebody/something but not exactly the same - คล้ายกัน

standard: a (high) level of quality - มาตรฐาน

standards: a level of quality that is normal or acceptable for a particular person or in a particular situation - มาตรฐาน, บรรทัดฐาน

stock exchange: a place where shares in companies are bought and sold; all of the business activity involved in doing this - ตลาดหลักทรัพย์

Stock Exchange of Thailand: the main institution in Thailand where shares in companies are bought and sold - ตลาดหลักทรัพย์แห่งประเทศไทย

suggest: to mention an idea or a plan for somebody else to think about - เสนอ, เสนอแนะ

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

terms of reference: the instructions that someone must follow when they study, examine or carry out something the instructions that someone must follow when they study, examine or carry out something - ขอบเขตของงาน, รายละเอียด เงื่อนไขหรือข้อกำหนด

tout: to praise someone or something because you want other people to think they are good or important - พูดคุยอวด

track: the two long metal strips that a train travels along - รางรถไฟ

trade: the buying and selling of goods and services - การค้าขาย

transaction: the action or process of buying or selling something - การค้า

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

various: several different - หลากหลาย, ซึ่งแตกต่างกัน

viewership: the number of viewers that a TV program has -

wholesale: relating to the business of selling large quantities of goods, especially to people who are going to sell them in a shop - ขายส่ง

worldwide: throughout the world - ทั่วโลก

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