What's new in business news: December 3, 2013 | Bangkok Post: learning

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What's new in business news: December 3, 2013

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Protests hit peak tourist season, B1bn cost of CAT power cut & risk of sovereign credit rating downgrade from protests. 

Mahouts and their elephants wait in vain for tourists in Ayutthaya. SUNTHORN PONGPAO

TOURISM 

Protests hit peak tourism season numbers

3/12/2013

Hotel bookings are slowing down due to violence and tension between anti-government protesters and riot police in Bangkok. The four major markets of Asean, South Asia, Oceania, and Africa are showing negative signs for bookings this month and next month.

Thirty-one countries including Japan, China, India, Britain and the US have issued travel advisories at Level 2 for their citizens to avoid visiting areas near protests in the capital. Only Slovakia, Israel and Russia have raised their advisories to Level 3. However, some Russian tourists, who form a major market, are changing their plans and visiting Pattaya, Hua Hin and Koh Samet instead of Bangkok.

Asean tourists have changed their destinations to other countries in the region, with 30% changing their destinations to Thailand's other provinces. Hotel and tour bookings from Australian tourists are expected to grow by only 3.6% during the two months, down from a projection of more than 10%. 

The meetings, incentives, conventions and exhibitions (Mice) segment has been significantly affected, with cancellations of about 30%. More than 10 events have been cancelled due to the political unrest. Room bookings for one major hotel in Bangkok stand at 60-70% for December and January.

[Read full story here ]

INTERNET 

B1bn cost of CAT power cut by protesters

A power cut by anti-government protesters at CAT Telecom in Bang Rak district shut down the data centre that is CAT's prime hub for both domestic and international traffic, resulting in a 10-hour downtime. At least 10% of all websites are estimated to have been affected by CAT's service disruption

The service disruption is said to have cost internet-related firms opportunities worth at least 1 billion baht. The cost estimate is based on the number of customers using CAT's internet infrastructure, which makes up 20% of the country's total in a market worth 30 billion baht. Had the incident occurred on a weekday, the damage could have reached 6 billion baht. CAT reported a loss of 300 million baht from the power cut

CAT acknowledges it has a weak security system and that upgrades are needed. The sabotage might have been an inside job, as the state telecom enterprise' s data centre is a restricted area that requires a physical security clearance.

The incident is a wake-up call for companies to adopt continuity and data management plans to minimise the impact of business disruptions and also offers a lesson for firms preparing for dynamic load balancing in a distributed computer system. Having at least two locations for computer server systems and using more than one internet service provider (ISP) are effective preventive measures. Virtualisation and cloud-based computer services are affordable alternatives that  allow flexible migration between data centres, if the need arises. 

[Read full story here ]

SOVEREIGN CREDIT RATING 

Moody's warns of mounting credit risks

The ongoing protests will likely undermine investor confidence and an already fragile growth outlook for next year, both of which are credit negative factors for Thailand, according to Moody's Investors Service. Thailand is currently rated Baa1 with a stable outlook by the credit rating agency.

Although the protests have mostly been peaceful, four people were killed and dozens wounded during clashes on Saturday night. Prolonged or escalating protests may adversely affect foreign investment and tourism, and exacerbate delayed public infrastructure investment, which will weigh on Thailand's future growth in 2014 and beyond. While Thailand's credit fundamentals are still good, weaker growth will negatively affect the fiscal balance and push debt ratios.

Since US tapering fears emerged in May this year, emerging market countries with relatively weak policy frameworks or external current account and domestic budget deficits have had more volatile capital flows. Thailand has become more vulnerable to diminished investor confidence because it has these twin deficits and its foreign exchange reserves have declined since May. 

Thailand's growth momentum is also slowing. Third-quarter real GDP growth declined to 2.7% year on year from 5.4% in the first quarter. This contrasts with South Korea, Malaysia and Singapore, which all reported stronger third-quarter annual growth rates.

[Read full story here ]

Learn from listening

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Vocabulary:

acknowledge: to accept or admit that something exists, is true or is real - ยอมรับ

adopt: to accept or to start using something new - นำมาใช้

adversely: in a bad or negative way - อย่างเป็นผลร้าย อย่างเป็นผลลบ (ใช้กับบัญชี)ที่ติดลบ

advisory: an official warning that something bad is going to happen and, often, how to deal with it - คำเตือน; การแนะนำ

affordable: not expensive - ไม่แพง

agency: a company that arranges for some service or workers to be provided to other companies and people - บริษัทตัวแทน, สำนักงานตัวแทน, หน่วยงานบริการ

allow: to let somebody/something do something; to let something happen or be done - อนุญาต, ยอมรับ

alternative: another choice - ทางเลือก, ตัวเลือก

annual: happening every year - ทุกๆปีด, ประจำปี

at least: the smallest amount possible, could be more than this - อย่างน้อย

avoid: to stay away from a place; to try to prevent something from happening - หลีกเลี่ยง

balance: a stable condition/relationship between two sides - ความสมดุล, การทรงตัว

banned: officially not allowed to do something - ถูกห้าม

based on: information or facts used to make calculation, judgement or decision - ตั้งอยู่บน,ยึดเป็นหลัก

booking: buying a ticket in advance; to arrange to have or use something on a particular date in the future - การจองล่วงหน้า,การจอง

cancel: deciding to stop something that has been arranged from taking place - ยกเลิก

cancellation: a decision to stop something that has been arranged from taking place - การยกเลิก

capital: the most important town or city of a country, usually where the central government operates from - เมืองหลวง

capital flows: investment money coming into the country -

clash: a brief fight between two or more people - การปะทะกันสองฝ่าย

clearance: official permission that allows someone to do something, to go to a particular country, or to be told particular information -

cloud: a way of using computers in which data and software are stored mainly on a central computer, to which users have access over the Internet - คลาวด์

confidence: being certain of your abilities or of having trust in people, plans, or the future - ความมั่นใจ

continuity: the fact of not stopping or not changing - ความต่อเนื่องกัน

contrast: a noticeable difference - ความแตกต่าง

credit: money loaned to people - เงินกู้

credit fundamentals: the factors that show whether some company or state can pay back loans and is a good credit risk -

credit negative: meaning: the credit rating would suffer and in the future loans would be more costly and difficult to get -

credit rating: a judgement made by a bank, etc. about how likely somebody is to pay back money that they borrow, and how safe it is to lend money to them - การจัดอันดับความน่าเชื่อถือ

currently: at this time; now - ในปัจจุบัน

damage: to harm or spoil something/somebody - ทำความเสียหาย

data centre: a central place where the computers for a company or organization are kept and computer work is done at - ศูนย์ข้อมูล

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

deficit: the amount by which something is too small or smaller or less than something else - จำนวนที่น้อยกว่า, จำนวนที่ขาด

delayed: happening at a later time than expected - เกิดขึ้นช้ากว่าปกติ

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

diminish: to gradually become less - ลดลง, อ่อนแรง

disruption: a situation in which something cannot continue because of a problem - การขัดขวาง, การหยุดชะงัก

distributed computer system: a system of several computers sharing data over a network -

domestic: inside the country being talked about - ภายในประเทศ

downtime: a period of time when machines or computers are not working and work cannot be done with them - ช่วงเวลาเครื่องไม่ทำงาน

dozen: a group of twelve of the same thing - หนึ่งโหล

due to: because of - เนื่องจาก

dynamic: always changing and making progress - เปลี่ยนแปลงเสมอ

effective: producing the result that was intended - ได้ผลดี

emerge: to appear or to become recognised - โผล่ออกมา

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

enterprise: an organization, especially a business - กิจการ, บริษัท,อุตสาหกิจ,วิสาหกิจ

escalate: to become much more serious or much worse - ทำให้เพิ่มขึ้น, ทำให้มากขึ้น

estimate: an amount that you guess or calculate using the information available - ประมาณการ

estimated: thought to be a particular amount, size, etc. based on a guess or the best information available - ประมาณการ

exacerbate: to make something worse - ทำให้แย่ลง

factor: a fact or situation which influences the result of something - ปัจจัย

firm: a business or company - บริษัท

fiscal: connected with a budget; connected with the government budget, i.e., public money - เกี่ยวกับงบประมาณ

flexible: able to change to suit new conditions or situations - เปลี่ยนแปลงได้,แก้ได้

foreign exchange reserves: supplies of foreign money and assets such as gold that can easily be exchanged for money, which a government keeps to buy its own currency when it needs to protect the value of its own currency compared to other currencies - ทุนแลกเปลี่ยนเงินตราต่างประเทศ

fragile: weak; easy to damage or break - ที่เปราะบาง ไม่แข็งแรงคงทน, ไม่ทนทาน, เสียหายง่าย

GDP: gross domestic product, the total value of all goods and services produced in a country in a year, except for income received from money invested in other countries ผลิตภัณฑ์มวลรวมภายในประเทศ -

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

hub: the central and most important part of a particular place or activity - จุดศูนย์กลาง, จุดรวม

impact: an effect or influence - ผลกระทบ

in vain: without success - ไม่สำเร็จ

incident: something that happens, usually something bad - เหตุการณ์

income: money that someone gets from working or from investing money - รายได้

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

inside job: a crime, especially stealing, committed by someone in the place where they work or have worked previously - อาชญากรรมที่กระทำโดยคนคุ้นเคยกัน

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

internet service provider (ISP): a company that provides internet service to people and companies - ผู้ให้บริการอินเทอร์เน็ต (ไอเอสพี)

investment: the act of investing money in something - การลงทุน

investor: a person or organization that invests money, i.e., uses money with the aim of making a profit from it, for example by buying property or buying shares in a company - นักลงทุน

issue: officially announced - ออกประกาศ

lesson: something you learn in school from your teacher or that you teach yourself - บทเรียน

level: the amount of something that exists in a particular situation at a particular time - ระดับ

location: where someone or something is - ที่ตั้ง,ทำเล

mahout: someone who trains and drives elephants - ควาญช้าง, คนเลี้ยงช้าง

major: very large or important - สำคัญมาก

migration: moving from one place to another - การอพยพ

minimise: to reduce something harmful or unpleasant to the smallest amount or degree - ลดจำนวนลง

momentum: progress or development that is becoming faster or stronger - แรงผลักดัน

mounting: increasing - เพิ่มขึ้น

negative: bad - ที่เป็นด้านลบ

occur: to happen - เกิดขึ้น

Oceania: the region of the world that includes Australia, New Zealand and islands in the Pacific Ocean -

ongoing: continuing - อย่างต่อเนื่อง

opportunity: a chance to do something, or a situation in which it is easy for you to do something - โอกาส

outlook: an idea about what a situation will be like in the future - อนาคตที่คาดหวังไว้, ทัศนคติ

particularly: especially, or more than usual - โดยเฉพาะ

peaceful: calm and quiet and not involving any violence - สงบ, ซึ่งมีระเบียบ, เงียบสงบ

peak: the time when something is at its highest or greatest level - ช่วงเวลาที่พบมากที่สุด

physical: connected with a person's body - เกี่ยวกับร่างกาย

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

power cut: when the electricity to an area is cut, black out, brown out - ไฟดับ

preventive measure: an action which is intended to try to stop something that causes problems or difficulties from happening - มาตรการป้องกัน

prime: main or most important - ที่สำคัญที่สุด

prolonged: continuing for a long time - ยืดเวลาออกไป

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

protester: someone who shows that they disagree with something by standing somewhere, shouting, carrying signs, etc - ผู้ต่อต้าน, ผู้ประท้วง

public: belonging to the government -

quarter: three months of the year on the official calendar of the government or companies -

raise: to increase the amount or level of something - ทำให้สูงขึ้น, ส่งเสริม, ยกระดับ

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

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

real: when a number or statistic is adjusted for inflation by reducing it, so it can be compared across years; the opposite of "nominal" -

report: to tell someone officially that something exists or happened - รายงาน

restricted: intended only for people who have been given special permission - ที่จำกัด

result in: cause to happen -

riot police: police who are trained to deal with violent groups of people - ตำรวจปราบจราจล

risk: the possibility that something dangerous or unpleasant might happen - ความเสี่ยง

sabotage: deliberate damage that is done to an enemy or opponent - การโจมตี บ่อนทำลาย

season: a period of time during the year - ช่วงเวลา, ระยะเวลา, ฤดูกาล

security: protection; safety from attack, harm, or damage - ความมั่นคง, ระบบรักษาความปลอดภั, ความปลอดภัย

security: protection; systems providing for safety from attack, harm, or damage - ระบบรักษาความปลอดภัย

security clearance: special permission to enter a restricted area with special protection -

server: computer hardware and software that performs some service for all the computers on a network - เครื่องบริการ, ตัวบริการ๒. โปรแกรมบริการ [คอมพิวเตอร์]

shut down: close , stop operations of a factory or business - ปิดแน่น, ปิดโรงงาน, หยุดผลิตชั่วคราว

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

significantly: in an important way - อย่างมีความหมาย, อย่างสำคัญ

sovereign: connected with the government of a country -

stable: not changing frequently and not likely to suddenly become worse - คงที่, มั่นคง

state: government - รัฐบาล

telecom: a business in the telecommunications industry - โทรคมนาคม)

tension: the feeling caused by a lack of trust between people, groups or countries - ความตึงเครียด

traffic: the number of cars, trucks and other vehicles traveling along a road at one time; also used for data traveling along a network - การจราจร

twin: forming a pair (two) of two similar things - เป็นคู่กัน

undermine: to make someone become gradually less effective, confident, or successful - บ่อนทำลาย

unrest: angry or violent behaviour by people who are protesting or fighting against something - สถานการณ์ที่ไม่สงบ

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

violence: physical force with the deliberate intention of causing damage to property or injury or death to people - ความรุนแรง, การใช้กำลังทำลาย

visitor: a person who goes to a place for a short time; a tourist or guest - นักท่องเที่ยว, ผู้มาเยี่ยม, ผู้มาเยือน

volatile: of something that may change suddenly or become more dangerous - ที่ปะทุได้ง่าย

vulnerable: easily damaged or harmed - ซึ่งถูกทำลายได้ง่าย

wake-up call: when something happens that shows you that you should be thinking about something or worried about some problem -

weigh: to have an important effect of influence - มีผลต่อ

worth: having a value in money, etc - มีค่า, มีมูลค่า

wounded: injured, especially where your skin or flesh is damaged, usually seriously - บาดเจ็บ

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