What's new in business news: December 6, 2013 | Bangkok Post: learning

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What's new in business news: December 6, 2013

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Hackers steal 2 million passwords from Facebook & other sites, Thai importers use Asean free trade agreement tax breaks & emerging market investment may not rise again until 2015. 

A student from an engineering school attends the Steria Hacking Challenge in Meudon on March 16, 2013, the Steria Hacking Challenge.

COMPUTER SECURITY 

Hackers steal 2 million passwords from Facebook & other sites

6/12/2013 

AFP News agency

The discovery of some two million stolen online passwords from over 100 countries this week prompted fresh warnings from security experts to strengthen your passwords to protect them from hackers. The stolen passwords were found on a server in the Netherlands, affecting accounts from Facebook, Google, Yahoo and other major firms. Many of the compromised accounts had weak passwords -- sometimes with fewer than four characters. Only five percent were rated "excellent" passwords with eight or more characters. And many were easy to guess such as "1234" or "123456." 

Innocent users’ computers have become infected with malware (a "botnet" called Pony) which allowed hackers to remotely access devices. The malware grabbed login details as they were entered by users. This data was then transmitted to the cybercriminals -- either so they could access the accounts themselves or (more likely) sell the details to other online criminals

Passwords are typically stolen from people who check their emails or Facebook accounts on an infected public computer such as an internet cafe. The problem could become even worse for people who have the habit of re-using the same password. A seemingly innocent Twitter password theft might eventually lead to the loss of real money if the same password is used in financial transactions such as online banking to fund transfers using Gmail attachments.

[Read full story password" >here

INTERNATIONAL TRADE

Thai importers using Asean free trade agreement tax breaks

There is rising use of tax privileges from free trade agreements with Asean countries and these make up at least 80% of import value at the moment, an increase from 20% in the past. Companies in the automobile industry have enjoyed the most tax privileges.

The use of tax privileges has decreased tax revenue for customs, with collection the first two months of the fiscal year 14% lower than targeted. The government's fiscal year runs from Oct 1 to Sept 30. The department's stringent rules for some items, including a recent ban on imports of completely knocked down cars, is also a likely contributor to the lower tax revenue collection during the past two months.

[Read full story here ]

FOREIGN INVESTMENT

Emerging market investment may not rise again until 2015  

Foreigners are increasingly cautious about investing in developing countries amid continued global economic and political turbulence, according to a World Bank survey. The World Investment and Political Risk 2013 report found macroeconomic instability and political risk ranking neck-and-neck as top concerns for investors as they plan over the short and medium term. The top three factors in investment decisions are economic stability, access to qualified staff and political risk with breach of contract and regulatory risks once again topping political risk concerns.

The World Bank projects an overall foreign direct investment (FDI) decline in 2014 and a rebound of 12% in 2015, as developing countries continue to offer favourable medium-term growth. Nearly half of the respondents to the survey expect to increase their investment in developing countries over the next 12 months, with the figure rising to 70% when the horizon is extended to three years.

East Asia and the Pacific remains the biggest-gaining region in the developing world with an estimated US$320 billion. Rallying GDP in high-income economies like Japan, a traditional investor in East Asia and the Pacific, is expected to contribute to an estimated inflow of $345 billion to the region in 2015.  China was again the top FDI destination among developing countries, though they experienced a 9% decline from the previous year. Thailand ranks eighth among developing countries in multinational firm investment.

[Read full story here ]

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Vocabulary:

access: having the opportunity to have or use something - มีโอกาสในการใช้

account: being recorded officially as a customer of a business - บัญชี

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

at the moment: at this time; now - ขณะนี้, ตอนนี้, เวลานี้

ban: an official statement ordering people not to do, sell or use something - การห้าม

breach: a failure to follow a law or rule - การละเมิดกฎหมาย

cautious: careful to avoid danger - ระมัดระวังไม่ให้เกิดขึ้น

character: a letter, number, or symbol that is written, printed, or used in computer programs - ตัวอักษร

collection: a group of objects, often of the same sort, that have been collected (gathered together over period of time) - สิ่งของที่รวบรวมไว้, การสะสม การเก็บรวบรวม

compromised: when something is weakened and you cannot trust in it for protection anymore -

concern: a worry - ความกังวล

continued: happening or existing for a period of time without interruption - ซึ่งติดต่อกัน, ซึ่งต่อเนื่องกัน

contract: an official written agreement - สัญญา

contribute to: to help to cause an event or situation - ช่วยก่อให้เกิด

contributor: something that helps cause something, that "contributes" towards something happening - ซึ่งช่วยเหลือ, ซึ่งสนับสนุน

criminal: someone who has committed a crime, i.e., someone who has carried out an illegal activity or action - ผู้ที่ทำผิดกฎหมาย

customs: the place at a port, airport or border where travellers' bags are looked at to find out if any goods are being carried illegally - ด่านศุลกากร

cyber-: connected with electronic communication networks, especially the Internet - ไซเบอร์, คำนำหน้าหมายถึงคอมพิวเตอร์

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

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

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

developing country: a country that is still growing and industrializing and is not yet a rich country - ประเทศกำลังพัฒนา

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

discovery: an act or the process of finding somebody/something, or learning about something that was not known about before - การค้นพบ

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

enjoy: to get something that is good or special -

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

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

excellent: extremely good - ยอดเยี่ยม, ดีเยี่ยม

experience: to have something happen to you or to live through some event - ประสบ

expert: someone who has a particular skill or who knows a lot about a particular subject - ผู้เชี่ยวชาญ

extend: to add more time - ยืดออกไป

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

favourable: good for something and making it likely to be successful or have an advantage - ซึ่งอำนวยประโยชน์

figure: a number representing a particular amount, especially one given in official information - ตัวเลข, จำนวนเลข

financial: involving money - เกี่ยวกับเงิน, ทางการเงิน

firm: a business or company - บริษัท

fiscal year: the government budget year which begins in October in Thailand, - ปีงบประมาณ

foreign direct investment: FDI, money that people or companies of one country invest in another country by buying property, building factories, buying businesses, etc -

Free Trade Agreement (FTA): an agreement between countries to create "free trade" for some or all goods - เขตการค้าเสรี

fresh: new; made or experienced recently - ใหม่, เมื่อเร็วๆนี้, สดๆ ร้อนๆ

fund: money provided for something - เงินทุน กองทุน

fund: to provide money for something - ให้เงินทุน

global: throughout the world - ทั่วโลก

grab: to take or hold somebody/something with your hand suddenly, firmly or roughly - จับ,ฉวย,คว้า,แย่ง

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

guess: to try and give an answer or make a judgement about something without being sure of all the facts - เดา

habit: a thing that you do often and almost without thinking, especially something that is hard to stop doing - กิจวัตร, สิ่งที่เป็นนิสัย, สิ่งที่ทำเป็นประจำ

hacker: a person who secretly finds a way of looking at and/or changing information on somebody else's computer system without permission - ผู้ที่มีความชำนาญในการใช้คอมพิวเตอร์ไปในทางที่ผิดกฎหมาย เช่น แอบขโมยข้อมูลจากคอมพิวเตอร์ในเครือข่าย

horizons: the limit of your knowledge, desires or interests - ขอบเขตความรู้, ประสบการณ์

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

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

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

infected: having a disease transmitted from someone else - ซึ่งติดเชื้อ

innocent: a person who has not done anything wrong - ผู้บริสุทธิ์

instability: a situation that keeps changing, so that you are worried about what might happen - ความไม่มั่นคง

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

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

item: a single article or object - รายการ, รายการสิ่งของ

major: very large or important - สำคัญมาก

make up: to be part of something, to consist of - Chinese make up 50% of the city's residents

malware: software such as a virus that is designed to damage, destroy or steal information on a computer - รูปแบบหนึ่งของโปรแกรมคอมพิวเตอร์ ที่ถูกออกแบบมาด้วยจุดประสงค์แอบแฝงบางอย่าง

multinational: a company that operates in many different countries - บรรษัทข้ามชาติ, บริษัทระหว่างประเทศ

neck and neck: (of a competition) very close - การแข่งขันแบบเชือดเฉือนกัน  การแข่งขันที่เข้มข้น

online: controlled by or connected to a computer or to the Internet - ออนไลน์, การเชื่อมต่อผ่านระบบเครือข่ายทางคอมพิวเตอร์

overall: total; including all the things or people that are involved in a particular situation; general - ทั้งหมด, โดยทั่วไป

password: the secret word that you use to get entry into your computer account - รหัสผ่าน

previous: happening or existing before the event or object that you are talking about - แต่ก่อน, เมื่อก่อน

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

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

prompt: to cause someone to take action - กระตุ้น

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

public: open to people in general - สาธารณะ

qualified: able to do something, because you have the knowledge, skill, or experience that is needed - มีคุณวุฒิเหมาะสม, มีคุณสมบัติ

rally: to improve after a time of performing poorly - ฟื้นตัว

rank: to put someone or something into a position according to their success, importance, size etc - จัดลำดับ

ranking: the position of somebody/something on a scale that shows how good or important they are in relation to other similar people or things, especially in sport - อันดับ

rate: to make a measurement/estimate of how good, popular, appropriate, etc. someone or something is - ประเมิน

rebound: to rise again after falling, recover - กระโดดขึ้นอีกครั้งหนึ่ง,สะท้อนกลับ,เด้งกลับ

recent: happening or starting a short time ago - เร็วๆ นี้

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

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

regulatory: related to "regulations" , official rules on how to do different activities, usually made by the government -

remotely operated: controlled from a distance -

respondent: someone who answers questions — - ผู้ตอบคำถาม/แบบสำรวจ

revenue: income from taxes or business activities - รายได้

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

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

seemingly: according to what you know or how something appears, - ตามที่ปรากฏ

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

stability: a situation in which things happen as they should and there are no harmful changes; when something is not likely to move or change - ความมั่นคง, เสถียรภาพ

staff: workers employed by a person or organisation considered as a group - คณะผู้ทำงาน, คนงาน

stringent: (of a rule, law, etc.) very strict and that must be obeyed - เข้มงวด

survey: to ask a large number of people questions to find out their opinions - สำรวจ

target: something you want to achieve; a particular number or amount that you want to achieve - เป้าหมาย

tax break: a reduction in taxes - การลดหย่อนภาษี

tax collection: the process of the government getting money from people and businesses required to pay tax and the amount of tax the government gets from this activity -

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

term: a period of time for which something lasts; a fixed or limited time - ระยะเวลาที่กำหนด

theft: (the act of) dishonestly taking something which belongs to someone else and keeping it - การลักขโมย

traditional: of a custom, a way of life or a way of doing things that has not changed for a long time - เป็นประเพณี, ตามธรรมเนียม, ตามที่ปฏิบัติกันมา

transaction: a business dealing - การติดต่อทางธุรกิจ

transfer: to officially arrange for someone else to be the owner of something - โอน

transmitted: sent - ส่ง

turbulence: a state of confusion, disagreement or lack of order - ความวุ่นวาย

typically: usually; normally - อย่างเป็นแบบฉบับ

value: how much something is worth in money or other goods for which it can be exchanged - มูลค่า

warning: an action or statement telling someone of a possible problem or danger - การเตือน

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