What's new in business news: January 22, 2014 | Bangkok Post: learning

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What's new in business news: January 22, 2014

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Korea plans for 1000 times faster 5G mobile phone technology, TrueVisions' plan for adding digital TV to pay-TV & Thailand's research investment doubled in 2011. 

South Korea, already one of the most wired countries on earth, has announced a 1.6 trillion won ($1.5 billion) plan to set up a next-generation 5G wireless service quick enough to download full-length films in a second (AFP/File, Ed Jones)

MOBILE PHONES 

Korea plans for 1000 times faster 5G mobile phone technology

AFP News agency

South Korea, already one of the most wired countries on earth with broadband speeds that consistently out-pace those in Europe and the United States, Wednesday announced a 1.6 trillion won ($1.5 billion) plan to set up a next-generation 5G wireless service quick enough to download full-length 800-megabyte films in one second and about 1,000 times faster than the 4G services currently available.

The science ministry of the South Korean government aims to implement the technology within six years. In the past, the science ministry helped fuel national growth with 2G services in the 1990s, 3G in the 2000s and 4G around 2010. Europe, China and the US are already making aggressive efforts to develop 5G technology and fierce competition is expected in a few years. A trial 5G service will be rolled out in 2017 and a fully commercial service will be available in Korea in December 2020. Investment and cooperation will come from handset makers such as Samsung and LG as well as Korean mobile operators.

The global mobile device sector already has Samsung, the world's top handset maker, possessing a whopping 30-percent stake. Korea intends to expand and increase its market share in the world's telecom infrastructure equipment market to 20 percent from 4.4 percent by 2020. Chinese equipment makers including Huawei have expanded their presence in the global telecom infrastructure market from 12 percent in 2007 to 26 percent in 2012. 

[Read full story wireless" >here ]

TELEVISION

TrueVisions' plan for adding digital TV to pay-TV

TrueVisions, Thailand's leading pay-TV operator, will add premium content to its free TV channel to attract subscribers to its pay-TV service. Truevisions' pay-TV audience is now only 3-4 million households, whereas Digital TV will make TrueVisions available to a much larger 22 million households.

Analysts have described the market for pay-TV as saturated but Truevisions has adapted in several ways. When TrueVisions lost the English Premier League broadcasting rights for the 2013-2016 seasons, it compensated by adding music and concert content. Recently TrueVisions spent 200 million baht to produce the reality programme Martial Warrior, which will air on its Reality Channel and Channel 7 between late April and September.

Truevisions subscribers increased to 2.4 million from 2.3 million the first nine months of 2013 as the low- and mid-tier packages grew. Truevisions advertising revenue has steadily increased every year, now contributing about 10% of TrueVisions' total revenue.

[Read full story here ]

RESEARCH

Thailand's R&D investment doubled in 2011

Investment by the private sector in research and development (R&D) doubled in 2011 from 2010, signalling Thailand is on track towards achieving its goal of research contributing 1% of GDP by 2016, up from 0.37% now. Increased R&D will help Thailand move out of the so-called "middle-income trap." By 2016, private-sector investment is expected to contribute 70% of R&D expenditure. By 2016, R&D personnel are expected to have increased to 15 researchers per 10,000 people, up from nine per 10,000 or 57,220 researchers in 2008.

Private sector investments in R&D totalled 21 billion baht in 2011, up from 9.73 billion in 2010 and 9.34 billion in 2009. The private sector contributed 52% of the country's R&D expenditure. In 2013, the top R&D spenders were chemicals, food, petroleum, machinery, rubber and plastics, electricity, gas and water services, automotive, minerals, electronics, transport and logistics, and the textiles sectors.

In a related development, the European Union (EU) is set to more than double its science funding for Asean nations, to bridge the gap between universities and industries, as part of its Horizon programme that runs until 2020. The programme has a budget of 80 million euros (3.2 trillion baht). In the previous programme that recently ended, 190 projects received funding of 30 million euros. Thailand alone received the largest portion of funding in Asean for 37 projects worth 6.53 million euros. Priority in the current programme will be given to health research on topics such as stopping the spread of infectious diseases. Agricultural technology is another research area to be funded. 

[Read full story here ]

Learn from listening

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Vocabulary:

achieve: to succeed in doing something very good or difficult - บรรลุผลสำเร็จ

adapt: to change something to suit different conditions or uses - ทำให้เหมาะ, ทำให้เข้ากับ, ปรับ

advertising: telling the public about a product or a service, political candidate, etc. in order to encourage people to buy, use or support it - การโฆษณา

aggressive: determined to win or succeed and using forceful action to achieve victory or success - เริ่มต่อสู้ ซึ่งมีความมั่นใจสูง

aim: to have as your purpose or goal - มีเป้าหมาย มีจุดมุ่งหมาย

analyst: a person whose job involves examining facts or materials in order to give an opinion on them - นักวิเคราะห์

announce: to tell people something officially, especially about a decision, plans, etc - ประกาศ, แจ้ง, แจ้งให้ทราบ

attract: to cause someone to be interested in something - ดึงดูดความสนใจ

audience: the people who watch an event happen - ผู้ชม

automotive: related to cars and the automobile industry that makes cars, trucks, etc -

available: that you can get, use, find or buy - มีอยู่, หาได้

bridge the gap: to reduce or get rid of the differences that exist between two things or groups of people - ลดความขัดแย้ง

broadcasting: the sending out of a programme on television or radio - กระจายเสียง,กระจายข่าว

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

commercial: intended to be sold - ซึ่งมีจุดประสงค์เพื่อหวังกำไร

compensate: to do something to offset or balance some change, to respond to a change by moving in the opposite direction - ทดแทน, ทำให้เท่ากัน, ตอบแทน

competition: a situation in which people or organizations compete, i.e., try to be more successful or better than somebody else who is trying to do the same as you - การแข่งขัน

consistently : continuously; happening again and again in the same way - อย่างต่อเนื่อง

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

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

cooperation: working together to achieve a result that will benefit all sides - ความร่วมมือ, การทำงานร่วมกัน

currently: at this time; now - ในปัจจุบัน

develop: to think of or produce a new idea, product, etc. and make it successful; to build new houses, factories, etc. on an area of land, especially land that was not being used effectively before - พัฒนา

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

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

disease: a health problem and problem with a person's body, often caused by an infection, either from a bacteria or virus - โรค

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

effort: an attempt to do something - ความพยายาม

equipment: the things that are needed for a particular purpose or activity - อุปกรณ์, เครื่องมือ

expenditure: money spent by a government, organization, or person - การใช้จ่าย (เงิน)

fierce: very strong - รุนแรง, ดุเดือด

fuel: to make something increase or become worse - ทำให้รุนแรงขึ้น

funding: money given for a particular purpose - การให้เงินสนับสนุน

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 -

global: throughout the world - ทั่วโลก

goal: aim; purpose - เป้าหมาย จุดมุ่งหมาย

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

handset: the part of a phone held in a hand; a mobile phone -

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

implement: to make something such as an idea, plan, system or law start to work and be used - นำแผนหรือนโยบายมาปฏิบัติ, นำมาใช้

infectious: able to cause an infection - ติดต่อกันได้

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

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

investment: the act of investing money in something - การลงทุน

leading: among the first and most important in a group - ชั้นหนึ่ง, ชั้นแนวหน้า, ชั้นนำ

logistics: the practical arrangements that are necessary in order to organise something successfully, especially something involving a lot of people or equipment - การส่งกำลังบำรุง

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

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

middle income trap: the common situation of a developing country getting stuck at a certain stage of development and wealth that it cannot move on from: "As wages rise, manufacturers often find themselves unable to compete in export markets with lower-cost producers elsewhere. Yet, they still find themselves behind the advanced economies in higher-value products. This is the middle-income trap which saw, for example, South Africa and Brazil languish for decades in what the World Bank call the "middle income" range (about $1,000 to $12,000 gross national income per person measured in 2010 money). Typically, countries trapped at middle-income level have: (1) low investment ratios; (2) slow manufacturing growth; (3) limited industrial diversification; and (4) poor labor market conditions" (Source: Wikipedia) -

mineral: a valuable or useful chemical substance which is formed naturally in the ground - แร่

ministry: a government department that has a particular area of responsibility - กระทรวง

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

nation: a country considered as a group of people with the same language, culture and history, who live in a particular area under one government; all the people in a country - ประเทศ, คนในประเทศ

national: for the whole country - แห่งชาติ, ของชาติ

next-generation: the next big change in technology -

on track: likely to be successful -

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

out-pace: are faster than -

package: many goods or services sold together in one "package" -

personnel: the people who are employed in a company, organization or one of the armed forces - บุคลากร, เจ้าหน้าที่, พนักงาน

petroleum: oil coming from the ground - น้ำมันปิโตรเลียม, น้ำมันดิบ, น้ำมันจากดิน

portion: a part of something - ส่วน

possess: to have or own something - ครอบครอง, ถือครอง

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

presence: the fact of being in a particular place, thing or situation - การเข้าร่วม, การมีอยู่

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

private sector: businesses and industries that are not owned or controlled by the government - ภาคเอกชน

reality: actually happening - ความเป็นจริง

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

researcher: a person who carriers out a careful study of a subject, especially in order to discover new facts or information about it - นักวิจัย

revenue: income from taxes or business activities - รายได้

rights: the legal right to control the production and selling of something such as television broadcasts, a book, play, film, photograph or piece of music - ลิขสิทธิ์

roll out: to introduce a new product or service; launch - เปิดตัว, เริ่มนำ

rubber: a bouncy, elastic material used in car tires and waterproof gloves - กล้ายาง

saturated: completely full, no room left for expansion - a saturated market

season: all the episodes of a TV program during one year - รายการปีนึ่ง, โปรแกรมปีนึ่ง, ละครทีวีปีนึ่ง

sector: a part of a country’s economic or business activity - ภาค (เศรษฐกิจ)

set up: to create something or start it - ตั้งขึ้น

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

signal: to be a sign that something exists or is likely to happen - ส่งสัญญาณ

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

steadily: gradually and in an even and regular way - อย่างต่อเนื่อง, อย่างแน่วแน่

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

telecom: a business in the telecommunications industry - โทรคมนาคม)

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

tiers: rows or layers of something, each at a different height -

transport: moving people or things from one place to another - การขนส่ง

trial: a test, usually over a limited period of time, to discover how effective or suitable something or someone is - การทดลอง, การทดสอบ

university: a school where students study for BA, MA, MS and PhD degrees and where research is done - มหาวิทยาลัย

whopping: very large -

wired: always connected to the internet -

wireless: a system of sending and receiving signals - ไร้สาย

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