What's new in business news: March 28, 2014 | Bangkok Post: learning

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What's new in business news: March 28, 2014

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Lottery to buy new equipment to ease suspicions, Intel mobile & tablet chips target Thailand & severe drought pushes up prices of rice, vegetables & meat. 

The GLO demonstrates the lottery drawing process to highlight its transparency after rigging allegations.

LOTTERY 

Lottery to buy new equipment to ease suspicions

The Government Lottery Office's (GLO) image has suffered again after the latest lottery results closely matched the licence plate numbers of Yingluck Shinawatra's vehicles for the ninth time since she took office in 2011. In the March 16 drawing, the main winning number, 531404, resembled the caretaker prime minister's licence plate number 5404 for the minivan she recently used in Chiang Mai. The two-digit winning number, 79, matched the last two digits of her Toyota Alphard's licence plate number 7879. The car was recently used on her Northeast trip.

The designer of the machine used for lottery drawings since 2002 insists, however, the existing equipment is 100% functional and impossible to rig. Ten external directors currently monitor the random draws to ensure they are not rigged.  However, the Government Lottery Office (GLO) is ready to change its equipment in an effort to dispel public jitters over the way the lottery drawing is handled, the GLO's boss says. The agency will take about two months to decide which country will supply the lottery equipment and a further nine months for the purchasing process

Read full story suspicions" >here 

TECHNOLOGY 

Intel mobile & tablet chips target Thailand  

Intel, the world's largest computer chip maker, is moving to gain a bigger market share of the mobile processor chip market in Thailand and is interested in joining hands with tablet makers to participate in a new auction for the One Tablet Per Child scheme in 2014. The auction winner will supply 1.6 million tablets worth 4.8 billion baht. Thailand is Intel's second-largest market in Southeast Asia.

Intel aims to gain a double-digit market share in the mobile processor chip business in Thailand this year, particularly for local tablets, rising from a very minimal share last year. This year, local tablet sales are expected to reach 3.3 million excluding the supply to the government’s One Tablet Per Child scheme. The tablet market is still growing by 20%, especially in the price range between 5,000 and 10,000 baht.

Last year, Chinese tablet brands priced below 5,000 baht were popular. After big global brands introduced high-quality models priced more than 5,000 baht, many users switched to those products. Intel Thailand plans attract telecom store chains and big and mid-sized mobile dealers to sell its tablets. Half of tablet sales in Thailand come from this distribution channel, which covers more than 1,000 shops. Intel's first mobile processor for smartphones, SoFia, will be introduced soon and priced below US$100.

Read full story processors" >here 

AGRICULTURE & INFLATION 

Severe drought pushes up price of rice, vegetables & meat 

The prices of vegetables and livestock are expected to rise by 20% because of the widespread seasonal drought that is particularly severe this year. The hot weather has adversely affected the production of vegetables and fruit, but once the dry season ends, the situation will most likely return to normal.  Off-season rice planted in the dry season will be the crop most affected by these drought conditions. Authorities are also monitoring the prices of produce, particularly limes and green vegetables such as Chinese kale, Chinese mustard greens, lettuce, parsley, celery and long green beans, which are being sold at double their normal price. The price of these vegetables will peak during the hot season in April and May. Shrinking agricultural production will likely affect farmers' revenues and also those of entrepreneurs investing in sugar, rubber, cassava, and livestock. If the drought becomes more severe, other measures are urged such as reducing the import tax for corn.  

The dry season has also pushed up the prices of livestock such as poultry, eggs, fish, and especially pork, which is also affected by two diseases: porcine epidemic diarrhoea and porcine reproductive and respiratory syndrome (PRRS). The government this week decided to freeze the ex-farm price of a live hog at 76-78 baht until the end of April in a bid to curb rising pork prices. The retail pork price of 150-155 baht per kilogramme will be maintained until the end of April. Swine epidemics and rising production costs have prompted pork prices to soar, while supplies have shrunk by 4,200 hogs a day from a usual supply of 42,000 hogs a day. Authorities are also mulling enacting price controls on finished food that uses livestock as a key ingredient.

Read full story pork" >here 

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Vocabulary:

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

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

agricultural: of the science or practice of farming - ที่เกี่ยวกับเกษตรกรรม

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

allegations: accusations - ข้อกล่าวหา

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

auction: a usually public sale of goods or property, where people make higher and higher bids (= offers of money) for each thing, until the thing is sold to the person who will pay most - การขายโดยการประมูล, การขายทอดตลาด

authority: a person or government agency who has the power to make decisions or enforce the law - เจ้าหน้าที่ผู้มีอำนาจ

bean: a kind of plant eaten as food - ถั่ว

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

caretaker: in charge for a short time, until a new leader or government is chosen - รักษาการ

cassava: a tropical plant with roots that can be cooked and eaten or made into flour - มันสำปะหลัง

chain: a group of businesses (restaurants, hotels, etc.) owned by the same company - บริษัทต่างๆที่อยู่ในเครือเดียวกัน

channel: a method for doing something - วิธีการ

conditions: the weather at a particular time - สภาพอากาศ

currently: at this time; now - ในปัจจุบัน

dealer: a person or company that buys and sells a particular product - ผู้จำหน่าย

demonstrate: to show something and explain how it works - สาธิต

designer: a person who comes up with ideas and plans for things such as new products, fashion, inside of houses, gardens, etc - นักออกแบบ, ดีไซน์เนอร์

diarrhoeal: related to an illness in which you pass solid waste from your body too often and in a liquid form - อาการท้องร่วง

digit: any one of the ten numbers 0 to 9 - ตัวเลข (0 ถึง 9)

director: one of a group of senior managers who run a company - กรรมการบริษัท

dispel: to remove fears, doubts and false ideas, usually by proving them wrong or unnecessary - ทำให้หมดไป

distribution: the process of giving something out to many different places - การแจกจ่าย

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

double-digit: 10% or more, by an amount that two or more digits -

draw: a way of choosing something such as a name or number by chance - การจับฉลาก

drought: a long period of time when there is little or no rain - ฝนแล้ง, ภัยแล้ง, ความแห้งแล้ง)

effort: an attempt to do something - ความพยายาม

enact: to pass into law - ออกกฎหมาย

ensure: to make certain that something happens or is done - ให้การยืนยัน, รับรอง, ให้ความมั่นใจ

entrepreneur: someone who starts their own business, especially when this involves risks - นักลงทุนทางการเงิน

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

especially: more with one person, thing, etc. than with others, or more in particular circumstances than in others - โดยเฉพาะอย่างยิ่ง

excluding: not including something - ไม่รวม, แยกออกไป

existing: used now - ที่มีอยู่

external: of the outside part of something - ภายนอก

finished article: something or someone who is completely developed without major weaknesses -

functional: able to be used - ใช้การได้

global: known throughout the world - ระดับโลก

handle: to take action in order to deal with a difficult situation - ดูแล, จัดการ

highlight: to make something more noticeable - เน้น,ทำให้เด่น

image: an opinion that people have about someone or something - ภาพลักษณ์

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

impossible: something that cannot happen - เป็นไปไม่ได้

ingredient: one of the substances that are combined to make something - ส่วนผสม

insist: to keep saying very firmly that something is true - ยืนกราน ยืนยัน

invest: to spend money on something in order to make it better or more successful - ลงทุน

jitters: feelings of being anxious and nervous, especially before an important event or before having to do something difficult - กระวนกระวาย, ว้าวุ่นใจ

join hands with: to join another person or organization in doing a project -

key: very important - ที่สำคัญ

latest: newest; most recent - ] ล่าสุด, See also: ทันสมัยที่สุด, เกิดหลังสุด

lettuce: a plant with large green leaves, eaten raw in salads - ผักกาดหอม

licence plate: a flat piece of metal or plastic on the front and back of a vehicle that shows its license number - แผ่นป้ายทะเบียนรถยนต์

lime: a small green fruit, like a lemon, with a lot of sour juice, used in cooking and in drinks; the juice of this fruit - มะนาวพันธุ์หนึ่ง

livestock: animals such as cows, sheep, chickens and pigs that are kept on farms - ปศุสัตว์

local: in this country (Thailand) -

lottery: a way of raising money for a government, charity, etc. by selling tickets that have different numbers on them that people have chosen. Numbers are then chosen by chance and the people who have those numbers on their tickets win prizes - สลากกินแบ่ง, ล็อตเตอรี่

maintain: to keep - รักษา

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

match: to be the same as or very similar to something else - เท่าเทียมกันกับ, เท่ากันกับ

measure: a firm action taken to solve a problem or stop a dangerous unpleasant situation - มาตราการ

minimal: very small in amount - น้อยที่สุด, น้อยมาก

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

monitor: to regularly check someone/something - จับตาดู เฝ้าระมัดระวัง

monitor: to regularly check something or watch someone in order to find out what is happening - ตรวจสอบ ตรวจตรา

mull: to think carefully about something over a period of time - ครุ่นคิด

normal: typical, usual or ordinary; what you would expect - ปกติ, ภาวะปกติ

off-season: not during the main time or period of the year when an activity is done - off-season rice farming

participate: to take part in or become involved in an activity - มีส่วน

particularly: especially, or more than usual - โดยเฉพาะ

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

popular: a situation in which someone or something is liked by many people - เป็นที่นิยม, เป็นที่ชื่นชอบ

pork: meat from a pig that has not been cured (= preserved using salt or smoke) - เนื้อหมู

poultry: meat from birds such chickens and turkey - สัตว์ปีก

process: a series of actions that you take in order to achieve a result - แนวทางปฏิบัติ, กระบวน, วิธีการ

processor: a part of a computer that controls all the other parts of the system - อุปกรณ์อิเล็กทรอนิกส์เพื่อสร้าง จัดเก็บ ตรวจแก้ พิมพ์คำ ข้อความ (ทางคอมพิวเตอร์)

produce: things that have been made or grown, especially things connected with farming - ผลผลิต, ผลิตผล

production: the process of growing or making food, goods or materials, especially large quantities - การผลิต

production: the process of making goods or materials, especially large quantities - การผลิต

public: the public; all people; the people in general - มหาชน, ประชาชน

purchase: the process of buying something - การซื้อ

random: happening, done or chosen by chance rather than according to a plan - ซึ่งไม่มีแบบแผน

range: to have an upper and a lower limit in amount, number, etc - ผันแปรภายในขอบเขตหนึ่ง

recently: not long ago - เมื่อไม่นานมานี้, เมื่อเร็วๆ นี้

resemble: to be like or look like someone or something else - มีลักษณะคล้ายกับ

results: what you get in the end when activity is completed (test results, research results, etc) - ผล

revenue: income from taxes or business activities - รายได้

rig: to fix; to arrange or influence something in a dishonest way in order to get the result that you want - วางแผนหลอกลวง, ใช้วิธีการอันมิชอบ

rigging: arranging dishonestly for the result of something -

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

scheme: a plan that is developed by a government or large organisation in order to provide a particular service for people - แผนการ โครงการ

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

seasonal: typical of or suitable for the time of year - ตามฤดูกาล

severe: very serious and worrying - ที่รุนแรง ที่น่าเป็นห่วง

shrink: to become smaller, or to make something smaller - หดตัว, เล็กลง

shrink (past form: shrunk): to become smaller, or to make something smaller - หดตัว, เล็กลง

situation: all the circumstances and things that are happening at a particular time and in a particular place - สถานการณ์

suffer: to be badly affected by a very difficult or unpleasant situation - ประสบความลำบาก

supply: an amount or quantity of something that is available to buy or use; use the amount of a good available in a market to buy - อุปทาน

supply: to provide somebody/something with something that they need or want, especially in large quantities - จัดหาให้, จัดส่งให้

suspicion: a feeling that something bad is probably true or likely to happen - ความสงสัย

switch: to change - เปลี่ยน

syndrome: a set of feelings or actions that are typical in a particular situation; a medical condition that has a particular set of effects on your body or mind - ลักษณะเชิงซ้อนต่างๆ ที่บ่งบอกถึงสภาพใดสภาพหนึ่ง, อาการของโรคต่างๆ ที่เกิดขึ้นพร้อมๆ กัน

tablet computer: a small light-weight computer device shaped like a book; e.g, iPad, Galaxy Tab, etc. -

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

telecom: a business in the telecommunications industry - โทรคมนาคม)

transparency: an honest way of doing things that allows other people to know exactly what you are doing - ความโปร่งใส

urge: to advise someone very strongly about what action or attitude they should take - ผลักดัน, กระตุ้น

vehicle: a machine that you travel in or on, especially one with an engine that travels on roads, e.g., a car, bus, van, truck, etc. - ยานพาหนะ

widespread: happening or existing in many places, or affecting many people - อย่างแพร่หลาย

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