What's new in business news: April 1, 2014 | Bangkok Post: learning

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What's new in business news: April 1, 2014

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Court decides 22 free World Cup matches not 64, Thai Airways service staff threaten strike & border trade slips on falling competitiveness. 

Brazil playing in a World Cup match four years ago.

BROADCASTING

Court decides 22 free world cup matches, not 64

The Administrative Court ruled yesterday that all 64 World Cup games do not have to be broadcast for free, siding with the entertainment company RS Plc, the owner of the broadcasting rights. The company will now proceed with its plans to broadcast 22 world cup matches for free. However, many football fans claim the matches on free channels are not attractive, as they do not include any interesting teams, particularly England, the favourite team of Thai fans. Traditionally, World Cup tournaments have been aired via free TV channels and viewers have not needed not to pay subscription fees.  

The National Broadcasting and Telecommunications Commission (NBTC) will appeal the ruling. The NBTC earlier held that the so-called "must-have rule" required RS to broadcast all 64 games on free TV channels. The must-have rule has an objective to provide basic broadcasting service to every group of viewers, including the disadvantaged and low-income earners, but  RS secured the broadcast rights for both the World Cup 2010 and World Cup 2014 in 2005 before the must-have rule was effective. However, whether RS can sell its World Cup set-top boxes will depend on consideration by the NBTC's legal office. A source in the TV industry said RS has imported 50,000 set-top boxes but they have not gone through customs procedures pending NBTC approval to sell them.

The court yesterday ruled that the enactment of the must-have rule would violate RS's individual rights under the Intellectual Property Law.  However, the must-have rule, which requires seven major sports events to be broadcast on free channels, still remains, as it benefits the public, the court said.  The court held that, "public rights are important but they must not violate any individual right. It's unfair for any company to shoulder public costs to provide a public service."

Read full story here 

LABOUR

Thai Airways service staff threaten strike

Ground service staff working for Thai Airways International (THAI) plan to go on strike on April 13 to press for higher pay. The strike would happen at all airports in Thailand and union representatives claim that workers have the right to strike under labour law. If the strike happens, catering and ground services would be affected, including luggage loading and runway services.

The union is planning to convene a meeting of its members on April 12 and probably strike the following day because past negotiations failed to convince management to pay monthly salaries instead of daily wages to about 3,000 employees or to offer a 3-5% pay rise. The workers planning to strike work for Wingspan Services, a subsidiary of THAI. WingSpan Services employs more than 4,000 workers and only about 1,000 receive monthly salaries. Workers have not received a pay raise for three years. WingSpan Services outsources ground service staff for THAI and its work includes catering.

Acting THAI president Chokchai Panyayong said yesterday WingSpan Services workers should not hold THAI hostage. If they cause problems, the airline might use the outsourcing services of another firm. Mr Chokchai said THAI is considering changing its pay structure for staff. However, THAI uses outsourced workers to cut management and welfare costs, so it was impossible for outsourced staff to share the same benefits as THAI employees.

Read full story here 

EXPORTS

Border trade slips on falling competitiveness   

Leading exporters say that Thailand's cross-border trade is slowing because of unfavourable economic conditions overseas and growing competition, mainly from China. Cross-border trade accounted for 34% of Thailand’s total export value. Over the past several years, the figure has expanded by over 20% annually, but last year cross-border trade with China rose by only 1.4% to US$27.38 billion baht, while shipments with the four Southeast Asian nations that border Thailand expanded 5% to $59.31 billion.

Part of the slower growth was attributed to competitors such as China and other Asean countries improving their productivity and cost competitiveness in many sectors, which means Thai manufacturers need to respond by improving productivity to control production costs and focusing more on innovation to add value to the products, according to experts.  Thailand is a production base for personal computer parts, which account for 13% of the country's total export value. But global demand for PCs is falling. Threats to Thai exports also include possible trade sanctions by the US or EU over human rights violations in the fishery sector involving poorly treated migrant workers from neighbouring countries.

Foreign direct investment (FDI) to Thailand has also been declining, but for Vietnam and Indonesia, whose economies expanded by over 5%, FDI has been rising. For example Thailand failed to attract smartphone companies to set up a production base here, but Vietnam is now a global hub for smartphones. Board of Investment (BOI) approvals for investment privileges fell 61% year-on-year the first two months to 14 billion baht because of the ongoing political vacuum

Read full story here 

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Vocabulary:

account for: to be a particular amount or part of something -

account for: to be the explanation or cause of something - เป็นเหตุผลของ

Administrative Court: the court which deals with disputes between the private sector and government agencies - ศาลปกครอง

air: to broadcast; to send out a programme on television or radio - ออกอากาศ, กระจายเสียง,กระจายข่าว

annually: happening every year - ทุกๆปีด

appeal: a request to a court to change a decision by a lower court - อุทธรณ์

approval: official permission - การอนุมัต

attractive: having features or qualities that make something seem interesting and worth having - น่าดึงดูด

attribute to: to believe that something is the result of a particular situation, event, or person’s actions - ถือว่าเป็นของ

base: a place from where an activity can be planned or controlled - ฐาน, ฐานที่มั่น

basic: of the simplest kind or at the simplest level - พื้นฐาน, อันดับแรก, สำคัญ

benefit: to give an advantage to someone - มีประโยชน์ต่อ

border: the official line separating two areas, regions or countries - เขตแดน อาณาเขต

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

broadcast rights: the legal right to sell and control who can watch a television broadcast -

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

channel: TV channel - ช่อง, ช่องโทรทัศน์

claim: saying that something is true although it has not been proved and other people may not believe it - ข้ออ้าง ข้อกล่าวหา

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

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

competitor: a person, team or company that is competing against others - ผู้แข่งขัน, คู่แข่ง

conditions: the circumstances or situation in which people live, work or do things - เหตุการณ์, สภาพการ, สถานการณ์

consideration: giving careful thought to something before making a decision - การคิดพิจารณา

court: the place where legal trials take place and where crimes, etc. are judged - ศาล

cross: to go across; to pass or stretch from one side to the other - ข้าม

cross-border trade: the buying and selling of goods between two countries, goods that pass through the border of the two countries -

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

demand: the need and desire of people to buy goods - อุปสงค์

disadvantaged: not having the things, such as education, or enough money, that people need in order to succeed in life - ด้อยโอกาส, ผู้เสียเปรียบในสังคม

effective: officially begun to be used ; to take effect - มีผล

enactment: the process of a law becoming official; a law which has been made official - การประกาศใช้เป็นกฎหมาย

entertainment: fun; behaviour or activities that are not serious but come from a sense of enjoyment - ความบันเทิง, ความสนุกสนาน

expand: to make or become larger (noun form: expansion) - ทำให้กว้าง, ทำให้ขยาย

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

fan: a person who likes something very much such as a famous singer or TV show - คนคลั่งในสิ่งหนึ่งสิ่งใด,คนคลั่ง

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

fishery: an area of water where fish are caught so they can be sold - พื้นที่ในการจับปลา

focus: to give attention, effort, etc. to one particular subject, situation or person rather than another - เพ่งความสนใจ

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

global: throughout the world - ทั่วโลก

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

hub: the central or main part of something where there is most activity - จุดศูนย์กลาง

human rights: the basic rights which it is generally considered all people should have, such as justice and the freedom to say what you think - สิทธิมนุษยชน

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

individual: a person considered separately rather than as part of a group - บุคคล

innovation: the introduction of new things, ideas or ways of doing something; a new idea, way of doing something, etc. that has been introduced or discovered - นวัตกรรม, การคิดขึ้นใหม่, สิ่งที่นำเข้ามาใหม่

intellectual property: something that someone has created or invented and that no one else is legally allowed to make, copy, or sell - ทรัพย์สินทางปัญญา

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

low-income: earning little money - รายได้ต่ำ

major: very large or important - สำคัญมาก

manufacturer: a person or company that manufactures a product - ผู้ผลิต

match: a sports competition - การแข่งขัน

migrant worker: someone who travels to another place or country in order to find work - คนงานต่างถิ่น

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 Broadcasting and Telecommunications Commission (NBTC): the independent government agency which oversees and regulates the Thai telecoms and broadcasting industry - สำนักงานคณะกรรมการกิจการกระจายเสียง กิจการโทรทัศน์และกิจการโทรคมนาคมแห่งชาติ

neighbouring: located or living near or next to a place or person - ติดกัน, ที่อยู่ใกล้เคียง, ที่ตั้งอยู่ใกล้เคียง

objective: what you plan to achieve; goal; aim; purpose - เป้าหมาย

ongoing: continuing - อย่างต่อเนื่อง

overseas: in another country - ต่างประเทศ

pending: waiting to be dealt with, settled or completed - ยังค้างอยู่, ซึ่งยังไม่จบสิ้น, อยู่ในระหว่าง

procedure: a way of doing something - ขั้นตอนการดำเนินการ

proceed: to continue as planned - ดำเนินการ

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

productivity: the rate at which a worker, company or whole country produces goods compared with the resources or inputs needed to produce them such as labour, capital, machines and equipment needed to produce them - ผลิตภาพ; การเพิ่มผลผลิต; ความสามารถในการผลิต

provide: to give someone/ something that they want or need - จัดหาให้, จัดเตรียมไว้ให้

public: open to people in general; intending to be seen or heard by people in general - อย่างเปิดเผย

respond: to say something as a reaction to something that has been said - ตอบ

right: a moral or legal claim to have or get something or to behave in a particular - สิทธิ

rule: (of a court or other group with similar authority) to make and announce a decision - ตัดสิน, พิพากษา, ชี้ขาด

ruling : a decision by a court of law - คำตัดสิน คำชี้ขาด

sanction: an official order, such as the stopping of trade, which is taken against a country in order to make it obey international law - การคว่ำบาตร

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

secure: to get or achieve something - ได้มา, ทำให้ได้ผล, ได้รับ

set-top box: the box on top of TV used to receive satellite or cable TV and select channels - กล่องรับสัญญาณ

shipment: a load of goods that are sent from one place to another - ปริมาณสินค้าที่ขนส่งในครั้งหนึ่ง ๆ

shoulder: to deal with or accept something difficult - แบกรับภาระ หรือสถานการณ์

side with: to choose to be on one "side" or group in a disagreement or fight -

so-called: used for saying that a particular word is usually used for referring to someone or something - ที่เป็นที่รู้กัน

source: a place where information comes from; someone who gives information - แหล่ง

subscription: an amount of money that you pay regularly to receive a product or service or to be a member of an organization - การบอกรับเป็นสมาชิก

threat: a danger - อันตราย

tournament: a competition for teams or single players in which a series of games is played, and the winners of each game play against each other until only one winner is left - การแข่งขัน

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

traditionally: of something that has not changed for a long time - ตามที่ปฏิบัติกันมา

treat: to behave in a particular way towards somebody/something - ปฏิบัติ(ต่อ)

unfavourable: not good and likely to cause problems or make something more difficult; showing that you do not approve of or like somebody/something - ซึ่งไม่น่าพอใจ, ซึ่งไม่เป็นผล

vacuum: emptiness; not having anything inside; not having air inside - สุญญากาศ, บริเวณที่ไม่มีอากาศ

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

violate: to do something that is against a law, rule or agreement - ฝ่าฝืน, ละเมิด

violation: an action that is against a law, agreement, principle, etc. - การฝ่าฝืน

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