What's new in business news: April 23, 2014 | Bangkok Post: learning

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What's new in business news: April 23, 2014

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Street food vendors get World Cup for free, water shortage as water drops in major dams & wind power project for Korat. 

Wind turbines have been installed at Laem Chabang port in Chon Buri as part of plans to become a green port. The turbines produce electricity for use around the port, for streets and warehouse lighting. Gunkul Engineering is planning a 60-MW wind farm in Nakhon Ratchasima.  PATTANAPONG HIRUNARD

BROADCASTING

Street food vendors can watch World Cup for free 

Small business operators will be exempt from fees for broadcasting World Cup matches between June 12 and July 13. Small street vendors selling noodles, somtam and khao tom (boiled rice with different dishes) can broadcast World Cup matches without paying broadcasting fees

RS, the broadcasting rights holder for the 2014 World Cup in Thailand, will  collect fees from businesses broadcasting the World Cup including restaurants, food courts, karaoke shops, electrical appliance shops, nightclubs, pubs, beer gardens, hotels and apartments. Cable TV operators and websites are also not allowed to broadcast World Cup matches without paying fees.  More than 10,000 businesses are expected to apply for World Cup broadcast licenses.

Any unauthorised use will be fined except for home use. The company's legal and monitoring team will have over 300 people nationwide checking on violations of its broadcast rights starting from May 1. Broadcasting fees are considered on a case-by-case basis, starting from 30,000 baht. Authorised businesses must display the permission document in a visible place for the inspection teams to verify it in coordination with the police to minimise viewing disturbances and business interruptions.

Read full story here 

WATER SUPPLY 

Water shortage as water drops in major dams 

The amount of usable water in two major dams, Bhumibol and Sirikit, important for irrigation for a large number of  farmers, has fallen to only 18% of capacity and farmers have been advised to reduce the size of their second crops. Water levels in both dams have dropped continuously as water is released to feed demand and to maintain the ecological system before the end of the dry season over the next few weeks. The rainy season is predicted to arrive late this year. Some farmers were still cultivating second-crop rice which is at risk of being damaged.

Thailand has total water storage capacity of 70.326 billion cubic metres of water in dams nationwide, however the overall usable water as of Tuesday was 14.946 billion cubic metres or 21% of total capacity.

Read full story here 

ENERGY 

Wind power project for Korat

The SET-listed Gunkul Engineering, a maker and distributor of electrical products and renewable energy, will spend 4.2 billion baht on wind energy and gas turbine projects this year.  The company's revenue target this year is 3 billion baht with revenue from renewable energy accounting for 200 million baht.

The wind power project has a planned total capacity of 60 MW and is located in Nakhon Ratchasima (Korat). The company will invest 70% in this project with 30% held by a Thai partner. Different financing options for the 4.2 billion baht needed are being considered including bank loans, equity from a partner or setting up an infrastructure fund. The company has aggressively expanded its renewable energy projects since 2012 in a bid to have renewable energy account for most of the company’s net profit in years ahead. The company has also entered Myanmar in 2012 to invest in three wind energy projects with a combined capacity of 1,000 MW but found wind speed unsteady at the project locations, leaving these projects pending.

The company also has a gas-turbine engine investment in Myanmar with a local partner that will supply 25 megawatts of power. The company has 51% ownership of the project with a local Myanmar partner owning the rest. The company is also working with warehouse operator (WHA Corporation) to use solar rooftops to generate electricity with a capacity of 3.299 MW under a 25-year deal to sell power at 6.60 baht per kilowatt-hour to the government power authority

Read full story here 

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Vocabulary:

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

accounting for: being -

advise: to tell somebody what you think they should do in a particular situation - แนะนำ, แจ้ง

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

apply: to make a formal request for permission to do or have something - ขอ, สมัคร (noun form: application การขอ, การสมัคร)

at risk: in danger - ตกอยู่ในความเสี่ยง

authorised: given official permission to do something or for something to happen - ได้รับอนุญาต

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

beer garden: an nice outdoor place where beer is sold and people drink and socialize together; an outdoor bar - สถานที่ดื่มเหล้า มักตกแต่งให้คล้ายสวน, เบียร์การ์เดน

bid: an attempt to do something - ความพยายาม 

boil: to heat a liquid to the point where it forms bubbles and turns to steam or vapour - ทำให้เดือด

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

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

capacity: the amount of something that can be produced - ความสามารถในการ (ผลิต)

capacity: the total amount or number that can be contained - ปริมาณสูงสุดที่จะรับได้

case-by-case basis: considering cases one by one - โดยพิจารณาเป็นกรณีไป

collect: to receive something, especially money - เก็บเงิน

combined: counted together - รวมกัน

consider: to give careful thought to something before making a decision - พิจารณา

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

coordination: the act of making all the people involved in a plan or activity work together in an organised way - การประสานกัน

cubic metre: the volume of a cube with edges one metre in length - ลูกบาศก์เมตร

cultivate: to prepare land and grow crops on it - เตรียมเพื่อเพาะปลูก, เพาะปลูก

dam: a wall built across a river to stop the water from flowing, especially in order to create a lake or to help to produce electric power - เขื่อน

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

dish: food prepared and cooked in a particular way - อาหาร

display: to put something in a particular place so that people can see it easily - โชว์, แสดง

distributor: a person or company that supplies goods to shops/stores, etc - ผู้ค้าส่ง, ผู้แทนจำหน่าย, ผู้แจกจ่าย

disturbance: actions/events that upset the normal state that something is in - การรบกวน, การทำให้ไม่สงบ

document: a paper or set of papers with written or printed information, especially of an official type  - เอกสาร

electrical appliances: instruments or tools that run on electricity - เครื่องใช้ไฟฟ้า

equity: stock shares - หุ้นทุน

exempt: not affected by something - ได้รับการยกเว้น

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

fee: an amount of money that you pay to be allowed to do something - ค่าธรรมเนียม

finance: to provide money for something - จัดหาเงินทุนให้

fine: to be required to pay an amount of money because you have broken the law - ปรับเป็นเงิน

fund: money provided for something - เงินทุน กองทุน

generate: to produce - ผลิต, ก่อให้เกิด

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

inspection: an official process of checking that things are in the correct condition or that people are doing what they should - การตรวจสอบตรวจตรา

install: to put a piece of equipment somewhere and make it ready for use - ติดตั้ง

interruption: something that temporarily stops an activity or a situation; a time when an activity is stopped - การขัดจังหวะ, การหยุดชะงัก

irrigation: the process of bringing water to land through a system of pipes, ditches, etc. in order to make crops grow - ระบบชลประทาน

legal: relating to the law or lawyers - เกี่ยวกับกฎหมาย

level: the amount of liquid that there is in a container, river, dam, etc., which can be seen by how high the liquid is - ระดับ

license: an official document that gives someone permission to do or use something - ใบอนุญาต

lighting: illumination, all the lights at a place and how much light exists there - การจัดแสง, การจัดไฟ

listed firm: a public company, i.e., a company that offers its shares to the public on a stock exchange - บริษัทมหาชน

loan: an amount of money that a person, business, or country borrows, especially from a bank - เงินกู้

local: in the country being discussed -

maintain: to keep something in good condition by checking or repairing it regularly - ซ่อมบำรุง

match: a sports competition - การแข่งขัน

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

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

nationwide: throughout a whole country - ทั่วทั้งประเทศ

net: to earn a particular amount of money after taxes or other costs have been removed - ได้กำไรสุทธิ

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

option: a choice; something that you can choose in a particular situation - ทางเลือก

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

partner: one of the people who owns a business and shares the profits, etc or works together with another business in an activity - หุ้นส่วน, ผู้ร่วมมือ,

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

permission: allowing someone to do something - การอนุญาต,การอนุมัติ,การยินยอม

port: an area of water where ships stop, including the buildings around it - ท่าเรือ

predict: to say that an event or action will happen in the future, especially as a result of knowledge or experience - คาดการณ์ว่า พยากรณ์จากสถิติว่า

profit: money that you make from selling goods and services after all your costs have been paid - กำไร

project: a planned piece of work that is designed to find information about something, to produce something new, or to improve something - โครงการ

release: to let something move freely; to allow a substance to flow out from somewhere - ปล่อย

renewable energy: forms of energy for generating electricity that will not run out such as solar or wind power - พลังงานหมุนเวียน หรือพลังงานใช้ไม่หมด [ได้แก่ พลังงานแสงอาทิตย์ เราสามารถเปลี่ยนพลังงานแสงอาทิตย์มาเป็นพลังงานไฟฟ้าโดยอาศัยเซลล์แสงอาทิตย์ (Solar cell) พลังงานน้ำ เราสามารถแปรรูปพลังงานศักย์จากน้ำเพื่อนำมาเป็นพลังงานกล เช่น ใช้แรงของน้ำหมุนกังหันผลิตไฟฟ้า พลังงานลม โดยการใช้กังหันลมหมุนเครื่องจักรกลต่างๆ เครื่องสูบน้ำ เครื่องบดธัญพืช เป็นต้น พลังงานจากมวล ชีวภาพ เช่น มูลสัตว์และก๊าซชีวภาพ พลังงานจากการเผาไม้ กระดาษ ฟืน แกลบ กากชานอ้อย และ ที่เรียกว่า พลังงานใช้ไม่หมดก็เพราะสามารถหามาทดแทนได้ เช่น ปลูกป่าเอาไม้มาทำฟืน หรือปล่อยน้ำจากเขื่อนมาปั่นไฟ หรือแสงอาทิตย์ที่ได้รับจากดวงอาทิตย์อย่างไม่มีวันหมดสิ้น ดังนี้เป็นต้น [ปิโตรเลี่ยม]]

revenue: income from taxes or business activities - รายได้

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

rooftop: the outside surface of the roof of a building - หลังคา

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

solar: involving the sun - เกี่ยวกับดวงอาทิตย์

storage: the putting and keeping of things in a special place for use in the future - การเก็บ

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

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

turbine: an engine or a machine that uses the pressure of liquid or gas on a wheel to get power - กังหัน

unauthorised: without having permission to do something - ที่ไม่ได้รับอนุญาต

unsteady: not completely in control of your movements so that you might fall - ไม่มั่นคง

vendors: people who sell things, e.g., food or newspapers, usually outside on the street - พ่อค้าแม่่ค้าหาบแร่แผงลอย

verify: to prove that something is true, or to make certain that something is correct - พิสูจน์ว่าเป็นความจริง

viewer: a person who watches TV -

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

visible: able to be seen - ที่มองเห็นได้

warehouse: a large building for storing things - โกดังสินค้า, คลังสินค้า, โรงพัสดุ

wind farm: a power plant that uses wind turbines to generate electricity - ทุ่งกังหันลม

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