What's new in business news: May 7, 2014 | Bangkok Post: learning

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What's new in business news: May 7, 2014

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China to open consulate in Phuket to help tourists, Tesco Lotus opens Khon Kaen distribution centre & Mall Group building new malls in Bangkok, Phuket & Hua Hin. 

Tesco Lotus's new Khon Kaen distribution centre, one of Thailand's largest, has a service area of 52,000 square metres.

TOURISM 

China to open consulate in Phuket to help tourists

China will open a consulate in Phuket to provide consular services for the growing number of Chinese tourists visiting there. The consulate is necessary because 10.7 million Chinese people travelled to Thailand last year and as many as 1 million Chinese visited Phuket and the number of Chinese visitors to Phuket is expected to double this year.

The Chinese consul in Phuket would protect the interests of Chinese tourists and also contact and protect Chinese expatriates there. Phuket authorities have taken steps to take good care of Chinese tourists such as special Chinese-language signs at Phuket airport. Phuket is also a sister city to many cities of China and there have also been exchange students between the two countries for bilateral studies of culture and traditions.

Read full story here 

LOGISTICS

Tesco Lotus opens Khon Kaen distribution centre

Tesco Lotus has opened its first regional distribution centre in Khon Kaen province to support business growth and serve customers in the Northeast. The distribution centre will serve more than 300 Tesco Lotus stores of all formats in the northeastern region, from the smallest Express marts to the biggest Extra stores and the centre will handle about 1 million cases of products a week, with the capacity to handle up to 3 million.  With a service area of 52,000 square metres and an investment of 2.5 billion baht, the centre will be one of the country's biggest distribution centres. The project has already created nearly 1,000 new jobs in the local area. 

Tesco Lotus has four other distribution centres, all in the Central region, servicing nearly 1,700 stores in Thailand. The focus of the regional distribution centre has been to get products closer to customers, and to improve availability of products on the shelves. By setting up the distribution centre up in Khon Kaen, there has also been a reduction in the number of trucks used which used to travel 400,000 kilometres every week. This is a major reduction in carbon emissions. The centre has been designed to similar standards as top warehouses in Britain and Europe, using the latest innovations and distribution technology. The centre was built under an eco-friendly concept with a wide range of energy-saving equipment.

Read full story warehouse" >here 

RETAIL 

Mall Group building new malls in Bangkok, Phuket & Hua Hin

Despite the negative economic outlook, The Mall Group, arch-rival of retail giant Central Group, has announced a huge investment that will involve ploughing 60 billion baht into the development of six megaprojects. The Mall Group built its first department store 33 years ago in Bangkok's Ratchadamri area. After that, the group moved from department stores to luxury shopping complexes, developing The Emporium on Sukhumvit Road in 1997 and Siam Paragon in Siam Square six years later.

About 20 billion baht will be used to develop Bangkok Mall on a 100-rai plot opposite Bitec convention centre on Bang Na-Trat Road. Bang Na-Trat Road, which leads to the east of the country, also boasts several shopping malls such as Central Bangna, Megabangna and Seacon Square. The construction of Bangkok Mall will begin at the end of this year and take about three years to complete. The Philippines has the Mall of Asia, there's Dubai Mall in Dubai and the Mall of America in the United States and in a similar fashion Bangkok Mall will be next. 

Another 20 billion baht has been earmarked for the construction of Blu Pearl, a resort mall located on a 150-rai plot close to CentralFestival in Phuket. The rest will be spent on the development of Blu Port, a mall in Hua Hin and The EmQuartier, a shopping complex opposite The Emporium in Bangkok. The funds will be also used to build The Emsphere, next to the Imperial Queen's Park Hotel and for a major facelift of The Emporium. The renovation of The Emporium and the opening of The EmQuartier are set for the end of this year, while the rest of the projects will be ready for operation in 2017. The EmQuartier and EmSphere would not be just shopping complexes but also an office, residential and entertainment venue.

Thailand has a target of 40 million inbound tourists in the next five years traveling to popular destination cities such as Bangkok, Phuket, Pattaya, Hua Hin and Chiang Mai. Meanwhile, Central Pattana Plc, a Central Group developer, is set to renovate its shopping complexes, while Seacon Development Co has announced a 15-billion baht multi-purpose project on Srinakarin Road and set aside 1 billion baht for the expansion of The Nine project adjacent to Seacon Square.

Read full story here 

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Vocabulary:

adjacent: very near, next to, or touching - ติดกัน

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

arch-rival: main opponent; most important competitor - คู่แข่งคนสำคัญ

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

availability: that you can get, buy or find - การหาได้ง่าย,การหามาได้

bilateral: involving two groups or countries - สองข้าง, เกี่ยวกับกลุ่มทางการเมืองสองกลุ่ม

boast: to have something that is impressive and that you can be proud of -

capacity: the amount of something that can be produced or done - ความสามารถในการ (ระบาย, ผลิต etc.)

carbon footprint: the total amount of environmentally damaging greenhouse gases created by a person, company or organization in their daily activities, the goal is to make as low as possible -

case: a container or cover for keeping or protecting something - อุปกรณ์บรรจุ

complete: to finish something; to bring some project to an end after having done everything successfully - ทำเสร็จ, ทำให้สมบูรณ์

concept: a principle or idea - ความคิด

construction: the work of building or making something, especially buildings, bridges, etc. - การก่อสร้าง

consul: an official chosen by a government to live in a foreign city, in order to take care of people from the official's own country who travel or live there, and to protect the trade interests of that government - กงสุล

consular: involving government officials who represent their country in a foreign city - เกี่ยวกับกงสุล

consulate: the building where a government official works who is sent to live in another country and look after his/her own country’s citizens and business interests there - สถานกงสุล

contact: having communication with someone - การติดต่อ การสัมผัส

convention: a large formal meeting of people who do a particular job or have a similar interest, or a large meeting for a political party - การประชุมใหญ่

culture: the customs and beliefs, art, way of life and social organization of a particular country or group - วัฒนธรรม

department store: a big store with many floors that sells clothes and household appliances and items - ห้างสรรพสินค้า, ศูนย์สรรพสินค้า, ศูนย์การค้าขนาดใหญ่

despite: used to show that something happened or is true although something else might have happened to prevent it; used to show that somebody did not intend to do the thing mentioned - ถึงอย่างไรก็ตาม, ทั้ง ๆ ที่

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

developer: real estate developer, a person or company that builds new "real estate developments" including buildings, houses, shopping centers, etc -

development: the process of using an area of land, especially to make a profit by building on it, etc - การพัฒนา

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

earmark: to decide to use something, especially money, for a particular purpose - ตัดสินใจที่จะใช้สำหรับวัตถุประสงค์เฉพาะ

emissions: gases going into the air - การปล่อยก๊าซเสียสู่ท้องฟ้า

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

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

expansion: when something increases in size, number or importance - การขยายออก

expatriate (expat): a person living in a country that is not their own - คนที่อาศัยอยู่ต่างประเทศ (เป็นเวลานาน)

facelift: changes made to a building or place to make it look more attractive -

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

format: the arrangement, design or organisation of something - รูปแบบ

handle: to deal with a situation, a person, an area of work or a strong emotion - ควบคุม, ปฏิบัติ,จัดการ

huge: very large - ใหญ่โต

inbound: travelling towards a particular point, particularly into a city - ขาเข้า (opposite of outbound ขาออก)

interests: good results or an advantage for somebody/something - ประโยชน์ส่วนบุคคล

investment: the act of investing money in something - การลงทุน

located: where something is - ตั้งอยู่

luxury: the best and most expensive of something - ที่หรูหรา 

major: very large or important - สำคัญมาก

necessary: essential, needful, something that you must do or have - จำเป็น, ซึ่งเลี่ยงไม่ได้, ซึ่งเป็นที่ต้องการ, สำคัญ

negative: bad - ที่เป็นด้านลบ

operation: a business activity - การดำเนินการทางธุรกิจ

outlook: an idea about what a situation will be like in the future - อนาคตที่คาดหวังไว้, ทัศนคติ

plot: a piece of land used for a particular purpose - ที่ดินแปลงเล็ก

plough ahead with: continue with plans to do a difficult project -

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

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

protect: to make sure that somebody/something is not harmed, injured, damaged, etc - ป้องกัน,อารักขา,คุ้มกัน

range: a number of different things that are of the same general type - ขอบข่าย

reduction: the process or result of making something smaller or less in amount, size, importance etc - การลดลง

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

regional: of or relating to a region - เกี่ยวกับภูมิภาค

renovation: making something old look new again by repairing and improving it, especially a building - การปฏิสังขรณ์, การทำให้มีสภาพดีเหมือนเดิม, การบูรณะ, การซ่อมแซมใหม่

residential: of a place where people live -

retail: to sell directly to the public for their own use - ขายปลีก

rival: a person you are competing against or opposing - คู่แข่ง

set aside: to keep or save something from a larger amount or supply in order to use it later for a particular purpose - สำรอง

take steps to: take some action to achieve some goal or solve some problem -

tradition: a very old custom, belief, or story - ประเพณี, ขนบธรรมเนียม

venue: the place where an activity or event happens - สถานที่ที่เหตุการณ์เกิดขึ้น

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

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