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

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

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Thaksin's sister fined for insider stock trading, rubber glut & low prices expected to last two more years & bright outlook for Thai food industry as trade fair opens. 

A presenter poses next to cans of popcorn displayed at Thaifex: World of Food Asia 2014. The growing popularity of Chicago-based Garrett popcorn has brought in more brands from both local and foreign manufacturers. The fair is open only to trade visitors today and tomorrow, but the public can attend on Saturday and Sunday. TAWATCHAI KHEMGUMNERD

 STOCK MARKET 

Thaksin's sister & husband fined by SEC for insider stock trading 

The Securities and Exchange Commission (SEC) has imposed fines on ousted prime minister Thaksin Shinawatra’s sister Monthathip (7.86 million baht) and her husband (1.81 million baht) for insider trading of stock shares in M Link Asia Corporation. M Link, a handset and mobile accessories vendor, was founded by Mrs Monthathip and Yaowapa Wongsawat, both sisters of Thaksin.

The SEC found that Mrs Monthathip in 2011 sold 29 million M Link shares based on advance knowledge of M Link’s 316-million-baht loss in the second quarter of that year. In addition, Mr Somchai sold 7.03 million M Link shares using inside information obtained while he was on the board of directors at M Link.

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AGRICULTURE 

Rubber glut & low prices expected to last two more years

Bloomberg News Agency

A world oversupply of rubber and low rubber prices are expected to continue for another two years through 2016. Maturing rubber trees are expected to boost supply and slowing growth in China, the biggest consumer, is expected to reduce demand. The rubber surplus is expected to run 483,000 tonnes in 2015 falling somewhat to 316,000 tonnes in 2016. 

Rubber output in Thailand, the largest rubber grower and exporter in the world, surpassed predictions and production is expected to increase as trees planted between 2006 and 2008 mature. Plans to release 200,000 tonnes of rubber from Thai government stockpiles have also had a downward effect on prices. The impact of drought and El Nino weather patterns this year on production is not expected to be enough to counter the current large and rising amount of natural rubber surplus

Inventories in China also reached record levels recently. Lower prices may boost earnings at tire makers while squeezing profits for small farmers who account for about 80% of world supply. Meanwhile, futures in Tokyo, the global benchmark contract, have tumbled 26% this year, touching a four-year low in April but they rose by around 1.3% on Wednesday on speculation that Thailand’s plan to reduce state stockpiles could be delayed after martial law was imposed. 

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TRADE FAIRS & EXHIBITIONS

Bright outlook for Thai food industry as trade fair opens

Thaifex: World of Food Asia 2014, running until Sunday at Impact Muang Thong Thani, is a food expo that attracts producers and exporters of food products from around the world including halal products and organic foods. None of the foreign exhibitors and trade partners seem to be skipping the event this year despite the Army's declaration of martial law. On display are high-quality food products from 1,500 companies in Thailand and 37 other countries including Japan, China, South Korea, Malaysia, Italy, Brazil, Taiwan, Turkey and the US along with European nations

The five-day expo is a venue for food importers including shops, supermarkets and restaurants to source new suppliers and is expected to draw 96,000 visitors and generate 5 billion baht in sales. Business matching and factory visits are two highlights of the expo

Food export prospects remain promising, as indicated by the constant number of foreign exhibitors and trade partners that have participated in expo. Thailand's food shipments last year fell by 2.6% to a value of US$17.8 billion due mainly to a fall in farm product prices, particularly rice, rubber and shrimp. Despite the current political problems, food exports are expected to manage growth of at least 4.8% this year.

Read full story here 

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Vocabulary:

accessory: an extra piece of equipment that is useful but not essential - ตัวประกอบ, อุปกรณ์

benchmark: a standard that other things can be compared to, for example, to calculate prices - ตัวเปรียบเทียบ; การวัดเปรียบเทียบสมรรถนะเกณฑ์มาตรฐานหมายถึง การทดสอบเพื่อวัดความสามารถในการประมวลผล หรือการทำงานของ โปรแกรมใดโปรแกรมหนึ่ง หรืออุปกรณ์คอมพิวเตอร์ชนิดใดชนิดหนึ่ง โดยเทียบเคียงกับเกณฑ์มาตรฐาน

board of directors: a group of elected or appointed members who oversee the activities of a company or organisation - คณะกรรมการบริษัท

boost: to increase - เพิ่ม

business matching: an event or activity in which businesses find other businesses they can do business with, buy from, sell to or work as partners with -

constant: continuous; all the time - ต่อเนื่อง

consumer: someone who buys and uses goods and services - ผู้บริโภค

contract: an official written agreement - สัญญา

counter: to go against - ต้าน, แย้ง

current: of the present time - ปัจจุบัน

declaration: an official announcement that something is true or is happening - การประกาศ

delayed: happening at a later time than expected - เกิดขึ้นช้ากว่าปกติ

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

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

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

draw: to attract or interest somebody, often to cause them to go somewhere - ดึงดูดความสนใจ

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

due to: because of - เนื่องจาก

El Nino: unusually warm ocean temperatures in the Equatorial Pacific -

event: a planned public or social occasion - งานสังคม

expo: a fair where things are displayed for people to see such as new products; an exposition - งาน

fine: an amount of money that you have to pay because you have broken the law - ค่าปรับ

found: to start an organization, company, political party etc - สร้าง, ก่อตั้ง, สถาปนา

future: a contract to buy or sell an amount of something at some date in the future for a certain price (for a commodity such as rice or oil) - สัญญาซื้อขายล่วงหน้า

generate: to produce - ผลิต, ก่อให้เกิด

global: throughout the world - ทั่วโลก

glut: over-supply, when there is too much supply of a good on the market, the people who want to buy the good (demand) is much less than the amount of good available to buy in the market (supply) - ปริมาณมากเกินต้องการ, จำนวนเหลือเฟือ

grower: farmer -

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

halal food: food prepared according to the religious laws of Islam -

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

highlight: the most exciting, impressive, or interesting part of an event - เหตุการณ์สำคัญ, จุดสำคัญ

impact: an effect or influence - ผลกระทบ

importer: a person, company, or country that brings goods into their country in order to sell them - ผู้นำเข้า

impose: to force someone to accept something - กำหนด,บังคับ

indicate: to show that something is true, exists or will happen - แสดง, ทำให้รู้

insider trading: illegally buying or selling stocks based on information not available to the public -

inventory: the products kept in a shop, warehouse, etc., in this case, unsold cars - สินค้าที่จัดเก็บในสต๊อก

level: the amount of something that exists in a particular situation at a particular time - ระดับ

manage: to succeed in doing something - สำเร็จ,จัดการได้สำเร็จ, ทำได้สำเร็จ

martial law: direct control of an area or country by the armed forces - กฎอัยการศึก

mature: fully grown - เติบโตเต็มที่

mature: to become fully grown - เติบโตเต็มที่

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

natural: existing in nature; not made or caused by humans - เป็นธรรมชาติ, ตามธรรมชาติ

organic: produced or practised without using artificial chemicals - (เกษตรกรรม)เชิงชีวภาพ

ousted: forced out of a position of power - ขับออกจากอำนาจ

output: the amount of something produced - ปริมาณ(กระแสไฟฟ้า)ที่ผลิตขึ้น

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

partner: two people, businesses, organizations, etc that work together on some project or business - ผู้ร่วมมือ, ผู้ร่วมกระทำ

pattern: a series of actions or events that together show how things normally happen or are done -

prediction: a statement about what you think will happen in the future - คำพยากรณ์,คำทำนาย,การพยากรณ์

producer: a person, a company or a country that grows or makes food, goods or materials - ผู้ผลิต

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

promising: likely to be successful or very good - มีอนาคตดี,มีความหวัง

prospect: the possibility that something will happen - ความคาดหวัง ความหวังข้างหน้า อนาคต

quality: the standard of something when it is compared to other things like it; how good or bad something is - คุณภาพ

record: the best or most ever achieved - สถิติ

release: the act of making something available to the public - การนำออกแสดง, การออกวางจำหน่าย

remain: to still be present after the other parts have been removed, used, etc; to continue to exist - ยังเหลืออยู่

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

Securities and Exchange Commission: the government agency, under the Finance Ministry which oversees and regulates Thailand’s capital markets. - คณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์

share: any of the units of equal value into which a company is divided and sold to raise money. People who own shares receive part of the company's profits - หุ้น

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

skip: to not do something that you usually do or that you should do; to avoid - ไม่เข้าร่วม, ขาด

somewhat: partly but not completely - บ้าง, บางส่วน

source: to get something from a particular place -

speculation: ideas or discussion about what might happen or has happened or why something has happened without having complete information - การคาดการณ์

state: government - รัฐ

stockpile: a large collection of things that may be needed - สิ่งที่เก็บสะสมไว้ คลังสินค้า

supplier: a person or company that supplies goods - ผู้จัดหาสิ่งของให้, ผู้ผลิตสินค้าและวัตถุดิบ

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

surpass: to do or be better than somebody/something - เหนือกว่า, เก่งกว่า, ดีกว่า, เกินกว่า

surplus: more than is needed - เหลือเกิน, ส่วนที่เกิน

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

tumble: to fall down - ล้ม,ล้มลง,ตกลง,หกคะเมน

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

vendor: someone who sells something, but often not in a shop - พ่อค้าแม่ค้าแผงลอย

venue: a place where a public event or meeting takes place - สถานที่ชุมนุม

visitor: a person who goes to a place for a short time; a tourist or guest - นักท่องเที่ยว, ผู้มาเยี่ยม, ผู้มาเยือน

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