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    <title>Profile of top rubber hose and parts producer in Thailand (13-09-10)</title>
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    <summary> Profile of top rubber parts and hose producer in Thailand By Jon Fernquest [Download: MP3 Audio for article starting below] Today&apos;s Bangkok Post profiles one of Thailand&apos;s top rubber producers: NCR Rubber located in Rayong. The article begins after...</summary>
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        <name>Jon Fernquest</name>
        
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<h3 style="font-family: Georgia;"><span
 style="font-style: italic;">Profile</span> of top <span
 style="font-style: italic;">rubber </span>parts and<span
 style="font-style: italic;"> hose</span> producer in
Thailand</h3>
<span style="font-family: Georgia;">By Jon Fernquest <br>
<br>
[Download: <a
 href="http://www.readbangkokpost.com/business/rubberpartscompany.mp3">MP3
Audio</a> for article starting below]<br>
</span><br style="font-family: Georgia;">
<img style="border: 1px solid ; float: right; font-family: Georgia;"
 alt="plastic water hoses"
 src="http://www.readbangkokpost.com/business/plasticwaterhoses.jpg"
 hspace="5"><span style="font-family: Georgia;">Today's
Bangkok Post profiles one of Thailand's top rubber producers:</span><span
 style="font-weight: bold; font-family: Georgia;"> NCR Rubber</span><span
 style="font-family: Georgia;"> located in Rayong.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The article begins
after the vocabulary.<br>
<br>
Photo on right of rubber water <span style="font-weight: bold;">hoses</span>
stacked in the factory before being shipped out to customers. <br>
</span><span style="font-weight: bold; font-family: Georgia;"><br>
</span>
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">NCR Rubber -</span> a
rubber parts company
located in Rayong that opened its first factory in 1962 and produces
many products including "industrial and automotive rubber hoses,
mandrel-built hoses, rubber expansion joints, marine fenders, bridge
bearing pads, rubber and sponge profiles, silicone tubes and profiles,
and moulded rubber parts" (See <a
 href="http://www.ncr-rubber.com/index.php/About">website</a>)
&nbsp;ยาง<span style="font-weight: bold;"><br>
</span><b>rubber</b> - a highly elastic substance
used to cushion blows (See Wikipedia on <a
 href="http://en.wikipedia.org/wiki/Natural_rubber">natural
rubber from trees</a> and <a
 href="http://en.wikipedia.org/wiki/Synthetic_rubber">synthetic
man-made rubber</a>)<br>
<span style="font-weight: bold;">hose -</span> a
long hollow tube used to carry fluids (such as water) from one location
to another location (See photo on right and <a
 href="http://en.wikipedia.org/wiki/Hose_%28tubing%29">Wikipedia</a>)
&nbsp;สายยาง<br>
<span style="font-weight: bold;">hollow - </span>having
nothing inside<span style="font-weight: bold;"> </span>เป็นโพรง,เป็นหลุม<span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span" style="font-size: 13px;"></span></span><br
 style="font-weight: bold;">
<span style="font-weight: bold;">fluid - </span>a
liquid (a subtance that can flow, has no fixed shape and not a solid or
gas (<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span" style="font-size: 13px;">น้ำ</span></span>
but not just "water")&nbsp;<span style="font-weight: bold;">&nbsp;</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 18px;"><a
 href="http://www.macmillandictionary.com/search/british/direct/?q=gas"
 class="QUERY" title="gas"
 style="border-width: 0px; margin: 0px; padding: 0px; font-size: 1em; text-decoration: none; color: black;"></a></span></span><br>
<span style="font-weight: bold;">elastic - </span>a
material that stretches easily and returns to its original shape
quickly (See <a href="http://en.wikipedia.org/wiki/Rubber">Wikipedia</a>)<span
 style="font-weight: bold;"><br>
cushion a blow - </span>reducing
the force of one thing hitting another thing (example: the rubber
bumpers on the front and rear of the bus reduce damage if the bus hits
something)<br>
<span style="font-weight: bold;">profile -</span> a
short article or video programme describing the life and work of a
person or organization<span style="font-weight: bold;"> </span><br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Economics
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;">Rubber parts <b
 style="font-style: italic;">demand</b> on rise
</h4>
<span style="font-style: italic; font-family: Georgia;">Maker
sees sales </span><b
 style="font-style: italic; font-family: Georgia;">double</b><span
 style="font-style: italic; font-family: Georgia;"> in three
years
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">13/09/2010
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">Walailak
Keeratipipatpong
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">N.C.R.
Rubber Co</span><span style="font-family: Georgia;">,
one of Thailand's largest </span><b
 style="font-family: Georgia;">rubber</b><span
 style="font-family: Georgia;"> product manufacturers, is </span><b
 style="font-family: Georgia;">upbeat</b><span
 style="font-family: Georgia;"> about the continued </span><b
 style="font-family: Georgia;">bright</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">outlook</b><span
 style="font-family: Georgia;"> for </span><b
 style="font-family: Georgia;">construction</b><span
 style="font-family: Georgia;">, projecting its sales to
double to 6 billion baht over the next three years.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">There are about two to
three metres of rubber hose in a car. Though they are tiny, a </span><b
 style="font-family: Georgia;">vehicle</b><span
 style="font-family: Georgia;"> could not run without them,’’
Mr Suwat said.</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The </span><span
 style="font-weight: bold; font-family: Georgia;">construction
boom</span><span style="font-family: Georgia;">,
driven by the </span><b
 style="font-weight: bold; font-family: Georgia;">economic
recovery</b><span style="font-family: Georgia;"> and
the government's plan to continue with </span><b
 style="font-family: Georgia;">massive</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">infrastructure</b><span
 style="font-family: Georgia;"> projects, particularly </span><b
 style="font-family: Georgia;">mass</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">transit</b><span
 style="font-family: Georgia;">, </span><b
 style="font-weight: bold; font-family: Georgia;">benefits</b><span
 style="font-weight: bold; font-family: Georgia;"> </span><b
 style="font-weight: bold; font-family: Georgia;">raw</b><span
 style="font-weight: bold; font-family: Georgia;">
construction materials</span><span
 style="font-family: Georgia;"> industries, said NCR managing
director Suwat Boonbandansook.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>demand</b>
- the need and desire to buy goods and services by households and
businesses<br>
<b>double</b> - to become twice as big, twice as much or
twice as many เพิ่มเป็นสองเท่า<span style="font-weight: bold;"><br>
</span><b>upbeat</b> - happy and positive because you
are confident that you will get what you want มีความหวัง<br>
<b>outlook</b> - what people think will happen in the
future อนาคตที่คาดไว้ ภาพรวม อนาคต<br>
<b>bright outlook - </b>people think the future will be
good<b> </b><br>
<b>construction</b> - the work of building or making
something, especially buildings, bridges, etc. การก่อสร้าง<br>
<b>vehicle</b> - a car, bus, van, truck, etc. ยานพาหนะ<br>
<span style="font-weight: bold;">construction boom - </span>time
when many buildings are being built <br>
<b>economic recovery</b> - when the economy gets better
(more jobs, higher incomes) การฟื้นฟูสภาพ<br>
<b>massive</b> - very large มหาศาล, ใหญ่โต<br>
<b>infrastructure</b> - the high-cost facilities that
everyone in the economy shares (water, roads, electricity, trains)
สาธารณูปโภค<br>
<b>mass</b> - large numbers จำนวนมหาศาล<br>
<b>transit</b> - the act of moving from one place to
another การเดินทางผ่าน<br>
<span style="font-weight: bold;">mass transit - </span>transportation
system such as buses, subway and/or trains, moving large numbers of
people around a city (See Wikipedia on <a
 href="http://en.wikipedia.org/wiki/Public_transport">public
transport</a> and <a
 href="http://en.wikipedia.org/wiki/Rapid_transit">rapid
transit</a>)<br>
<b>benefit</b> (verb) - when an activity does good things
for someone ผลประโยชน์<br>
<b>raw</b> - materials in their natural state before being
processed or used in manufacturing<br>
<span style="font-weight: bold;">construction materials -</span>
building materials, materials such as cement, concrete and iron bars,
rods and girders used to build buildings (See <a
 href="http://en.wikipedia.org/wiki/Building_material">Wikipedia</a>)<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">For example, the
government's promotion of </span><b
 style="font-weight: bold; font-family: Georgia;">gasohol </b><span
 style="font-weight: bold; font-family: Georgia;">fuel</span><span
 style="font-family: Georgia;"> helps the company because it
is the first gasohol fuel hose </span><b
 style="font-family: Georgia;">producer</b><span
 style="font-family: Georgia;"> in Thailand.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The product can </span><b
 style="font-family: Georgia;">accommodate</b><span
 style="font-family: Georgia;"> either</span><span
 style="font-weight: bold; font-family: Georgia;"> E20</span><span
 style="font-family: Georgia;"> or </span><span
 style="font-weight: bold; font-family: Georgia;">E85</span><span
 style="font-family: Georgia;"> </span><span
 style="font-weight: bold; font-family: Georgia;">gasohol
pumps</span><span style="font-family: Georgia;"> and
</span><span style="font-weight: bold; font-family: Georgia;">beefs
up </span><span style="font-family: Georgia;">NCR's</span><span
 style="font-weight: bold; font-family: Georgia;"> </span><b
 style="font-weight: bold; font-family: Georgia;">role</b><span
 style="font-family: Georgia;"> in the automotive industry.
For </span><b style="font-family: Georgia;">decades</b><span
 style="font-family: Georgia;"> its </span><b
 style="font-family: Georgia;">joint</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">venture</b><span
 style="font-family: Georgia;">, Bridgestone NCR Co, with the
Japanese tyremaker Bridgestone manufactured non-tyre rubber products
such as air-conditioning hoses and anti-</span><span
 style="font-weight: bold; font-family: Georgia;">vibration</span><span
 style="font-family: Georgia;"> rubber parts.
</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"></span><br
 style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>promotion</b>
- giving an employee a higher position or job than they already have<br>
<b>gasohol fuel </b><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space"></span>- a mixture of
ethanol with gasoline (See Wikipedia on<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Gasohol"
 style="text-decoration: underline; color: rgb(51, 102, 204);">common
ethanol fuel mixtures</a>)</span></span><br>
<b>producer</b> - a company that makes a certain product in
their factories&nbsp; ผู้ผลิต<br>
<b>accommodate</b> - is able to accept (here: able to
accept gasohol as fuel to make the car work) <br>
<span style="font-weight: bold;">ethanol&nbsp;</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">-</span> "the most widely
used renewable biofuel today. Ethanol is made by converting starch
crops into sugars, the sugars are fermented into ethanol which is then
distilled into its final form" (See Wikipedia on<a
 href="http://en.wikipedia.org/wiki/Ethanol_fuel"
 style="text-decoration: underline; color: rgb(51, 102, 204);">ethanol
fuel</a>)</span></span><br>
<span style="font-weight: bold;">E20 -</span> 20%
ethanol mixed with 80% gasoline<span style="font-weight: bold;">
</span><br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">E85</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space">&nbsp;</span>- an
ethanol fuel mixture of around 85% ethanol and 15% gasoline, widely
used as a fuel in Brazil and Sweden, becoming increasingly common in
the United States, mainly in the Midwest where corn is a major crop,
there are about 1500 gasoline stations selling E85 to the public in the
US (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/E85"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)<br>
</span></span><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><b>eco
fuel, alternative fuels, biofuels, biofuel substitutes for gasoline</b><span
 class="Apple-converted-space">&nbsp;</span>-
gasoline substitutes such as ethanol from agricultural crops such as
sugar, corn, cassava, or palm oil (See Wikipedia on<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Biofuel"
 style="text-decoration: underline; color: rgb(51, 102, 204);">biofuels</a>,<a
 href="http://en.wikipedia.org/wiki/Biodiesel"
 style="text-decoration: underline; color: rgb(51, 102, 204);">biodiesel</a>,
and<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Category:Energy_crops"
 style="text-decoration: underline; color: rgb(51, 102, 204);">list
of energy crops</a>)<br>
<span style="font-weight: bold;">gasoline pumps - </span>the
machine at a gas station used to put gasoline into cars <br>
</span></span><span style="font-weight: bold;">gasohol
pumps - </span>like gasoline pumps but<span
 style="font-style: italic;"> puts gasohol in cars</span>
instead <br>
<span style="font-weight: bold;">beefs up - </span>makes
greater, strengthens&nbsp; <span style="font-weight: bold;"></span><b
 style="font-weight: bold;"></b><br>
<b>role</b> - the position or purpose that someone or
something has in a situation, organisation, society or relationship
บทบาท<br>
<b>decades</b> - periods of ten years เป็นสิบๆปี<br>
<b>joint</b> -&nbsp;do some activity or project
together; belonging to or shared between two or more people
ความร่วมมือกัน<br>
<b>venture</b> - a new activity, usually in business, which
involves risk or uncertainty ธุริกิจเสี่ยงแต่สามารถทำกำไรได้<br>
<span style="font-weight: bold;">vibration - </span>a
very small shaking movement that is fast and continuous <br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">"There
are about two to three metres of rubber hose in a car. Though they are
tiny, a vehicle could not run without them," Mr Suwat said.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Government plans for
more </span><b
 style="font-weight: bold; font-family: Georgia;">mass rapid</b><span
 style="font-weight: bold; font-family: Georgia;"> transit</span><span
 style="font-family: Georgia;"> in the </span><b
 style="font-family: Georgia;">capital</b><span
 style="font-family: Georgia;"> with 88 billion baht worth of
</span><b style="font-weight: bold; font-family: Georgia;">extension</b><span
 style="font-weight: bold; font-family: Georgia;"> lines</span><span
 style="font-family: Georgia;">, as well as the Rangsit-Bang
Sue </span><b style="font-family: Georgia;">route</b><span
 style="font-family: Georgia;"> that costs about 70 billion
baht, should </span><b style="font-family: Georgia;">benefit</b><span
 style="font-family: Georgia;"> the company as it supplies
bridge bearing parts, pot bearings, and rubber</span><b
 style="font-weight: bold; font-family: Georgia;"> expansion</b><span
 style="font-weight: bold; font-family: Georgia;"> joints</span><span
 style="font-family: Georgia;"> for heavy-use industries.
</span><br style="font-family: Georgia;">
<b style="font-weight: bold; font-family: Georgia;"><br>
</b>
<div style="margin-left: 40px; font-family: Georgia;"><b
 style="font-weight: bold;">mass rapid</b><span
 style="font-weight: bold;"> transit - </span>same as
"mass transit" above (but stressing that it is "quick")<br>
<b>rapid</b> - very fast, happening quickly อย่างรวดเร็ว<br>
<b>capital</b> - money invested in a business<br>
<b>extension</b> - an increase in the power of effect of
something ขยายขอบเขตออกไป<br>
<b style="font-weight: bold;">extension</b><span
 style="font-weight: bold;"> lines - </span>extra
train lines to go to more places farther away<span
 style="font-weight: bold;"> </span><br>
<span style="font-weight: bold;"></span><b>route</b>
- the way that planes, buses, trains, or ships travel regularly
เส้นทางของรถ เรือ เครื่องบิน,etc.<br>
<b>benefit</b> - to help someone มีประโยชน์ต่อ<br>
<span style="font-weight: bold;">bearing -</span> a
mechanical part that separates moving parts and is able to bear a load
(See <a href="http://en.wikipedia.org/wiki/Bearing_%28mechanical%29">Wikipedia</a>)<br>
<span style="font-weight: bold;">bear a load - </span>carry
or&nbsp;holding up something heavy<span
 style="font-weight: bold;"> <br>
bridge bearing - </span>(civil engineering) "The support at a
bridge pier carrying the weight of the bridge; may be fixed or seated
on expansion rollers" (Source: <a
 href="http://www.answers.com/topic/bridge-bearing">Answers.com</a>)<br>
<span style="font-weight: bold;">pot bearings -</span>
(civil engineering) another kind of "bearing" (See<a
 href="http://www.engineeringcivil.com/under-what-situation-should-engineers-use-pot-bearings-instead-of-elastomeric-bearings.html">
article</a>, challenge: find definition of this term on the web)<span
 style="font-weight: bold;"> </span><br>
<span style="font-weight: bold;"></span><b>expansion</b>
- when something increases in size, number or importance การขยายออก<span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">joint - </span>a
connection, a place where two parts of something are connected <br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">The
improved economy and the infrastructure programme has attracted more
foreign </span><b style="font-family: Georgia;">investment</b><span
 style="font-family: Georgia;"> to Thailand and NCR has been
a </span><span
 style="font-weight: bold; font-family: Georgia;">recipient</span><span
 style="font-family: Georgia;">, helped by its 50 years in
business with an </span><b style="font-family: Georgia;">intensive</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">strategy</b><span
 style="font-family: Georgia;"> to </span><b
 style="font-family: Georgia;">brand</b><span
 style="font-family: Georgia;"> itself as a hose specialist. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">NCR now uses para and
synthetic rubber to feed its 5,000-tonne </span><b
 style="font-family: Georgia;">annual</b><span
 style="font-family: Georgia;"> </span><b
 style="font-weight: bold; font-family: Georgia;">production
capacity</b><span style="font-family: Georgia;">,
which mainly produces 12-13 million metres of hose for </span><b
 style="font-family: Georgia;">domestic</b><span
 style="font-family: Georgia;"> and export markets. Its
export markets cover 55 countries, in 25 of which it sells products
under the NCR brand. Overseas markets will </span><b
 style="font-family: Georgia;">contribute</b><span
 style="font-family: Georgia;"> a </span><b
 style="font-family: Georgia;">significant</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">chunk</b><span
 style="font-family: Georgia;"> of the company's 3 billion
baht in sales </span><b style="font-family: Georgia;">revenue</b><span
 style="font-family: Georgia;"> this year, he said.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>investment</b>
- taking your money and putting it into projects to make a profit or
earn interest (buying stock shares, bonds, real estate)<br>
<span style="font-weight: bold;">recipient - </span>a
person who receives something<span style="font-weight: bold;">
</span><br>
<b>intensive</b> - involving a lot of effort, energy, or
attention<br>
<b>strategy</b> - a plan to achieve a goal over a longer
period of time (longer than a "tactic")<br>
<b>brand</b> (noun) - a type of product made by a
particular company ตรา, ยี่ห้อ<br>
<b>brand</b> (verb) - create a name for some product (so
people can start identifying it and thinking about it) <br>
<b>annual</b> - happening once a year ประจำปี<br>
<b>production capacity</b> - the amount of something that
can be produced ความสามารถในการ (ผลิต)<br>
<b>domestic</b> - ในประเทศ within the country<br>
<b>contribute</b> - when one person among many gives things
(resources) to a project <br>
<b>significant</b> - important สำคัญ<br>
<b>chunk</b> - a part of something<br>
<span style="font-weight: bold;">contribute a significant
chunk -</span> give many important things (resources) to a
project &nbsp; <br>
<b>revenue</b> - income from taxes or business activities
รายได้<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Demand this year
ensures the company will be able to increase production at its </span><b
 style="font-weight: bold; font-family: Georgia;">manufacturing
facility</b><span style="font-family: Georgia;"> in
Rayong by 25% next year to supply more than 14 million metres of hose.
The company aims to increase sales of NCR brand products to 40
countries within three years.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Kenya is the latest </span><b
 style="font-family: Georgia;">destination</b><span
 style="font-family: Georgia;"> with </span><b
 style="font-weight: bold; font-family: Georgia;">strong
market potential</b><span style="font-family: Georgia;">
because of the mining industry, which requires strong mandrel-built
hoses.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The company uses </span><b
 style="font-family: Georgia;">natural</b><span
 style="font-family: Georgia;"> rubber products from the
South, where white, </span><b
 style="font-weight: bold; font-family: Georgia;">fine</b><span
 style="font-weight: bold; font-family: Georgia;"> quality
rubber</span><span style="font-family: Georgia;"> is
made.</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Our products are found
in gardening hoses, </span><b
 style="font-weight: bold; font-family: Georgia;">fire</b><span
 style="font-weight: bold; font-family: Georgia;">
extinguishers</span><span style="font-family: Georgia;">,
and even </span><span
 style="font-weight: bold; font-family: Georgia;">insecticide</span><span
 style="font-family: Georgia;"> cans that use </span><b
 style="font-weight: bold; font-family: Georgia;">premium</b><span
 style="font-weight: bold; font-family: Georgia;"> grade
rubber</span><span style="font-family: Georgia;">,"
he said.</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">However, he manages
the </span><b style="font-family: Georgia;">risk</b><span
 style="font-family: Georgia;"> </span><span
 style="font-weight: bold; font-family: Georgia;">stemming
from</span><span style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">volatile</b><span
 style="font-family: Georgia;"> para rubber prices by
allowing the use of synthetic rubber in the production </span><b
 style="font-family: Georgia;">process.</b><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>facility</b>
- a building used for a particular purpose<br>
<b style="font-weight: bold;">manufacturing facility - </b>a
factory, a building used for making goods (manufacturing goods)<br>
<b>destination</b> - the place where someone is going
จุดหมายปลายทาง<br>
<span style="font-weight: bold;">destination -</span>
a place where tourists go <br>
<b>potential</b> - the possibility of success ที่มีศักยภาพ
ที่เป็นไปได้<br>
<b style="font-weight: bold;">strong market potential -</b>
has a good chance of being sold to many customers in a market (and
gaining a large market share of the market)<br>
<b>natural</b> - found in nature (not made in a factory by
humans) ตามธรรมชาติ<br>
<b style="font-weight: bold; font-style: italic;">fine</b><span
 style="font-weight: bold;"><span
 style="font-style: italic;"> </span>quality rubber - </span><span
 style="font-style: italic;">high</span> quality rubber
<br>
<b style="font-weight: bold;">fire</b><span
 style="font-weight: bold;"> extinguishers - </span>a
can of chemicals used to spray on a fire, to end (put out) the fire<span
 style="font-weight: bold;"> </span><br>
<span style="font-weight: bold;">insecticide - </span>chemicals
to kill insects <br>
<b>premium</b> - the highest (the highest price for the
highest quality) <br>
<span style="font-weight: bold;">premium grade - </span>the
highest level of quality of a product offered by a company <br>
<b style="font-weight: bold;">premium</b><span
 style="font-weight: bold;"> grade rubber - </span>the
highest level of quality of rubber you can buy <span
 style="font-weight: bold;"></span><br>
<b>risk</b> - danger, how likely or possible it is for a
bad event that causes harm and damage ความเสี่ยง<br>
<span style="font-weight: bold;">stemming from - </span>coming
from, being caused by<span style="font-weight: bold;"> </span><br>
<b>volatile</b> - changing quickly and unpredictably, so
that the public does not know how to react and plan for the future
เปลี่ยนแปลงอย่างทันทีทันใดและโดยคาดการณ์ไม่ได้<br>
<b>volatile</b> - sudden and unexpected large movements
(unpredictable)<br>
<b>process</b> - a series of actions that you take in order
to achieve a result แนวทางปฏิบัติ, กระบวน, วิธีการ<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source: </span><span
 style="font-family: Georgia;">Bangkok Post,&nbsp;Rubber
parts </span><b
 style="font-style: italic; font-family: Georgia;">demand</b><span
 style="font-family: Georgia;"> on rise</span><span
 style="font-style: italic; font-family: Georgia;">, Maker
sees sales </span><b
 style="font-style: italic; font-family: Georgia;">double</b><span
 style="font-style: italic; font-family: Georgia;"> in three
years, </span><span style="font-family: Georgia;">13/09/2010,
Walailak Keeratipipatpong, link)&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<br style="font-family: Georgia;">
</body>
</html>
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</entry>
<entry>
    <title>CAT&apos;s labour union using lawsuits to block Thailand&apos;s September 3G auction (10-09-10))</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/media_and_telecommunications/cats_labour_union_using_lawsui.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12294" title="CAT's labour union using lawsuits to block Thailand's September 3G auction (10-09-10))" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12294</id>
    
    <published>2010-09-10T07:19:32Z</published>
    <updated>2010-09-10T07:30:27Z</updated>
    
    <summary> CAT&apos;s labour union using lawsuits to block Thailand&apos;s September 3G auction By Jon Fernquest [Download: MP3 Audio for article starting below] Will the never ending legal battle over how the 3G pie of economic rents will be divided ever...</summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Media and Telecommunications" />
    
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 http-equiv="content-type">
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<body>
<h3 style="font-family: Georgia;">CAT's <span
 style="font-style: italic;">labour union</span> using
lawsuits to block Thailand's September 3G auction </h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">[Download: </span><a
 style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/business/3Gcatunionlawsuit.mp3">MP3
Audio</a><span style="font-family: Georgia;"> for
article starting below]</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img style="border: 1px solid ; float: right; font-family: Georgia;"
 alt="CAT Telecom building"
 src="http://www.readbangkokpost.com/business/catbuilding.jpg"
 hspace="5"><span style="font-family: Georgia;">Will
the never ending legal battle over how the </span><span
 style="font-weight: bold; font-family: Georgia;">3G</span><span
 style="font-family: Georgia;"> pie of </span><span
 style="font-weight: bold; font-family: Georgia;">economic
rents</span><span style="font-family: Georgia;">
will be divided ever end? </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">CAT</span><span
 style="font-family: Georgia;"> and </span><span
 style="font-weight: bold; font-family: Georgia;">TOT</span><span
 style="font-family: Georgia;"> are Thailand's two </span><span
 style="font-weight: bold; font-family: Georgia;">monolithic</span><span
 style="font-family: Georgia;"> state run</span><span
 style="font-weight: bold; font-family: Georgia;">
telecommunications monopolies.<br>
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">They depend largely on
mobile phone </span><span
 style="font-weight: bold; font-family: Georgia;">concession</span><span
 style="font-family: Georgia;"> fees paid to them from mobile
phone operators such as AIS and DTAC for their continued existence. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Many argue that these
two gigantic monopolies should at least be </span><span
 style="font-weight: bold; font-family: Georgia;">scaled down</span><span
 style="font-family: Georgia;"> to a size more </span><span
 style="font-weight: bold; font-family: Georgia;">commensurate
with</span><span style="font-family: Georgia;">
their contribution to the economy, if not eliminated entirely. </span><span
 style="font-weight: bold; font-family: Georgia;"><br>
<br>
</span><span style="font-family: Georgia;">Thailand
is finally slated to have a 3G </span><span
 style="font-weight: bold; font-family: Georgia;">auction</span><span
 style="font-family: Georgia;"> on September 20 but CAT's </span><span
 style="font-weight: bold; font-family: Georgia;">labour union</span><span
 style="font-family: Georgia;"> is trying hard to block the
auction with a </span><span
 style="font-weight: bold; font-family: Georgia;">barrage</span><span
 style="font-family: Georgia;"> of </span><span
 style="font-weight: bold; font-family: Georgia;">lawsuits</span><span
 style="font-family: Georgia;">. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">That is what today's
article is about which begins after the vocabulary below. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Photo on right is
CAT's corporate headquarters in Bangkok. </span><br
 style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span>
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;">3G</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space">&nbsp;</span>-
third generation mobile&nbsp;phone, &nbsp;the next level of
mobile phone services
beyond the current second generation (2G), supports broadband internet,
supports greater numbers of voice and data customers especially in
urban areas (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/3G"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia
on 3G</a>)</span></span><br>
<span style="font-weight: bold;">economic rent - </span>excess
returns above&nbsp;normal levels or what is really needed because
there is a lack of competition in a market and some participants have
exclusive privileges, more technically in economics the definition
runs, "an excess distribution to any factor in a production process
above the amount required to draw the factor into the process or to
sustain the current use of the factor" or "a return in excess of the
resource owner's opportunity cost"<span style="font-weight: bold;">
</span>(See <a
 href="http://en.wikipedia.org/wiki/Economic_rent">Wikipedia</a>)<span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">CAT,<span
 class="Apple-converted-space">&nbsp;</span></span><span
 style="font-weight: bold;">CAT Telecom</span><span
 style="font-weight: bold;"><span
 class="Apple-converted-space">&nbsp;</span>-&nbsp;</span><span
 class="Apple-converted-space">&nbsp;</span>the
Thai state-owned telecommunications company that owns Thailand’s
international telecommunications infrastructure including its
international gateways, satellite and submarine cable networks
connections. Until recently, CAT had a monopoly on international
telephony and CDMA mobile telephony. CAT partners with sister
state-enterprise TOT to provide a GSM mobile service and with Hutchison
to provide a CDMA mobile service. Corporatized in July 2003, CAT
Telecom used to be known as the Communications Authority of Thailand
(See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/CAT_Telecom"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">monolithic - </span>a
very large and powerful organization or system that is not willing to
change<span style="font-weight: bold;"> </span><br>
<span style="font-weight: bold;">telecommunications - </span>dealing
with telephones
การโทรคมนาคม หมายถึง การสื่อสารทางไกลโดยใช้โทรศัพท์ เคเบิล โทรทัศน์
วิทยุและโทรเลข<br>
<span style="font-weight: bold;">monopoly - </span>a
company that has complete control over a market for a service or a good
because it is the only company that provides it <span
 style="font-weight: bold;"></span><br>
<b>concession</b> - official permission from the government
to do a certain type of business or activity สัมปทาน<span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">scaled down</span>
- reduced in size <span style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">commensurate with... - </span>suitable
and matching the value or position&nbsp;of... <span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><br>
<b>auction</b> - 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 (See <a
 href="http://en.wikipedia.org/wiki/Auction"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)<br>
<span style="font-weight: bold;">labour union - </span>an
organization that represents workers in an industry trying to get them
better pay, benefits and work conditions (See <a
 href="http://en.wikipedia.org/wiki/Trade_union">Wikipedia</a>)<span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">barrage</span> - an
attack with guns fired and bombs dropped for a long period of time <span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><br>
<b>lawsuit</b> - a case that a court of law is asked to
decide
involving a disagreement between two people or organisations
คดีที่อยู่ในระหว่างการฟ้องร้อง<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Local News
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;"><span
 style="font-style: italic;">3G</span> hopes face new<span
 style="font-style: italic;"> legal </span><b
 style="font-style: italic;">hurdle</b>
</h4>
<span
 style="font-style: italic; font-weight: bold; font-family: Georgia;">Union</span><span
 style="font-style: italic; font-family: Georgia;"> wants </span><span
 style="font-weight: bold; font-style: italic; font-family: Georgia;">CAT</span><span
 style="font-style: italic; font-family: Georgia;"> to ask
court to </span><span
 style="font-weight: bold; font-style: italic; font-family: Georgia;">halt
licence bid</span><span
 style="font-style: italic; font-family: Georgia;">
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">9/09/2010
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">Post Reporters
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Thailand's hopes for </span><b
 style="font-weight: bold; font-family: Georgia;">third
generation</b><span
 style="font-weight: bold; font-family: Georgia;"> mobile
phone</span><span style="font-family: Georgia;">
services face another </span><b style="font-family: Georgia;">potential</b><span
 style="font-family: Georgia;"> </span><b
 style="font-weight: bold; font-family: Georgia;">legal
obstacle</b><span style="font-family: Georgia;">
after </span><span
 style="font-weight: bold; font-family: Georgia;">CAT Telecom</span><span
 style="font-family: Georgia;">'s labour union said it will </span><b
 style="font-family: Georgia;">pressure</b><span
 style="font-family: Georgia;"> the company to </span><b
 style="font-family: Georgia;">file</b><span
 style="font-family: Georgia;"> a </span><b
 style="font-family: Georgia;">lawsuit</b><span
 style="font-family: Georgia;"> with the </span><span
 style="font-weight: bold; font-family: Georgia;">Administrative
Court</span><span style="font-family: Georgia;"> to
stop the </span><b style="font-family: Georgia;">auction</b><span
 style="font-family: Georgia;"> of </span><span
 style="font-weight: bold; font-family: Georgia;">3G licences</span><span
 style="font-family: Georgia;"> on Sept 20.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The court yesterday </span><b
 style="font-family: Georgia;">dismissed</b><span
 style="font-family: Georgia;"> a lawsuit by the union to </span><b
 style="font-weight: bold; font-family: Georgia;">stall</b><span
 style="font-weight: bold; font-family: Georgia;"> the </span><b
 style="font-weight: bold; font-family: Georgia;">process</b><span
 style="font-family: Georgia;"> </span><b
 style="font-weight: bold; font-family: Georgia;">on the
grounds</b><span
 style="font-weight: bold; font-family: Georgia;"> that</span><span
 style="font-family: Georgia;"> the union was not directly
damaged and therefore did not have the right to file the case.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"></span></span><b
 style="font-weight: bold;">third generation</b><span
 style="font-weight: bold;"> mobile phone - </span>same
as "3G" above <span style="font-weight: bold;"></span><br>
<b>licence</b> - official permission from government to do
a business or some activity<br>
<span style="font-weight: bold;">3G licence - </span>official
permission from the government for a company to sell 3G mobile phone
service<span style="font-weight: bold;"> </span><br>
<b>hurdle</b> - a problem that you must solve before you
can do something successfully อุปสรรค<br>
<span style="font-weight: bold;">legal hurdle - </span>a
legal problem that must be solved before a project can go forward <span
 style="font-weight: bold;"></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"></span></span><br>
<b>halt</b> - to stop หยุด<span
 style="font-weight: bold;"></span><br>
<b>bid</b> - an attempt to do something ความพยายาม<br>
<b>potential</b> - possible ความเป็นไปได้<br>
<b>obstacle</b> - a difficulty or problem that prevents you
from achieving something อุปสรรค ขวากหนาม<br>
<b>legal obstacle - </b>a legal problem that prevents you
from achieving your goal <br>
<b>pressure</b> - trying to force someone to do something<br>
<b>file</b> - to take official action, in this case, to
make an official complaint ยื่นคำร้อง<span style="font-weight: bold;"></span><span
 style="font-weight: bold;"><br>
</span><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">Administrative Court</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 15px; line-height: 21px;"><b><span></span></b><span
 class="Apple-converted-space"><span
 class="Apple-converted-space">&nbsp;</span>-</span><span
 class="Apple-converted-space">&nbsp;</span>the
court which deals with disputes between the private sector and
government agencies ศาลปกครอง<b><span><o:p></o:p></span></b><span
 class="Apple-converted-space">&nbsp;</span></span></span></span></span><br>
<b>dismiss</b> - official decision by a court that a legal
case in the court should end and not continue <br>
<b>stall</b> - when a process stops temporarliy due to
problems<br>
<b>process</b> - a series of actions that you take in order
to achieve a result แนวทางปฏิบัติ, กระบวน, วิธีการ<br>
<span style="font-weight: bold;">stall the process -</span>
prevent the process from completing <br>
<b>grounds</b> - reasons for what you say or do
บนมูลเหตุว่า บนพื้นฐานว่า<br>
<span style="font-weight: bold;">on the grounds that... -</span>
for the reason that...<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The union claimed in
its lawsuit that the National Telecommunications Commission (NTC) did
not have the </span><b style="font-family: Georgia;">authority</b><span
 style="font-family: Georgia;"> to organise the auction. It
sought </span><b style="font-family: Georgia;">provisional</b><span
 style="font-family: Georgia;"> legal protection for CAT
Telecom while its </span><b style="font-family: Georgia;">petition</b>
was being heard in court.<br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The Administrative
Court said in its </span><b style="font-family: Georgia;">ruling</b><span
 style="font-family: Georgia;"> yesterday
the CAT union was not directly damaged by the auction. The union was
merely a juristic body that was set up to protect the </span><b
 style="font-family: Georgia;">interests</b><span
 style="font-family: Georgia;"> of employees, not of the
company.</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Both the private
mobile phone </span><b style="font-family: Georgia;">operators</b><span
 style="font-family: Georgia;"> and the </span><b
 style="font-family: Georgia;">national</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">telecom</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">regulator</b><span
 style="font-family: Georgia;"> expressed </span><b
 style="font-family: Georgia;">relief</b><span
 style="font-family: Georgia;"> after learning of the court's
ruling.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>authority</b>
- the power to make decisions or tell people what to do อำนาจ,
อำนาจในการสั่งการ<br>
<b>provisional</b> - for the present time but likely to
change; temporary ชั่วคราว,เฉพาะกาล<br>
<b>petition</b> - to ask someone in authority to do
something ยื่นคำร้อง<br>
<b>petition</b> - a formal request for action to be taken,
made to a court of law การยื่นอุทธรณ์<br>
<b>ruling</b> - a decision by a court of law คำตัดสิน
คำชี้ขาด<br>
<b>interests</b> - connections that you may benefit from or
lose from, therefore affects your attitude to it and the way you deal
with it<br>
<b>operators</b> - companies running a certain kind
of&nbsp; business<br>
<b>national</b> - for the whole country, all over the whole
country <br>
<b>telecom</b> - telecommunications, dealing with
telephones
การโทรคมนาคม หมายถึง การสื่อสารทางไกลโดยใช้โทรศัพท์ เคเบิล โทรทัศน์
วิทยุและโทรเลข<br>
<b>regulator</b> - an official who makes certain that the
companies who operate a system work effectively and fairly
ผู้มีอำนาจควบคุม<br>
<b>relief</b> - a feeling of happiness that something
unpleasant has not happened or has ended การผ่อนคลาย<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The 3G bid is </span><b
 style="font-family: Georgia;">scheduled</b><span
 style="font-family: Georgia;"> to </span><span
 style="font-weight: bold; font-family: Georgia;">kick off</span><span
 style="font-family: Georgia;"> on Sept 20 with three market
leaders - Advanced Info, Total Access Communications and True Move - </span><span
 style="font-weight: bold; font-family: Georgia;">taking part</span><span
 style="font-family: Georgia;">.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">However, CAT union
leader Sukhum Chuenmana said CAT Telecom could still </span><span
 style="font-weight: bold; font-family: Georgia;">exercise
its legal right</span><span style="font-family: Georgia;">
as a </span><b
 style="font-weight: bold; font-family: Georgia;">directly
damaged party</b><span style="font-family: Georgia;">
even though the Administrative Court had dismissed the union's case.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The union will
pressure the company's </span><b style="font-family: Georgia;">board</b><span
 style="font-family: Georgia;"> to file a lawsuit. It will
also discuss whether it should petition the Ombudsman's Office to ask
the Constitution Court to </span><b
 style="font-family: Georgia;">rule</b><span
 style="font-family: Georgia;"> whether NTC had the legal
authority to organise the 3G auction.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The union believed the
authority belonged to the </span><span
 style="font-weight: bold; font-family: Georgia;">National
Broadcasting and Telecommunications Commission (NBTC)</span><span
 style="font-family: Georgia;">, which is due to be formed
when the </span><b
 style="font-weight: bold; font-family: Georgia;">Frequency
Allocation bill</b><span style="font-family: Georgia;">
is passed into law
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>scheduled</b>
- planned to happen at a particular time or day ตามตารางเวลา<br>
<span style="font-weight: bold;">kick off - </span>start
<br>
<span style="font-weight: bold;">taking part -</span>
joining in an activity<span style="font-weight: bold;"> <br>
legal rights - </span>things that you should get according to
the law สิทธิ ...<span style="font-weight: bold;"><br>
</span><span style="font-weight: bold;"></span><span
 style="font-weight: bold;">exercise legal right -</span>
take action to get what the law says your should have <br>
<b>party</b> - one of the people or groups of people
involved in an official argument, arrangement or similar situation
คู่กรณี<br>
<span style="font-weight: bold;">direct -</span>
event U happens and affects Z immediately <br>
<span style="font-weight: bold;">indirect - </span>event
U happens then affects V which affects W which affects ..... and so on
... until it affects Z<br>
<b style="font-weight: bold;">directly damaged party - </b>the
person who suffered the first damage or harm<b
 style="font-weight: bold;"> </b><br>
<b>board</b> - board or directors, the highest governing
group in a company or organization, the group that sets the high level
policy for the organization <br>
<b>rule</b> - (of a court or other group with similar
authority) to make and announce a decision ตัดสิน, พิพากษา, ชี้ขาด<br>
<b>bill</b> - a written document containing a proposal for
a new law ญัตต<br>
ิ<span style="font-weight: bold;">National Broadcasting
and Telecommunications Commission (NBTC)</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;"><span
 style="font-weight: bold;"></span></span><span
 class="Apple-converted-space">&nbsp;</span>- a
proposed combined telecoms and broadcasting regulator<span
 class="Apple-converted-space">&nbsp;</span></span></span><br>
<b style="font-weight: bold;">Frequency Allocation bill - </b>a
proposed law (See next entry) <b style="font-weight: bold;"><br>
</b><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">Radio Frequency Allocation Act</span><span
 class="Apple-converted-space">&nbsp;</span>- the
Thai law regarding the allocation of frequencies or spectrum to
different uses and businesses</span></span><br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Both </span><span
 style="font-weight: bold; font-family: Georgia;">TOT</span><span
 style="font-family: Georgia;"> Plc and CAT Telecom </span><span
 style="font-weight: bold; font-family: Georgia;">stand to be</span><span
 style="font-family: Georgia;"> hit hard if 3G mobile phone
licences are </span><b style="font-family: Georgia;">issued</b><span
 style="font-family: Georgia;">. Their </span><b
 style="font-family: Georgia;">core</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">revenue</b><span
 style="font-family: Georgia;"> comes from 2G </span><b
 style="font-family: Georgia;">concession</b><span
 style="font-family: Georgia;"> holders now competing for the
3G licences.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">He said the </span><b
 style="font-family: Georgia;">dispute</b><span
 style="font-family: Georgia;"> over the 2G </span><b
 style="font-family: Georgia;">spectrum</b><span
 style="font-family: Georgia;"> </span><span
 style="font-weight: bold; font-family: Georgia;">raged on</span><span
 style="font-family: Georgia;">. The NTC wanted to </span><b
 style="font-family: Georgia;">reclaim</b><span
 style="font-family: Georgia;"> the 2G phone frequencies but
CAT had argued it should </span><b
 style="font-family: Georgia;">retain</b><span
 style="font-family: Georgia;"> the frequencies if its 2G
concession was </span><span
 style="font-weight: bold; font-family: Georgia;">terminated</span><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">The
Finance Ministry is proposing the </span><b
 style="font-family: Georgia;">replacement</b><span
 style="font-family: Georgia;"> of the 2G mobile concessions
CAT and TOT have issued to private operators with new licences being </span><b
 style="font-family: Georgia;">valid</b><span
 style="font-family: Georgia;"> for 15 years - the same
period as those to be issued under 3G. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Presently, three
mobile operators are providing 2G cellular service
under the concessions of TOT and CAT. The concessions are due to </span><b
 style="font-family: Georgia;">expire</b><span
 style="font-family: Georgia;"> over the next three to eight
years.</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span>
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">TOT</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space"></span><span
 style="font-weight: bold;">&nbsp;-<span
 class="Apple-converted-space">&nbsp;</span></span>a
Thai state-owned telecommunications company. Originally established in
1954 and corporatized in 2002, TOT's main line of business is fixed
line telephony, although it has several other businesses, including
mobile telephony. (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/TOT_%28Thailand%29"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<span style="font-weight: bold;">stand to be... - </span>it
will likely happen that...<br>
<b>issued</b> - made available ออกใหม่<br>
<b>core</b> - most important แก่น สิ่งที่สำคัญที่สุด<br>
<b>revenue</b> - income from taxes or business activities
รายได้<br>
<b>concession</b> - official permission from the government
to do a certain type of business or activity สัมปทาน<br>
<b>dispute</b> - fight, argument, a serious disagreement
การโต้เถียง, ความขัดแย้ง ข้อพิพาท<br>
<b>spectrum</b> - a range of radio waves used for radio
communications ความถี่คลื่นวิทยุที่ใช้ในการสื่อสาร<br>
<span style="font-weight: bold;">raged on - </span>continued
in an angry fashion<span style="font-weight: bold;"> </span><br>
<b>reclaim</b> - to take back something that was yours
เรียกกลับคืน, เอากลับ<br>
<b>retain</b> - keep<span style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">terminated - </span>ended<span
 style="font-weight: bold;"> </span><br>
<b>replacement</b> - something that takes the place of
another ผู้การทำหน้าที่แทน, การทำหน้าที่แทน<br>
<b>valid</b> - legally accepted ชอบด้วยกฎหมาย<br>
<b>expire</b> - to come to an end or stop being in use
หมดอายุ<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source:</span><span
 style="font-family: Georgia;"> Bangkok Post</span><span
 style="font-style: italic; font-family: Georgia;">, 3G</span><span
 style="font-family: Georgia;"> hopes face new</span><span
 style="font-style: italic; font-family: Georgia;"> legal </span><b
 style="font-style: italic; font-family: Georgia;">hurdle</b><span
 style="font-style: italic; font-family: Georgia;"><span
 style="font-weight: bold;">, </span></span><span
 style="font-style: italic; font-weight: bold; font-family: Georgia;">Union</span><span
 style="font-style: italic; font-family: Georgia;"> wants </span><span
 style="font-weight: bold; font-style: italic; font-family: Georgia;">CAT</span><span
 style="font-style: italic; font-family: Georgia;"> to ask
court to </span><span
 style="font-weight: bold; font-style: italic; font-family: Georgia;">halt
licence bid</span><span
 style="font-style: italic; font-family: Georgia;">, </span><span
 style="font-family: Georgia;">9/09/2010, Post Reporters, </span><a
 style="font-family: Georgia;"
 href="http://www.bangkokpost.com/news/local/195314/3G-hopes-face-new-legal-hurdle">link</a><span
 style="font-family: Georgia;">) </span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">&nbsp;</span><br
 style="font-family: Georgia;">
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<entry>
    <title>Protecting against credit card fraud in Thailand (09-09-10)</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/fraud_and_corruption/protecting_against_credit_card.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12286" title="Protecting against credit card fraud in Thailand (09-09-10)" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12286</id>
    
    <published>2010-09-09T07:38:46Z</published>
    <updated>2010-09-09T09:30:19Z</updated>
    
    <summary> Protecting against credit card fraud in Thailand By Jon Fernquest [Download: MP3 Audio for the article starting below] The system for making credit card payments in Thailand appears to be much less secure than it could be. Dan Sambandaraksa...</summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Fraud and Corruption" />
    
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 http-equiv="content-type">
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<body>
<h3 style="font-family: Georgia;">Protecting against
credit card <span style="font-style: italic;">fraud</span>
in Thailand </h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">[Download: </span><a
 style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/business/creditcardsecurity.mp3">MP3
Audio</a><span style="font-family: Georgia;"> for
the article starting below]</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img style="border: 1px solid ; float: right; font-family: Georgia;"
 alt="too many credit cards"
 src="http://www.readbangkokpost.com/business/toomanycreditcards.jpg"
 hspace="5"><span style="font-family: Georgia;">The
system for making </span><span
 style="font-weight: bold; font-family: Georgia;">credit card</span><span
 style="font-family: Georgia;"> payments in Thailand appears
to be much less </span><span
 style="font-weight: bold; font-family: Georgia;">secure</span><span
 style="font-family: Georgia;"> than it could be.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Dan Sambandaraksa
provides a thorough analysis of the problem in this week's </span><span
 style="font-style: italic; font-family: Georgia;">Database</span><span
 style="font-family: Georgia;"> section of the Bangkok Post. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Security standards set
by the </span><span
 style="font-weight: bold; font-family: Georgia;">Payment
Card Industry (PCI)</span><span style="font-family: Georgia;">
are not being followed. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Note also that
recently there was a </span><span
 style="font-weight: bold; font-family: Georgia;">crackdown</span><span
 style="font-family: Georgia;"> on foreign criminals using
Thailand as a </span><span
 style="font-weight: bold; font-family: Georgia;">transnational
crime</span><span style="font-family: Georgia;">
base for such activities as </span><span
 style="font-weight: bold; font-family: Georgia;">electronic
banking fraud</span><span style="font-family: Georgia;">
(Read articles </span><a style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/easybusinessnews/society/transnational_crime_involving.php">#1</a><span
 style="font-family: Georgia;"> (16-03-2009) and&nbsp;</span><a
 style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/easybusinessnews/government/crackdown_on_foreign_criminals.php">#2</a><span
 style="font-family: Georgia;"> (10-08-10)). </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article begins
after the vocabulary. <br>
<br>
Photo on right of <span style="font-style: italic;">Farang</span>
man with too many credit cards. <br>
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>credit</b>
- loans<br>
<b>credit card - </b>a plastic card used to buy things
with, the money is loaned to the credit card holder until they pay it
back (See <a href="http://en.wikipedia.org/wiki/Credit_card">Wikipedia</a>)<br>
<b>fraud</b> - the crime of gaining money by tricking or
lieing การโกง การตุ้มตุ๋น (See <a
 href="http://en.wikipedia.org/wiki/Fraud">Wikipedia</a>)<br>
<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">electronic banking fraud -<span
 class="Apple-converted-space">&nbsp;</span></span>using
the internet to trick people into providing their secret bank account
passwords and then using them to withdraw money from accounts (See<a
 href="http://en.wikipedia.org/wiki/Phishing"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia
on "Phishing" or identity theft</a>)<br>
</span></span><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">transnational crime</span><span
 class="Apple-converted-space">&nbsp;</span>- when
a criminal or gang engages in crime in many different countries
อาชญากรรมข้ามชาติ</span></span><br>
<b>international credit card data theft -</b> stealing
credit card data via the internet and computer networks in order to use
it to steal money from people's credit card accounts (See <a
 href="http://en.wikipedia.org/wiki/T.J._Maxx#Data_theft">Wikipedia</a>)<br>
<b>PCI - </b>Payment Card Industry, all the different
types of cards used by consumers such as credit cards, ATM cards, debit
cards and prepaid cards and all the businesses&nbsp;associated with
these cards (See <a
 href="http://en.wikipedia.org/wiki/Payment_card_industry">Wikipedia</a>)<br>
<b>secure</b> - safe from attack or harm ปลอดภัย<br>
<span style="font-weight: bold;"></span><b>security</b>
- the activity of making safe or protecting from harm<br
 style="font-weight: bold;">
<span style="font-weight: bold;">data security -&nbsp;</span>making
data stored on a computer safe <br>
<span style="font-weight: bold;">Payment Card Industry
Data Security Standard -</span> "a worldwide information security
standard defined by the Payment Card Industry Security Standards
Council. The standard was created to help payment card industry
organizations that process card payments prevent credit card fraud
through increased controls around data and its exposure to compromise"
(See <a
 href="http://en.wikipedia.org/wiki/Payment_Card_Industry_Data_Security_Standard">Wikipedia</a>)<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Tech News
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;">The Thai way of doing
things
</h4>
<span style="font-family: Georgia;">8/09/2010</span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">Don Sambandaraksa
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">[</span><span
 style="font-weight: bold; font-family: Georgia;">PCI</span><span
 style="font-family: Georgia;"> is a key system used around
the world for protecting people against
credit card </span><span
 style="font-weight: bold; font-family: Georgia;">fraud</span><span
 style="font-family: Georgia;"> but some Businesses in
Thailand do not </span><span
 style="font-weight: bold; font-family: Georgia;">take</span><span
 style="font-family: Georgia;"> this system
</span><span style="font-weight: bold; font-family: Georgia;">seriously</span><span
 style="font-family: Georgia;">. Don Sambandaraksa explains
how&nbsp;the system works.]&nbsp; </span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">...The payment card
industry (from whence the PCI </span><b
 style="font-family: Georgia;">compliance</b><span
 style="font-family: Georgia;"> standard gets its name) has </span><span
 style="font-weight: bold; font-family: Georgia;">gone to
great lengths</span><span style="font-family: Georgia;">
to make the credit card </span><span
 style="font-weight: bold; font-family: Georgia;">ecosystem</span><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">secure</b><span
 style="font-family: Georgia;">.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Most of us are </span><b
 style="font-family: Georgia;">aware</b><span
 style="font-family: Georgia;"> that the cards with their </span><b
 style="font-family: Georgia;">chips</b><span
 style="font-family: Georgia;"> are secure, the </span><span
 style="font-weight: bold; font-family: Georgia;">acquiring
terminals</span><span style="font-family: Georgia;">
are </span><b style="font-weight: bold; font-family: Georgia;">hack-proof</b><span
 style="font-family: Georgia;">. The number on </span><b
 style="font-family: Georgia;">receipts</b><span
 style="font-family: Georgia;"> are </span><span
 style="font-weight: bold; font-family: Georgia;">obfuscated</span><span
 style="font-family: Georgia;"> so that a </span><b
 style="font-weight: bold; font-family: Georgia;">stray
receipt</b><span style="font-family: Georgia;"> will
not </span><b style="font-family: Georgia;">open
the door for </b><span style="font-family: Georgia;">fraud.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;">take seriously - </span>treat
as important (not just laugh and ignore)<br>
<b>compliance</b> - following a rule or law<br>
<span style="font-weight: bold;">gone to great lengths - </span>worked
hard and did many things to achieve goals, made great efforts<span
 style="font-weight: bold;"> </span><br>
<b>secure</b> - safe from attack or harm ปลอดภัย<br>
<b>aware</b> - knowing that something exists, or having
knowledge or experience of a particular thing ทราบ<br>
<b>chips</b> - the small pieces inside a computer that are
the brain of a computer <br>
<span style="font-weight: bold;">acquire - </span>get
<span style="font-weight: bold;"><br>
</span><b>terminal</b> - a computer screen and
keyboard that is connected to a computer system or network <br>
<span style="font-weight: bold;">acquiring terminals - </span>a
small computer device used to enter credit card data into (when buying
something with the credit card)<span style="font-weight: bold;"><br>
hack - </span>entering another person's computer illegally to
get or change information (See Wikipedia)<span
 style="font-weight: bold;"><br>
</span><span style="font-weight: bold;"></span><b
 style="font-weight: bold;">hack-proof - </b>protected
from hacking, secure from hacking <br>
<b>receipt - </b>a piece of paper that shows and proves
that you gave money to someone (for example: as payment for goods)<br>
<span style="font-weight: bold;">obfuscated -</span>
to make something difficult to understand on purpose (as a form of
security or protection)<br>
<span style="font-weight: bold;">stray - </span>move
away from the correct path or place where it should be <br>
<span style="font-weight: bold;"></span><b>receipt</b>
- a piece of paper which proves that money, goods or information have
been received<br>
<span style="font-weight: bold;">stray receipt -</span>a
receipt that is lost (and that a thief <span
 style="font-style: italic;">could</span> get and use
to steal money with)&nbsp; <br>
<span style="font-weight: bold;"></span><b>open
the door for - </b>create an opportunity for<b> </b><br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">What we do not know is
that PCI compliance puts in many more </span><b
 style="font-weight: bold; font-family: Georgia;">security</b><span
 style="font-weight: bold; font-family: Georgia;"> checks</span><span
 style="font-family: Georgia;"> for the company's IT systems,
going as far as </span><span
 style="font-weight: bold; font-family: Georgia;">scanning
the air</span><span style="font-family: Georgia;">
for </span><b style="font-weight: bold; font-family: Georgia;">rogue</b><span
 style="font-weight: bold; font-family: Georgia;"> </span><b
 style="font-weight: bold; font-family: Georgia;">access</b><span
 style="font-weight: bold; font-family: Georgia;"> points</span><span
 style="font-family: Georgia;"> and ensuring </span><span
 style="font-weight: bold; font-family: Georgia;">outbound</span><span
 style="font-family: Georgia;"> mail does not have credit
card information in it.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">PCI came about when US
</span><span style="font-weight: bold; font-family: Georgia;">retailer
TJ Maxx</span><span style="font-family: Georgia;">'s
</span><b style="font-family: Georgia;">database</b><span
 style="font-family: Georgia;"> was broken into and 45
million credit cards details were stolen.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>security</b>
- the activity of making safe or protecting from harm<br>
<b style="font-weight: bold;">security</b><span
 style="font-weight: bold;"> checks - </span>a check
for things that might cause harm, damage or loss (examples: a security
check before entering a building, a security check to make sure that
computer data has not been &nbsp;tampered with)<br>
<span style="font-weight: bold;">scan - </span>to
look through an area to find objects in the area<span
 style="font-weight: bold;"> </span><br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">scanning the air -</span>
looking through the air to find something (here: private financial data
being sent between computers)<br>
<b>access</b> - the ability to enter a place การเข้าสู่<span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;"></span><b>rogue</b>
- behaving in an unusual and possibly dangerous way
ที่น่าสงสัยว่าจะก่อให้เกิดอันตราย<span style="font-weight: bold;"></span><br>
<span style="font-weight: bold;"></span><b
 style="font-weight: bold; font-style: italic;">access</b><span
 style="font-weight: bold;"> points - </span>places
where one can "<span style="font-style: italic;">go into</span>"
or "<span style="font-style: italic;">enter</span>"
a system <br>
<span style="font-weight: bold;">outbound - </span>going
out of a place <br>
<span style="font-weight: bold;">retailer - </span>companies
in the business of operating many stores (examples: Lotus or 7-11) <br>
<span style="font-weight: bold;">TJ Maxx - </span>a
chain of large stores in the US that sell clothes, "in 2007, the
company disclosed a computer security breach dating to 2005. Hackers
gained access to information on more than 45 million credit and debit
card accounts for transactions since January 2003"<span
 style="font-weight: bold;">&nbsp;</span> (See <a
 href="http://en.wikipedia.org/wiki/T.J._Maxx#Data_theft">Wikipedia
on this famous case</a>)<br>
<b>database</b> - a large amount of information stored in a
computer in an organised way ฐานข้อมูล<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">PCI rules make the </span><b
 style="font-family: Georgia;">network</b><span
 style="font-family: Georgia;"> and procedures secure so that
such a </span><b style="font-family: Georgia;">theft</b><span
 style="font-family: Georgia;"> should not happen again. Each
</span><b style="font-family: Georgia;">data</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">breach</b><span
 style="font-family: Georgia;"> costs an average of $100-300
(3,110-9,330 baht) to </span><span
 style="font-weight: bold; font-family: Georgia;">rectify</span><span
 style="font-family: Georgia;">, taking into account the
fraud and </span><b style="font-family: Georgia;">issuing</b><span
 style="font-family: Georgia;"> new cards.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">But while the big
banks around the world are enforcing PCI compliance on their</span><span
 style="font-weight: bold; font-family: Georgia;"> merchants</span><span
 style="font-family: Georgia;">, it is clear that Thai banks
are not. PCI affects anyone with credit cards </span><b
 style="font-family: Georgia;">linked</b><span
 style="font-family: Georgia;"> into their IT or </span><span
 style="font-weight: bold; font-family: Georgia;">POS</span><span
 style="font-family: Georgia;"> system. Small </span><b
 style="font-family: Georgia;">vendors</b><span
 style="font-family: Georgia;"> are pretty much free from PCI
as they never store card data to begin with - they only put the card in
their credit card terminal, which </span><span
 style="font-weight: bold; font-family: Georgia;">transmits
the data securely</span><span style="font-family: Georgia;">.
If the terminal is PCI-</span><b style="font-family: Georgia;">compliant</b><span
 style="font-family: Georgia;">, they are pretty much </span><span
 style="font-weight: bold; font-family: Georgia;">in the clear</span><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>network</b>
- a large system of connected parts, here: connected computers เครือข่าย<br>
<b>data</b> - facts or information used for making
calculations or decisions ข้อมูล<br>
<b>breach</b> - a whole or opening made in a wall
(especially during an attack)<br>
<span style="font-weight: bold;">data breach - </span>when
an outsider (intruder) breaks into a computer system and gets data or
changes data <br>
<span style="font-weight: bold;">rectify - </span>correct
something that is wrong <br>
<b>issuing</b> - officially giving something to people
ออกคำสั่ง<br>
<span style="font-weight: bold;"> merchants - </span>people
or companies that buy and sell things <span
 style="font-weight: bold;"></span><br>
<b>linked</b> - connected เชื่อมโยง<br>
<span style="font-weight: bold;">POS - </span>Point
of Sale System,<span style="font-weight: bold;"> </span>computer
terminals in stores to process buy transactions of customers, an
"electronic cash register"<span style="font-weight: bold;">&nbsp;
</span>(See <a
 href="http://en.wikipedia.org/wiki/Point_of_sale">Wikipedia</a>)<br>
<b>vendors</b> - sellers พ่อค้า<br>
<span style="font-weight: bold;">transmits data securely -
</span>sending data over a computer network safely (without
danger that someone will get access to the data)<br>
<b>compliant</b> - following rules The issues created by
converting to IFRS are not always immediately obvious. For example,<br>
<span style="font-weight: bold;">in the clear - </span>have
no problems <br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">But all too often in
Thailand, the </span><b style="font-family: Georgia;">vendor</b><span
 style="font-family: Georgia;"> will </span><b
 style="font-weight: bold; font-family: Georgia;">process</b><span
 style="font-weight: bold; font-family: Georgia;">
the card</span><span style="font-family: Georgia;">,
then </span><span
 style="font-weight: bold; font-family: Georgia;">take down
card details</span><span style="font-family: Georgia;">
on their POS system. This
happened to me over the weekend at IT City and could only cringe when I
saw them putting my card details into the POS PC.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Worse, I have used my
card with smaller vendors and they asked for
my ID card to photocopy. </span><span
 style="font-weight: bold; font-family: Georgia;">Raiding</span><span
 style="font-family: Georgia;"> these vendors would then not
only give
criminals my credit card details but my address and date of birth, too
</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"></span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">Nokia Care centres
also take down ID information, even if the customer is just buying an
accessory.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Obviously they think
that having ID means fraud does not
happen, but by collecting all this information and keeping them in
</span><span style="font-weight: bold; font-family: Georgia;">unaudited</span><span
 style="font-family: Georgia;">, probably not quite secure,
servers, they are opening
themselves up to data theft, </span><b
 style="font-weight: bold; font-family: Georgia;">identity</b><span
 style="font-weight: bold; font-family: Georgia;"> theft</span><span
 style="font-family: Georgia;"> and one big </span><b
 style="font-family: Georgia;">compensation</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">bill</b><span
 style="font-family: Georgia;">. </span><b
 style="font-weight: bold; font-family: Georgia;">Not a
comforting</b><span
 style="font-weight: bold; font-family: Georgia;"> thought.</span><span
 style="font-family: Georgia;">&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>vendor</b>
- seller of goods พ่อค้า, แม่ค้า<br>
<b>process</b> - a series of actions that you take in order
to achieve a result แนวทางปฏิบัติ, กระบวน, วิธีการ<br>
<span style="font-weight: bold;">process the card - </span>record
and use the<span style="font-style: italic;"> information
on a credit card</span> when someone buys something with the card<span
 style="font-weight: bold;"> </span><br>
<span style="font-weight: bold;">take down card details - </span>write
down (or enter into a computer file) the information on a person's
credit card<span style="font-weight: bold;"> </span><br>
<span style="font-weight: bold;">raid - </span>suddenly
entering a place by force to steal money or goods <span
 style="font-weight: bold;"><br>
audit - </span>an official examination of company financial
records to see that they are correct (and to check for fraud)<span
 style="font-weight: bold;"><br>
</span><span style="font-weight: bold;"></span><span
 style="font-weight: bold;">unaudited - </span>there
has been no official examination of company financial records to see if
they are correct&nbsp;<span style="font-weight: bold;">
</span><br>
<span style="font-weight: bold;"></span><b
 style="font-weight: bold;">identity</b><span
 style="font-weight: bold;"> theft - </span>a crime of
fraud in which someone uses another person's name (identity) to get
access to their money or assets or to take out loans or purchase things
using their name (See <a
 href="http://en.wikipedia.org/wiki/Identity_theft">Wikipedia</a>)<br>
<b>compensation</b> - money that someone receives because
something bad has happened to them เงินชดเชย<br>
<span style="font-weight: bold;">compensation bill - </span>money
that has to be paid to someone because of harm or damage that you did
to them<span style="font-weight: bold;"> </span><br>
<b>comforting</b> - makes you feel good, calm, and relaxed
(not worrying)<br>
<b style="font-weight: bold;">Not a comforting</b><span
 style="font-weight: bold;"> thought. - </span>thinking
about this bad thing makes your worry (that it might happen to you)<br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">The sad
thing is that </span><span
 style="font-weight: bold; font-family: Georgia;">nobody</span><span
 style="font-family: Georgia;"> in Thailand </span><span
 style="font-weight: bold; font-family: Georgia;">seems to
mind</span><span style="font-family: Georgia;">, yet
many
visiting foreigners, especially Europeans, seem to be </span><b
 style="font-weight: bold; font-family: Georgia;">genuinely
concerned</b><span style="font-family: Georgia;"> at
the </span><b style="font-family: Georgia;">privacy</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">risk.</b><span
 style="font-family: Georgia;">
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">The
problem</span><span style="font-family: Georgia;">,
I was told,</span><span
 style="font-weight: bold; font-family: Georgia;"> lies with</span><span
 style="font-family: Georgia;"> Thai banks. PCI - the payment
card industry - requires banks to </span><b
 style="font-family: Georgia;">enforce</b><span
 style="font-family: Georgia;"> PCI </span><b
 style="font-family: Georgia;">specifications</b><span
 style="font-family: Georgia;">
on their merchants. But if the banks can choose not enforce PCI on
their merchants if the cost is too high, and only then if there is a
data breach, it is the banks who are </span><b
 style="font-family: Georgia;">liable</b><span
 style="font-family: Georgia;"> to</span><span
 style="font-weight: bold; font-family: Georgia;"> foot the
bill</span><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">do you mind if I... -</span>
do you <span style="font-style: italic;">not like it</span>
if I do this.... (example: "Do you mind if I smoke?") <br>
<span style="font-weight: bold;">nobody seems to mind -</span>
no one says or indicates they don't like it <br>
<b>concerned</b> - worried about something มีความกังวล<br>
<b style="font-weight: bold;">genuinely concerned -</b>
really very concerned (not faking it) <span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;"></span><b>privacy</b>
- the freedom to do things without other people watching you or knowing
what you are doing ความเป็นส่วนตัว<br>
<b>risk</b> - the possibility that something dangerous or
unpleasant might happen ความเสี่ยง<span style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">the problem lies with Y -
</span>Y is the cause or origin of the problem<span
 style="font-weight: bold;">&nbsp; </span><br>
<b>enforce</b> - to make sure laws are obeyed<br>
<b>specifications</b> - detailed information about how
something should be done or is made (includeds requirements, design,
details, features)<br>
<b>liable</b> - legally responsible for loss or harm caused
มีความรับผิดชอบตามกฎหมาย<br>
<span style="font-weight: bold;"><span
 style="font-style: italic;"> foot </span>the bill - </span><span
 style="font-style: italic;">pay </span>the bill <br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source:</span><span
 style="font-family: Georgia;"> Tech News, The Thai way of
doing things, 8/09/2010, Don Sambandaraksa, </span><a
 style="font-family: Georgia;"
 href="http://www.bangkokpost.com/tech/technews/195176/the-thai-way-of-doing-things">link</a><span
 style="font-family: Georgia;">) </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
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    </content>
</entry>
<entry>
    <title>Trading Thailand&apos;s agricultural commodities</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/agriculture/trading_thailands_agricultural.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12272" title="Trading Thailand's agricultural commodities" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12272</id>
    
    <published>2010-09-06T13:42:02Z</published>
    <updated>2010-09-08T05:32:44Z</updated>
    
    <summary> commodities2 The future of commodity exchanges in Thailand By Jon Fernquest [Download: MP3 Audio] Thailand is among the world&apos;s top exporters for a wide variety of agricultural commodities. Commodity exchanges around the world such as the Chicago Mercantile Exchange...</summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Agriculture" />
    
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  <title>commodities2</title>
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<body>
<h3 style="font-family: Georgia;">The future of <span
 style="font-style: italic;">commodity exchanges</span>
in Thailand </h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">[Download: </span><a
 style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/business/commodityexchanges.mp3">MP3
Audio</a><span style="font-family: Georgia;">]</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img style="border: 1px solid ; float: right; font-family: Georgia;"
 alt="commodity exchange"
 src="http://www.readbangkokpost.com/business/commodityexchange3.jpg"
 hspace="5"><span style="font-family: Georgia;">Thailand
is among the world's top exporters for a wide variety of agricultural </span><span
 style="font-weight: bold; font-family: Georgia;">commodities</span><span
 style="font-family: Georgia;">.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">Commodity
exchanges</span><span style="font-family: Georgia;">
around the world such as the </span><span
 style="font-weight: bold; font-family: Georgia;">Chicago
Mercantile Exchange</span><span style="font-family: Georgia;">
(see photo on right) are the places where large volumes of agricultural
commodities are traded. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Prices on the </span><span
 style="font-weight: bold; font-family: Georgia;">spot markets</span><span
 style="font-family: Georgia;"> of&nbsp;these exchanges
reflect <span style="font-style: italic;">global supply
and demand as it stands today</span>.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Prices on the </span><span
 style="font-weight: bold; font-family: Georgia;">futures
markets</span><span style="font-family: Georgia;">
of these exchanges reflect <span style="font-style: italic;">supply
and demand as market </span></span><span
 style="font-weight: bold; font-style: italic; font-family: Georgia;">participants
predict</span><span style="font-family: Georgia;"><span
 style="font-style: italic;"> it to be in the future</span>.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article
discusses the </span><span
 style="font-weight: bold; font-family: Georgia;">prospects</span><span
 style="font-family: Georgia;"> for developing major
commodity exchanges in Thailand. The article begins after the
vocabulary below. </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Photo on the right was
taken several years ago when US President George Bush visited the
Chicago Mercantile Exchange.</span><br
 style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span>
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"></span><b>commodities</b>
- goods with every unit the same (every kilo of rice
is the same, for example), usually bought in large quantities
สินค้าที่ซื้อเป็นจำนวนมากๆ<br>
<span style="font-weight: bold;">commodity exchanges</span>
<span style="font-weight: bold;"></span>- a place
where people buy and sell large amounts of commodities and derivative
products such as commodity futures and options which are discussed
below (See <a
 href="http://en.wikipedia.org/wiki/Commodities_exchange">Wikipedia</a>)<br>
<span style="font-weight: bold;">Chicago Mercantile
Exchange</span><br>
<span style="font-weight: bold;">spot markets</span>
- market in which commodities are sold for&nbsp;<span
 style="font-style: italic;">delivery right now&nbsp;</span><br>
<span style="font-weight: bold;">futures markets</span>
- market in which commodities are sold for <span
 style="font-style: italic;">delivery at a future date </span><br>
<span style="font-weight: bold;">participants </span>-
people joining an activity, who get involved in the activity <br>
<span style="font-weight: bold;">predict</span> -
say what you think will happen in the future <br>
<span style="font-weight: bold;">prospects - </span>the
possibility or likelihood that something will happen <br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Economics
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">MEETING THE CHALLENGES
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;">Trading Thailand's<span
 style="font-style: italic;">
agricultural </span><b style="font-style: italic;">commodities</b><span
 style="font-style: italic;">
</span></h4>
<span style="font-family: Georgia;">6/09/2010</span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">Piya Sosothikul,
Bangkok Bank
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Thailand </span><span
 style="font-weight: bold; font-family: Georgia;">holds the
enviable position</span><span style="font-family: Georgia;">
of being one of the richest
agricultural producers in the world, a major player in </span><b
 style="font-family: Georgia;">rubber</b><span
 style="font-family: Georgia;">,
rice, </span><b style="font-family: Georgia;">tapioca</b><span
 style="font-family: Georgia;">, chicken, </span><b
 style="font-family: Georgia;">frozen</b><span
 style="font-family: Georgia;">
shrimp, fish, fruit, sugar, vegetables and corn. So how can we
</span><span style="font-weight: bold; font-family: Georgia;">capitalise
on</span><span style="font-family: Georgia;"> this </span><b
 style="font-family: Georgia;">natural competitive advantage</b><span
 style="font-family: Georgia;">.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">One useful step would
be to </span><b style="font-family: Georgia;">establish</b><span
 style="font-family: Georgia;"> Thailand as a
</span><b style="font-family: Georgia;">global</b><span
 style="font-family: Georgia;"> trading centre of
agricultural products
through an </span><b style="font-family: Georgia;">efficient</b><span
 style="font-family: Georgia;"> commodities exchange, buying
and selling major products. This would smooth out </span><b
 style="font-family: Georgia;">fluctuations</b><span
 style="font-family: Georgia;">
in price, benefiting farmers, buyers and </span><b
 style="font-family: Georgia;">consumers.<br>
</b><br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>commodities</b>
- goods with every unit the same (every kilo of rice
is the same, for example), usually bought in large quantities
สินค้าที่ซื้อเป็นจำนวนมากๆ<br>
<span style="font-weight: bold;">envy </span>(verb)
- wanting something that another person for yourself <span
 style="font-weight: bold;"><br>
enviable</span> (adjective) - something other people would also
like to have <br>
<span style="font-weight: bold;">holds the enviable
position</span> - is in a nice situation <span
 style="font-style: italic;">that other people would like to
be in too </span><br>
<b>tapioca</b> - cassava, an important food source of
carbohydrates, also source of ethanol car fuel (See <a
 href="http://en.wikipedia.org/wiki/Manioc">Wikipedia</a>)
มันสำปะหลัง<br>
<b>frozen</b> - turned to ice (with a freezer)<br>
<b>natural</b> - as in nature (not by humans) ตามธรรมชาติ<br>
<span style="font-weight: bold;">capitalise on - </span>to
use a situation or event to gain some advantage for yourself, to get
what you need <br>
<span style="font-weight: bold;">compete</span>
(verb) - 1. to try to get something that other people also want
(example: the two restaurants compete for the same customers who live
in the area), 2. to try to win a game <br>
<span style="font-weight: bold;">competitive </span>(adjective)&nbsp;
<br>
<b> competitive advantage</b> - something that helps you
win the game (or be the one who gets the thing that everyone wants,
that everyone is competing for) <br>
<b>establish</b> - to start something that will likely
continue for a long time สถาปนา, ก่อตั้ง, จัดตั้ง<br>
<b>global</b> - throughout the world ทั่วโลก<br>
<b>efficient</b> - producing a lot using few resources<br>
<b>efficient</b> - doing a task with no waste of time,
money or energy<br>
<b>fluctuations</b> - value going up and down<br>
<b>consumers</b> - people who buy things (individuals and
families)<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">To understand how this
might work, imagine a farmer with a </span><span
 style="font-weight: bold; font-family: Georgia;">ripening</span><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">field</b><span
 style="font-family: Georgia;">
of corn. Even though he seems set for a </span><b
 style="font-family: Georgia;">bumper</b><span
 style="font-family: Georgia;">
crop, his future is </span><b style="font-family: Georgia;">uncertain</b><span
 style="font-family: Georgia;"> &nbsp;- there
might be</span><span
 style="font-weight: bold; font-family: Georgia;"> freak
storms</span><span style="font-family: Georgia;">,
insect attacks or a </span><b style="font-family: Georgia;">collapse</b><span
 style="font-family: Georgia;"> in prices. It is
impossible to protect against all these risks but he can protect
himself against falling prices by buying </span><b
 style="font-family: Georgia;">futures</b><span
 style="font-family: Georgia;"> in
the commodities
he produces. If the market price does drop, the fall in his profits
when he sells his produce will be </span><b
 style="font-family: Georgia;">offset</b><span
 style="font-family: Georgia;"> by the </span><b
 style="font-family: Georgia;">profit</b><span
 style="font-family: Georgia;">
he gains when he collects on his</span><b
 style="font-weight: bold; font-family: Georgia;">
commodities future option</b><span
 style="font-family: Georgia;">.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">ripening </span>- cropt is
growing and approaching the time when it must be picked and harvested <br>
<b>field</b> - to use a person as your representative
ส่งต้วแทน<br>
<b>bumper</b> - bigger or more successful than usual
จำนวนมาก มากกว่าปกติ<br>
<b>bumper crop </b>- a very good crop with a lot of
vegetables and fruit <br>
<b>uncertain</b> - don't know what will happen, not 100%
sure ไม่มั่นใจ<br>
<b>collapse</b> - falling down suddenly ล้ม พังครืน<br>
<span style="font-weight: bold;">freak - </span>very
different and unlikely to happen <br>
<span style="font-weight: bold;"> freak storm - </span>a
big storm that no one expected (so probably caused a lot of damage)<br>
<b>futures</b> - a contract to buy something in the future,
a contract that is traded on a public exchange, so the price reflects
current expectations about the value of the underlying asset (See <a
 href="http://www.economist.com/research/Economics/alphabetic.cfm?letter=D#derivatives">Economist
Glossary on derivatives</a>) การซื้อขายล่วงหน้า<span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><br>
<b>offset</b> - reduce by moving in the opposite direction
(example: losses in the main business offset by profit in one of the
subsidiaries, See <a
 href="http://www.readbangkokpost.com/businesswords/alphabetical/o/offset.php">glossary</a>)<br>
<b>profit</b> - money that you make from selling goods and
services after all your costs have been paid กำไร<br>
<b>option</b> -&nbsp;<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 15px; line-height: 21px;"><span
 class="Apple-converted-space"></span>a type of
derivative that gives the right to sell or buy an asset at a particular
price before a given date (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://www.economist.com/research/economics/alphabetic.cfm?term=derivatives#derivatives"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Economist
glossary</a>)<br>
<span style="font-weight: bold;">a derivative</span><span
 class="Apple-converted-space">&nbsp;</span>- a
asset that are built on top of the value of another asset, their value
is "derived" from the underlying asset<br>
<span style="font-weight: bold;"><span
 style="font-weight: bold;">a put option<span
 class="Apple-converted-space">&nbsp;</span></span></span>-
the right to sell an asset at a particular price before a given date,
being used in the Thai government rice price insurance program (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Put_option"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 15px; line-height: 21px;"><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><br>
</span></span></span></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 15px; line-height: 21px;"><b>derivatives</b><span
 class="Apple-converted-space">&nbsp;</span>-
futures, options, swaps, etc (a financial asset that "derives" it value
from other financial assets such as stocks, bonds, commodities,
interest rates, exchange rates, and stock price indices; See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://www.economist.com/research/Economics/alphabetic.cfm?letter=D#derivatives"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Economist
Glossary</a><span class="Apple-converted-space">&nbsp;</span>and<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Category:Derivatives"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)
อนุภัณฑ์</span></span><br>
<b style="font-weight: bold;"> commodities future option</b>
- an
option used used as a tool to protect (hedge) against the danger (risk)
of price changes (fluctuations) in a commodity that you are producing
and/or selling (snd will therefore have to own either now or later)<br>
</div>
<b style="font-weight: bold; font-family: Georgia;"><br>
</b><span style="font-family: Georgia;">Although
this is hard to imagine in Thailand with our </span><b
 style="font-weight: bold; font-family: Georgia;">small scale</b><span
 style="font-weight: bold; font-family: Georgia;"> farms</span><span
 style="font-family: Georgia;">, the
agriculture business is very different in countries such as the United
States where everything is </span><span
 style="font-weight: bold; font-family: Georgia;">on
a larger scale</span><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Buyers also can
protect themselves from </span><span
 style="font-weight: bold; font-family: Georgia;">price shocks</span><span
 style="font-family: Georgia;"> by
investing in commodities market - except they will </span><b
 style="font-weight: bold; font-family: Georgia;">hedge</b><span
 style="font-weight: bold; font-family: Georgia;"> against an
increase in price</span><span style="font-family: Georgia;">
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>scale</b>
- size (relative size)<br>
<b style="font-weight: bold;">small scale</b><span
 style="font-weight: bold;"> farms -</span> farms that
are smaller compared to others <span style="font-weight: bold;"></span><br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">on a larger
scale -</span> larger compared to others <br>
<span style="font-weight: bold;">price shocks -</span>
sudden changes in price (caused by some event like bad weather, for
example)<br>
<b>hedge</b> - take action to protect from harm (by
purchasing a risk in the opposite direction that offsets the risk that
you have)<span style="font-weight: bold;"></span><br>
<span style="font-weight: bold;"></span><b
 style="font-weight: bold;">hedge</b><span
 style="font-weight: bold;"> against an increase in price - </span>taking
action to protect yourself from price increases that could hurt you (by
buying commodity futures or options, for example) <span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;">
<br>
</span><span style="font-family: Georgia;">Already
Thailand has taken important steps in this
direction. The </span><span
 style="font-weight: bold; font-family: Georgia;">Agricultural
Futures Exchange of Thailand (AFET)</span><span
 style="font-family: Georgia;"> was set up in 1999 and
in 2006 the </span><span
 style="font-weight: bold; font-family: Georgia;">Thailand
Futures Exchange (TFEX)</span><span
 style="font-family: Georgia;"> was established. Today four
products are listed on AFET - Hom Mali rice, white rice, natural rubber
and tapioca </span><b style="font-family: Georgia;">chips</b><span
 style="font-family: Georgia;"> - with rubber futures the
major
play.The American commodities </span><b
 style="font-family: Georgia;">guru</b><span
 style="font-family: Georgia;"> </span><span
 style="font-weight: bold; font-family: Georgia;">Jim Rodgers</span><span
 style="font-family: Georgia;"> believes
Thailand has huge </span><b style="font-family: Georgia;">potential</b><span
 style="font-family: Georgia;"> in commodity futures.
When he visited this country two years ago he predicted that over a
10-year period, commodity investments would enjoy </span><b
 style="font-family: Georgia;">returns</b><span
 style="font-family: Georgia;">
300% higher than </span><b style="font-family: Georgia;">equities</b><span
 style="font-family: Georgia;">. There has been </span><b
 style="font-family: Georgia;">plenty</b><span
 style="font-family: Georgia;">
of </span><b style="font-family: Georgia;">evidence</b><span
 style="font-family: Georgia;"> since then to </span><b
 style="font-weight: bold; font-family: Georgia;">support</b><span
 style="font-weight: bold; font-family: Georgia;"> his
contention</span><span style="font-family: Georgia;">.
Investors in gold futures are enjoying profits today after prices </span><b
 style="font-family: Georgia;">skyrocketed</b><span
 style="font-family: Georgia;">,
and holders of wheat futures are happy too. After wildfires in Russia
destroyed </span><b style="font-family: Georgia;">massive</b><span
 style="font-family: Georgia;"> tracts of wheat crops, Russia
</span><b style="font-family: Georgia;">banned</b><span
 style="font-family: Georgia;">
wheat exports, sending global prices into the stratosphere. Even buyers
of rubber futures have been well rewarded, </span><b
 style="font-family: Georgia;">albeit</b><span
 style="font-family: Georgia;">
less spectacularly, with prices rising more than 70% over two years
</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span>
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">Agricultural Futures Exchange of
Thailand (AFET)</span> -<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 15px; line-height: 21px;"> Thailand's
future exchange for agricultural commodities (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://www.afet.or.th/v081/english/"
 style="text-decoration: underline; color: rgb(51, 102, 204);">website</a>)</span></span><br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">Thailand Futures Exchange (TFEX)</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 15px; line-height: 21px;"><span
 class="Apple-converted-space">&nbsp;</span>-
Thailand's futures exchange, a subsidiary of the Stock Exchange of
Thailand, includes gold futures, stock index futures and government
bond futures (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://www.tfex.co.th/en/index.html"
 style="text-decoration: underline; color: rgb(51, 102, 204);">website</a>)</span></span><br>
<b>chips</b> - a small piece (that has been broken off a
larger piece) <br>
<b>guru</b> - a person who is respected for their knowledge
of a particular subject and who gives advice ครู<br>
<span style="font-weight: bold;">Jim Rodgers</span>
- a college professor and famous investor from the US, creator of
the&nbsp;<a
 href="http://en.wikipedia.org/wiki/Rogers_International_Commodity_Index">Rogers
International Commodities Index (RICI)</a> and co-founder of a
hedge fund named the <a
 href="http://en.wikipedia.org/wiki/Quantum_Fund">Quantum Fund</a>,
he is based both in Miami and in Singapore (See <a
 href="http://en.wikipedia.org/wiki/Jim_Rogers">Wikipedia</a>)<br>
<b>potential</b> - the possibility of success ที่มีศักยภาพ
ที่เป็นไปได้<br>
<b>returns</b> - the money an investor receives over time
from making his investment <br>
<b>equities</b> - stock shares in a company that represent
partial ownership of the company หุ้น<br>
<b>plenty</b> - having more than enough อุดมสมบูรณ์<br>
<b>evidence</b> - facts statements or objects that help to
prove whether or not something is true or not หลักฐาน<br>
<span style="font-weight: bold;">contention - </span>a
statement or assertion&nbsp;that fact is truth made during an
argument or discussion <br>
<b style="font-weight: bold;">support</b><span
 style="font-weight: bold;"> his contention</span> -
provide facts (evidence) to show that what he said (contention) is true
(prove)<br>
<span style="font-weight: bold;"></span><b>skyrocketed</b>
- increased suddenly by a very large amount ที่สูงขึ้นมาก<br>
<b>massive</b> - very large in size, amount or numberใหญ่โต<br>
<b>banned</b> - officially not allowed to do something
ถูกห้าม ห้ามอย่างเป็นทางการ ถูกตัดสิทธิ<br>
<b>albeit</b> - although, though<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The problem is that
most rubber futures are </span><b
 style="font-family: Georgia;">traded</b><span
 style="font-family: Georgia;">
on exchanges outside of Thailand, as its commodity market is still too
small to compete with the likes of Hong Kong, Singapore and London.
This is due to a number of </span><b
 style="font-family: Georgia;">factors</b><span
 style="font-family: Georgia;"> - for example, </span><b
 style="font-family: Georgia;">local</b><span
 style="font-family: Georgia;">
farmers do not have the </span><b
 style="font-family: Georgia;">funds</b><span
 style="font-family: Georgia;"> to invest, a clear
understanding of how the markets work, or the </span><b
 style="font-family: Georgia;">qualifications</b><span
 style="font-family: Georgia;">
to </span><b style="font-family: Georgia;">trade</b><span
 style="font-family: Georgia;">, and local investors have
shown little
interest up to now in trading in commodity futures. But this could
change in the future.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>traded</b>
- bought and sold ค้าขาย<br>
<b>factors</b> - the different things that affect the
outcome of a situation, event, or decision ปัจจัย<br>
<b>local</b> - in this country <br>
<b>funds</b> - money needed or available to spend on
something เงินทุน<br>
<b>qualifications</b> - the abilities, qualities, degrees,
etc. that you need for a particular job or activity<br>
<b>trade</b> - the buying and selling of goods การค้าขาย<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Mergers within our </span><b
 style="font-weight: bold; font-family: Georgia;">capital</b><span
 style="font-weight: bold; font-family: Georgia;"> markets</span><span
 style="font-family: Georgia;"> would help
considerably - there is already talk of AFET </span><b
 style="font-family: Georgia;">merging</b><span
 style="font-family: Georgia;">
with the TFEX and more </span><span
 style="font-weight: bold; font-family: Georgia;">co-operation</span><span
 style="font-family: Georgia;"> with the SET. If this happens
they
will be able to </span><b style="font-family: Georgia;">attract</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">international</b><span
 style="font-family: Georgia;">
investors. Moreover, as part of its new </span><b
 style="font-family: Georgia;">policy</b><span
 style="font-family: Georgia;"> to </span><b
 style="font-family: Georgia;">provide</b><span
 style="font-family: Georgia;">
price support to farmers through market mechanisms, the government is
becoming more </span><b style="font-family: Georgia;">active</b><span
 style="font-family: Georgia;"> as a buyer and seller, and
may
well buy futures as a </span><b style="font-family: Georgia;">proxy</b><span
 style="font-family: Georgia;"> for
farmers. This will </span><span
 style="font-weight: bold; font-family: Georgia;">deepen</span><span
 style="font-family: Georgia;"> and strengthen </span><span
 style="font-weight: bold; font-family: Georgia;">the market</span><span
 style="font-family: Georgia;"> and help it gain
the </span><b style="font-family: Georgia;">critical</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">mass</b><span
 style="font-family: Georgia;"> needed to
attract investors. However, the government will have to take care that
it is merely acting as a proxy for farmers - not interfering in the
market which would lead to a loss in </span><b
 style="font-family: Georgia;">confidence</b><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>capital</b>
- money invested in a business (See <a
 href="http://www.readbangkokpost.com/businesswords/alphabetical/c/capital.php">glossary</a>)<br>
<b style="font-weight: bold;">capital</b><span
 style="font-weight: bold;"> markets</span> - markets
in which investments in companies (stocks, bonds, derivatives) are
bought and sold <br>
<span style="font-weight: bold;"></span><b>merging</b>
- joining together into one<br>
<span style="font-weight: bold;">co-operation</span>
- working together on some activity (and helping the other person)<br>
<span style="font-weight: bold;"></span><b>attract</b>
- to cause someone to be interested in
something ดึงดูดความสนใจ<br>
<b>international</b> - from foreign countries <br>
<b>policy</b> - a set of plans or action&nbsp;agreed on
by a
government, political party, business, or other group
นโยบาย&nbsp;(See <a href="http://en.wikipedia.org/wiki/Policy">Wikipedia</a>)<br>
<b>provide</b> - to give someone something that they want
or need<br>
<b>active</b> - doing an activity (opposite: dormant)<br>
<b>proxy</b> - a person or company who acts for another
person or company, act as an "agent" for another ตัวแทน<br>
<span style="font-weight: bold;">deepen the market - </span>increase
market depth <br>
<span style="font-weight: bold;">market depth -</span>
a liquid market with many buyers and sellers, easy to buy or sell in,
only very large buy-sell transactions can move prices (See <a
 href="http://en.wikipedia.org/wiki/Market_depth">Wikipedia</a>)<br>
<b>critical</b> - extremely important because a future
situation will be affected by it สำคัญยิ่ง<br>
<span style="font-weight: bold;">critical mass - </span>the
minimum or smallest amount needed to get something to start working
(people, resources, chemicals) <br>
<b>confidence</b> - feeling sure about something
ความมั่นใจ, ความเชื่อมั่น feel sure about something<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Given the rapidly
rising prices for specific commodities, I would
expect </span><b style="font-family: Georgia;">speculators</b><span
 style="font-family: Georgia;"> to become much more
interested
in agricultural commodities. This too will </span><b
 style="font-family: Georgia;">benefit</b><span
 style="font-family: Georgia;">
the market, as pricing risks will be shifted from the growers and
producers to the investors. If Thailand is able to become a global
trading centre of agricultural products this will </span><b
 style="font-family: Georgia;">generate</b><span
 style="font-family: Georgia;">
many </span><b style="font-family: Georgia;">long</b><span
 style="font-family: Georgia;">-</span><b
 style="font-family: Georgia;">term</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">benefits</b><span
 style="font-family: Georgia;">
for our farmers, food buyers and manufacturers as they will be assured
of greater price </span><b style="font-family: Georgia;">stability</b><span
 style="font-family: Georgia;"> and a more </span><b
 style="font-family: Georgia;">stable</b><span
 style="font-family: Georgia;">
and </span><b style="font-family: Georgia;">secure</b><span
 style="font-family: Georgia;"> future....
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>speculators</b>
- investors who put their money at risk
in hope of making more money when an asset increases in value<br>
<b>benefit</b> - to help someone มีประโยชน์ต่อ<br>
<b>generate</b> - create สร้าง กระตุ้นให้เิกิด<br>
<b>benefits</b> - goods things that can happen from an
activity ผลประโยชน์<br>
<b>long-term benefits - </b>good things that can happen
from doing an acticity for a long period of time<b> </b><br>
<b>stability</b> - not changing suddenly and unpredictably,
without harmful changes
ความมั่นคง ความมีเสถียรภาพ <br>
<b>stable</b> - not changing frequently and not likely to
suddenly become worse คงที่, มั่นคง<br>
<b>stable</b> - firmly fixed, not likely to move or change
a lot, not likely to fail คงที่ ไม่เปลี่ยนแปลง<br>
<b>secure</b> - safe from attack or harm ปลอดภัย<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Piya Sosothikul is an
executive vice-president with Bangkok Bank.
Meeting the Challenges appears every two weeks. Questions, comments or
suggestions can be sent to </span><a
 style="font-family: Georgia;" href="asiafocus@bangkokpost.co.th">asiafocus@bangkokpost.co.th</a><span
 style="font-family: Georgia;">
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source:</span><span
 style="font-family: Georgia;"> Bangkok Post, Economics,
MEETING THE CHALLENGES, Trading Thailand's</span><span
 style="font-style: italic; font-family: Georgia;">
agricultural </span><b
 style="font-style: italic; font-family: Georgia;">commodities</b><span
 style="font-style: italic; font-family: Georgia;">, </span><span
 style="font-family: Georgia;">6/09/2010, Piya Sosothikul,
Bangkok Bank, </span><a style="font-family: Georgia;"
 href="http://www.bangkokpost.com/business/economics/194802/trading-thailand-s-agricultural-commodities">link</a><span
 style="font-family: Georgia;">)&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<br style="font-family: Georgia;">
</body>
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</entry>
<entry>
    <title>Thailand&apos;s monetary policy of inflation targeting (06-08-10)</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/central_bank_inflation_exchange_rate_and_monetary_policy/thailands_monetary_policy_of_i.php" />
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    <id>tag:www.readbangkokpost.com,2010:/business//8.12270</id>
    
    <published>2010-09-06T09:55:09Z</published>
    <updated>2010-09-07T07:54:23Z</updated>
    
    <summary> inflationtargeting1 Thailand&apos;s monetary policy of inflation targeting By Jon Fernquest [Download: MP3 Audio] Inflation targeting was chosen as Thailand&apos;s official monetary policy in the year 2000 just after the 1997 Asian Crisis (See Bank of Thailand). The policy of...</summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Central Bank: Inflation, Exchange Rate, and Monetary Policy" />
    
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<h3 style="font-family: Georgia;">Thailand's <span
 style="font-style: italic;">monetary policy</span> of<span
 style="font-style: italic;"> inflation targeting</span>
</h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br>
<br>
[Download: <a
 href="http://www.readbangkokpost.com/business/inflationtargetingextract.mp3">MP3
Audio</a>]<br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><img
 style="border: 1px solid ; float: right;"
 alt="inflation targeting"
 src="http://www.readbangkokpost.com/business/inflationtargeting.jpg"
 hspace="5">Inflation targeting</span><span
 style="font-family: Georgia;"> was chosen as Thailand's
official </span><span
 style="font-weight: bold; font-family: Georgia;">monetary
policy</span><span style="font-family: Georgia;"> in
the year 2000 just after the </span><span
 style="font-weight: bold; font-family: Georgia;">1997 Asian
Crisis</span><span style="font-family: Georgia;">
(See </span><a style="font-family: Georgia;"
 href="http://www.bot.or.th/English/MonetaryPolicy/Target/Framework/Pages/index.aspx">Bank
of Thailand</a><span style="font-family: Georgia;">).
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The policy of
inflation targeting provides an </span><span
 style="font-weight: bold; font-family: Georgia;">explicit</span><span
 style="font-family: Georgia;"> rule that must be followed.
This prevents </span><span
 style="font-weight: bold; font-family: Georgia;">vested
interests</span><span style="font-family: Georgia;">
from </span><span
 style="font-weight: bold; font-family: Georgia;">manipulating</span><span
 style="font-family: Georgia;"> monetary policy for political
purposes. </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article is an
extract from a long article in the Bangkok Post that explains inflation
targeting (Read the <a
 href="http://www.bangkokpost.com/business/economics/194357/what-underlies-the-up-cycle-for-interest-rates">full
article here</a>). </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article begins
after the vocabulary. </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">inflation targeting</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 15px; line-height: 21px;"><span
 class="Apple-converted-space"> - adjusting monetary policy
and interest rates upwards and downwards based on forecast inflation in
order to keep future inflation within a given range</span> (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://www.economist.com/research/Economics/alphabetic.cfm?letter=I#inflationtarget"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<span style="font-weight: bold;">monetary policy - </span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 15px; line-height: 21px;">the policy of
the central bank in influencing the cost and availability of credit
through interest rates and other measures, with the goals of promoting
economic growth, full employment, price stability and balanced trade
with other countries<span style="font-weight: bold;"><span
 class="Apple-converted-space"></span></span><span
 style="font-weight: bold;"><span
 class="Apple-converted-space"></span></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;">&nbsp;(See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://www.google.com/search?hl=en&amp;rls=com.microsoft:en-US:IE-SearchBox&amp;rlz=1I7SKPB&amp;defl=en&amp;q=define:Monetary+policy&amp;ei=jf2YSdSWKJSC6gOpveC2Dg&amp;sa=X&amp;oi=glossary_definition&amp;ct=title"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Google
definitions</a>)</span></span></span></span><br>
<span style="font-weight: bold;">1997 Asian Crisis - </span>(See
<a href="http://en.wikipedia.org/wiki/1997_Asian_Financial_Crisis">Wikipedia</a>)<br>
<span style="font-weight: bold;">explicit</span> <span
 style="font-weight: bold;"></span>- said in a very
clear way (so there can be no misunderstanding about what is meant)<br>
<span style="font-weight: bold;">vested interests - </span>people
who will benefit from things happening in a certain way or from certain
decisions being made (so they try to steer events to benefit them)<br>
<span style="font-weight: bold;">manipulating</span>
- trying to <span style="font-style: italic;">control</span>
events or some activity<span style="font-style: italic;">
for your own benefit </span>in a dishonest way <br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Inflation targeting in
Thailand&nbsp; </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Economics
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">BEHIND THE NUMBERS
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">What underlies the </span><span
 style="font-style: italic; font-family: Georgia;">up </span><b
 style="font-style: italic; font-family: Georgia;">cycle</b><span
 style="font-family: Georgia;"> for </span><b
 style="font-family: Georgia;">interest</b><span
 style="font-family: Georgia;">
rates
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">3/09/2010</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The Bank of Thailand's
</span><span style="font-weight: bold; font-family: Georgia;">Monetary
Policy Committee (MPC) </span><span
 style="font-family: Georgia;">has raised its </span><b
 style="font-family: Georgia;">policy</b><span
 style="font-family: Georgia;">
</span><b style="font-weight: bold; font-family: Georgia;">interest
rate</b><span style="font-family: Georgia;"> twice
so far this year, marking a
</span><span style="font-weight: bold; font-family: Georgia;">definite
</span><span style="font-family: Georgia;">end of
the </span><span
 style="font-weight: bold; font-family: Georgia;">historically
low</span><span style="font-family: Georgia;">
interest rate period.
Still, opinions differ about the </span><span
 style="font-weight: bold; font-family: Georgia;">suitability</span><span
 style="font-family: Georgia;"> of the rate rises. Were
they </span><span
 style="font-weight: bold; font-family: Georgia;">justified</span><span
 style="font-family: Georgia;">? Was the </span><span
 style="font-weight: bold; font-family: Georgia;">timing</span><span
 style="font-family: Georgia;"> right? Only the MPC members
can answer
these questions, yet few details ever </span><span
 style="font-weight: bold; font-family: Georgia;">come to
light</span><span style="font-family: Georgia;">
regarding their
</span><b style="font-weight: bold; font-family: Georgia;">decision-making
process</b><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The </span><b
 style="font-weight: bold; font-family: Georgia;">central bank</b><span
 style="font-family: Georgia;"> has used </span><b
 style="font-family: Georgia;">inflation</b><span
 style="font-family: Georgia;">
</span><b style="font-family: Georgia;">targeting</b><span
 style="font-family: Georgia;"> since 2000 as a policy rule,
exactly a </span><b style="font-family: Georgia;">decade</b><span
 style="font-family: Georgia;"> after its </span><span
 style="font-weight: bold; font-family: Georgia;">initial
introduction</span><span style="font-family: Georgia;">
in New Zealand. Under this method, the inflation target
- currently within a </span><b style="font-family: Georgia;">range</b><span
 style="font-family: Georgia;"> of 0.5% to 3.0% for </span><b
 style="font-weight: bold; font-family: Georgia;">annual</b><span
 style="font-weight: bold; font-family: Georgia;">
</span><b style="font-weight: bold; font-family: Georgia;">core</b><span
 style="font-weight: bold; font-family: Georgia;"> inflation</span><span
 style="font-family: Georgia;"> - must be </span><span
 style="font-weight: bold; font-family: Georgia;">made public</span><span
 style="font-family: Georgia;"> but not the
decision-making process behind it.
</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span>
<div style="margin-left: 40px; font-family: Georgia;"><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">monetary policy -<span
 class="Apple-converted-space">&nbsp;</span></span>the
policy of the central bank in influencing the cost and availability of
credit through interest rates and other measures, with the goals of
promoting economic growth, full employment, price stability and
balanced trade with other countries<span style="font-weight: bold;"><span
 class="Apple-converted-space">&nbsp;</span></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;">&nbsp;(See <a
 href="http://www.google.com/search?hl=en&amp;rls=com.microsoft:en-US:IE-SearchBox&amp;rlz=1I7SKPB&amp;defl=en&amp;q=define:Monetary+policy&amp;ei=jf2YSdSWKJSC6gOpveC2Dg&amp;sa=X&amp;oi=glossary_definition&amp;ct=title"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Google
definitions</a><span style="font-weight: bold;">)</span></span></span><span
 style="font-weight: bold;"></span></span></span><span
 style="font-weight: bold;"><br>
Monetary Policy Committee (MPC) </span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;"></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;"><span
 class="Apple-converted-space"></span></span>-
the group of people in the central bank that make monthly decisions on
Thailand's monetary policy คณะกรรมการนโยบายการเงิน</span></span></span></span><br>
<b>cycle</b> - a series of events repeated over and over
again (in the same order)<br>
<b>policy</b> - a set of plans or action agreed on by a
government, political party, business, or other group
นโยบาย&nbsp;(See <a href="http://en.wikipedia.org/wiki/Policy">Wikipedia</a>)<br>
<b>interest</b> - payments made for the use of another's
money for a period of time<span style="font-weight: bold;"></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><br>
</span></span><b style="font-weight: bold;">interest</b><span
 style="font-weight: bold;"><span
 class="Apple-converted-space">&nbsp;</span>rate -</span><span
 class="Apple-converted-space">&nbsp;</span>a
percentage of the total amount loaned by a bank that it charges as a
fee (interest) for borrowing money (the principal)<span
 class="Apple-converted-space">&nbsp;</span></span></span><br>
<b>policy</b>
<b style="font-weight: bold;">interest rate</b><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 18px; line-height: 25px;"><span
 style="font-weight: bold;"></span></span></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"></span></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 15px; line-height: 21px;"><span
 style="font-weight: bold;"><span
 class="Apple-converted-space">&nbsp;</span></span>-
an interest rate set by the government central bank to supply the
amount of credit and money in an economy
นโยบายหรือการกำหนดอัตราดอกเบี้ยของแบงค์ชาติ</span></span><br>
<span style="font-weight: bold;">definite - </span><span
 style="font-weight: bold;"></span>certain, specific,
clearly decided <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">historically low</span> -
if compared with the past (history), it is low <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">suitability</span> - what
is right or appropriate in a certain situation <br>
<span style="font-weight: bold;">justified</span> -
right in doing what they did, had a good reason for doing it <br>
<span style="font-weight: bold;">timing</span> -
doing something at the right time <br>
<span style="font-weight: bold;">come to light</span>
- find out and discover something you did not know yet <br>
<b>process</b> - a series of actions that you take in order
to achieve a result แนวทางปฏิบัติ, กระบวน, วิธีการ<br>
<b style="font-weight: bold;">decision-making process</b>
- all the actions taken before a decision is made, to make sure the
decision is the right or best one (example: asking people affected by
decision (feedback))<br>
<b style="font-weight: bold;">central bank</b><strong></strong><span
 class="Apple-converted-space">&nbsp;</span>-
the government's bank that controls all the other banks in a country,
sets monetary policy, maintains the stability of the national currency
and money supply, sets interest rates and inflation targets, saves
failing banks as a<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Lender_of_last_resort"
 style="text-decoration: underline; color: rgb(51, 102, 204);">lender
of last resort</a><span class="Apple-converted-space">&nbsp;</span>during
times of financial crisis (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Central_bank"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>
)<strong><br>
Bank of Thailand (BOT)</strong><span
 class="Apple-converted-space">&nbsp;</span>-
Thailand's central bank (Read<span class="Apple-converted-space">&nbsp;</span><a
 href="http://www.mahidol.ac.th/thailand/bank.html"
 style="text-decoration: underline; color: rgb(51, 102, 204);">description
at Mahidol University</a>)<br>
<b>inflation</b> - the level of prices rising in the
economy as a whole&nbsp;(See<a
 href="http://www.economist.com/research/economics/alphabetic.cfm?letter=I#inflation">
Economist Glossary</a>) อัตราเงินเฟ้อ ภาวะเงินเฟ้อ<br>
<b>target</b> - the amount you are planning to achieve
เป้าหมาย<br>
<b>targeting</b> - aiming an attack or criticism against
someone; trying to have an effect on a particular group of people<br>
<b>targeting</b> - directing advertising, criticism or a
product at someone เล็งไปที่<br>
<b>decade</b> - a period of ten years ทศวรรษ<br>
<b>initial</b> - early; first ในเบื้องต้น<br>
<span style="font-weight: bold;">introduction</span>
- bring something to place to a place for the first time (so it can be
used there)<br>
<b>range</b> - a number of different things that are of the
same general type ขอบข่าย, ประเภท<br>
<b>annual</b> - happening once a year ประจำปี<br>
<b>core</b> - the most important and central part แก่น
สิ่งที่สำคัญที่สุด, ส่วนสำคัญ<span style="font-weight: bold;"></span><br>
<span class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"></span></div>
<span class="Apple-style-span"
 style="font-size: 12px; line-height: 16px; font-family: Georgia;">
<div style="margin-left: 40px;"><b>core</b><span
 class="Apple-converted-space">&nbsp;</span>- the
most important or most basic part of something ส่วนสำคัญ, แก่น
สิ่งที่สำคัญที่สุด<br>
<span class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><b>core
inflation -<span class="Apple-converted-space">&nbsp;</span></b>a
measure of inflation excluding goods with volatile price movements,
such as food and energy<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space"><span
 class="Apple-converted-space"></span></span></span></span></span><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;">(See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Core_inflation"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a><span
 class="Apple-converted-space">&nbsp;</span>and<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://economistsview.typepad.com/economistsview/2008/08/why-do-we-use-c.html"
 style="text-decoration: underline; color: rgb(51, 102, 204);">article
at Economist's View blog on possible confusions over the term</a>)</span></span></span><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space"><span
 class="Apple-converted-space"> <br>
</span></span></span></span></span><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><b>inflation</b><span
 class="Apple-converted-space">&nbsp;</span>- the
level of prices rising in the economy as a whole (See Wikipedia and<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://www.economist.com/research/economics/alphabetic.cfm?letter=I#inflation"
 style="text-decoration: underline; color: rgb(51, 102, 204);">The
Economist glossary</a>) ภาวะเงินเฟ้อ, อัตราเงินเฟ้อ<br>
</span><span class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">made public</span> - tell
the people ofthe country what it is&nbsp;</span></div>
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">Why inflation
targeting? Economists </span><b style="font-family: Georgia;">advocate</b><span
 style="font-family: Georgia;"> this
</span><span style="font-weight: bold; font-family: Georgia;">explicit
monetary policy rule</span><span style="font-family: Georgia;">
because, as experience</span><span
 style="font-weight: bold; font-family: Georgia;"> attests</span><span
 style="font-family: Georgia;">, </span><b
 style="font-weight: bold; font-family: Georgia;">money
printing authority</b><span style="font-family: Georgia;">
allowed to run </span><b style="font-family: Georgia;">rampant</b><span
 style="font-family: Georgia;">
(plus political power) can do more </span><b
 style="font-family: Georgia;">harm</b><span
 style="font-family: Georgia;">
than good. By </span><span
 style="font-weight: bold; font-family: Georgia;">prescribing</span><span
 style="font-family: Georgia;"> a rule for the central bank
to follow, it
</span><span style="font-weight: bold; font-family: Georgia;">guarantees</span><span
 style="font-family: Georgia;"> a </span><span
 style="font-weight: bold; font-family: Georgia;">minimum</span><span
 style="font-family: Georgia;"> of </span><b
 style="font-family: Georgia;">independence</b><span
 style="font-family: Georgia;"> for the
central bank, giving it a </span><b
 style="font-family: Georgia;">reason</b><span
 style="font-family: Georgia;"> to say no to
</span><b style="font-weight: bold; font-family: Georgia;">political
pressure</b><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">However, monetary
policy rules have </span><b
 style="font-weight: bold; font-family: Georgia;">had their
share</b><span style="font-weight: bold; font-family: Georgia;">
of</span><span style="font-family: Georgia;">
failure in the past. Money growth targeting, where central banks
publicly announce the rate at which new money will enter the economy,
has failed to </span><b style="font-family: Georgia;">respond</b><span
 style="font-family: Georgia;"> to rapidly changing </span><b
 style="font-family: Georgia;">demands</b><span
 style="font-family: Georgia;">
for </span><b style="font-family: Georgia;">liquidity</b><span
 style="font-family: Georgia;">, especially during difficult
times
such as the</span><b
 style="font-weight: bold; font-family: Georgia;"> savings
and loan</b><span
 style="font-weight: bold; font-family: Georgia;"> </span><b
 style="font-weight: bold; font-family: Georgia;">crisis</b><span
 style="font-family: Georgia;">
in the US. The </span><b
 style="font-weight: bold; font-family: Georgia;">fixed</b><span
 style="font-weight: bold; font-family: Georgia;"> exchange
rate</span><span style="font-family: Georgia;"> was
another
widely adopted monetary policy rule of the 1990s, and it left </span><span
 style="font-weight: bold; font-family: Georgia;">nothing
short of</span><span style="font-family: Georgia;">
an economic mess in Asia after the regional </span><b
 style="font-family: Georgia;">currency</b><span
 style="font-family: Georgia;">
</span><b style="font-family: Georgia;">collapse</b><span
 style="font-family: Georgia;"> in 1997.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>advocate</b>
- to publicly support and recommend สนับสนุน<br>
<span style="font-weight: bold;">explicit - </span>said
in a very clear way (so that people will understand for sure)<br>
<span style="font-weight: bold;">explicit monetary policy
rule</span> - a very clear rule for monetary policy (that market
particpants and banks can understand easily)<br>
<span style="font-weight: bold;">attest - </span>showing
that something is true (giving evidence or proof that it is true)<span
 style="font-weight: bold;"></span><br>
<b>authority</b> - the power to make decisions or tell
people what to do อำนาจ, อำนาจในการสั่งการ<br>
<b style="font-weight: bold;">money
printing authority - </b>the government agency in charge of
making money (printing bills and minting coins) <br>
<b>rampant</b> - existing, happening or spreading in an
uncontrolled way รุกลาม อาละวาด กำเริบ รุนแรงจนควบคุมไว้ไม่ได้<br>
<span style="font-weight: bold;">run rampant - </span>moving
in an uncontrolled way <br>
<b>harm</b> - damage ความเสียหาย<br>
<span style="font-weight: bold;">prescribing</span>
- stating officially what should be done in a situation <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">guarantees</span> - to make
it certain that something will exist or happen <br>
<span style="font-weight: bold;">minimum</span> -
the smallest possible <br>
<b>independence</b> - not being influenced by or dependent
on other people เป็นหน่วยงานอิสระ<br>
<b>reason</b> - an explanation of an event, why an event
happened เหตุ ; เหตุผล ; สาเหตุ<br>
<b>pressure</b> - when people are being pushed or forced to
so something<br>
<b style="font-weight: bold;">political pressure - </b>when
politicians force people to do things (example: force central bank to
change monetary policy) <br>
<b style="font-weight: bold;">had their share</b><span
 style="font-weight: bold;">
of Y -</span> experienced a lot of Y&nbsp; <br>
<b>respond</b> - to say or do something as a reaction to
something that has been said or done ตอบสนอง, ตอบรับ<br>
<b>demands</b> - the things that someone is asking you to do<br>
<b>liquidity</b> - the availability of cash and loans in
the economy
(through loans) to businesses and consumers (to meet their needs)<br>
<b>liquidity</b> - the ability to reduce assets to cash
quickly by selling them without losing money (when confidence collapses
and everyone is selling this is difficult) สภาพคล่อง<br>
<b>loan</b> - an amount of money that a person, business,
or country borrows, especially from a bank เงินกู้<br>
<b>crisis</b> - an urgent, difficult or dangerous situation
วิกฤต<br>
<b style="font-weight: bold;">savings and loan</b><span
 style="font-weight: bold;"> </span><b
 style="font-weight: bold;">crisis - </b><span
 style="font-weight: bold;"></span>a very large banking
crisis in the US during the 1980s and 1990s in which the US government
had to bail out hundreds of banks (See <a
 href="http://en.wikipedia.org/wiki/Savings_and_loan_crisis">Wikipedia</a>)<br>
<span style="font-weight: bold;"></span><b
 style="font-weight: bold;">fixed</b><span
 style="font-weight: bold;"> exchange rate</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 15px; line-height: 21px;"><span
 style="font-weight: bold;">&nbsp;-</span><span
 class="Apple-converted-space">&nbsp;</span>when
the value of a country's currency is tied or matched to the value of
another single country's currency or a combination of other countries'
currencies, also called a "pegged exchange rate" (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Fixed_exchange_rate"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<span style="font-weight: bold;">widely adopted - </span>many
people used <br>
<span style="font-weight: bold;">nothing
short of Y -</span> Y was the situation (even though Y was very
bad and almost unbelievable)&nbsp; <br>
<b>currency</b> - a widely used the money accepted for
exchange of goods in an economy เงินตรา (See <a
 href="http://en.wikipedia.org/wiki/Currency">Wikipedia</a>)<br>
<b>collapse</b> - falling suddenly ล้ม พังครืน<span
 style="font-weight: bold;"></span><br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Inflation targeting,
the newest monetary policy rule, has yet to </span><span
 style="font-weight: bold; font-family: Georgia;">wreak
havoc</span><span style="font-family: Georgia;"> on
the same </span><b style="font-family: Georgia;">scale</b><span
 style="font-family: Georgia;"> as other policy rules.
Despite its name, inflation targeting </span><b
 style="font-weight: bold; font-family: Georgia;">in practice</b><span
 style="font-family: Georgia;">
is more </span><b style="font-family: Georgia;">accommodating</b><span
 style="font-family: Georgia;"> than any past monetary policy
rules, and it focuses on more than just </span><span
 style="font-weight: bold; font-family: Georgia;">taming
inflation</span><span style="font-family: Georgia;">.
Its </span><b style="font-family: Georgia;">critics</b><span
 style="font-family: Georgia;">
often complain about its </span><b
 style="font-family: Georgia;">lack</b><span
 style="font-family: Georgia;"> of </span><b
 style="font-family: Georgia;">emphasis</b><span
 style="font-family: Georgia;">
on economic activity, but as the latest crisis demonstrated, that is
certainly not the case. Because central banks have no </span><b
 style="font-family: Georgia;">direct</b><span
 style="font-family: Georgia;">
control over inflation, inflation targeting provides some </span><span
 style="font-weight: bold; font-family: Georgia;">wiggle room</span><span
 style="font-family: Georgia;">
for policy action when it is needed. This is in </span><b
 style="font-family: Georgia;">contrast</b><span
 style="font-family: Georgia;">
to money growth targeting and fixed exchange rates, in which the
authority is completely tied to the direct </span><b
 style="font-family: Georgia;">targets</b><span
 style="font-family: Georgia;">
of those rules....(see </span><a style="font-family: Georgia;"
 href="http://www.bangkokpost.com/business/economics/194357/what-underlies-the-up-cycle-for-interest-rates">rest
of article</a><span style="font-family: Georgia;">)</span><br
 style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span>
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">wreak
havoc</span>- to cause great harm, damage and destruction <br>
<b>scale</b> - size (relative size)<br>
<b>practice</b> - a way of doing something การปฏิบัติ<br>
<b style="font-weight: bold;">in practice</b> - as
it is actually done, as people actually do it (not just ideas or
theory) <br>
<b style="font-weight: bold;">accommodat<span
 style="font-style: italic;">ing</span></b><span
 style="font-style: italic;"> </span><span
 style="font-weight: bold;"> monetary policy - </span>same
as "accommodative monetary policy" (See next item)<br>
<span style="font-weight: bold;">accommodat<span
 style="font-style: italic;">ive</span> monetary policy</span>
- making more credit and loans available<br>
<span style="font-weight: bold;"><span
 style="font-style: italic;">taming</span> inflation</span>
- <span style="font-style: italic;">controlling</span>
inflation (reducing inflation and its bad effects)<br>
<b>critics</b> - people who don't like something and who
state their opinion about it นักวิจารณ์<br>
<b>critics</b> - people who look for things that are wrong
and bad about a project or idea<br>
<b>lack</b> - does not have ขาดแคลน<br>
<b>emphasis</b> - special importance or attention that is
given to one thing in particular การเน้นย้ำ<br>
<b>direct</b> - A affects D, changes immediately, changes
straightaway <br>
<span style="font-weight: bold;">indirect -</span> A
affects B affects C affects ...[many steps in between].... affects D<br>
<span style="font-weight: bold;">wiggle room - </span>some
flexibility or room for changing what you are doing (here: flexibility
in policy)<br>
<b>contrast</b> - a noticeable difference,&nbsp;a
difference between two things when you
compare them ความแตกต่าง<br>
<b>targets</b> - goals or levels you plan to achieve<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source:</span><span
 style="font-family: Georgia;"> Bangkok Post, Inflation
targeting in Thailand, Economics, BEHIND THE NUMBERS, What underlies
the </span><span
 style="font-style: italic; font-family: Georgia;">up </span><b
 style="font-style: italic; font-family: Georgia;">cycle</b><span
 style="font-family: Georgia;"> for </span><b
 style="font-family: Georgia;">interest</b><span
 style="font-family: Georgia;">
rates, 3/09/2010, </span><a style="font-family: Georgia;"
 href="http://www.bangkokpost.com/business/economics/194357/what-underlies-the-up-cycle-for-interest-rates">link</a><span
 style="font-family: Georgia;">) </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">&nbsp;</span><br
 style="font-family: Georgia;">
</body>
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    </content>
</entry>
<entry>
    <title>Will Baht appreciation reduce Thailand&apos;s export-competitiveness? (03-09-10)</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/financial_markets/will_baht_appreciation_reduce.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12258" title="Will Baht appreciation reduce Thailand's export-competitiveness? (03-09-10)" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12258</id>
    
    <published>2010-09-03T05:49:32Z</published>
    <updated>2010-09-03T06:43:26Z</updated>
    
    <summary><![CDATA[ bahtappreciation Will Baht appreciation reduce Thailand's export-competitiveness?&nbsp; By Jon Fernquest In 2007 the Thai baht rose in value (See archives). Other ways of saying this are: "the baht appreciated" or "the baht strengthened." The danger is that a currency...]]></summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Financial Markets" />
    
    <content type="html" xml:lang="en" xml:base="http://www.readbangkokpost.com/business/">
        <![CDATA[<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01//EN" "http://www.w3.org/TR/html4/strict.dtd">
<html>
<head>
  <meta content="text/html; charset=utf-8"
 http-equiv="content-type">
  <title>bahtappreciation</title>
</head>
<body>
<h3>Will Baht <span style="font-style: italic;">appreciation</span>
reduce Thailand's <span style="font-style: italic;">export-competitiveness</span>?&nbsp;
</h3>
By Jon Fernquest <br>
<br>
<img style="border: 1px solid ; float: right;" alt="baht coin"
 src="http://www.readbangkokpost.com/images/baht2.jpg" hspace="5">In
2007 the Thai baht rose in value (See <a
 href="http://www.readbangkokpost.com/business/2007_currency_crisis/">archives</a>).<br>
<br>
Other ways of saying this are: "the baht appreciated" or "the baht
strengthened."<br>
<br>
The danger is that a currency <span style="font-weight: bold;">appreciates</span>
and becomes more expensive relative to other currencies
(See&nbsp;infographic below).<br>
<br>
This <span style="font-style: italic;">would</span>
make a country's exports more expensive and less <span
 style="font-weight: bold;">competitive</span> in world
markets. <br>
<br>
<span style="font-weight: bold;">Consumers</span> in
other countries <span style="font-style: italic;">would</span>
be less likely to buy these export goods and the country's income from
export goods <span style="font-style: italic;">would</span>
decrease. <br>
<br>
An economy like Thailand's is <span style="font-weight: bold;">heavily
dependent on</span> income <span style="font-weight: bold;">generated
by</span> exports (Read <a
 href="http://www.readbangkokpost.com/easybusinessnews/macroeconomics/supavud_saicheua_on_thailands_1.php">recent
article on Thailand's economic strategy</a>).<br>
<br>
In today's Bangkok Post there are two more important articles on the
baht appreciation issue (Read articles <a
 href="http://www.bangkokpost.com/news/local/194334/abhisit-orders-bot-to-monitor-soaring-baht">#1</a>
and <a
 href="http://www.bangkokpost.com/business/economics/194356/ministry-fti-form-baht-panel">#2</a>).
<br>
<br>
Today's article begins after the vocabulary and infographic below. <br>
<br style="font-weight: bold;">
<div style="margin-left: 40px;"><span
 style="font-weight: bold;"></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-family: Georgia; font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">X appreciates against Y</span><span
 class="Apple-converted-space"> (verb) </span>-
currency X increased in value compared to currency Y
&nbsp;&nbsp;ค่าเงินของ x เพิ่มขึ้น เมื่อเทียบกับค่าเงินของ y</span></span><br>
<span style="font-weight: bold;">appreciation</span>
(noun) <span style="font-weight: bold;"></span><br>
<b>competitiveness</b> (noun) - how well a business or
country can
do compared to others (does it have lower price or higher quality?)
การแข่งขัน<br>
<span style="font-weight: bold;">competitive </span><span
 style="font-weight: bold;"></span>(adjective)<br
 style="font-weight: bold;">
<span style="font-weight: bold;">export-competitiveness</span>
- how attractive a country's exports are compared to those of other
countries (lower price? higher quality?)<br
 style="font-weight: bold;">
<span style="font-weight: bold;">consumer - </span>a
person or family (household) that buys and uses goods and services
&nbsp;ผู้บริโภค<br style="font-weight: bold;">
<span style="font-weight: bold;">X dependent on Y</span>
- X needs Y to continue existence (continue living, continue in
business, ) <br style="font-weight: bold;">
<span style="font-weight: bold;">heavily dependent - </span>very
dependent<span style="font-weight: bold;">&nbsp; </span><br
 style="font-weight: bold;">
<span style="font-weight: bold;">generated
by&nbsp;-&nbsp;</span>created by<span
 style="font-weight: bold;"> &nbsp; &nbsp; </span><br>
</div>
<h4><img style="border: 1px solid ;"
 alt="baht appreciation"
 src="http://www.readbangkokpost.com/business/bahtappreciation2.jpg"
 align="top" hspace="5"><br>
</h4>
<h4>Baht soars against <span style="font-style: italic;">greenback</span>
</h4>
<span style="font-style: italic; font-weight: bold;">Concerns
</span><b style="font-style: italic; font-weight: bold;">mount</b>
over <span style="font-style: italic; font-weight: bold;">export-</span><b
 style="font-style: italic; font-weight: bold;">competitiveness</b><span
 style="font-style: italic; font-weight: bold;">
</span><br>
2/09/2010
<br>
Post Reporters
<br>
<br>
The baht is continuing to <span style="font-weight: bold;">gain
ground against</span> the US dollar, hitting a
two-year high on continued foreign inflows into the Thai financial
markets.
<br>
<br>
Prime Minister Abhisit Vejjajiva is due to meet with Finance Minister
Korn Chatikavanij, <b style="font-weight: bold;">central
bank</b> governor Tarisa Watanagase and other ministers today to
discuss the rise in the <b>currency</b>.
<br>
<br>
<div style="margin-left: 40px;"><span
 style="font-weight: bold;">greenback -</span> US
dollar <br style="font-weight: bold;">
<span style="font-weight: bold;">concerns </span>-
feelings of worry about some important issue <br
 style="font-weight: bold;">
<span style="font-weight: bold;">concerns <span
 style="font-style: italic;">mount </span></span>-
concerns <span style="font-style: italic;">increase</span>
<br style="font-weight: bold;">
<b style="font-weight: bold;">mount</b> - to
increase เพิ่มขึ้น<br>
<b>competitiveness</b> - how well a business or country can
do compared to others (does it have lower price or higher quality?)
การแข่งขัน<br>
<span style="font-weight: bold;">export-competitiveness - </span>how
well a country's exports sell compared to other countries (based on
lower price or higher quality)<span style="font-weight: bold;"><br>
</span><span style="font-weight: bold;">X&nbsp;gains
ground
against Y - </span>X moving faster than Y (eventually will catch
up to) <br>
<b style="font-weight: bold;">central bank</b><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-family: Arial,Helvetica,sans-serif; font-size: 12px; line-height: 16px;"><strong>
</strong>-
the government's bank that controls all the other banks in a country,
sets monetary policy, maintains the stability of the national currency
and money supply, sets interest rates and inflation targets, saves
failing banks as a<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Lender_of_last_resort"
 style="font-family: Arial,Helvetica,sans-serif; text-decoration: underline; color: rgb(51, 102, 204);">lender
of last resort</a><span class="Apple-converted-space">&nbsp;</span>during
times of financial crisis (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Central_bank"
 style="font-family: Arial,Helvetica,sans-serif; text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<b>currency</b> - a widely used the money accepted for
exchange of goods in an economy เงินตรา (See <a
 href="http://en.wikipedia.org/wiki/Currency">Wikipedia</a>)<br>
</div>
<br>
The baht, which <b>traded</b> at 31.1 to the US dollar
yesterday, has gained more than 6% against the greenback in the year to
date, <b>prompting</b> <b>concerns</b> among
business leaders and <b>policy</b> makers about whether
the country would lose competitiveness in <b>global</b>
export markets
<br>
<br>
The baht has been one of the strongest performers in the region this
year, ranking only behind the Japanese yen and Malaysian ringgit.
<br>
<br>
In <b>contrast</b>, Vietnam's dong has fallen over 5.5%
against the dollar following several <span
 style="font-weight: bold;">devaluations</span> in a <b>bid</b>
to <b>boost</b> exports.
<br>
<br>
<div style="margin-left: 40px;"><b>traded</b>
- bought and sold ค้าขาย<br>
<b>prompting</b> - causing<br>
<b>concerns</b> - worries ความกังวล<br>
<b>policy</b> - a set of plans or action agreed on by a
government, political party, business, or other group
นโยบาย&nbsp;(See <a href="http://en.wikipedia.org/wiki/Policy">Wikipedia</a>)<br>
<b>global</b> - throughout the world ทั่วโลก<br>
<b>contrast</b> - a noticeable difference between two
things when comparing ความแตกต่าง<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-family: Georgia; font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space"></span><br>
<b>devaluation</b><span class="Apple-converted-space">&nbsp;</span>-
when a currency becomes less valuable or "weaker" compared to other
currencies (meaning that less of the currency buys the same amount of
goods as before) การลดค่าเงินบาท</span></span><span
 style="font-weight: bold;"></span><br>
<b>bid</b> - an attempt to do something ความพยายาม<br>
<b>boost</b> - to increase; to strengthen เพิ่ม;
ทำให้มีกำลังมากขึ้น<br>
</div>
<br>
Ms Tarisa said Thailand's exports had continued to grow despite the
baht <span style="font-weight: bold;">appreciating</span>
faster than other currencies against the dollar.
<br>
<br>
Right now, we <b>rank</b> second <b
 style="font-weight: bold;">in terms</b><span
 style="font-weight: bold;"> of</span> currency <b>appreciation</b>
in the region," she said yesterday.
<br>
<br>
Even so, exports have risen by as much as 30%, even though the stronger
baht <b>means</b> lower <b>revenues</b> in
baht terms.
<br>
<br>
<div style="margin-left: 40px;"><span
 style="font-weight: bold;">appreciating - </span>when
a currency is increasing in value compared to other currencies (this
makes the countries more expensive and less competitive on
international markets)<br>
<b>rank</b>
- the position or level in a group given by the order: 1st, 2nd, 3rd,
4th,... (example: an employee in an organization, sportsman in
competition, country among all countries, etc) that an employee has in
an organisation<br>
<b>rank</b> -
someone's official position in the armed forces, police, fire services,
etc. ตำแหน่ง<br>
<b style="font-weight: bold;">in terms</b><span
 style="font-weight: bold;"> of - </span>measured by <br>
<b>appreciation</b>
- when a country's currency becomes more valuable compared to the
currencies of other countries (which makes goods exported from the
country more expensive)&nbsp;<br>
<b>revenues</b> - the money that a company receives from
selling its product รายรับ<br>
</div>
<br>
Exports have been the <span style="font-weight: bold;">main
driver of the economy</span> this year, <span
 style="font-weight: bold;">surging</span> 37%<span
 style="font-weight: bold;"> year-on-year</span>
through the first six months to help push growth to 10.6% for the first
half.
<br>
<br>
<span style="font-weight: bold;">Capital inflows</span>
from a <b>trade</b> <b>surplus</b> and <b>investment</b>
have been a major <b>factor</b> pushing the baht to
appreciate, despite <b>intervention</b> by the <span
 style="font-weight: bold;">central bank</span> that
has pushed the country's foreign <b>reserves</b> up to <b>record</b>
levels of more than US$150 billion (4.7 trillion baht).<br>
&nbsp;<br>
<div style="margin-left: 40px;"><span
 style="font-weight: bold;">main driver of the economy</span>
- the most important thing that is making the economy keep moving and
growing <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">surging</span> - increasing
very quickly, very suddenly (like a big wave or tsunami)<br>
<span style="font-weight: bold;"> year-on-year</span>
&nbsp;- compared to the same period last year (example:
year-on-year export figures for the month of March )<br>
<span style="font-weight: bold;">capital </span>-
money invested in a business&nbsp;<br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">capital inflows - </span>investment
money coming into a country, either in the form of portfolio investment
(stocks, bonds, etc) or Foreign Direct Investment (FDI)&nbsp; <br>
<b>trade</b> - the buying and selling of goods การค้าขาย<br>
<b>surplus</b> - an amount above zero, above the required
or necessary
amount (opposite: deficit)<br>
<b>trade surplus - </b>when a country exports more than it
imports&nbsp;<br>
<b>investment</b> - taking your money and putting it into
projects to make a profit or earn interest (buying stock shares, bonds,
real estate)<br>
<b>factor</b> - a fact or situation which influences the
result of something ปัจจัย<br>
<b>intervention</b> - becoming involved in a situation and
trying to change it การแทรกแซง<br>
<span style="font-weight: bold;">central bank</span><strong></strong><span
 class="Apple-converted-space">&nbsp;</span>-
the government's bank that controls all the other banks in a country,
sets monetary policy, maintains the stability of the national currency
and money supply, sets interest rates and inflation targets, saves
failing banks as a<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Lender_of_last_resort"
 style="font-family: Arial,Helvetica,sans-serif; text-decoration: underline; color: rgb(51, 102, 204);">lender
of last resort</a><span class="Apple-converted-space">&nbsp;</span>during
times of financial crisis (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Central_bank"
 style="font-family: Arial,Helvetica,sans-serif; text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)<span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"></span><br>
<b>reserves</b>
- the amount of foreign currency or gold held by a national bank, which
is used for dealing with the national banks of other countries เงินสำรอง<br>
<b>record</b> - the best or most ever achieved สถิติ<br>
</div>
<br>
Ms Tarisa said while the central bank was "<b>monitoring</b>"
the situation closely, exporters had to <b>adjust</b> to
the changing <b>environment</b> by <b
 style="font-weight: bold;">hedging against currency risk</b>,
particularly given the weak <b>recovery</b> in the US and
European economies.<br>
<br>
Exports have already begun to slow in recent weeks, with July exports
of $15.47 billion down sharply from $17.9 billion the previous month.
Agricultural shipments, particularly of rice, were also down due to
growing competition from Vietnam and other countries.
<br>
<br>
Commerce Minister Porntiva Nakasai said yesterday the export <b>target</b>
of 20% growth this year would be "definitely put in <b>jeopardy</b>"
if the baht rose to as high as 30 baht to the dollar.
<br>
<br>
<div style="margin-left: 40px;"><b>monitoring</b>
- regularly checking an ongoing activity or process (to check for
problems or collect information) จับตาดู<br>
<b>adjust</b> - to change something slightly, especially to
make it more correct, effective, or suitable ปรับ<br>
<b>environment</b> - the situation in which people or
organizations live, work and do business (with all the conditions that
affect them in this situation) <br>
<b>risk</b> - the possibility that something dangerous or
unpleasant might happen ความเสี่ยง<br>
<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-family: Georgia; font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">hedging -<span
 class="Apple-converted-space">&nbsp;</span></span>protect
from losing money if the value of shares, currencies or raw materials
changes, by using derivatives such as futures or options, another way
of looking at it: reduce risk by purchasing other offsetting risks
(securities with prices that move in the opposite direction, for
example) (Sees<span class="Apple-converted-space">&nbsp;</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space"></span><a
 href="http://www.economist.com/research/Economics/alphabetic.cfm?letter=H#hedge"
 style="font-family: Arial,Helvetica,sans-serif; text-decoration: underline; color: rgb(51, 102, 204);">The
Economist glossary</a>)</span></span></span></span><br>
<b style="font-weight: bold;">hedging against currency risk</b>
- protecting yourself against the risk that the assets you hold will
lose value due to big changes in the exchange rate of&nbsp; <br>
<b>recovery</b> - when the economy gets better (more jobs,
higher incomes) การฟื้นฟูสภาพ<br>
<b>target</b> - goal, the amount you are planning to
achieve เป้าหมาย<br>
<b>jeopardy</b> - in danger of being harmed or damaged<br>
</div>
<br>
She said the central bank should speed up <b>efforts</b>
to <b>adopt</b> <b>measures</b> to <b>stabilise</b>
the currency.<br>
<br>
Dusit Nontanakorn, the chairman of the <span
 style="font-weight: bold;">Thai Chamber of Commerce</span>,
said the <b style="font-weight: bold;">private sector</b>
could <b>tolerate</b> a <span
 style="font-weight: bold;">stronger baht</span> <b
 style="font-weight: bold;">so long</b><span
 style="font-weight: bold;"> as</span> it <span
 style="font-weight: bold;">moved in line with </span>other
currencies in the region.
&nbsp;<br>
<br>
<div style="margin-left: 40px;"><b>efforts</b>
- the work done towards achieving some goal, people trying to
accomplish something, achieve a goal ความพยายาม<br>
<b>adopt</b> - to accept or to start using something new
นำมาใช้<br>
<b>measures</b> - actions taken to deal with a problem
มาตราการ<br>
<b>stabilise</b> - to reach a state where there are no
longer any major changes or problems ทำให้มีเสถียรภาพ<br>
<span style="font-weight: bold;">chamber of commerce</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-family: Arial,Helvetica,sans-serif; font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space">&nbsp;</span>- a
network of local business people that pursues the following goals: 1.
promotion of trade in their local area, 2. pushing for local
regulations that support business, 3. collecting useful information and
statistics, 4. settlement of disputes between members by means of
arbitration, 5. advocating for business friendly policies at the state,
local, federal, and international levels (See<a
 href="http://en.wikipedia.org/wiki/Chamber_of_commerce"
 style="font-family: Arial,Helvetica,sans-serif; text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<span style="font-weight: bold;">Thai Chamber of Commerce </span>-
a chamber of commerce for the whole country of Thailand (See <a
 href="http://www.thaiechamber.com/Default.asp?LG=ENGLISH">website</a>)<br>
<b>sector</b> - a part of the economy (public sector =
government,
private sector = all businesses, household sector = families and
consumers, banking sector,...)&nbsp; ภาคเศรษฐกิจของประเทศ (See <a
 href="http://en.wikipedia.org/wiki/Sector_%28economy%29">Wikipedia</a>)<br>
<b style="font-weight: bold;">private sector</b> -
all the businesses in an economy or country <br>
<b>tolerate</b> - to accept something unpleasant without
becoming impatient or angry ทน ยอม<br>
<span style="font-weight: bold;">stronger baht</span>
- when the baht becomes more valuable compared to other currencies
(same: baht appreciates) <br>
<span style="font-weight: bold;"></span><b
 style="font-weight: bold;">X so long</b><span
 style="font-weight: bold;"> as Y - </span>if Y
continues then X can continue too <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">moved in line with </span>-
moved together with, moved in the same direction as <br>
</div>
<br>
I think exporters already know to expect greater difficulty <span
 style="font-weight: bold;">going forward</span> due to
higher <span style="font-weight: bold;">foreign exchange
risk</span>," Mr Dusit said.
<br>
<br>
The <span style="font-weight: bold;">Thai National
Shippers' Council (TNSC)</span>, a group of 2,700 exporters, said
export sectors such as agriculture would definitely <b>suffer</b>
from a stronger baht due to their relatively low <b>import</b>
<b>content</b>.
<br>
<br>
While a stronger baht hurts<b style="font-weight: bold;">
local</b><span style="font-weight: bold;"> firms
selling abroad</span>, imported goods such as oil, equipment and
parts become cheaper in local terms
<br>
<br>
TNSC chairman Paiboon Polsuwanna said <span
 style="font-weight: bold;">shrimp and chicken processors</span>,
who export over 40 billion baht worth of goods a year, had import
content of just 15%, mostly in the form of animal feed.
<br>
<br>
Thai exporters are currently unable to compete with competitors in
the region, including those from Indonesia and Malaysia ... and not to
mention the Vietnamese, who have benefited from several rounds of
devaluations," said Mr Paiboon, a former head of the <span
 style="font-weight: bold;">Food Processing
Industry Club</span>.
<br>
<span style="font-weight: bold;"><br>
</span>
<div style="margin-left: 40px;"><span
 style="font-weight: bold;">going forward</span> <span
 style="font-weight: bold;"></span>- in the future <br>
<span style="font-weight: bold;">foreign exchange risk</span>
- the
danger of losing money because a foreign currency you are holding falls
in value before you can change it back into your own currency <span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">Thai National Shippers'
Council (TNSC)</span> - a trade association for Thai companies
that export goods (See <a
 href="http://www.tnsc.com/html/index.php?lang=en">website</a>)<br>
<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-family: Georgia; font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">a trade association</span><span
 class="Apple-converted-space">&nbsp;</span><span
 style="font-weight: bold;"></span>- an organisation
joining together all the companies in an industry in a country to
represent them and defend their rights<span
 class="Apple-converted-space"> </span></span></span>(See
<a href="http://en.wikipedia.org/wiki/Trade_association">Wikipedia</a>)<br>
<b>suffer</b> - to experience physical or mental pain<br>
<b>import</b> - products from another country entering the
country นำเข้า<br>
<b>content</b> - the parts of a good<br>
<span style="font-weight: bold;">import content - </span>the
parts of a product that were imported and brought in from outside the
country <br>
<span style="font-weight: bold;">food processing</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-family: Arial,Helvetica,sans-serif; font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;"><span
 class="Apple-converted-space">&nbsp;</span></span>-
the methods and techniques used to transform raw food ingredients into
food (See&nbsp;<a
 href="http://en.wikipedia.org/wiki/Food_processing"
 style="font-family: Arial,Helvetica,sans-serif; text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<span style="font-weight: bold;">Food Processing
Industry Club - </span>a trade association in Thailand of
companies in the food processing industry <br>
<b>local</b> - in this country&nbsp;Thailand<br>
<b style="font-weight: bold;"> local</b><span
 style="font-weight: bold;"> firms selling abroad - </span>Thai
companies selling goods to other countries <br>
<span style="font-weight: bold;">shrimp and chicken
processors - </span>companies that turn shrimp and chicken and
produce food products to be sold in stores with it <br>
</div>
<br>
Exporters are now <b>suffering</b> every day with losses
from sales. Our <b>margin</b> is <b>expected</b>
to come down <b>significantly</b> in the <b>third
quarter.</b>
<br>
<b><br>
Federation of Thai Industries</b> chairman Payungsak Chartsutipol
agreed that it was important that the baht moved in line with other
currencies in the region.
<br>
<br>
Some of our members are now <span style="font-weight: bold;">projecting</span>
the baht to reach 30 baht to
the dollar and are preparing their <span style="font-weight: bold;">business
plans</span> accordingly," Mr
Payungsak said.
<br>
<br>
<div style="margin-left: 40px;"><b>suffering</b>
- physical or mental pain or problems ความทุกข์ทรมาน<br>
<b>margin</b> - the amount by which a competition or
election is won<br>
<b>expected</b> - believe will happen คาดว่า (จะเกิดขึ้น)<br>
<b>significantly</b> - in an important way อย่างสำคัญ<br>
<b>quarter</b> - one or more people who provide help,
information or a particular reaction to something but who are not
usually named<br>
<b>third quarter</b> - the last three months of the year (a
time period
used for budgeting and financial reporting in companies) &nbsp;
&nbsp;
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
&nbsp; <br>
<b>Federation of Thai Industries (FTI)</b>&nbsp;<span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-family: Arial,Helvetica,sans-serif; font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;"></span>- an industry
association in Thailand that brings together leading business leaders
to promote development in Thailand </span></span>(See <a
 href="http://www.fti.or.th/2008/eng/index.aspx">website</a>
and <a
 href="http://en.wikipedia.org/wiki/Federation_of_Thai_Industries">Wikipedia</a>)<br>
<span style="font-weight: bold;">project</span> -
saying what they think will happen in the future (predict, forecast)<span
 style="font-weight: bold;"></span><br>
<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-family: Georgia; font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">business plan -</span><span
 class="Apple-converted-space">&nbsp;</span>"a
formal statement of a set of business goals, the reasons why they are
believed attainable, and the plan for reaching those goals. It may also
contain background information about the organization or team
attempting to reach those goals" (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Business_plan"
 style="font-family: Arial,Helvetica,sans-serif; text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
</div>
<br>
(<span style="font-weight: bold;">Source: </span>Baht
soars against greenback<span style="font-style: italic;">,
Concerns </span><b style="font-style: italic;">mount</b>
over <span style="font-style: italic;">export-</span><b
 style="font-style: italic;">competitiveness</b><span
 style="font-style: italic;">, </span>2/09/2010, Post
Reporters, <a
 href="http://bangkokpost.com/news/local/194154/baht-soars-against-greenback">link</a>)&nbsp;
<br>
<br>
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</entry>
<entry>
    <title>Bridging the gap between Thai universities and business world by matching human resources (02-09-10)</title>
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    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12253" title="Bridging the gap between Thai universities and business world by matching human resources (02-09-10)" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12253</id>
    
    <published>2010-09-02T07:24:01Z</published>
    <updated>2010-09-02T07:45:50Z</updated>
    
    <summary> Bridging the gap between Thai universities and business world by matching human resources By Jon Fernquest Ideally business networking would match business people with scientists and researchers in universities. Relationships between these two groups of people do not develop...</summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Technology" />
    
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<h3 style="font-family: Georgia;"><span
 style="font-style: italic;">Bridging the gap</span>
between Thai universities and business world by matching <span
 style="font-style: italic;">human resources</span> </h3>
<span style="font-family: Georgia;">By Jon Fernquest</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img style="border: 1px solid ; float: right; font-family: Georgia;"
 alt="robot competition"
 src="http://www.readbangkokpost.com/easybusinessnews/robotcompetition1.jpg"
 hspace="5"><span style="font-family: Georgia;">Ideally
</span><span style="font-weight: bold; font-family: Georgia;">business
networking</span><span style="font-family: Georgia;">
would match business people with scientists and researchers in
universities.</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">Relationships</span><span
 style="font-family: Georgia;"> between these two groups of
people do not </span><span
 style="font-weight: bold; font-family: Georgia;">develop</span><span
 style="font-family: Georgia;"> </span><span
 style="font-weight: bold; font-family: Georgia;">automatically</span><span
 style="font-family: Georgia;">.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">That's why the </span><span
 style="font-weight: bold; font-family: Georgia;">National
Science and Technology Development Agency (NSTDA)</span><span
 style="font-family: Georgia;"> of Thailand's government is
sponsoring a special event to help develop these relationships. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">Business
plan competitions</span><span style="font-family: Georgia;">
are another useful event that </span><span
 style="font-weight: bold; font-family: Georgia;">bridges the
gap</span><span style="font-family: Georgia;">
between universities and the business world (Read previous articles on
competitions in Thailand </span><a
 style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/business/entrepreneurship/power_prawns_a_new_thai_freshw.php">#1</a><span
 style="font-family: Georgia;"> and </span><a
 style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/business/entrepreneurs_and_business_plans/entrepreneur_education_breaks.php">#2</a><span
 style="font-family: Georgia;"> also see </span><a
 style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/business/entrepreneurs_and_business_plans/">archives</a><span
 style="font-family: Georgia;">). </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Photo on right of
&nbsp;King Mongkut University of Technology winners of </span><span
 style="font-weight: bold; font-family: Georgia;">2010 World
RoboCup competition</span><span style="font-family: Georgia;">
in Singapore. Technology competitions such as this are another
important kind of event bridging the divide between university and the
business world.<br>
<br>
Research <span style="font-weight: bold;">collaboration</span>
between Thai and foreign universities also help (Read on&nbsp;</span><a
 style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/easybusinessnews/">science
collaboration with Australian universities</a><span
 style="font-family: Georgia;">).&nbsp; <br>
<br>
Engineering <span style="font-weight: bold;">joint
ventures</span> between Thai and foreign companies also provide
invaluable learning experiences to Thai engineers (Read on <a
 href="http://www.readbangkokpost.com/easybusinessnews/transportation/thaichina_high_speed_train_joi.php">Thai-Chinese
high speed train project</a>).<br>
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article begins
after the vocabulary below. </span><br
 style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"></span><br
 style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">business networking -</span>
when business people meet and get to know each other (See <a
 href="http://en.wikipedia.org/wiki/Business_networking">Wikipedia</a>)<br>
<span style="font-weight: bold;">relationship - </span>when
two or more people or organizations have a close involvement and
interactions with each other (examples: business relationship, romantic
relationship)<br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">automatically - </span>without
people doing anything <br>
<span style="font-weight: bold;">National Science and
Technology Development Agency (NSTDA)</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;"> </span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span>- the Thai
government agency driving rapid science and technology development (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://www.nectec.or.th/users/htk/SciAm/04A-NSTDA.html"
 style="text-decoration: underline; color: rgb(51, 102, 204);">description</a>)</span></span></span></span><br>
<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"></span></span></span></span><span
 style="font-weight: bold;">business plan -</span> "a
formal
statement of a set of business goals, the reasons why they are believed
attainable, and the plan for reaching those goals. It may also contain
background information about the organization or team attempting to
reach those goals" (See <a
 href="http://en.wikipedia.org/wiki/Business_plan">Wikipedia</a>)<span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">business plan competition
-</span>
an event in which many students present their business ideas and plans,
judges decide which are the ones most likely to succeed, most business
schools have such a competition (See <a
 href="http://feedroom.businessweek.com/?fr_story=7fd9c673e89e67bc6596d4526853f62e1000a4cf">video
on how to win</a>) <br>
<span style="font-weight: bold;">bridges the gap - </span>connects
two things that are not connected (starts communication and
relationship building) <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">2010 World RoboCup competition</span><span
 style="font-weight: bold;">&nbsp;-</span> a recent
competition in Singapore in which students compete to build the best
robot (See <a href="http://www.robocup2010.org/">website</a>)
&nbsp;<br>
<span style="font-weight: bold;">human resources -</span>
people with the knowledge and skills they possess, put to use by
organizations and companies when they are hired as employees <span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;">(See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Human_resources"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)<br>
</span></span><span style="font-weight: bold;">collaboration
-</span> working with other others to produce things and achieve
goals <br>
<b style="font-weight: bold;">joint</b><span
 style="font-weight: bold;"> ventures - </span>a
company owned and operated by two or more other companies <br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">BUSINESS NETWORKING
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;">Matching<span
 style="font-style: italic;"> </span>fair<span
 style="font-style: italic;"> </span><b
 style="font-style: italic;">due</b> next month
</h4>
<span style="font-family: Georgia;">31/08/2010</span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">Yuthana Praiwan
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Thailand's first event
matching business </span><b style="font-family: Georgia;">operators</b><span
 style="font-family: Georgia;">, scientists and researchers
will take place next month
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The </span><span
 style="font-weight: bold; font-family: Georgia;">expo</span><span
 style="font-family: Georgia;"> is being organised by the </span><span
 style="font-weight: bold; font-family: Georgia;">National
Science and Technology Development Agency (NSTDA)</span><span
 style="font-family: Georgia;">, which has invited more than
300 business operators from the industrial and service sectors to </span><span
 style="font-weight: bold; font-family: Georgia;">exhibit</span><span
 style="font-family: Georgia;"> their research projects.
</span><br style="font-family: Georgia;">
<br style="font-weight: bold; font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;">expo -</span> an event with
large numbers of people coming to view things being shown (new
products, technology, art, information about a country) <span
 style="font-weight: bold;"></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"></span></span></span></span><br
 style="font-weight: bold;">
<b style="font-weight: bold;">due</b><span
 style="font-weight: bold;"> - </span>expected to
happen or should happen มีกำหนด<br style="font-weight: bold;">
<b style="font-weight: bold;">operators</b><span
 style="font-weight: bold;"> - </span>companies
running a certain kind of business<br style="font-weight: bold;">
<span style="font-weight: bold;">exhibit - </span>show
something publicly, so people can learn about it<br
 style="font-weight: bold;">
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The NSTDA will have
more than 25 projects </span><span
 style="font-weight: bold; font-family: Georgia;">on hand</span><span
 style="font-family: Georgia;"> at NSTDA Investors' Day, to
be held on Sept 16 at the </span><span
 style="font-weight: bold; font-family: Georgia;">Queen
Sirikit National Convention Center</span><span
 style="font-family: Georgia;"> in Bangkok.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The NSTDA has been
providing </span><b style="font-family: Georgia;">services</b><span
 style="font-family: Georgia;"> to business operators for the
past four years, particularly small and medium-sized </span><b
 style="font-family: Georgia;">entrepreneurs</b><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"></span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">The </span><b
 style="font-family: Georgia;">policy</b><span
 style="font-family: Georgia;"> is </span><b
 style="font-weight: bold; font-family: Georgia;">in line</b><span
 style="font-weight: bold; font-family: Georgia;"> with</span><span
 style="font-family: Georgia;"> government plans to </span><b
 style="font-family: Georgia;">enhance</b><span
 style="font-family: Georgia;"> the country's economic </span><b
 style="font-family: Georgia;">competitiveness</b><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span>
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">on hand - </span>have,
exist, are present at a place <br>
<span style="font-weight: bold;">Queen Sirikit National
Convention Center - </span>a large building used for events,
conferences and fairs, located in dowentown Bangkok, connected to the
rest of the city by subway, opened in 1991<span
 style="font-weight: bold;">&nbsp;</span>(See <a
 href="http://en.wikipedia.org/wiki/Queen_Sirikit_National_Convention_Center">Wikipedia</a>)<span
 style="font-weight: bold;"></span><br>
<b>entrepreneurs</b> - business people เจ้าของกิจการ<br>
<b>policy</b> - a set of plans or action agreed on by a
government, political party, business, or other group to guide
decisions and achieve outcomes นโยบาย (See <a
 href="http://en.wikipedia.org/wiki/Policy">Wikipedia</a>)<br>
<b>in line with - </b>agreeing with, following <b><br>
</b><b>enhance</b> - to improve the quality, amount
or strength of something ทำให้ดีเพิ่มขึ้น, ทำให้ดีขึ้น<br>
<b>competitiveness</b> - how well a business can do
compared to other firms (does it have lower price or higher quality?)
การแข่งขัน<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">NSTDA president
Thaweesak Koanantakool said five projects that will be </span><b
 style="font-family: Georgia;">highlighted</b><span
 style="font-family: Georgia;"> at the fair are a
silk-strengthening </span><b style="font-family: Georgia;">substance</b><span
 style="font-family: Georgia;">, a </span><span
 style="font-weight: bold; font-family: Georgia;">kit</span><span
 style="font-family: Georgia;"> to test for </span><span
 style="font-weight: bold; font-family: Georgia;">drug
allergies</span><span style="font-family: Georgia;">
in dogs, high </span><b style="font-family: Georgia;">efficiency</b><span
 style="font-family: Georgia;"> methods for </span><b
 style="font-family: Georgia;">marine</b><span
 style="font-family: Georgia;"> life </span><b
 style="font-family: Georgia;">breeding</b><span
 style="font-family: Georgia;">, a new lightweight </span><b
 style="font-family: Georgia;">concrete</b><span
 style="font-family: Georgia;"> made from </span><b
 style="font-family: Georgia;">artificial</b><span
 style="font-family: Georgia;"> materials and a </span><span
 style="font-weight: bold; font-family: Georgia;">simulation</span><span
 style="font-family: Georgia;"> programme for the analysis of
</span><span style="font-weight: bold; font-family: Georgia;">orthodontic</span><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">models</b><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">This event will </span><b
 style="font-family: Georgia;">match</b><span
 style="font-family: Georgia;"> business operators,
researchers and scientists in a </span><b
 style="font-family: Georgia;">bid</b><span
 style="font-family: Georgia;"> to find business solutions,"
said Dr Thaweesak.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>highlighted</b>
- emphasized; stressed; made more noticeable ที่เน้นย้ำ<br>
<b>substance</b> - some kind of solid, gas or liquid
(example: wood is a solid substance and water is a liquid substance)<br>
<span style="font-weight: bold;">allergy -</span> a
medical condition when a person is oversensitive and reacts negatively
to some substance in the food, in the air or from some other
contact&nbsp;(See <a href="http://en.wikipedia.org/wiki/Allergy">Wikipedia</a>)<br>
<span style="font-weight: bold;">drug allergies - </span>when
a patient has a negative allergic reaction to some drug (See Wikipedia)<br>
<span style="font-weight: bold;"></span><b>efficiency</b>
- waste little time, energy and resources in doing a task (minimize
time, energy and resources in performing a task) (See <a
 href="http://www.readbangkokpost.com/businesswords/alphabetical/e/efficient.php">glossary</a>)
การทำงานอย่างมีประสิทธิภาพ
คุ้มค่าเวลาและใช้พลังงานหรือต้นทุนในการผลิตน้อย เพื่อให้ได้ผลผลิตมาก<br>
<b>marine</b> - relating to the sea and creatures that live
in it เกี่ยวกับทะเล<br>
<b>breeding</b> - the keeping of animals or plants in order
to produce young animals from them การผสมพันธุ์สัตว์เพื่อขยายพันธุ์<br>
<b>concrete</b> - <br>
<b>artificial</b> - not natural, made by humans จำลอง
ที่มนุษย์สร้างขึ้น ที่ประดิษฐ์ขึ้น<br>
<span style="font-weight: bold;">simulation - </span>imitation
of a real thing or situation, an artificial copy but with lifelike
features (See <a href="http://en.wikipedia.org/wiki/Simulation">Wikipedia</a>)
<span style="font-weight: bold;"><br>
orthodontistry&nbsp;</span>(noun) - dental treatment to put
teeth into correct position so that they look better (cosmetic) and
there is no "improper bite" (malocclusion) (See <a
 href="http://en.wikipedia.org/wiki/Orthodontics">Wikipedia</a>)<span
 style="font-weight: bold;"><br style="font-weight: bold;">
</span><span style="font-weight: bold;">orthodontic </span>(adjective)
<br>
<b>models</b> - a system, a simple description of how a
system works (to help you understand it)&nbsp;<br>
<b>match</b> - to look the same as or very similar to
something else ซึ่งไม่คู่ควร<br>
<b>bid</b> - an attempt to do something ความพยายาม<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Discussions regarding
investments or</span><span
 style="font-weight: bold; font-family: Georgia;"> licencing
patents </span><span style="font-family: Georgia;">or
</span><b style="font-weight: bold; font-family: Georgia;">joint</b><span
 style="font-weight: bold; font-family: Georgia;"> ventures</span><span
 style="font-family: Georgia;"> with the NSTDA or a </span><b
 style="font-family: Georgia;">venture</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">capital</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">fund</b><span
 style="font-family: Georgia;"> will be discussed under the
mechanism of the </span><span
 style="font-weight: bold; font-family: Georgia;">Technology
Licensing Office</span><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The agency has
previously sought </span><b
 style="font-weight: bold; font-family: Georgia;">potential</b><span
 style="font-weight: bold; font-family: Georgia;"> investors</span><span
 style="font-family: Georgia;"> through </span><span
 style="font-weight: bold; font-family: Georgia;">business
model contests</span><span style="font-family: Georgia;">
organised by </span><b style="font-family: Georgia;">state</b><span
 style="font-family: Georgia;"> universities but has found it
difficult to find </span><span
 style="font-weight: bold; font-family: Georgia;">appropriate
candidates</span><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;">licensed </span>(adjective)
<span style="font-weight: bold;">-</span> have
official permission from government or a business to do some activity
or use something that they control <br>
<span style="font-weight: bold;">license</span>
(noun) - official permission (See <a
 href="http://en.wikipedia.org/wiki/License">Wikipedia</a>)<br>
<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">patent -</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space">&nbsp;</span>legal
rights to use an invention and to prevent the invention from being used
by others, details of invention must be revealed to government patent
office (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Patent"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span></span></span><br>
<span style="font-weight: bold;"> licencing patents - </span>pay
owner of patent to use the idea and technology in the patent<span
 style="font-weight: bold;">&nbsp; </span><span
 style="font-weight: bold;"></span><br
 style="font-weight: bold;">
<span style="font-weight: bold;">technology licensing - </span>when
a company pays another company to use its technology <br>
<span style="font-weight: bold;">Technology Licensing
Office - </span>the office at a university or government in
charge of selling technology developed within the university or country<br>
<b>joint</b> - done with someone else ร่วมกัน<span
 style="font-weight: bold;"></span><br>
<b>venture</b> - a new business which involves risk or
uncertainty ธุริกิจเสี่ยงแต่สามารถทำกำไรได้<br>
<b style="font-weight: bold;">joint</b><span
 style="font-weight: bold;"> ventures - </span>a
company owned and operated by two or more other companies <br>
<b>capital</b> - money invested in a business (See <a
 href="http://www.readbangkokpost.com/businesswords/alphabetical/c/capital.php">glossary</a>)<br>
<span style="font-weight: bold;">venture capital&nbsp;</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;">- private equity
capital provided by professional outside investors to new, growth
businesses. Cash is exchanged for shares in a usually high risk company
with above-average returns (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Venture_capital"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<b>fund</b> - to provide money for something เงินทุน
กองทุน, ให้เงินทุน<span style="font-weight: bold;"><br>
</span><b>potential</b> - possible ความเป็นไปได้<br>
<b style="font-weight: bold;">potential</b><span
 style="font-weight: bold;"> investors -</span>
possible investors<span style="font-weight: bold;"> </span><span
 style="font-weight: bold;"><br>
</span><span style="font-weight: bold;">business
model contests</span> - see "business plan competition" above <span
 style="font-weight: bold;"></span><br>
<b>state</b> - government รัฐ<br>
<span style="font-weight: bold;"></span><b
 style="font-weight: bold;">state</b><span
 style="font-weight: bold;"> universities - </span>universities
owned and operated by governments <span style="font-weight: bold;"><br>
appropriate -</span> suitable, right for a certain situation or
purpose <span style="font-weight: bold;"><br>
candidates</span> - one of several people competing to be
selected for some special position (job, elected government official,
etc)<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Last year, the NSTDA
was able to </span><b style="font-family: Georgia;">establish</b><span
 style="font-family: Georgia;"> only two joint venture
projects, with Anglo Thai Ceramic Co and Micro Innovate Co, on which it
spent 200 million baht for </span><b
 style="font-family: Georgia;">equity</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">investment</b><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Next year, we plan to
join with the Stock Exchange of Thailand to set up a venture capital
fund and </span><b style="font-family: Georgia;">expand</b><span
 style="font-family: Georgia;"> solutions for business
operators, as Thailand is becoming more of a high-tech-based economy,"
said Dr Thaweesak.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>establish</b>
- to start a company or organization that will likely continue for a
long time สถาปนา, ก่อตั้ง, จัดตั้ง<br>
<b>equity</b> - money for a business that comes from
owners, not borrowed money (debt) เงินลงทุน
ที่มาจากการระดมหุ้นของหุ้นส่วน และผู้มีกรรมสิทธิ<br>
<b>investment</b> - taking your money and putting it into
projects to make a profit or earn interest (buying stock shares, bonds,
real estate)<br>
<b>expand</b> - to become larger ขายตัวออกไป<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source: </span><span
 style="font-family: Georgia;">BUSINESS NETWORKING, Matching</span><span
 style="font-style: italic; font-family: Georgia;"> fair </span><b
 style="font-style: italic; font-family: Georgia;">due</b><span
 style="font-family: Georgia;"> next month, 31/08/2010,
Yuthana Praiwan, </span><a style="font-family: Georgia;"
 href="http://www.bangkokpost.com/business/economics/193817/matching-fair-due-next-month">link</a><span
 style="font-family: Georgia;">)&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
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<entry>
    <title>Community Based Tourism (CBT) and the role of small local businesses in Thailand&apos;s tourism industry (30-08-10)</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/hotels_restaurants_and_tourism/community_based_tourism_cbt_an.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12232" title="Community Based Tourism (CBT) and the role of small local businesses in Thailand's tourism industry (30-08-10)" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12232</id>
    
    <published>2010-08-30T12:14:56Z</published>
    <updated>2010-08-30T12:29:25Z</updated>
    
    <summary> Community Based Tourism (CBT) and the role of small local businesses in Thailand&apos;s tourism industry By Jon Fernquest Small family businesses seem to be much more common in Thailand&apos;s tourism industry than they are in other countries. Recently, I...</summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Hotels, Restaurants, and Tourism" />
    
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<h3 style="font-family: Georgia;"><span
 style="font-style: italic;">Community Based Tourism (CBT)</span>
and the role of small local businesses in Thailand's tourism industry </h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img style="border: 1px solid ; float: right; font-family: Georgia;"
 alt="guesthouse"
 src="http://www.readbangkokpost.com/business/guesthousemaesai.jpg"
 hspace="5"><span style="font-family: Georgia;">Small
</span><span style="font-weight: bold; font-family: Georgia;">family
businesses</span><span style="font-family: Georgia;">
seem to be much more common in Thailand's tourism industry than they
are in other countries. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Recently, I had the
chance to wander around downtown Cebu (the second largest city in the
Philippines) looking for a place to stay for a few days.&nbsp; </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">I only found one place
that resembled the typical Thai "guesthouse" that offers cheap rooms
and food.&nbsp; &nbsp;</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Small family-run
guesthouses, restaurants and bars are common in even the most </span><span
 style="font-weight: bold; font-family: Georgia;">remote
corners</span><span style="font-family: Georgia;">
of Thailand, </span><span
 style="font-weight: bold; font-family: Georgia;">catering to
the needs of</span><span style="font-family: Georgia;">
both foreign and Thai tourists staying in Thailand for a couple of
weeks (or even months and years). </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">It is then perhaps </span><span
 style="font-weight: bold; font-family: Georgia;">fitting</span><span
 style="font-family: Georgia;"> that Thai </span><span
 style="font-weight: bold; font-family: Georgia;">NGO</span><span
 style="font-family: Georgia;">s are </span><span
 style="font-weight: bold; font-family: Georgia;">at the
forefront</span><span style="font-family: Georgia;">
of extending and developing this idea through the idea of </span><b
 style="font-weight: bold; font-family: Georgia;">community</b><span
 style="font-weight: bold; font-family: Georgia;">-based
tourism (CBT). </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The </span><span
 style="font-weight: bold; font-family: Georgia;">Community
Based Tourism Institute (CBT-I) </span><span
 style="font-family: Georgia;">is a Thai NGO working hard to
promote this idea. </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article is an </span><span
 style="font-weight: bold; font-family: Georgia;">extract </span><span
 style="font-family: Georgia;">from a recent article by
Bangkok Post columnist
Imtiaz Muqbil reporting on a recent Community Based Tourism conference.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Photo on right of
guesthouse on Maesai river in Chiang Rai located next to the border
with Burma. During <span
 style="font-style: italic; font-weight: bold;">Songkran</span><span
 style="font-weight: bold;"> festivities</span> (Thai
New Years or Water Festival) this stretch of river is <span
 style="font-weight: bold;">teeming</span> with people
gathering sand to build a sand pagoda at the nearby monastery. Don't
travel upriver on a rubber intertube though or you will get bit by
mosquitoes and <span style="font-weight: bold;">come down
with</span> malaria like I did several years ago.&nbsp; </span><br
 style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span>
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">family businesses -</span>
a business largely owned and operated by the members of one family (See
<a href="http://en.wikipedia.org/wiki/Family_business">Wikipedia</a>)<br>
<span style="font-weight: bold;">remote corners of X - </span>places
far away from the center, from the place where most people live <span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">catering to the needs of Y -</span>
giving the group of people Y what they need&nbsp; <br>
<span style="font-weight: bold;">fitting - </span>what
fits or is the right thing to do in a certain situation <span
 style="font-weight: bold;"><br>
</span><span style="font-weight: bold;">at the
forefront of Z - </span>among the most advanced people or
organizations doing activity Z <span style="font-weight: bold;"><br>
</span><b style="font-weight: bold;">Community</b><span
 style="font-weight: bold;">-Based Tourism (CBT) - </span>tourism
in local areas, managed by the local people themselves, for the benefit
of the local people rather than large corporations located far
away&nbsp;(See <a
 href="http://www.mekongtourism.org/site/uploads/media/cbt_manual_1_.pdf">manual</a>
and <a
 href="http://en.wikipedia.org/wiki/Sustainable_tourism#Community-based_management">Wikipedia</a>)<br>
<span style="font-weight: bold;">Community Based Tourism
Institute (CBT-I) -</span> a Thai NGO devoted to promoting
community-based tourism in Thailand (See <a
 href="http://www.cbt-i.org/main.php?&amp;lang=en">website</a>)<br>
<span style="font-style: italic; font-weight: bold;">Songkran</span><span
 style="font-weight: bold;"> -</span> "celebrated in
Thailand as the traditional New Year's Day from 13 to 15 April. It
coincides with the New Year of many calendars of South and Southeast
Asia" (See <a href="http://en.wikipedia.org/wiki/Songkran">Wikipedia</a>)<span
 style="font-weight: bold;"><br>
festivities - </span>a large and happy event, a celebration <span
 style="font-weight: bold;"><br>
teeming -</span> containing a large number of things (people,
animals, objects) all moving around <span style="font-weight: bold;"></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 18px;"><a
 href="/search/british/direct/?q=around" class="QUERY"
 title="around"
 style="border-width: 0px; margin: 0px; padding: 0px; font-size: 1em; text-decoration: none; color: black;"></a></span></span><br>
<span style="font-weight: bold;">come down with - </span>get
sick with some disease <span style="font-weight: bold;"></span><br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"></span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">Tourism
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;">Community tourism's new
face
</h4>
<span style="font-family: Georgia;">23/08/2010
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">Imtiaz Muqbil
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">About 120 delegates
involved in </span><b
 style="font-weight: bold; font-family: Georgia;">community</b><span
 style="font-weight: bold; font-family: Georgia;">-based
tourism (CBT) </span><span style="font-family: Georgia;">projects
in Thailand and Asia met last week in Bangkok to </span><b
 style="font-weight: bold; font-family: Georgia;">swap best
practices</b><span style="font-family: Georgia;"> to
help them </span><b style="font-family: Georgia;">uphold</b><span
 style="font-family: Georgia;"> the </span><b
 style="font-family: Georgia;">fundamental</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">objectives</b><span
 style="font-family: Georgia;"> of their </span><b
 style="font-family: Georgia;">grassroots</b><span
 style="font-family: Georgia;"> </span><span
 style="font-weight: bold; font-family: Georgia;">ventures</span><span
 style="font-family: Georgia;"> and prevent them from
becoming </span><b
 style="font-weight: bold; font-family: Georgia;">victims</b><span
 style="font-weight: bold; font-family: Georgia;"> of their
own growing popularity</span><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">About 80
villages </span><b style="font-family: Georgia;">nationwide</b><span
 style="font-family: Georgia;"> participating in CBT attended
the </span><b style="font-family: Georgia;">meeting</b><span
 style="font-family: Georgia;"> at which they sought to learn
from each other how to </span><b style="font-family: Georgia;">attract</b><span
 style="font-family: Georgia;"> more visitors without
damaging the </span><b style="font-family: Georgia;">environment</b><span
 style="font-family: Georgia;"> or causing other social or
cultural problems that would </span><b
 style="font-family: Georgia;">eventually</b><span
 style="font-family: Georgia;"> make the </span><span
 style="font-weight: bold; font-family: Georgia;">exercise
self-defeating</span><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>community</b>
- the people living in one particular area ชุมชน<br>
<b style="font-weight: bold;">Community</b><span
 style="font-weight: bold;">-Based Tourism (CBT) - </span>tourism
in local areas, managed by the local people themselves, for the benefit
of the local people rather than large corporations located far
away&nbsp;(See <a
 href="http://www.mekongtourism.org/site/uploads/media/cbt_manual_1_.pdf">manual</a>
and <a
 href="http://en.wikipedia.org/wiki/Sustainable_tourism#Community-based_management">Wikipedia</a>)<br>
<span style="font-weight: bold;"></span><b
 style="font-weight: bold;">swap - </b>giving
something to another person who, in turn, gives you something,
exchange&nbsp; <br>
<b>practices</b> - ways of doing commonly repeated tasks<br>
<b style="font-weight: bold;">best <span
 style="font-style: italic;">practices</span> - </b>the
best<span style="font-style: italic;"> ways of doing
commonly repeated tasks</span><br>
<b>uphold</b> - to show that you support something such as
an idea by what you say or do สนับสนุน รับรอง พิทักษ์รักษา ยืนหนัด<br>
<b>fundamental</b> - very important and essential พื้นฐาน
รากฐานที่สำคัญ<br>
<b>objectives</b> - goals; aims; things that you plan to
achieve จุดมุ่งหมาย<br>
<b>grassroots</b> - involving the ordinary people rather
than their leaders ในระดับรากหญ้า, ชาวบ้าน<br>
<span style="font-weight: bold;">venture -</span> a
new business or activity <br>
<span style="font-weight: bold;"></span><b>victims</b>
- people who are killed injured or harmed in some way from an accident,
natural disaster, crime, etc.<br>
<b style="font-weight: bold;">victims</b><span
 style="font-weight: bold;"> of their own growing popularity
- </span>people who become popular but fail to use to benefit
from the opportunity&nbsp; <br>
<b>nationwide</b> - including the whole country ทั่วประเทศ<br>
<b>meeting</b> - when a group of people come together to
discuss issues and make decisions การประชุม<br>
<b>attract</b> - to cause someone to be interested in
something ดึงดูดความสนใจ<br>
<b>environment</b> - the natural world of land, sea,
plants, and animals<br>
<b>eventually</b> - at the end of a period of time or at
the end of a process ในที่สุด<br>
<span style="font-weight: bold;">exercise - </span>activity
with a result or purpose behind it <span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 18px;"><span
 class="DEFINITION"
 style="border-width: 0px; margin: 0px; padding: 0px; font-size: 1em;"><a
 href="/search/british/direct/?q=result" class="QUERY"
 title="result"
 style="border-width: 0px; margin: 0px; padding: 0px; font-size: 1em; text-decoration: none; color: black;"></a><br>
</span></span></span><span
 style="font-weight: bold;">self-defeating</span> - in
trying to solve a problem, creating more problems (which means you
can't solve the original problem)&nbsp; <br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Organised by the </span><span
 style="font-weight: bold; font-family: Georgia;">Community
Based Tourism Institute (CBT-I)</span><span
 style="font-family: Georgia;">, located in Chiang Mai, the
meeting was supported by the </span><span
 style="font-weight: bold; font-family: Georgia;">Thailand
Research Fund</span><span style="font-family: Georgia;">
in an </span><b style="font-family: Georgia;">effort</b><span
 style="font-family: Georgia;"> to show how far CBT is
contributing toward </span><b style="font-family: Georgia;">sustainable</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">development</b><span
 style="font-family: Georgia;">. The European Union has also </span><b
 style="font-family: Georgia;">funded</b><span
 style="font-family: Georgia;"> the CBT </span><b
 style="font-family: Georgia;">promotion</b><span
 style="font-family: Georgia;"> effort at various </span><span
 style="font-weight: bold; font-family: Georgia;">stages</span><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Although Thai villages
have been </span><b style="font-family: Georgia;">catering</b><span
 style="font-family: Georgia;"> to brief stops by visitors
for more than 15 years, some have </span><span
 style="font-weight: bold; font-family: Georgia;">gone a step
further</span><span style="font-family: Georgia;">
by expanding into</span><span
 style="font-weight: bold; font-family: Georgia;"> home-stays</span><span
 style="font-family: Georgia;"> and other </span><b
 style="font-family: Georgia;">opportunities</b><span
 style="font-family: Georgia;"> for small numbers of tourists
to stay overnight, and also join local people in some daily activities.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">Community Based Tourism Institute
(CBT-I) -</span> a Thai NGO devoted to promoting community-based
tourism in Thailand (See <a
 href="http://www.cbt-i.org/main.php?&amp;lang=en">website</a>)<br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">Thailand Research Fund (TRF) -</span>
an organization promoting research in Thailand (See <a
 href="http://www.trf.or.th/keydefault.asp">website</a>)<br>
<b>effort</b> - an attempt to do something ความพยายาม<br>
<b>sustainable</b> - able to be successfully continued for
a long time ยั่งยืน, ถาวร<br>
<b>development</b> - the gradual growth and formation of a
country's economy <br>
<b>funded</b> - given money to บริจาค<br>
<b>funded</b> - money provided for operation of a business
or organisation ให้ความช่วยเหลือทางการเงิน ให้เงินลงทุน<br>
<b>promotion</b> - giving an employee a higher position or
job than they already have<br>
<span style="font-weight: bold;">effort - </span>activities
of people working together to achieve a goal <br>
<span style="font-weight: bold;">stage -</span> one
point in time during a process or series of events <br>
<b>catering</b> - the job or organising the food and drinks
for an event such as a party or meeting การจัดเลี้ยง (See <a
 href="http://en.wikipedia.org/wiki/Catering">Wikipedia</a>)<br>
<span style="font-weight: bold;">gone a step further</span>
- did something new (that went beyond the original idea) <br>
<span style="font-weight: bold;">home-stay - </span>a
form of tourism that allows the visitor to rent a room from a local
family to better learn the local lifestyle as well as improve their
language ability (See <a
 href="http://en.wikipedia.org/wiki/Homestay">Wikipedia</a>)<br>
<b>opportunities</b> - situations in which it is possible
to do what you want or need to do<br>
<b>local</b> - in or related to the area that you live, or
to the particular area that you are talking about ท้องถิ่น<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">This has </span><b
 style="font-family: Georgia;">tapped</b><span
 style="font-family: Georgia;"> into the growing </span><b
 style="font-family: Georgia;">demand</b><span
 style="font-family: Georgia;"> by well-travelled visitors
worldwide for a "</span><span
 style="font-weight: bold; font-family: Georgia;">learning
experience</span><span style="font-family: Georgia;">"
from their trips. </span><span
 style="font-weight: bold; font-family: Georgia;">Proponents</span><span
 style="font-family: Georgia;"> say it is</span><b
 style="font-weight: bold; font-family: Georgia;"> in line</b><span
 style="font-weight: bold; font-family: Georgia;"> with</span><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">national</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">poverty</b><span
 style="font-family: Georgia;">-</span><b
 style="font-family: Georgia;">alleviation</b><span
 style="font-family: Georgia;"> goals and gives villagers a </span><b
 style="font-family: Georgia;">reason</b><span
 style="font-family: Georgia;"> to </span><span
 style="font-weight: bold; font-family: Georgia;">uphold
their cultures</span><span style="font-family: Georgia;">.
It also distributes </span><b style="font-family: Georgia;">income</b><span
 style="font-family: Georgia;"> to the </span><b
 style="font-family: Georgia;">rural</b><span
 style="font-family: Georgia;"> areas and helps </span><b
 style="font-family: Georgia;">residents</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">preserve</b><span
 style="font-family: Georgia;"> the local environment.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">While no </span><span
 style="font-weight: bold; font-family: Georgia;">definitive</span><span
 style="font-family: Georgia;"> numbers are available on
total visitors to all the
CBT projects nationwide, a study presented by Prof Pariwat Somnuek of
Ubon Ratchathani University showed that the village of Baan Phu
received 5,850 Thai and 23 foreign visitors in 2008, generating total
income of 1.85 million baht. In 2009, the </span><b
 style="font-family: Georgia;">figures</b><span
 style="font-family: Georgia;"> fell to 5,133 Thai and 20
foreign visitors, generating 1.56 million baht.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>tapped</b>
- used<br>
<b>demand</b> - people or consumers wanting to buy goods
and services ความต้องการ<br>
<span style="font-weight: bold;">learning experience -</span>
when you learn things during some activity <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">proponent - </span>a
public supporter of an idea, policy or plan <br>
<span style="font-weight: bold;"></span><b
 style="font-weight: bold;"> in line</b><span
 style="font-weight: bold;"> with - </span>following,
agreeing with <br>
<b>poverty</b> - the condition of being extremely poor
ความจน<br>
<b>alleviation</b> - reducing the suffering and negative
effects of something bad<br>
<span style="font-weight: bold;">national poverty
alleviation -</span> making poverty in a country less severe,
reducing the negative effects&nbsp; <br>
<span style="font-weight: bold;">uphold - </span>to
support and help something by what you say and do <br
 style="font-weight: bold;">
<span style="font-weight: bold;">uphold their cultures - </span>to
support and help a culture to grow strong and survive by what you say
and do&nbsp; <br>
<b>reason</b> - an explanation of an event, why an event
happened เหตุ ; เหตุผล ; สาเหตุ<br>
<b>income</b> - money that people receive from work or some
other source, used for household consumption and savings<br>
<b>rural</b> - connected with the countryside outside big
towns and cities ในชนบท, บ้านนอก<br>
<b>residents</b> - people who live in a particular place or
area ชาวบ้านในบริเวณ ผู้อาศัยในบริเวณ ราษฎรในบริเวณนั้น<br>
<b>preserve</b> - to keep something as it is, especially in
order to prevent it from being damaged or destroyed ทำให้คงอยู่, สงวน
อนุรักษ์<br>
<span style="font-weight: bold;">definitive - </span>better
than all the others <br>
<b>figures</b> - statistics, numbers describing the economy
&nbsp;<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">German consultant
Nicole Hausler, who specialises in responsible tourism </span><b
 style="font-family: Georgia;">issues</b><span
 style="font-family: Georgia;">, notes that two other issues
are the </span><b
 style="font-weight: bold; font-family: Georgia;">income
distribution</b><span style="font-family: Georgia;">
within the CBT villages themselves as well as "organisation culture
versus community culture."
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">She </span><b
 style="font-family: Georgia;">cited</b><span
 style="font-family: Georgia;"> the </span><b
 style="font-family: Georgia;">results</b><span
 style="font-family: Georgia;"> of a 2005 study by the
</span><span style="font-weight: bold; font-family: Georgia;">Social
Research Institute</span><span style="font-family: Georgia;">
of Chiang Mai University of Plai Pong Pang
Village in Samut Songkhram, which showed that the manager of the
village's tourism management centre was the son of the project
chairman.
</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">The study
found that four owners of the Thai </span><b
 style="font-family: Georgia;">traditional</b><span
 style="font-family: Georgia;"> houses were all related.
Income distribution was unequal with a small number of participating
members getting the bigger </span><b
 style="font-family: Georgia;">share</b><span
 style="font-family: Georgia;">. The richest </span><b
 style="font-family: Georgia;">household</b><span
 style="font-family: Georgia;"> got 76% of the total income.
More than 80% of the villagers did not </span><b
 style="font-family: Georgia;">participate</b><span
 style="font-family: Georgia;"> in the tourism project and
did not </span><b style="font-family: Georgia;">benefit</b><span
 style="font-family: Georgia;"> from it," she quoted the
study as saying.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Imtiaz Muqbil is
executive editor of Travel Impact Newswire, an e-mailed feature and
analysis service focusing on the Asia-Pacific travel industry.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>issues</b>
- an important subect that people are discussing and debating
about&nbsp; ประเด็น<br>
<b style="font-weight: bold;">income distribution -</b>
the way that money (wealth, income) is spread throughout a
society&nbsp; <br>
<b>cited</b> - mentioned (to support a point you are making
or arguing) กล่าวถึง<br>
<b>results</b> - what is produced in the end by an activity
or task<br>
<span style="font-weight: bold;">Social Research Institute
(SRI) - </span>an institute devoted to research at Chiang Mai
University&nbsp;<br>
<b>traditional</b> - things (clothes, music, customs, etc.)
that have been part of a country or society for a long time<br>
<b>share</b> - the smaller part received by one person when
some big thing is divided up <br>
<b>household</b> - a group of people, often a family, who
live together ครัวเรือน<br>
<b>participate</b> - to take part in or become involved in
an activity มีส่วน<br>
<b>benefit</b> - to get help or an advantage from something
ผลประโยชน์<br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"></span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source:</span><span
 style="font-family: Georgia;"> Bangkok Post, Community
tourism's new face, 23/08/2010, Imtiaz Muqbil, </span><a
 style="font-family: Georgia;"
 href="http://www.bangkokpost.com/business/tourism/192442/community-tourism-s-new-face">link</a><span
 style="font-family: Georgia;">)&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
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<entry>
    <title>Global rice prices rising, time to offload Thai government stockpiles? (26-08-10)</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/agriculture/global_rice_prices_rising_time.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12220" title="Global rice prices rising, time to offload Thai government stockpiles? (26-08-10)" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12220</id>
    
    <published>2010-08-26T13:17:35Z</published>
    <updated>2010-08-26T19:29:46Z</updated>
    
    <summary> Global rice prices rising, time to offload Thai government stockpiles? By Jon Fernquest Rice prices have risen recently due to supply-side climate factors. In 2008 global commodity prices rose to very high levels before the global recession shot them...</summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Agriculture" />
    
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<h3 style="font-family: Georgia;">Global rice prices
rising, time to <span style="font-style: italic;">offload</span>
Thai government <span style="font-style: italic;">stockpiles</span>?
</h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img
 style="border: 1px solid ; width: 425px; height: 490px; float: right; font-family: Georgia;"
 alt="rice bags"
 src="http://www.readbangkokpost.com/business/ricewarehouse3.jpg"
 hspace="5"><span style="font-family: Georgia;">Rice
prices have risen recently due to </span><span
 style="font-weight: bold; font-family: Georgia;">supply-side
climate factors</span><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">In 2008 </span><span
 style="font-weight: bold; font-family: Georgia;">global
commodity</span><span style="font-family: Georgia;">
prices rose to very high levels before the global recession shot them
down (Read </span><a style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/business/agriculture/500000_tonnes_of_rice_at_us120.php">article</a><span
 style="font-family: Georgia;"> and </span><a
 style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/business/agriculture/">archives</a><span
 style="font-family: Georgia;">).</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Experts predicted that
they would rise once again and stay high (Read </span><a
 style="font-family: Georgia;"
 href="http://www.readbangkokpost.com/business/agriculture/high_world_food_prices_here_to.php">article</a><span
 style="font-family: Georgia;">). </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Government rice </span><span
 style="font-weight: bold; font-family: Georgia;">stockpiles
shot up</span><span style="font-family: Georgia;">
to the point where there were not enough </span><span
 style="font-weight: bold; font-family: Georgia;">warehouses</span><span
 style="font-family: Georgia;"> to store the rice. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">With rice prices
rising again, the </span><span
 style="font-weight: bold; font-family: Georgia;">ideal time</span><span
 style="font-family: Georgia;"> for Thailand to offload its
stockpiled&nbsp; rice on global markets may have arrived.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article begins
after the vocabulary below. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Photo on right shows
rice </span><span
 style="font-weight: bold; font-family: Georgia;">sacks</span><span
 style="font-family: Georgia;"> purchased by the government </span><span
 style="font-weight: bold; font-family: Georgia;">stacked</span><span
 style="font-family: Georgia;"> high in a warehouse waiting
for prices to rise so the government does not lose money.&nbsp; </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">supply-side -</span> in
markets where goods are bought and sold, the side where the supply of
goods comes from<span style="font-weight: bold;"> </span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: small;"></span><span
 style="font-weight: bold;"><br>
</span><b>climate</b> - the general weather
conditions usually found in a particular place สภาพอากาศ<br>
<b>factors</b> - the different things that affect the
outcome of a situation, event, or decision ปัจจัย<br>
<b>global</b> - throughout the world ทั่วโลก<span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">commodity -</span>
some basic good (food, fuel) sold in units of weight or quantity
(kilos, liters) every unit being the same (if you buy one more kilo of
rice that kilo is the same as the last kilo you bought)&nbsp; <span
 style="font-weight: bold;"><br>
</span><span style="font-weight: bold;">stockpiles -
</span>large amounts of something stored for future use <span
 style="font-weight: bold;"><br>
shot up</span> - increase very quickly (like a rocket "shot" into
the sky)<span style="font-weight: bold;"><br>
</span><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">warehouse -<span
 class="Apple-converted-space">&nbsp;</span></span>a
large building that a business uses to store goods in (see photo of
rice warehouse on the right, also see<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Warehouse"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<span style="font-weight: bold;">sacks -</span> a
large and strong bag for caryying things (examples: sack of cement,
sack of rice)<span style="font-weight: bold;"><br>
stacked - </span>a pile of things, placed one on top of another <span
 style="font-weight: bold;"><br>
</span><span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">Marketing
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">AGRICULTURE
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;">Rice prices<span
 style="font-weight: bold;"> <span
 style="font-style: italic;">pick up</span></span>
as <b style="font-style: italic;">demand</b>
improves
</h4>
<span style="font-family: Georgia;">23/08/2010
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">Phusadee Arunmas
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Rice prices are </span><b
 style="font-family: Georgia;">expected</b><span
 style="font-family: Georgia;"> to rise by 6% to 7% this
month or early next </span><span
 style="font-weight: bold; font-family: Georgia;">amid</span><span
 style="font-family: Georgia;"> a </span><b
 style="font-family: Georgia;">resumption</b><span
 style="font-family: Georgia;"> in foreign demand ahead of
year-end festivals and lower supply due to </span><b
 style="font-weight: bold; font-family: Georgia;">climate</b><span
 style="font-weight: bold; font-family: Georgia;"> change</span><span
 style="font-family: Georgia;">.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Foreign</span><b
 style="font-weight: bold; font-family: Georgia;"> purchase</b><span
 style="font-weight: bold; font-family: Georgia;"> orders</span><span
 style="font-family: Georgia;"> have already </span><span
 style="font-weight: bold; font-family: Georgia;">resumed</span><span
 style="font-family: Georgia;">, and a </span><b
 style="font-weight: bold; font-family: Georgia;">flood</b><span
 style="font-weight: bold; font-family: Georgia;"> of orders</span><span
 style="font-family: Georgia;"> is </span><b
 style="font-family: Georgia;">anticipated</b><span
 style="font-family: Georgia;"> next month to serve the many
year-end festivals, said Sumeth Laomoraphorn, the chief operating </span><b
 style="font-family: Georgia;">officer</b><span
 style="font-family: Georgia;"> of </span><span
 style="font-weight: bold; font-family: Georgia;">CP
Intertrade</span><span style="font-family: Georgia;">.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">More purchase orders
from African markets are also likely after </span><span
 style="font-weight: bold; font-family: Georgia;">Ramadan</span><span
 style="font-family: Georgia;">.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"> pick up - </span>get
better, go faster (here: prices increase)<br>
<b>demand</b> - the need and desire to buy goods and
services by households and businesses<br>
<b>expected</b> - believe will happen คาดว่า (จะเกิดขึ้น)<br>
<span style="font-weight: bold;">X amid Y - </span>X
happened while Y was happening <br>
<b>resumption</b> - to start or begin again เริ่มใหม่<br>
<span style="font-weight: bold;">climate change</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;"></span><span
 class="Apple-converted-space">&nbsp;</span>-
long-term negative changes in weather patterns and temperature<span
 class="Apple-converted-space">&nbsp;</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-size: small; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">caused
by changes in greenhouse gases (GHGs)</span><span
 class="Apple-converted-space">&nbsp;</span>(See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Climate_change"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)<br>
<span style="font-weight: bold;">Greehouse Gases (GHGs) -</span>&nbsp;
gases in the Earth's atmosphere such carbon dioxide, methane, nitrous
oxide, and ozone that are associated with climate change (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Greenhouse_gas"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<b>purchase</b> - buy goods <span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space"></span><br>
<b style="font-weight: bold;">purchase</b><span
 style="font-weight: bold;"><span
 class="Apple-converted-space">&nbsp;</span>order -</span><span
 class="Apple-converted-space"> </span>an order to buy
goods, "a commercial document issued by a buyer to a seller, indicating
types, quantities, and agreed prices for products or services the
seller will provide to the buyer. Sending a PO to a supplier
constitutes a legal offer to buy products or services" (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Purchase_order"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<span style="font-weight: bold;">resumed</span> -
started again (after stopping) <br>
<b>flood</b> - a large amount or number of something
จำนวนมาก<br>
<b style="font-weight: bold;">flood</b><span
 style="font-weight: bold;"> of orders - </span>a
large amount of goods being&nbsp;ordered <br>
<b>anticipated</b> - believe will happen, expected
คาดว่าจะเกิดขึ้น<br>
<b>officer</b> - a high level person in an organisation
with special responsibilities (a government officer, a police officer,
an army officer)<br>
<span style="font-weight: bold;">CP Intertrade</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><strong></strong><span
 class="Apple-converted-space">&nbsp;</span>- the
subsidiary of the CP Group responsible for food exports<br>
</span></span><span style="font-weight: bold;">Ramadan
- </span>"the ninth month of the Islamic calendar. It is the
Islamic month of fasting, in which participating Muslims refrain from
eating, drinking and sexual relations from dawn until sunset. Fasting
is intended to teach Muslims about patience, humility, and
spirituality. It is a time for Muslims to fast for the sake of God
(Arabic: الله‎, trans: Allah)<span style="font-weight: bold;">"
</span>(See <a href="http://en.wikipedia.org/wiki/Ramadan">Wikipedia</a>)<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Mr Sumeth said other
supporting </span><b style="font-family: Georgia;">factors</b><span
 style="font-family: Georgia;"> were the </span><b
 style="font-family: Georgia;">impact</b><span
 style="font-family: Georgia;"> from </span><b
 style="font-family: Georgia;">global</b><span
 style="font-family: Georgia;"> warming and </span><b
 style="font-family: Georgia;">widespread</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">drought</b><span
 style="font-family: Georgia;"> that has led Russia to </span><b
 style="font-family: Georgia;">ban</b><span
 style="font-family: Georgia;"> wheat exports.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Hot, dry weather is
also expected to cut the output and export </span><b
 style="font-family: Georgia;">capacity</b><span
 style="font-family: Georgia;"> of Ukraine and other European
nations.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">In addition, Mr Sumeth
said lower output in Latin American countries, particularly Brazil, due
to climate change is also expected to </span><b
 style="font-family: Georgia;">prompt</b><span
 style="font-family: Georgia;"> them to increase their rice
imports.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>impact</b>
- an effect or influence ผลกระทบ<br>
<b>widespread</b> - happening or existing in many places,
or affecting many people อย่างแพร่หลาย<br>
<b>drought</b> - a period of time when there is very little
rain and water available ความแห้งแล้ง (See <a
 href="http://en.wikipedia.org/wiki/Drought">Wikipedia</a>)
<br>
<b>ban</b> - to officially say that someone is not allowed
to do something การห้าม&nbsp; ห้ามอย่างเป็นทางการ<br>
<b>capacity</b> - the amount of something that can be
produced ความสามารถในการ (ผลิต)<br>
<b>capacity</b> - the highest amount of production possible
if all factories and machines are used<br>
<b>capacity</b> - the largest amount that can be produced
with current resources (factory, equipment, machines, facilities)<br>
<b>prompt</b> - to cause someone to take action กระตุ้น<br>
<b>prompt</b> - to cause something to happen or be done
ก่อให้เกิด<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The Philippines, which
is the world's leading rice importer, is also now facing </span><b
 style="font-family: Georgia;">inadequate</b><span
 style="font-family: Georgia;"> rice production and will have
to </span><b style="font-family: Georgia;">import</b><span
 style="font-family: Georgia;"> as much as two million tonnes
this year," he said. "If Vietnam, which has already </span><span
 style="font-weight: bold; font-family: Georgia;">secured</span><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">massive</b><span
 style="font-family: Georgia;"> </span><span
 style="font-weight: bold; font-family: Georgia;">advance
purchase orders</span><span style="font-family: Georgia;">,
fails to </span><b
 style="font-weight: bold; font-family: Georgia;">deliver on
its commitments</b><span style="font-family: Georgia;">,
</span><b style="font-family: Georgia;">opportunity</b><span
 style="font-family: Georgia;"> will return to our grains.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Vietnam expects to
export 6.5 million tonnes of rice this year, 4 million of which have
already been exported.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Mr Sumeth said
Vietnam's 2% </span><b style="font-family: Georgia;">depreciation</b><span
 style="font-family: Georgia;"> of the dong last week was
unlikely to </span><b style="font-family: Georgia;">improve</b><span
 style="font-family: Georgia;"> the rice industry's export </span><b
 style="font-family: Georgia;">competitiveness</b><span
 style="font-family: Georgia;"> very much.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>inadequate</b>
- not enough, or not good enough for a particular purpose, not enough
to achieve goals อย่างไม่เพียงพอ<br>
<b>import</b> - to buy or bring in products from another
country นำเข้า<br>
<span style="font-weight: bold;">secure -</span>
get&nbsp; <br>
<b>massive</b> - very large in size, amount or numberใหญ่โต<br>
<span style="font-weight: bold;">advance purchase orders -</span>
people requesting to buy something far ahead of when it is to be
delivered <br>
<span style="font-weight: bold;"></span><b>commitments</b>
- things you must do (because you promised to do them)<br>
<b style="font-weight: bold;">deliver on its commitments -</b>
do what it promised to do <br>
<b>opportunity</b> - a situation when it is possible to do
something that you want to do (See <a
 href="a%20situation%20when%20it%20is%20possible%20to%20do%20something%20that%20you%20want%20to%20do">glossary</a>)<br>
<b>depreciation</b> - reduce the value of a countrys'
currency (so that exports are cheaper)<br>
<b>improve</b> - to make better ทำให้ดีขึ้น<br>
<b>competitiveness</b> - how well a business can do
compared to other firms (does it have lower price or higher quality?)
การแข่งขัน<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The </span><b
 style="font-family: Georgia;">currency</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">devaluation</b><span
 style="font-family: Georgia;"> would instead </span><b
 style="font-weight: bold; font-family: Georgia;">drive</b><span
 style="font-weight: bold; font-family: Georgia;"> up</span><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">inflation</b><span
 style="font-family: Georgia;"> and </span><b
 style="font-weight: bold; font-family: Georgia;">interest</b><span
 style="font-weight: bold; font-family: Georgia;"> rates</span><span
 style="font-family: Georgia;">, consequently raising
production costs for Vietnamese producers, he said.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Prices for Thai rice
have </span><span
 style="font-weight: bold; font-family: Georgia;">bottomed out</span><span
 style="font-family: Georgia;"> and are now starting to
improve due largely to </span><span
 style="font-weight: bold; font-family: Georgia;">shrinking</span><span
 style="font-family: Georgia;"> world rice </span><b
 style="font-family: Georgia;">stocks</b><span
 style="font-family: Georgia;"> after </span><b
 style="font-family: Georgia;">traders</b><span
 style="font-family: Georgia;"> delayed their purchases over
the past four or five months," said Mr Sumeth. "The second half will </span><b
 style="font-family: Georgia;">represent</b><span
 style="font-family: Georgia;"> an opportunity for Thai rice
exports, which are expected to reach 8.5-9 million tonnes.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Pakistan, the world's
third-largest rice exporter, [is] </span><b
 style="font-family: Georgia;">suffering</b><span
 style="font-family: Georgia;"> from floods and other
disasters..</span><span
 style="font-weight: bold; font-family: Georgia;">.parboiled
rice</span><span style="font-family: Georgia;">
shipments would especially </span><b
 style="font-family: Georgia;">benefit</b><span
 style="font-family: Georgia;"> from India's continued ban on
non-</span><span
 style="font-weight: bold; font-family: Georgia;">basmati</span><span
 style="font-family: Georgia;"> exports...</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>currency</b>
- the money accepted for exchange of goods in an economy เงินตรา (See <a
 href="http://en.wikipedia.org/wiki/Currency">Wikipedia</a>)<br>
<b>devaluation</b> - when a currency becomes less valuable
or "weaker" compared to other currencies (meaning that less of the
currency buys the same amount of goods as before) การลดค่าเงินบาท<br>
<b style="font-weight: bold;">drive</b><span
 style="font-weight: bold;"> up - </span>make it
increase <br>
<b>inflation</b> - the rate at which all prices in the
economy are increasing (See<a
 href="http://www.economist.com/research/economics/alphabetic.cfm?letter=I#inflation">
Economist Glossary</a>) อัตราเงินเฟ้อ, ภาวะเงินเฟ้อ<br>
<b>interest</b> - payments made for the use of another's
money for a period of time<br>
<b style="font-weight: bold;">interest</b><span
 style="font-weight: bold;"> rates - </span>the
percentage of the loan amount that must be paid as a fee for using the
money, the cost of borrowing money<br>
<span style="font-weight: bold;">bottomed out -</span>
reached the lowest point (will now start increasing again)<span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">shrinking -</span> reducing
in size, getting smaller and smaller <br>
<b>stocks</b> - large amounts stored for future use<br>
<b>traders</b> - people who trade securities (stocks,
bonds), derivatives or commodities ผู้ค้าหุ้นและหลักทรัพย์<br>
<b style="font-weight: bold;">X represent</b><span
 style="font-weight: bold;">s Y -</span> X will be an
example of Y <br>
<b>suffering</b> - physical or mental pain or problems
ความทุกข์ทรมาน<br>
<span style="font-weight: bold;">parboiled rice</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><b>&nbsp;-</b><span
 class="Apple-converted-space">&nbsp;</span>rice
that is boiled until partially cooked ข้าวต้มสำเร็จรูป</span></span><br>
<b>benefit</b> - to get help or an advantage from something
ผลประโยชน์<span style="font-weight: bold;"></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><br>
</span></span><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">basmati rice -<span
 class="Apple-converted-space">&nbsp;</span></span>a
variety of long grain rice, grown in India and Pakistan notable for its
fragrance and delicate, nuanced flavour (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Basmati"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)
&nbsp;ข้าวพันธุ์บาสมาติ ของอินเดีย</span></span><br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source: </span><span
 style="font-family: Georgia;">Marketing, AGRICULTURE, Rice
prices</span><span
 style="font-weight: bold; font-family: Georgia;"> pick up</span><span
 style="font-family: Georgia;"> as </span><b
 style="font-family: Georgia;">demand</b><span
 style="font-family: Georgia;"> improves, 23/08/2010,
Phusadee Arunmas, </span><a style="font-family: Georgia;"
 href="http://www.bangkokpost.com/business/marketing/192437/rice-prices-pick-up-as-demand-improves">link</a><span
 style="font-family: Georgia;">)&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
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</entry>
<entry>
    <title>Universal education for all in Thailand, getting there, but not there yet (26-08-10)</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/education_and_training/universal_education_for_all_in.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12219" title="Universal education for all in Thailand, getting there, but not there yet (26-08-10)" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12219</id>
    
    <published>2010-08-26T08:10:14Z</published>
    <updated>2010-08-26T08:11:13Z</updated>
    
    <summary><![CDATA[ Universal education for all in Thailand, getting there, but not there yet By Jon Fernquest Very young children are slipping through the cracks of &nbsp;Thailand's educational system and not even receiving the basic education in reading, writing and arithmetic...]]></summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Education and Training" />
    
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 http-equiv="content-type">
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<body>
<h3 style="font-family: Georgia;"><span
 style="font-style: italic;">Universal</span> education
for all in Thailand, getting there, but not there yet </h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img style="border: 1px solid ; float: right; font-family: Georgia;"
 alt="poor school"
 src="http://www.readbangkokpost.com/easybusinessnews/poorschool.jpg"
 hspace="5"><span style="font-family: Georgia;">Very
young children are slipping through the cracks of &nbsp;Thailand's
educational system and not even receiving the </span><span
 style="font-weight: bold; font-family: Georgia;">basic
education</span><span style="font-family: Georgia;">
in reading, writing and arithmetic that they need to </span><span
 style="font-weight: bold; font-family: Georgia;">survive</span><span
 style="font-family: Georgia;"> and</span><span
 style="font-weight: bold; font-family: Georgia;"> thrive </span><span
 style="font-family: Georgia;">in the adult economic
world:&nbsp; </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;">"<span
 style="font-weight: bold;">Factors</span> pushing
children out of the formal school system include financial problems, <span
 style="font-weight: bold;">broken families</span>,
poor health and <b>pressure</b> from schools which <b>shun</b>
students with weak <b>academic</b> <b>records</b>."
<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article begins
after the vocabulary. </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;">basic education -</span>
educational
activities that take care of people's basic educational needs such
"reading, writing, and arithmetic," usually takes place at an early
age, but adult education such as learning to read (adult literacy) also
included (See <a href="http://en.wikipedia.org/wiki/Basic_education">Wikipedia</a>)<br
 style="font-weight: bold;">
<span style="font-weight: bold;">literacy - </span>the
ability to read and write (See <a
 href="http://en.wikipedia.org/wiki/Literacy">Wikipedia</a>)<br>
<span style="font-weight: bold;">universal -</span>
involving all members of a society or group <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">survive - </span>to
continue to exist, even in a very difficult situation<span
 style="font-weight: bold;"> </span><br>
<span style="font-weight: bold;">thrive - </span>to
become very successful (happy, healthy, rich) <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">factor</span> - one of the
things that determine and influence whether an event happens and how it
happens&nbsp; <span style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><b><br>
</b><span style="font-weight: bold;"></span><span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;">broken families - </span>situations
where the mother and father of children stop living together (divorce,
separation, etc), also known as a "broken home"&nbsp; <br>
<b>pressure</b> - when people are being pushed or forced to
so something<br>
<b>shun</b> - to deliberately avoid a person, place or
activity<br>
<b>academic records -</b> the information kept at schools
on what courses a student has taken and the grades they received <br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Local News
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;">Up to 2 million young
miss <span style="font-style: italic;">basic education
</span></h4>
<span
 style="font-weight: bold; font-style: italic; font-family: Georgia;">Dire</span><span
 style="font-style: italic; font-family: Georgia;"> social,
economic </span><span
 style="font-weight: bold; font-style: italic; font-family: Georgia;">outcomes
predicted
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">26/08/2010</span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">Sirikul Bunnag </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Up to 2 million
children </span><b style="font-family: Georgia;">nationwide</b><span
 style="font-family: Georgia;"> are not receiving a basic
education, </span><b
 style="font-weight: bold; font-family: Georgia;">a
development</b><span style="font-family: Georgia;">
that could lead to </span><b style="font-family: Georgia;">dire</b><span
 style="font-family: Georgia;"> social and economic </span><b
 style="font-family: Georgia;">consequences</b><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">From 1.7 million to 2
million children aged between 3 and 17 years, or about 11% of the
school-</span><b style="font-family: Georgia;">age</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">population</b><span
 style="font-family: Georgia;">,
have been pushed out of the education system, Juajan Jongsathityoo, a
former education planning adviser to the Education Council, said
yesterday.
</span><br style="font-family: Georgia;">
<br style="font-weight: bold; font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;">outcome - </span>one
possible result of a process <br style="font-weight: bold;">
<span style="font-weight: bold;">predicted -</span>
what people think will happen in the future <br>
<b>nationwide</b> - throughout a whole country
ทั่วทั้งประเทศ<br>
<b>a development</b> - something that happens, an event or
situation <br>
<b>dire</b> - very serious and bad แย่มาก เลวร้ายมาก<br>
<b>consequences</b> - results of some actions or events<br>
<b>population</b> - all the people living in a country,
region or city (See <a
 href="http://en.wikipedia.org/wiki/Population">Wikipedia</a>)<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The </span><b
 style="font-weight: bold; font-family: Georgia;">sorry state</b><span
 style="font-weight: bold; font-family: Georgia;"> of </span><b
 style="font-weight: bold; font-family: Georgia;">affairs</b><span
 style="font-family: Georgia;"> was uncovered by a study by
Witthayakorn Chiangkoon, the </span><b
 style="font-family: Georgia;">dean</b><span
 style="font-family: Georgia;"> of Rangsit University's
College of Social </span><span
 style="font-weight: bold; font-family: Georgia;">Innovation</span><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The </span><b
 style="font-family: Georgia;">findings</b><span
 style="font-family: Georgia;"> were raised for discussion at
a seminar on
children outside the education system held yesterday by the </span><span
 style="font-weight: bold; font-family: Georgia;">Quality
Learning Foundation (QLF)</span><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">innovation - </span>creating
or "inventing" new ideas, equipment or methods <br>
<b>state</b> - condition สภาพ<br>
<b>affairs</b> - events and activities relating to the
government, politics, economy etc of a country, region, or the world
ความสัมพันธ์ระหว่างประเทศ<br>
<b style="font-weight: bold;">sorry state</b><span
 style="font-weight: bold;"> of </span><b
 style="font-weight: bold;">affairs - </b>a bad or
unpleasant situation (that is sad to even look at or think about)<br>
<b>dean</b> - a senior official at a college or university,
often the head of a faculty or department คณบดี (ทางการศึกษา), อธิการบดี<br>
<b>findings</b> - the results or conclusions of an
investigation or research<br>
<span style="font-weight: bold;">Quality
Learning Foundation (QLF) - </span>NGO working towards building
a "Learning Society" in Thailand (See <a
 href="http://www.qlf.or.th/">website</a> and twitter: <a
 href="http://twitter.com/qlfthailand">@qlfthailand</a>)<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The study found
children of </span><b
 style="font-weight: bold; font-family: Georgia;">primary</b><span
 style="font-weight: bold; font-family: Georgia;"> school</span><span
 style="font-family: Georgia;"> age topped the list of those
who were not receiving a basic formal education, followed by those in
secondary school.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Factors pushing
children out of the formal school system include financial problems, </span><span
 style="font-weight: bold; font-family: Georgia;">broken
families</span><span style="font-family: Georgia;">,
poor health and </span><b style="font-family: Georgia;">pressure</b><span
 style="font-family: Georgia;"> from schools which </span><b
 style="font-family: Georgia;">shun</b><span
 style="font-family: Georgia;"> students with weak </span><b
 style="font-family: Georgia;">academic</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">records</b><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>primary</b>
- first and most important<br>
<b style="font-weight: bold;">primary</b><span
 style="font-weight: bold;"> school -</span> the first
early stage of required education (compulsory education) from about age
5 to 12 (See <a href="http://en.wikipedia.org/wiki/Primary_school">Wikipedia</a>)<br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">broken families - </span>situations
where the mother and father of children stop living together (divorce,
separation, etc), also known as a "broken home"&nbsp; <br>
<b>pressure</b> - when people are being pushed or forced to
so something<br>
<b>shun</b> - to deliberately avoid a person, place or
activity<br>
<span style="font-weight: bold;">academic - </span>related
to education (especially university education)&nbsp; <br>
<b>records</b> - pieces of information describing something
written down or stored on a computer บันทึุก<br>
<b>academic records -</b> the information kept at schools
on what courses a student has taken and the grades they received <br>
</div>
<b style="font-family: Georgia;"><br>
</b><span style="font-family: Georgia;">Ms Juajan
said the </span><span
 style="font-weight: bold; font-family: Georgia;">findings
reflected</span><span style="font-family: Georgia;">
a </span><b style="font-family: Georgia;">survey</b><span
 style="font-family: Georgia;"> by the National Statistical
Office in 2006 which found the quality of the country's </span><b
 style="font-weight: bold; font-family: Georgia;">labour force</b><span
 style="font-family: Georgia;"> was </span><b
 style="font-family: Georgia;">declining.</b><span
 style="font-family: Georgia;">
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Uneducated or </span><span
 style="font-weight: bold; font-family: Georgia;">under-educated</span><span
 style="font-family: Georgia;"> children were unlikely to
make up a strong </span><b style="font-family: Georgia;">pool</b><span
 style="font-family: Georgia;"> of skilled workers in the
future.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The number of workers
with an education </span><b style="font-family: Georgia;">background</b><span
 style="font-family: Georgia;"> below primary primary level
stands at 21.6 million people, or 60% of the country's labour-age
population," Ms Juajan said.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Low education </span><b
 style="font-family: Georgia;">standards</b><span
 style="font-family: Georgia;"> make Thailand's labour
exports uncompetitive, she said.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">findings - </span>what
research or a study finds out or discovers to be true <br>
<span style="font-weight: bold;">reflect -</span>
show <br>
<b>survey</b> - gathering information about what people
think about different subjects (public opionion) by asking large
numbers of people questions and counting their answers, and then using
statistics, graphs, and tables to present results (See <a
 href="http://en.wikipedia.org/wiki/Survey_%28statistics%29">Wikipedia</a>)
การสำรวจ <br>
<b style="font-weight: bold;">labour force -</b> all
the people working in an economy (and those looking for work too)<br>
<b>declining</b> - worsening<br>
<span style="font-weight: bold;">under-educated - </span>do
not have enough education to achieve goals in life <br>
<b>pool</b> - a group of people available for work สมาคม
กลุ่มสถาบัน<br>
<b>background</b> - personal history and experience<br>
<b>standards</b> - an acceptable level of quality or
achievement มาตรฐาน<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Supakorn Buasai,
manager of the QLF which organised the seminar, </span><b
 style="font-family: Georgia;">insisted</b><span
 style="font-family: Georgia;"> children must be allowed the </span><b
 style="font-family: Georgia;">opportunity</b><span
 style="font-family: Georgia;"> to enter or re-enter the
formal education system.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">He said the </span><span
 style="font-weight: bold; font-family: Georgia;">problem</span><span
 style="font-family: Georgia;"> of so many children not
receiving a basic education
would have serious social and economic ramifications if </span><span
 style="font-weight: bold; font-family: Georgia;">left
untackled</span><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The children would
become jobless and they might turn to </span><b
 style="font-family: Georgia;">illicit</b><span
 style="font-family: Georgia;"> drugs and crime, Mr Supakorn
said.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">He </span><b
 style="font-family: Georgia;">urged</b><span
 style="font-family: Georgia;"> municipalities across the
country to help solve
the problem as they were closely involved in managing primary and
secondary education.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>insisted</b>
- say firmly that something must happen or is true, and will not change
mind<br>
<b>opportunity</b> - a situation when it is possible to do
something that you want to do (See <a
 href="a%20situation%20when%20it%20is%20possible%20to%20do%20something%20that%20you%20want%20to%20do">glossary</a>)<br>
<span style="font-weight: bold;">tackle a problem - </span>solve
a problem<br style="font-weight: bold;">
<span style="font-weight: bold;">problem left untackled - </span>problem
left not solved <br>
<b>illicit</b> - against the law ผิดกฎหมาย<br>
<b>urged</b> - advised someone very strongly about what
action should be taken วิงวอน<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Phatthalung </span><b
 style="font-family: Georgia;">municipality</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">mayor</b><span
 style="font-family: Georgia;"> Kosil Paisarnsil said his
municipality faced a problem with students quitting school after it
took over </span><b style="font-family: Georgia;">supervision</b><span
 style="font-family: Georgia;"> of public schools a few days
ago.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Many schools wanted to
</span><b style="font-family: Georgia;">enrol</b><span
 style="font-family: Georgia;"> only smart students. Students
who did not do well academically could not </span><span
 style="font-weight: bold; font-family: Georgia;">stand the
pressure</span><span style="font-family: Georgia;">
and left.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Fewer than 10 out of
61 primary school students under the municipality's management could
read or write Thai, the mayor said.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">After completing
Prathom Suksa6 (Grade 6), they failed to meet the
academic requirements to continue their education in secondary school.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Tueng (real name
withheld) said he was </span><span
 style="font-weight: bold; font-family: Georgia;">expelled</span><span
 style="font-family: Georgia;"> from school when he was in
Grade 9 for </span><b style="font-family: Georgia;">misconduct</b><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">He said he became
rebellious because he was </span><b
 style="font-family: Georgia;">frustrated</b><span
 style="font-family: Georgia;"> that the school turned away
children with </span><b style="font-family: Georgia;">troubled</b><span
 style="font-family: Georgia;"> backgrounds.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">He turned to illicit
drugs and </span><b
 style="font-weight: bold; font-family: Georgia;">committed</b><span
 style="font-weight: bold; font-family: Georgia;"> crimes</span><span
 style="font-family: Georgia;"> but was finally caught.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Tueng said he was </span><b
 style="font-weight: bold; font-family: Georgia;">given a new
lease</b><span style="font-weight: bold; font-family: Georgia;">
of life</span><span style="font-family: Georgia;">
by officials at Ban Kanchanapisek </span><span
 style="font-weight: bold; font-family: Georgia;">Remand</span><span
 style="font-family: Georgia;"> Home.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>municipality</b>
- a town, city or district with its own local government เทศบาล<br>
<b>mayor</b> - the chief, head, leader of a town<br>
<b>supervision</b> - the process of making sure that
something is being done properly การควบคุมดูแล การตรวจตรา<br>
<b>enrol</b> - register, sign up สมัคร<br>
<b>enrol</b> - to put yourself onto the official list of
members of a course or college ลงทะเบียน<br>
<span style="font-weight: bold;">stand the pressure -</span>
be able to resist being forced to do something <span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">expelled - </span>forced
to leave a school or organization because of bad behaviour <br>
<b>misconduct</b> - unacceptable or bad behaviour by
someone in a position of authority or responsibility การประพฤติผิด<br>
<b>frustrated</b> - feeling annoyed and impatient because
prevented from achieving something ผิดหวัง,ท้อแท้ใจมาก หงุดหงิดใจ<br>
<b>troubled</b> - has problems<br>
<b style="font-weight: bold;">committed</b><span
 style="font-weight: bold;"> crimes - </span>do
something illegal (they could be punished for by going to jail or
paying a fine)<br>
<span style="font-weight: bold;">lease on life -</span>
given a new chance (after a failure)<span style="font-weight: bold;"><br>
</span><span style="font-weight: bold;">remand - </span>waiting
for a criminal trial ("remanded in custody" means waiting in jail,
"remanded on bail" means waiting outside of jail)<span
 style="font-weight: bold;"> </span><br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source:</span><span
 style="font-family: Georgia;"> Bangkok Post, Up to 2 million
young miss basic education, Dire social, economic outcomes predicted,
26/08/2010, Sirikul Bunnag, </span><a
 style="font-family: Georgia;"
 href="http://www.bangkokpost.com/news/local/192939/up-to-2-million-young-miss-basic-education">link</a><span
 style="font-family: Georgia;">)&nbsp; </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
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<entry>
    <title>Labour rights laws for migrant workers in Thailand (24-08-10)</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/work_and_labor/labour_rights_laws_for_migrant.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12206" title="Labour rights laws for migrant workers in Thailand (24-08-10)" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12206</id>
    
    <published>2010-08-24T10:40:48Z</published>
    <updated>2010-08-24T12:42:59Z</updated>
    
    <summary> Labour rights laws for migrant workers in Thailand By Jon Fernquest Many Bangkokians might guess that most maids (more respectfully: &quot;domestic workers&quot;) employed in Bangkok are not Thai at all but from Burma or Laos, in other words they...</summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Work and Labor" />
    
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<h3 style="font-family: Georgia;"><span
 style="font-style: italic;">Labour rights</span> laws
for <span style="font-style: italic;">migrant workers</span>
in Thailand </h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img
 style="border: 1px solid ; width: 360px; height: 576px; float: right; font-family: Georgia;"
 alt="domestic worker hiding"
 src="http://www.readbangkokpost.com/business/domesticworker.jpg"
 hspace="5"><span style="font-family: Georgia;">Many
Bangkokians might guess that most maids (more respectfully: "</span><span
 style="font-weight: bold; font-family: Georgia;">domestic
workers</span><span style="font-family: Georgia;">")
employed in Bangkok are </span><span
 style="font-style: italic; font-family: Georgia;">not Thai
at all</span><span style="font-family: Georgia;">
but from Burma or Laos, in other words they are </span><span
 style="font-weight: bold; font-family: Georgia;">migrant
domestic workers.<br>
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">According to today's
article, however, Thai domestic workers (225,000) still</span> <span
 style="font-weight: bold; font-family: Georgia;">outnumber</span><span
 style="font-family: Georgia;"> foreign domestic workers
(150,000).</span><span
 style="font-weight: bold; font-family: Georgia;"><br>
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">One might also guess
that in many cases their employers have not obtained the necessary</span><span
 style="font-weight: bold; font-family: Georgia;"></span><span
 style="font-family: Georgia;"> Thai </span><span
 style="font-weight: bold; font-family: Georgia;">work visa</span><span
 style="font-family: Georgia;"> to make them legal since this
would </span><span
 style="font-style: italic; font-family: Georgia;">add to the
cost of employing them.&nbsp; </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">It is helpful to
imagine what a more just and humane would be like for domestic workers.
<br>
<br>
If domestic workers&nbsp;had </span><span
 style="font-weight: bold; font-family: Georgia;">enforced
legal rights</span><span style="font-family: Georgia;">
as workers and work visa laws were actually enforced on their
employers, "domestic worker" might actually become an </span><span
 style="font-weight: bold; font-family: Georgia;">attractive
occupation</span><span style="font-family: Georgia;">
for poor rural Thais,&nbsp;work they could support and build a
future for their families with. &nbsp; </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">One key labour right
is the "right to change employers" which is the key to avoiding </span><span
 style="font-weight: bold; font-family: Georgia;">abusive</span><span
 style="font-family: Georgia;"> employers.&nbsp; </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">There are many other
issues that the new law must address including: </span><span
 style="font-weight: bold; font-family: Georgia;">unfair
dismissal</span><span style="font-family: Georgia;">,
</span><span style="font-weight: bold; font-family: Georgia;">severance
pay</span><span style="font-family: Georgia;">,
holding wages <span style="font-weight: bold;">in arrears</span>
and sometimes not even paying it at all, which is made even easier if
the worker has no official visa and is completely </span><span
 style="font-weight: bold; font-family: Georgia;">dependent </span><span
 style="font-family: Georgia;">on their employer.&nbsp; </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article begins
after the vocabulary below. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">On right photo of
domestic worker trying to hide from view behind a wall. They are often
kept locked up in their employer's house and often are not paid their
wages on time or at all. Because their employer does not get them a
visa and legal residence in Thailand, they are completely dependent on
their employer being just.&nbsp; </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">domestic
worker -</span><span style="font-family: Georgia;">
a person working in the home of a family doing tasks such as cooking,
house cleaning and washing (See </span><a
 style="font-family: Georgia;"
 href="http://en.wikipedia.org/wiki/Domestic_worker">Wikipedia</a><span
 style="font-family: Georgia;">)</span><br
 style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">domestic
-</span><span style="font-family: Georgia;"> within
the home </span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">migrant
- </span><span style="font-family: Georgia;">moving
from one place, region or country to another in order to work and/or
live </span><br
 style="font-weight: bold; font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">migrant
workers - </span><span style="font-family: Georgia;">people
who move to another country to work </span><br
 style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">migrant
domestic worker -</span><span style="font-family: Georgia;">
maids from other countries who work in the the homes or condomimiums of
your country (See </span><a style="font-family: Georgia;"
 href="http://en.wikipedia.org/wiki/Migrant_domestic_workers">Wikipedia</a><span
 style="font-family: Georgia;">)</span><br
 style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">X
outnumbers Y -</span><span style="font-family: Georgia;">
there is more X then there is Y </span><span
 style="font-weight: bold; font-family: Georgia;"><br>
work visa - </span><span style="font-family: Georgia;">the
informal name for the Thai visa that allows a person to work in
Thailand </span><span
 style="font-weight: bold; font-family: Georgia;"><br
 style="font-weight: bold;">
enforced <br>
legal rights</span><span style="font-family: Georgia;">&nbsp;-
what the law allows you to have and do สิทธิ์&nbsp;(See </span><a
 style="font-family: Georgia;"
 href="http://en.wikipedia.org/wiki/Rights">Wikipedia</a><span
 style="font-family: Georgia;">)</span><br
 style="font-weight: bold; font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">attractive
occupation -</span><span style="font-family: Georgia;">
a job that is worth having and doing (because a good wage, interesting,
a nice and fair employer, etc)</span><span
 style="font-weight: bold; font-family: Georgia;"><br>
abusive - </span><span style="font-family: Georgia;">treating
a person in a violent way <br>
<span style="font-weight: bold;">arrears - </span>money
that is owed that should have been paid earlier <br>
</span><span style="font-weight: bold; font-family: Georgia;">dependent
-</span><span style="font-family: Georgia;"> needing
another person to live, work or do some other activity </span><span
 style="font-weight: bold; font-family: Georgia;"><br>
sever -</span><span style="font-family: Georgia;">
cut </span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">severance
-</span><span style="font-family: Georgia;"> the act
of ending an employee's employment contract </span><br
 style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">severance
pay - </span><span style="font-family: Georgia;">the
amount of money that must be paid to an employee if their employment is
ended (according to the contract they signed) <br>
<span style="font-weight: bold;">hold in arrears - </span></span><br
 style="font-weight: bold; font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;">dismissal
- </span><span style="font-family: Georgia;">when a
company or other organization removes an employee from their job</span><span
 style="font-weight: bold; font-family: Georgia;"><br>
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">Local News
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">LABOUR
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;"><span
 style="font-style: italic;">Maid-to-order</span> <b
 style="font-style: italic;">bill</b><span
 style="font-style: italic;"> </span>helps <b
 style="font-style: italic;">domestic</b><span
 style="font-style: italic;"> workers</span>
</h4>
<span style="font-family: Georgia;">23/08/2010</span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">Lamphai Intathep
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Hundreds of thousands
of </span><span
 style="font-weight: bold; font-family: Georgia;">domestic
workers</span><span style="font-family: Georgia;">
are set to gain the same protection enjoyed by workers in </span><b
 style="font-family: Georgia;">official</b><span
 style="font-family: Georgia;"> economic </span><span
 style="font-weight: bold; font-family: Georgia;">sectors</span><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Pongsak Plengsaeng, an
adviser to Labour Minister Paitoon Kaewthong, said the </span><b
 style="font-family: Georgia;">draft</b><span
 style="font-family: Georgia;"> of the ministerial </span><b
 style="font-family: Georgia;">regulation</b><span
 style="font-family: Georgia;"> on the protection of domestic
workers, those who work within their employers' </span><b
 style="font-family: Georgia;">household</b><span
 style="font-family: Georgia;">, was </span><b
 style="font-family: Georgia;">expected</b><span
 style="font-family: Georgia;"> to be completed on Sept 23,
the ministry's </span><b style="font-family: Georgia;">anniversary.</b><span
 style="font-family: Georgia;">
</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span>
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;">maid vs. made - </span>"worker
who cleans a house" vs. "to create something" (the title plays with the
similarity of these two words)<br>
<span style="font-weight: bold;">play on words - <br>
made to order -</span> made specially to meet your needs and
requirements (example: made to order suit that fits exactly) <span
 style="font-weight: bold;">&nbsp;<br>
</span><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><b>sector</b><span
 class="Apple-converted-space">&nbsp;</span>- a
part of a country's economic or business activity ภาค (เศรษฐกิจ)
(public sector = government, private sector = all businesses, household
sector = families and consumers, banking sector,...) (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Sector_%28economy%29"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<b>bill</b> - a written document containing a proposal for
a new law ญัตติ<span style="font-weight: bold;"></span><br>
<b>official</b> - approved by the government or some
authority ที่เป็นทางการ<br>
<b>draft</b> - not in a final form and likely to be changed
ร่าง<br>
<b>regulation</b> - an official rule that controls the way
that things are done กฎระเบียบ, ระเบียบข้อบังคับ<br>
<b>household</b> - a group of people, often a family, who
live together ครัวเรือน<br>
<b>expected</b> - believe will happen คาดว่า (จะเกิดขึ้น)<br>
<b>anniversary</b> - a date when you celebrate something
that happened in a previous year that is important to you วันครบรอบ<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">He said it would be
sent to the cabinet for </span><b
 style="font-family: Georgia;">consideration</b><span
 style="font-family: Georgia;"> and </span><b
 style="font-family: Georgia;">approval</b><span
 style="font-family: Georgia;"> this year.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Mr Pongsak said the
regulation would </span><b style="font-family: Georgia;">lure</b><span
 style="font-family: Georgia;"> more people to the domestic
industry as they would be protected by the law, and, importantly, the
law would be promoted among </span><b
 style="font-family: Georgia;">employers</b><span
 style="font-family: Georgia;"> and employees.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">He said employees
should know about their basic </span><b
 style="font-family: Georgia;">rights</b><span
 style="font-family: Georgia;"> and employers must </span><b
 style="font-family: Georgia;">realise</b><span
 style="font-family: Georgia;"> what they should avoid.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>consideration</b>
- to go over details before deciding to do a project<br>
<b>approval</b> - official permission การอนุมัต<br>
<b>lure</b> - to persuade someone to do something by making
seem very attractive หลอกล่อ&nbsp;(See <a
 href="http://www.readbangkokpost.com/businesswords/alphabetical/p/pace.php">glossary</a>)<br>
<b>employers</b> - companies that hire workers<br>
<b>rights</b> - what the law allows you to have and do
สิทธิ์&nbsp;(See <a href="http://en.wikipedia.org/wiki/Rights">Wikipedia</a>)<br>
<b>realise</b> - to know about ตระหนัก รู้<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The minimum </span><b
 style="font-family: Georgia;">wage</b><span
 style="font-family: Georgia;">, day </span><b
 style="font-weight: bold; font-family: Georgia;">leave</b><span
 style="font-family: Georgia;">, </span><b
 style="font-family: Georgia;">access</b><span
 style="font-family: Georgia;"> to medical </span><b
 style="font-family: Georgia;">treatment</b><span
 style="font-family: Georgia;"> and education, and other
requirements would be specified in the ministerial regulation.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Mr Pongsak's </span><b
 style="font-family: Georgia;">announcement</b><span
 style="font-family: Georgia;"> at a seminar yesterday
</span><span style="font-weight: bold; font-family: Georgia;">heralding
</span><span style="font-family: Georgia;">this
Saturday's Day of Domestic Workers is being </span><span
 style="font-weight: bold; font-family: Georgia;">cheered</span><span
 style="font-family: Georgia;"> by
domestic workers, both Thais and foreigners, and </span><span
 style="font-weight: bold; font-family: Georgia;">labour
rights
activists</span><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>wage</b>
- an amount of money that you earn for working, usually according to
how many hours or days you work each week or month ค่าจ้าง<br>
<b>leave</b> - time take off from work, either paid or
unpaid การพักงาน<br>
<b>leave</b> - a period of time when you are not working at
your job, doing something else (for example, "medical leave" to receive
medical treatment)<br>
<b>access</b> - the right or opportunity to have or use
something ได้รับสิทธิ์หรือโอกาสในการใช้<br>
<b>access</b> - the ability to get something
สิทธิหรือโอกาสในการใช้<br>
<b>treatment</b> - the process of providing medical care
การรักษา<br>
<b>announcement</b> - information given to public ประกาศ<br>
<span style="font-weight: bold;">heralding - </span>happening
before some event, informing people that the event will happen,
announcing <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">cheer -</span> to show that
you like and appreciate something by shouting happily and clapping your
hands <span style="font-weight: bold;"><br>
</span><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">activist –<span
 class="Apple-converted-space">&nbsp;</span></span>someone
who takes part in activities that are intended to achieve political or
social change, especially someone who is a member of an organisation
นักกิจกรรม<span class="Apple-converted-space">&nbsp;</span></span></span><br>
<span style="font-weight: bold;">labour rights
activists -</span> people working for change in the laws that
protect workers <br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"></span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">The </span><span
 style="font-weight: bold; font-family: Georgia;">1998 Labour
Protection Act</span><span style="font-family: Georgia;">
does not cover domestic workers.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Sumeth Riddhagani,
head of the House of Representatives' labour committee, said domestic
workers were looked on as not contributing much to the country's
economy, so </span><b style="font-family: Georgia;">policy</b><span
 style="font-family: Georgia;"> makers had previously paid
them little attention.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Many do not have a day
off, holidays, health </span><b style="font-family: Georgia;">benefits</b><span
 style="font-family: Georgia;">, education </span><b
 style="font-family: Georgia;">opportunities</b><span
 style="font-family: Georgia;"> or any </span><b
 style="font-family: Georgia;">bargaining</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">power</b><span
 style="font-family: Georgia;"> with their employers. Some
domestic workers also </span><b style="font-family: Georgia;">suffer
sexual harassment.</b><span style="font-family: Georgia;">&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">1998 Labour Protection Act - </span>Thailand's
set of laws for protecting the rights of workers, covers such things as
"severance pay" and "unfair dismissal"&nbsp; (Read&nbsp;<a
 href="http://www.aseanhrmech.org/downloads/thailand-Labour_Protection_Act_of_1998.pdf">the
law (pdf)</a>)<br>
<span style="font-weight: bold;"></span><b>policy</b>
- a set of plans or action agreed on by a government, political party,
business, or other group นโยบาย&nbsp;(See <a
 href="http://en.wikipedia.org/wiki/Policy">Wikipedia</a>)<br>
<b>benefits</b> - things like health insurance that
employees receives in addition to their salary and wages<br>
<b>opportunities</b> - situations in which it is possible
to do what you want or need to do<br>
<b style="font-weight: bold;">bargaining</b><span
 style="font-weight: bold;"> power -</span> the ability
to get a better deal from someone (for example, a better price for
something you want to buy)<br>
<b>power</b> - energy in the form of electricity produced
in large quantities and used to operate lights, machines, and heating<br>
<b>suffer</b> - to experience physical or mental pain<br>
<b> sexual harassment -</b>&nbsp;"intimidation,
bullying or coercion of a sexual nature, or the unwelcome or
inappropriate promise of rewards in exchange for sexual
favors"&nbsp;(See <a
 href="http://en.wikipedia.org/wiki/Sexual_harassment">Wikipedia</a>)<br>
</div>
<b style="font-family: Georgia;"><br>
</b><span style="font-family: Georgia;">Adisorn
Kerdmongkol, a member of the human rights </span><b
 style="font-family: Georgia;">activist</b><span
 style="font-family: Georgia;"> group </span><span
 style="font-weight: bold; font-family: Georgia;">Committee
of Action Network for Migrants</span><span
 style="font-family: Georgia;">, said there was no exact
number of domestic workers in the country.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">But based on </span><span
 style="font-weight: bold; font-family: Georgia;">Kasikorn
Research Centre</span><span style="font-family: Georgia;">
</span><b style="font-family: Georgia;">data</b><span
 style="font-family: Georgia;"> collected in 2007, there were
an estimated 400,000 people working for private </span><b
 style="font-family: Georgia;">households</b><span
 style="font-family: Georgia;">, consisting of 225,000 Thai-</span><b
 style="font-family: Georgia;">nationality</b><span
 style="font-family: Georgia;"> domestic workers and 150,000
foreign domestics. The remaining 25,000 were Thai people working in
overseas households.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Mr Adisorn </span><span
 style="font-weight: bold; font-family: Georgia;">applauded</span><span
 style="font-family: Georgia;"> the government's action.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>activist</b>
- someone who takes part in activities that are
intended to achieve political or social change, especially someone who
is a member of an organisation นักกิจกรรม,
ผู้ดำเนินการที่มีความกระตือรือร้น<br>
<span style="font-weight: bold;">Action Network for
Migrants (ANM) -</span> an NGO in Thailand that works to protect
the rights of migrants and migrant workers (See <a
 href="http://www.december18.net/action-network-migrants">contact
information</a>) <span style="font-weight: bold;"><br>
</span><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">Kasikorn Research Center</span><span
 class="Apple-converted-space">&nbsp;</span>-
Thailand's top private economic research center<span
 class="Apple-converted-space">&nbsp;</span><span
 style="font-weight: bold;"></span>(See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://www.kasikornresearch.com/en/Pages/Default.aspx"
 style="text-decoration: underline; color: rgb(51, 102, 204);">website</a>)</span></span><br>
<span style="font-weight: bold;"></span><b>data</b>
- facts or information used for making calculations or decisions ข้อมูล<br>
<b>households</b> - families or groups of people living
together<br>
<b>nationality</b> - the official right to belong to a particular
country สัญชาติ,เชื้อชาติ, ชนชาติ<br>
<span style="font-weight: bold;">applauded - </span>praised,
said they thought something was very good <br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source:</span><span
 style="font-family: Georgia;"> Bangkok Post,&nbsp;LABOUR</span><span
 style="font-style: italic; font-family: Georgia;">,
Maid-to-order</span><span style="font-family: Georgia;">
</span><b style="font-style: italic; font-family: Georgia;">bill</b><span
 style="font-style: italic; font-family: Georgia;"> </span><span
 style="font-family: Georgia;">helps </span><b
 style="font-style: italic; font-family: Georgia;">domestic</b><span
 style="font-style: italic; font-family: Georgia;"> workers</span><span
 style="font-family: Georgia;">, 23/08/2010, Lamphai
Intathep, </span><a style="font-family: Georgia;"
 href="http://www.bangkokpost.com/news/local/192403/maid-to-order-bill-helps-domestic-workers">link</a><span
 style="font-family: Georgia;">) </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<br style="font-family: Georgia;">
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</entry>
<entry>
    <title>Thailand&apos;s construction industry: Overseas projects in the pipeline (23-08-10)</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/industries/thailands_construction_industr.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12201" title="Thailand's construction industry: Overseas projects in the pipeline (23-08-10)" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12201</id>
    
    <published>2010-08-23T12:00:49Z</published>
    <updated>2010-08-23T12:10:11Z</updated>
    
    <summary> Thailand&apos;s construction industry: Overseas projects in the pipeline By Jon Fernquest Thai companies are involved in construction projects in countries as far afield as Bahrain, India, Sri Lanka and Vietnam. Construction projects range from housing and high-rise apartment buildings...</summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Industries" />
    
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 http-equiv="content-type">
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<body>
<h3 style="font-family: Georgia;">Thailand's construction
industry: Overseas projects <span style="font-style: italic;">in
the pipeline</span> </h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img
 style="border: 1px solid ; width: 360px; height: 270px; float: right; font-family: Georgia;"
 alt="construction site"
 src="http://www.readbangkokpost.com/business/constructionsite.jpg"
 hspace="5"><span style="font-family: Georgia;">Thai
companies are involved in </span><span
 style="font-weight: bold; font-family: Georgia;">construction</span><span
 style="font-family: Georgia;"> projects in countries as <span
 style="font-weight: bold;">far afield</span> as </span><span
 style="font-weight: bold; font-family: Georgia;">Bahrain</span><span
 style="font-family: Georgia;">, India, Sri Lanka and
Vietnam.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Construction projects
range from housing
and high-rise apartment buildings to bridges, </span><span
 style="font-weight: bold; font-family: Georgia;">road
networks</span><span style="font-family: Georgia;">
and&nbsp;</span><span
 style="font-weight: bold; font-family: Georgia;">massive
infrastructure</span><span style="font-family: Georgia;">
projects such as water supply systems, airports and </span><b
 style="font-family: Georgia;">mass</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">transit</b><span
 style="font-family: Georgia;"> systems. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;"></span><span
 style="font-weight: bold; font-family: Georgia;">Italian-Thai
Development</span><span style="font-family: Georgia;">
is&nbsp;the large Thai </span><span
 style="font-weight: bold; font-family: Georgia;">multinational
corporation</span><span style="font-family: Georgia;">
involved in much of this work.&nbsp; </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article
provides the details and begins after the vocabulary below. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"></span><b>construction</b>
- the work of building or making something, especially buildings,
bridges, etc. การก่อสร้าง (See <a
 href="http://en.wikipedia.org/wiki/Construction">Wikipedia</a>)<br>
<span style="font-weight: bold;">in the pipeline - </span>being
planned and prepared and will be available soon<br>
<span style="font-weight: bold;">far afield -</span>
far away&nbsp;(from where you are living)<span
 style="font-weight: bold;"><br>
</span><span style="font-weight: bold;">Bahrain -</span>
a small island country next to Saudi Arabia (See <a
 href="http://en.wikipedia.org/wiki/Bahrain">Wikipedia</a>)<span
 style="font-weight: bold;"><br>
</span><span style="font-weight: bold;">road
networks - </span>a system of roads that are connected to each
other <br>
<span style="font-weight: bold;">massive -</span>
very large <span style="font-weight: bold;"><br>
</span><b>infrastructure</b> - The basic facilities,
services, and
installations needed for the functioning of the community, such as
transportation and communications systems, water and power lines, and
public institutions including schools, post offices, and prisons (See <a
 href="http://www.google.com/search?hl=en&amp;rls=com.microsoft:en-US:IE-SearchBox&amp;rlz=1I7SKPB&amp;defl=en&amp;q=define:infrastructure&amp;ei=eU1cSqKVJp2G6APQ252TDA&amp;sa=X&amp;oi=glossary_definition&amp;ct=title">Google
Definitions</a>)<span style="font-weight: bold;"></span><span
 style="font-weight: bold;"><br>
</span><span style="font-weight: bold;">mass
transit&nbsp;- </span>public transportation such as subway,
bus, elevated train, train, light rail, etc.<span
 style="font-weight: bold;"><br>
</span><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">Italian-Thai Development -<span
 class="Apple-converted-space">&nbsp;</span></span>Thailand's
largest construction company founded in 1954 (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://www.itd.co.th/en/company.php"
 style="text-decoration: underline; color: rgb(51, 102, 204);">website</a>)</span></span><br>
<span style="font-weight: bold;">Multinational Corporation
(MNC) - </span>a
corporation with factories or operations in many countries, very large
multinationals spend more money than many countries, also have a
powerful influence in international relations and local
economies&nbsp;<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;">(See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Multinational_corporation"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><span
 style="font-weight: bold;"></span><br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Economics
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;">Thai <b
 style="font-style: italic;">construction</b> firms
likely winners of B20bn in Bahrain <b style="font-style: italic;">contracts</b><span
 style="font-style: italic;">
</span></h4>
<span style="font-family: Georgia;">23/08/2010 </span><br
 style="font-family: Georgia;">
<span style="font-family: Georgia;">Chatrudee Theparat
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Thai construction
companies led by </span><span
 style="font-weight: bold; font-family: Georgia;">Italian-Thai
Development</span><span style="font-family: Georgia;">
look </span><b style="font-family: Georgia;">poised</b><span
 style="font-family: Georgia;"> to win a 20-billion-baht </span><b
 style="font-family: Georgia;">contract</b><span
 style="font-family: Georgia;"> to build the first </span><span
 style="font-weight: bold; font-family: Georgia;">phase</span><span
 style="font-family: Georgia;"> of 4,500 housing units in
Bahrain.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">They are also highly
likely to win the </span><b style="font-family: Georgia;">bidding</b><span
 style="font-family: Georgia;"> for other projects in the
Persian Gulf </span><b style="font-family: Georgia;">state</b><span
 style="font-family: Georgia;">,
including a new parliament building and high-rises, said Kiat
Sittheeamorn, president of the </span><span
 style="font-weight: bold; font-family: Georgia;">Thailand
Trade Representative Office
(TTR)</span><span style="font-family: Georgia;">.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>contract</b>
- a written (or oral) agreement that is legally binding สัญญา<br>
<b>poised</b> - about to do or achieve something ได้มาซึ่ง<br>
<span style="font-weight: bold;">phase - </span>a
period of time or stage during the growth and development of something <br>
<b>bidding</b> - making an offer that is better than other
people's offers, so they choose you <br>
<span style="font-weight: bold;">win the bidding - </span>making
the best offer, so they choose you <br>
<span style="font-weight: bold;">Persian Gulf -</span>
"an extension of the Indian Ocean located between Iran and the Arabian
Peninsula" (See <a href="http://en.wikipedia.org/wiki/Persian_Gulf">Wikipedia</a>)<br>
<b>state</b> - government รัฐ<br>
<span style="font-weight: bold;">Thailand Trade
Representative Office
(TTR) -</span> Thai government agency responsible for
international trade and investment policy (See <a
 href="http://www.ttr.thaigov.go.th/about_us_detail.php?lang=_en&amp;id=1">website</a>)<br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">He said
the TTR and five Thai construction firms had worked closely together
for more than a year to </span><b
 style="font-family: Georgia;">tap</b><span
 style="font-family: Georgia;"> the Bahraini construction
market.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The companies have a
relatively high </span><b
 style="font-weight: bold; font-family: Georgia;">competitive</b><span
 style="font-weight: bold; font-family: Georgia;"> edge</span><span
 style="font-family: Georgia;"> in the </span><b
 style="font-family: Georgia;">international</b><span
 style="font-family: Georgia;"> market, given their long
experience constructing</span><span
 style="font-weight: bold; font-family: Georgia;"> high-rises</span><span
 style="font-family: Georgia;">, </span><span
 style="font-weight: bold; font-family: Georgia;">public</span><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">infrastructure</b><span
 style="font-family: Georgia;"> and housing projects, as well
as in design and </span><b style="font-family: Georgia;">decoration</b><span
 style="font-family: Georgia;"> work.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>tap</b>
- use and get something of value from (example: tap every resource
available to get the project done on time, harness the untapped
potential in your organization) &nbsp; <br>
<b>competitive</b> - involving competition มีการแข่งขัน<br>
<b style="font-weight: bold;">competitive</b><span
 style="font-weight: bold;"> edge - </span>being
better than competitors, just enough to win and succeed&nbsp; <br>
<b>international</b> - ระหว่างประเทศ between countries<br>
<span style="font-weight: bold;"> high-rises - </span>very
tall buildings <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">public - </span>involving
the government<span style="font-weight: bold;"> </span><br>
<b>infrastructure</b> - The basic facilities, services, and
installations needed for the functioning of the community, such as
transportation and communications systems, water and power lines, and
public institutions including schools, post offices, and prisons (See <a
 href="http://www.google.com/search?hl=en&amp;rls=com.microsoft:en-US:IE-SearchBox&amp;rlz=1I7SKPB&amp;defl=en&amp;q=define:infrastructure&amp;ei=eU1cSqKVJp2G6APQ252TDA&amp;sa=X&amp;oi=glossary_definition&amp;ct=title">Google
Definitions</a>)<br>
<b>decoration</b> - preparing to make look more beautiful,
attractive and nice to look at <br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Mr Kiat said the
government was also focusing on other Middle East markets plus India,
Sri Lanka and Vietnam.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Thai construction
firms have </span><span
 style="font-weight: bold; font-family: Georgia;">to date</span><span
 style="font-family: Georgia;"> signed on for more than 100
billion baht worth of construction projects in India, including the
Kolkata airport, </span><b style="font-family: Georgia;">mass</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">transit</b><span
 style="font-family: Georgia;"> systems, bridges and </span><span
 style="font-weight: bold; font-family: Georgia;">road
networks</span><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The TTR is also
preparing to lead a </span><b style="font-family: Georgia;">trade</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">mission</b><span
 style="font-family: Georgia;">
to Sri Lanka and Vietnam next month to tap their construction
industries. Sri Lanka wants to develop its water supply system, housing
and infrastructure, while Vietnam plans an </span><b
 style="font-family: Georgia;">active</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">expansion</b><span
 style="font-family: Georgia;"> of its basic infrastructure
and housing, said Mr Kiat.
</span><br style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"><br>
</span>
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">to date - </span>before
and including this time, not after <br>
<b>mass</b> - large numbers จำนวนมหาศาล (here: large
numbers of people)<br>
<b>transit</b> - the act of moving from one place to
another การเดินทางผ่าน<br>
<span style="font-weight: bold;">mass transit&nbsp;- </span>public
transportation such as subway, bus, elevated train, train, light rail,
etc.<span style="font-weight: bold;"><br>
</span><span style="font-weight: bold;">networks - </span>"a
system of lines or similar things such as roads or wires that are
connected to each other" (Source: <a
 href="http://www.macmillandictionary.com/dictionary/british/network">Macmillan
Dictionary</a>)<span style="font-weight: bold;"><br>
</span><span style="font-weight: bold;"></span><span
 style="font-weight: bold;">road networks - </span>a
system of roads that are connected to each other <br>
<b>trade</b> - the buying and selling of goods การค้าขาย<br>
<b>mission</b> - an important job, especially a military
one, that someone is sent somewhere to do งาน<br>
<span style="font-weight: bold;">trade mission - </span>a
group of people sent by a government to another country to discuss
business and trade issues, to promote trade&nbsp;<span
 style="font-weight: bold;"> </span><br>
<b>active</b> - working, operating, doing its job<br>
<b>expansion</b> - when something increases in size, number
or importance การขยายออก<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">In a related </span><b
 style="font-family: Georgia;">development</b><span
 style="font-family: Georgia;">, he said the design for
Thailand's first food </span><b style="font-family: Georgia;">warehouse</b><span
 style="font-family: Georgia;"> and trade </span><b
 style="font-family: Georgia;">distribution</b><span
 style="font-family: Georgia;"> centre in Bahrain was almost
complete, with construction to start soon.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The centre could open
as early as next year to supply Thai products throughout the Persian
Gulf region, </span><b style="font-family: Georgia;">initially</b><span
 style="font-family: Georgia;"> construction materials, rice,
</span><b style="font-family: Georgia;">tapioca</b><span
 style="font-family: Georgia;"> and </span><span
 style="font-weight: bold; font-family: Georgia;">halal</span><span
 style="font-family: Georgia;"> foods.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">It will be </span><span
 style="font-weight: bold; font-family: Georgia;">privately
funded</span><span style="font-family: Georgia;">
and managed, with state </span><b
 style="font-family: Georgia;">authorities</b><span
 style="font-family: Georgia;"> acting only as a </span><span
 style="font-weight: bold; font-family: Georgia;">facilitator</span><span
 style="font-family: Georgia;">.
&nbsp;</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">It is part of an </span><b
 style="font-family: Georgia;">ambitious</b><span
 style="font-family: Georgia;"> government plan to </span><b
 style="font-family: Georgia;">expand</b><span
 style="font-family: Georgia;"> Thai exports into new
markets, particularly the Middle East.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>a
development</b> - an event that changes the existing situation <br>
<b>warehouse</b> - a large building for storing things
โกดังสินค้า, คลังสินค้า, โรงพัสดุ<br>
<b>distribution</b> - giving or delivering things to many
people การจำหน่ายออกไป<br>
<b>initially</b> - at first ในเบื้องต้น&nbsp;ในระยะต้น<br>
<b>tapioca</b> - cassava, an important food source of
carbohydrates, also source of ethanol car fuel (See <a
 href="http://en.wikipedia.org/wiki/Manioc">Wikipedia</a>)
มันสำปะหลัง <br>
<span style="font-weight: bold;">halal</span> -
Muslim&nbsp;halal food, food that it is "permissible" (=halal) for
a Muslim to eat, the food must follow Muslim dietary laws in its
preparation which means that any producer must be certified by experts
to ensure its adherence (See Wikipedia on<span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space"> </span><a
 href="http://en.wikipedia.org/wiki/Halal"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Halal
food and Muslim dietary laws</a><span
 class="Apple-converted-space"></span>)</span></span><br>
<b>funded</b> - money provided for operation of a business
or organisation ให้ความช่วยเหลือทางการเงิน ให้เงินลงทุน<br>
<span style="font-weight: bold;">privately funded - </span>money
for business or project given by private businesses<span
 style="font-style: italic;"> not the government </span><br>
<b>authorities</b> - the government, the people who control
and govern some activity ผู้มีอำนาจ เจ้าหน้าที่<span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">facilitate</span>
(verb) - help <br>
<span style="font-weight: bold;">facilitator </span>(noun)
- someone who helps&nbsp; <br>
<b>ambitious</b> - goals are very high and difficult to
achieve (perhaps even too high to be achieved) ทะเยอทยาน<br>
<b>expand</b> - to become larger ขายตัวออกไป<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source:</span><span
 style="font-family: Georgia;"> Bangkok Post, Economics, Thai
</span><b style="font-style: italic; font-family: Georgia;">construction</b><span
 style="font-family: Georgia;"> firms likely winners of B20bn
in Bahrain </span><b
 style="font-style: italic; font-family: Georgia;">contracts</b><span
 style="font-style: italic; font-family: Georgia;">, </span><span
 style="font-family: Georgia;">23/08/2010, Chatrudee
Theparat. </span><a style="font-family: Georgia;"
 href="http://www.bangkokpost.com/business/economics/192430/thai-construction-firms-likely-winners-of-b20bn-in-bahrain-contracts">link</a><span
 style="font-family: Georgia;">)&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
</body>
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</entry>
<entry>
    <title>Personal income tax in Thailand: Few pay it (20-08-10)</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/government/personal_income_tax_in_thailan.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12193" title="Personal income tax in Thailand: Few pay it (20-08-10)" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12193</id>
    
    <published>2010-08-20T07:42:25Z</published>
    <updated>2010-08-20T07:52:30Z</updated>
    
    <summary> Personal income tax in Thailand: Few pay it By Jon Fernquest A seminar at the Fiscal Policy Office this week described how personal income tax is paid by very few people in Thailand. The seminar also covered income distribution...</summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Government" />
    
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<h3 style="font-family: Georgia;"><span
 style="font-style: italic;">Personal income tax</span>
in Thailand: Few pay it </h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img style="border: 1px solid ; float: right; font-family: Georgia;"
 alt="tax preparation"
 src="http://www.readbangkokpost.com/business/taxpreparation.jpg"
 hspace="5"><span style="font-family: Georgia;">A
</span><span style="font-weight: bold; font-family: Georgia;">seminar</span><span
 style="font-family: Georgia;"> at the </span><span
 style="font-weight: bold; font-family: Georgia;">Fiscal
Policy Office</span><span style="font-family: Georgia;">
this week described how </span><span
 style="font-weight: bold; font-family: Georgia;">personal
income tax</span><span style="font-family: Georgia;">
is paid by very few people in Thailand. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The seminar also
covered </span><span
 style="font-weight: bold; font-family: Georgia;">income
distribution</span><span style="font-family: Georgia;">
in Thailand and government efforts to</span><span
 style="font-weight: bold; font-family: Georgia;"> alleviate
income inequality</span><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium; font-family: Georgia;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;">As <a
 href="http://www.readbangkokpost.com/business/macroeconomics/the_need_to_reform_thailands_s.php">yesterday's
article</a> indicated, without a sufficient<span
 class="Apple-converted-space">&nbsp;</span><span
 style="font-weight: bold;">tax base</span><span
 class="Apple-converted-space">&nbsp;</span>an
economy like Thailand's cannot become a<span
 class="Apple-converted-space">&nbsp;</span><span
 style="font-weight: bold;">welfare state</span><span
 class="Apple-converted-space">&nbsp;</span>as some<span
 style="font-weight: bold;"> advocate</span> (See <a
 href="http://www.readbangkokpost.com/business/government/jon_ungphakorns_2008_agendafor.php">Jon
Ungpakorn's 2008 article</a> that presents this idea and <a
 href="http://www.readbangkokpost.com/business/government/thai_government_drive_to_impro.php">Dr.
Pasuk Phongpaichit's article on improving tax collection</a>
&nbsp; ).<span class="Apple-converted-space"></span></span></span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article begins
after the vocabulary. </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(The photo on right
shows a person sitting on the floor of their living room with </span><span
 style="font-weight: bold; font-family: Georgia;">receipts</span><span
 style="font-family: Georgia;"> filling out their </span><span
 style="font-weight: bold; font-family: Georgia;">personal
income tax return</span><span style="font-family: Georgia;">)</span><br
 style="font-family: Georgia;">
<span style="font-weight: bold; font-family: Georgia;"></span><br
 style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>income</b>
- money that people receive from work or some other source, used for
household consumption and savings<br>
<span style="font-weight: bold;">income tax - </span>a
percentage of a person or company's income that must be paid to the
government (See <a href="http://en.wikipedia.org/wiki/Income_tax">Wikipedia</a>)<br>
<b>personal income tax - </b>tax paid by individual people
on the income they earn each year<b> <br>
</b><span style="font-weight: bold;">Fiscal Policy
Office</span><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;"></span><span
 class="Apple-converted-space">&nbsp;</span>- the
Thai government agency that researches policy related to Thai
government spending and financing debt to cover spending deficits (when
tax receipts are not enough to cover spending)<span
 class="Apple-converted-space">&nbsp;</span></span></span><br>
<span style="font-weight: bold;">seminar</span> - an
education meeting on a subject where people discuss and interact <span
 style="font-weight: bold;"></span><span
 style="font-weight: bold;"><br>
alleviate -</span> reduce the negative effects of a problem <span
 style="font-weight: bold;"><br>
</span><span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">income distribution -</span><span
 class="Apple-converted-space">&nbsp;</span>how a
country’s total income economy is distributed amongst its population
(either equally or unequally) (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Income_distribution"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)<big><span
 class="Apple-converted-space">&nbsp;</span><big>การกระจายรายได</big>้</big></span></span><br>
<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">income inequality, economic
inequality -</span><span class="Apple-converted-space">&nbsp;</span>when
most of a country's income and assets are possessed by a small group of
people, not spread equally over the whole population<span
 class="Apple-converted-space">&nbsp;</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;">(See a<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Gini_coefficient#Income_Gini_coefficients_in_the_world"
 style="text-decoration: underline; color: rgb(51, 102, 204);">colour-coded
map of world economic inequality</a><span
 class="Apple-converted-space">&nbsp;</span>as
measured by the<span class="Apple-converted-space">&nbsp;</span><b>Gini
coefficients</b><span class="Apple-converted-space"><span
 class="Apple-converted-space">&nbsp;</span></span>and
also Wikipedia on<span class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Economic_inequality"
 style="text-decoration: underline; color: rgb(51, 102, 204);">income
inequality</a><span class="Apple-converted-space">&nbsp;</span>and<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Income_inequality_metrics"
 style="text-decoration: underline; color: rgb(51, 102, 204);">income
inequality metrics</a>).<span class="Apple-converted-space"><br>
</span></span></span></span></span><b
 style="font-weight: bold;">tax return -</b> the form
that a person or company fills in with information that shows how the
tax they are paying is calculated <br>
<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">tax base</span><span
 class="Apple-converted-space">&nbsp;</span>- tax
collected by the government from an economy (that in turn supports
government programs) &nbsp;<span class="Apple-converted-space">&nbsp;</span><span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">welfare state -<span
 class="Apple-converted-space">&nbsp;</span></span>a
government that takes of people with special needs (the poor, disabled,
aged, long-term sickness)<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space">&nbsp;</span><span
 style="font-weight: bold;"></span>(See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Welfare_state"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<span style="font-weight: bold;">advocate -<span
 class="Apple-converted-space">&nbsp;</span></span>publicly
support a policy<span class="Apple-converted-space">&nbsp;</span></span></span><br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Economics
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">ECONOMY
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;">Only 2.3m Thais pay <b
 style="font-style: italic;">income</b><span
 style="font-style: italic;"> tax
</span></h4>
<span style="font-family: Georgia;">20/08/2010
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">Wichit
Chantanusornsiri
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Just 2.3 million
people </span><b style="font-family: Georgia;">nationwide</b><span
 style="font-family: Georgia;"> pay personal income tax to
help </span><b style="font-family: Georgia;">finance</b><span
 style="font-family: Georgia;"> </span><span
 style="font-weight: bold; font-family: Georgia;">public
spending</span><span style="font-family: Georgia;">
for the country's </span><b style="font-family: Georgia;">population</b><span
 style="font-family: Georgia;"> of more than 64 million, says
Satit Rungkasiri, the director-general of the </span><span
 style="font-weight: bold; font-family: Georgia;">Fiscal
Policy Office</span><span style="font-family: Georgia;">.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">While some 9 million
people </span><b
 style="font-weight: bold; font-family: Georgia;">file</b><span
 style="font-weight: bold; font-family: Georgia;"> personal
income tax </span><b
 style="font-weight: bold; font-family: Georgia;">returns</b><span
 style="font-family: Georgia;"> each year, the </span><b
 style="font-family: Georgia;">majority</b><span
 style="font-family: Georgia;"> are </span><b
 style="font-family: Georgia;">exempt</b><span
 style="font-family: Georgia;"> from</span><b
 style="font-weight: bold; font-family: Georgia;"> tax
liability</b><span style="font-family: Georgia;"> as
they earn less than 20,000 baht per month.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>nationwide</b>
- throughout a whole country ทั่วทั้งประเทศ<br>
<b>finance</b> - to provide money for something
จัดหาเงินทุนให้<br>
<span style="font-weight: bold;"><span
 style="font-style: italic;">public</span> spending - </span><span
 style="font-style: italic;">government</span> spending<span
 style="font-weight: bold;"> </span><br>
<span style="font-weight: bold;"></span><b>population</b>
- all the people in an area or country <br>
<b style="font-weight: bold;">tax return -</b> the
form that a person or company fills in with information that shows how
the tax they are paying is calculated <b style="font-weight: bold;"><br>
file</b><span style="font-weight: bold;">&nbsp;tax
</span><b style="font-weight: bold;">return - </b>officially
give the government a tax return &nbsp;<b
 style="font-weight: bold;"> </b><br>
<b>majority</b> - more than 50 percent of a group
เสียงส่วนมาก, คนส่วนใหญ่<br>
<b>exempt</b> - permission not to do something<br>
<b>liability</b> - (legal) responsibility or requirement,
something that must be done ความรับผิดชอบ<br>
<b style="font-weight: bold;"> tax liability -</b>
the amount of tax that must be paid to the government by a person or
organization <br>
</div>
<b style="font-weight: bold; font-family: Georgia;"><br>
</b><span style="font-family: Georgia;">Just 2.3
million people have to </span><b
 style="font-weight: bold; font-family: Georgia;">carry the
burden</b><span style="font-family: Georgia;"> for
the entire population," Mr Satit said yesterday at the FPO's </span><b
 style="font-family: Georgia;">annual</b><span
 style="font-family: Georgia;"> economics </span><b
 style="font-family: Georgia;">symposium</b><span
 style="font-family: Georgia;">. This year's </span><b
 style="font-family: Georgia;">theme</b><span
 style="font-family: Georgia;"> focused on economic and
social </span><span
 style="font-weight: bold; font-family: Georgia;">inequality</span><span
 style="font-family: Georgia;">, a major theme in the
government's broader social and political</span><b
 style="font-weight: bold; font-family: Georgia;">
reconciliation</b><span
 style="font-weight: bold; font-family: Georgia;"> roadmap</span><span
 style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">A closer look at the
tax </span><b style="font-family: Georgia;">figures</b><span
 style="font-family: Georgia;"> offers even a </span><span
 style="font-weight: bold; font-family: Georgia;">bleaker</span><span
 style="font-family: Georgia;"> picture of the </span><b
 style="font-family: Georgia;">gap</b><span
 style="font-family: Georgia;"> between rich
and poor. Some 60,000 people each year pay taxes at the highest bracket
of 37%, which applies for annual income of more than 4 million baht per
year.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>burden</b>
- a difficult responsibility, a difficult thing that must be done, a
heavy load to carry ภาระ (See <a
 href="http://www.readbangkokpost.com/businesswords/alphabetical/b/burden.php">glossary</a>)<br>
<b style="font-weight: bold;">carry the burden - </b>do
a difficult thing that must be done <br>
<b>annual</b> - happening once a year ประจำปี<br>
<b>symposium</b> - a conference or large meeting in which
experts and academics discuss a subject in detail<br>
<b>theme</b> - the main subject of something ใจความสำคัญ,
ประเด็นหลัก<br>
<span style="font-weight: bold;">inequality - </span>when
people in a society have greatly different incomes, jobs, positions and
opportunities&nbsp; <br>
<b>reconciliation</b> -&nbsp;the process of two friends
who have fought becoming friends again การปรองดอง,
การทำให้ปรองดองกันอีก,การคืนด, การประีนีประนอม<br>
<span style="font-weight: bold;">roadmap - </span>a
plan that shows how goals will be achieved (how to get to a "final
destination," just like a "roadmap")<br>
<b>figures</b> - statistics, numbers describing the economy
<br>
<span style="font-weight: bold;">bleaker -</span>
without much hope, very sad and negative <br>
<span style="font-weight: bold;"></span><b>gap</b>
- a large difference between people or groups ช่องว่าง<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">This group of 60,000 </span><b
 style="font-family: Georgia;">taxpayers</b><span
 style="font-family: Georgia;"> however account for as much
as 50% of total personal income tax collected each year. And </span><span
 style="font-weight: bold; font-family: Georgia;">a full
one-third</span><span style="font-family: Georgia;">
of income tax collected is paid by just 2,400 people in the country
earning over 10 million baht per year.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Mr Satit said over the
past two </span><b style="font-family: Georgia;">decades</b><span
 style="font-family: Georgia;"> of economic growth, Thailand's</span><span
 style="font-weight: bold; font-family: Georgia;"> income gap</span><span
 style="font-family: Georgia;"> had remained roughly
unchanged.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The richest 20% of the
population account for 54% of total income,
while the poorest 20% account for just 4.8%. Overall, Thailand's</span><b
 style="font-weight: bold; font-family: Georgia;"> income
distribution</b> ranks around the middle when compared with other
countries in the world.
<br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>taxpayers</b>
- people who pay taxes (who don't want to see their hard-earned money
wasted) ผู้เสียภาษี<br>
<span style="font-weight: bold;">a full one-third - </span>one
third, which is a large amount (used for emphasis)<br>
<span style="font-weight: bold;"></span><b>decade</b>
- period of ten years เป็นสิบๆปี<br>
<span style="font-weight: bold;"> income gap - </span>differences
in income in a society <span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space"></span></span></span></span></span><br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Improving </span><b
 style="font-weight: bold; font-family: Georgia;">public
welfare</b><span
 style="font-weight: bold; font-family: Georgia;"> </span><b
 style="font-weight: bold; font-family: Georgia;">services</b><span
 style="font-family: Georgia;"> is one </span><b
 style="font-family: Georgia;">means</b><span
 style="font-family: Georgia;"> of </span><span
 style="font-weight: bold; font-family: Georgia;">closing
income disparities</span><span style="font-family: Georgia;">,
Mr Satit said.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">But economic </span><b
 style="font-family: Georgia;">resources</b><span
 style="font-family: Georgia;"> are limited, so it is
necessary to prioritise and </span><b
 style="font-family: Georgia;">focus</b><span
 style="font-family: Georgia;"> on </span><b
 style="font-family: Georgia;">fundamental</b><span
 style="font-family: Georgia;"> areas, such as education and
health care," he said.</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>welfare</b>
- living in good conditions (with health, wealth, and happiness)
ความสะดวกสบาย, ความมีสุขภาพดี, สวัสดิภาพ<br>
<b style="font-weight: bold;">public welfare</b><span
 style="font-weight: bold;"> </span><b
 style="font-weight: bold;">services </b>- help given,
especially by the state or an organization, to people who need it; good
care and living conditions สวัสดิภาพ<br>
<b>mean</b> - method; way วิธี, วิธีการ<br>
<span style="font-weight: bold;">disparity - </span>difference
(two things are not equal)&nbsp; <br>
<span style="font-weight: bold;">closing income
disparities - </span>acting to make the income of people more
equal in an economy <br>
<b>resources</b> - things such as money, workers and
equipment that can be used to help achieve something ทรัพยากร<br>
<b>focus</b> - think about and work on one thing (rather
than waste time on many), concentrate time and attention on one thing
ให้ความสำคัญ<br>
<b>fundamental</b> - very important and essential พื้นฐาน
รากฐานที่สำคัญ<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Welfare spending has
increased </span><b style="font-family: Georgia;">significantly</b><span
 style="font-family: Georgia;"> in recent years, including </span><b
 style="font-family: Georgia;">funding</b><span
 style="font-family: Georgia;"> for free education for
students, </span><b style="font-family: Georgia;">pension</b><span
 style="font-family: Georgia;"> payments for the </span><b
 style="font-family: Georgia;">elderly</b><span
 style="font-family: Georgia;"> and utilities </span><b
 style="font-family: Georgia;">subsidies</b><span
 style="font-family: Georgia;"> for the poor.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">On the funding side,
the government is preparing to pass a new </span><b
 style="font-weight: bold; font-family: Georgia;">land</b><span
 style="font-weight: bold; font-family: Georgia;"> and
building tax</span><span style="font-family: Georgia;">
aimed at encouraging landowners to develop properties and reduce land </span><b
 style="font-family: Georgia;">speculation</b><span
 style="font-family: Georgia;"> in the market. Authorities </span><b
 style="font-family: Georgia;">estimate</b><span
 style="font-family: Georgia;"> that 70% of total</span><span
 style="font-weight: bold; font-family: Georgia;">
landholdings</span><span style="font-family: Georgia;">
in the country are undeveloped.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>significantly</b>
- in an important way อย่างสำคัญ<br>
<b>funding</b> - money given for a particular purpose or
project การให้เงินสนับสนุน<br>
<b>pension</b> - a saving system for retirement and old
age, a regular payment by a company or the government to people after
their retirement เงินบำเหน็ด บำนาญ (See <a
 href="http://en.wikipedia.org/wiki/Pension">Wikipedia</a>)<br>
<b>elderly</b> - older people, over 65 สูงวัย, อาวุโส,
อายุมาก<br>
<b>subsidies</b> - when the government pays part of the
cost of some activity to encourage it เงินช่วยเหลือจากรัฐ เงินสนับสนุน<br>
<b style="font-weight: bold;">land</b><span
 style="font-weight: bold;"> and building tax -</span>
property tax, tax paid on land and buildings that a person or company
owns (See <a href="http://en.wikipedia.org/wiki/Property_tax">Wikipedia</a>)<br>
<b>speculation</b> - buying an asset hoping that its price
will go up and you will make money, it could go down with a loss of
money, assuming the risk of loss in return for the uncertain
possibility of a reward (See <a
 href="http://en.wikipedia.org/wiki/Speculation">Wikipedia</a>)<br>
<b>estimate</b> - to say what you think an amount or value
is or will be, either by using available information or by guessing
คาดคะเน, โดยประมาณ<br>
<span style="font-weight: bold;"> landholdings - </span>the
land that is owned by a person or company <br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">Another
law would </span><b style="font-family: Georgia;">establish</b><span
 style="font-family: Georgia;"> a </span><b
 style="font-weight: bold; font-family: Georgia;">national</b><span
 style="font-weight: bold; font-family: Georgia;"> savings </span><b
 style="font-weight: bold; font-family: Georgia;">fund</b><span
 style="font-family: Georgia;"> to help </span><b
 style="font-family: Georgia;">boost</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">retirement</b><span
 style="font-family: Georgia;"> savings for the poor.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Deputy finance
minister Pradit Phataraprasit said over time, it has become </span><b
 style="font-family: Georgia;">evident</b><span
 style="font-family: Georgia;"> that </span><b
 style="font-family: Georgia;">efforts</b><span
 style="font-family: Georgia;"> to reduce income </span><b
 style="font-family: Georgia;">disparity</b><span
 style="font-family: Georgia;"> through </span><b
 style="font-family: Georgia;">redistribution</b><span
 style="font-family: Georgia;"> have had little effect.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>establish</b>
- to start something that will likely continue for a long time สถาปนา,
ก่อตั้ง, จัดตั้ง<br>
<b>fund</b> - a collection or gathering together of money
เงินทุน กองทุน<br>
<b style="font-weight: bold;">national</b><span
 style="font-weight: bold;"> savings </span><b
 style="font-weight: bold;">fund - </b>a place where
the people of the country put part of their income each month to save
for the future <br>
<b>boost</b> - to increase; to strengthen เพิ่ม;
ทำให้มีกำลังมากขึ้น<br>
<b>retirement</b> - the time when you stop working,
especially because of old age เกษียณอายุ<br>
<b>evident</b> - easy to see and notice, clear เห็นไ้ด้ชัด<br>
<b>efforts</b> - people trying to accomplish something,
achieve a goal ความพยายาม<br>
<b>efforts</b> - the work done towards achieving some goal<br>
<b>disparity</b> - a big difference between two things<br>
<b>redistribution</b> - sharing something out differently
from before, especially in a fairer way
การปันส่วนหรือจัดสรรอย่างเป็นธรรม<br>
<b>redistribution</b> - taking from one group of people and
giving to another group<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Rather than thinking
of how to </span><b
 style="font-weight: bold; font-family: Georgia;">split</b><span
 style="font-weight: bold; font-family: Georgia;"> the cake</span><span
 style="font-family: Georgia;">, we should consider how to
make the cake bigger, to help </span><b
 style="font-family: Georgia;">improve</b><span
 style="font-family: Georgia;"> </span><span
 style="font-weight: bold; font-family: Georgia;">quality of
life</span><span style="font-family: Georgia;"> for
the poor," he said
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Reaching this goal
will depend on strengthening the economy's </span><b
 style="font-family: Georgia;">competitiveness</b><span
 style="font-family: Georgia;">. Mr Pradit noted that
Singapore currently enjoyed per capita income up to six times that of
Thailand
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The </span><b
 style="font-family: Georgia;">aim</b><span
 style="font-family: Georgia;"> of taxes shouldn't be to
finance welfare
programmes alone, but rather to strengthen the economy's
competitiveness and guide future </span><b
 style="font-family: Georgia;">investment</b> within
the economy," he said
<br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>split</b>
- to divide ทำให้แตกแยก<br>
<b style="font-weight: bold;">split</b><span
 style="font-weight: bold;"> the cake -</span> meaning
here: the way income in an economy is divided among different groups <br>
<b>improve</b> - to make better ทำให้ดีขึ้น<br>
<span style="font-weight: bold;">quality of life</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 class="Apple-converted-space">- the degree of well-being
felt by a person or group of people, often very different from income,
depending on such factors as health, stress levels, clean air, time
spent in traffic jams, work hours, free time, the neighborhood you live
in, for example: many consider the quality of life in the provinces ito
be greater than Bangkok</span> (See<span
 class="Apple-converted-space">&nbsp;</span><a
 href="http://en.wikipedia.org/wiki/Quality_of_life"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Wikipedia</a>)</span></span><br>
<b>competitiveness</b> - how well a business can do
compared to other firms (does it have lower price or higher quality?)
การแข่งขัน<br>
<b>competitiveness</b> - how well a company is able to
maintain or gain customers in a market<br>
<b>aim</b> - purpose; goal เป้าหมาย จุดมุ่งหมาย<br>
<b>investment</b> - taking your money and putting it into
projects to make a profit or earn interest (buying stock shares, bonds,
real estate)<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source: </span><span
 style="font-family: Georgia;">Bangkok Post, business
section, Only 2.3m Thais pay </span><b
 style="font-style: italic; font-family: Georgia;">income</b><span
 style="font-style: italic; font-family: Georgia;"> tax, </span><span
 style="font-family: Georgia;">20/08/2010, Wichit
Chantanusornsiri, </span><a style="font-family: Georgia;"
 href="http://www.bangkokpost.com/business/economics/191986/only-2-3m-thais-pay-income-tax">link</a><span
 style="font-family: Georgia;">)&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
</body>
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</entry>
<entry>
    <title>The need to reform Thailand&apos;s shadow economy (18-08-10)</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/macroeconomics/the_need_to_reform_thailands_s.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12185" title="The need to reform Thailand's shadow economy (18-08-10)" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12185</id>
    
    <published>2010-08-18T13:32:10Z</published>
    <updated>2010-08-19T05:50:43Z</updated>
    
    <summary> The need to reform Thailand&apos;s shadow economy By Jon Fernquest Without a sufficient tax base an economy like Thailand&apos;s cannot become a welfare state as some advocate. Thailand has one of the largest shadow economies in the world and...</summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Macroeconomics" />
    
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        <![CDATA[<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN">
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  <meta content="text/html; charset=utf-8"
 http-equiv="content-type">
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<body>
<h3 style="font-family: Georgia;">The need to <span
 style="font-style: italic;">reform</span> Thailand's <span
 style="font-style: italic;">shadow economy </span></h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img
 style="border: 1px solid ; width: 360px; height: 377px; float: right; font-family: Georgia;"
 alt="shadow economy"
 src="http://www.readbangkokpost.com/business/shadoweconomy.png"
 hspace="5"><span style="font-family: Georgia;">Without
a sufficient </span><span
 style="font-weight: bold; font-family: Georgia;">tax base</span><span
 style="font-family: Georgia;"> an economy like Thailand's
cannot become a </span><span
 style="font-weight: bold; font-family: Georgia;">welfare
state</span><span style="font-family: Georgia;"> as
some </span><span
 style="font-weight: bold; font-family: Georgia;">advocate</span><span
 style="font-family: Georgia;">. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Thailand has one of
the largest </span><span
 style="font-weight: bold; font-family: Georgia;">shadow
economies</span><span style="font-family: Georgia;">
in the world and part of this means that a huge fraction of Thai people
and businesses do not pay taxes. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Until this shadow
economy is reduced to a </span><span
 style="font-weight: bold; font-family: Georgia;">reasonable</span><span
 style="font-family: Georgia;"> size and tax collection
improved, an </span><span
 style="font-weight: bold; font-family: Georgia;">expanded
government role</span><span style="font-family: Georgia;">
in poverty reduction and </span><span
 style="font-weight: bold; font-family: Georgia;">alleviation</span><span
 style="font-family: Georgia;"> would probably be difficult
if not impossible (this is at least a good starting <span
 style="font-weight: bold;">hypothesis</span> to
investigate). </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article by
Thai economist Sawai Boonma takes as its starting point an article that
compares shadow economies across the world</span><span
 style="font-style: italic; font-family: Georgia;"></span><span
 style="font-family: Georgia;"> (Read </span><a
 style="font-family: Georgia;"
 href="http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1645726">academic
paper</a><span style="font-family: Georgia;">).<br>
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article begins
after the vocabulary. </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">shadow economy -</span>
market-based
production of goods and services that conceals important information
from the government and the public such as income and the taxes that
need to be paid on the income and as part of doing business, unfair
treatment of labour that does not meet labour standards &nbsp; (See
<a href="http://en.wikipedia.org/wiki/Black_market">Wikipedia
on black market</a> but note the definition used in the paper is
not quite the same) <br>
<b>reform</b> - a change that is intended to correct a
situation that is wrong or unfair การแก้ไข การปฏิรูป<br>
<span style="font-weight: bold;">tax base</span> -
tax collected by the government from an economy (that in turn supports
government programs) &nbsp; <span style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">welfare state - </span>a
government that takes of people with special needs (the poor, disabled,
aged, long-term sickness)<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"> <span
 style="font-weight: bold;"></span>(See <a
 href="http://en.wikipedia.org/wiki/Welfare_state">Wikipedia</a>)</span></span><br>
<span style="font-weight: bold;">advocate - </span>publicly
support a policy <span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 18px;"><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span></span></span><br>
<span style="font-weight: bold;">reasonable - </span>sensible,
reasonable, has good reasons for doing <br>
<span style="font-weight: bold;">role -</span>&nbsp;purpose
or function in a situation or activity <br>
<span style="font-weight: bold;">expanded role - </span>has
a greater function in a situation or activity <br>
<span style="font-weight: bold;">alleviation -</span>
reducing the negative effects of a problem <br>
<span style="font-weight: bold;">hypothesis -</span>
an idea that explains&nbsp;observed facts, that must be proven by
testing<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 18px;"><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span><span
 class="Apple-converted-space"></span></span></span>
(See <a href="http://en.wikipedia.org/wiki/Hypothesis">Wikipedia</a>)<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Opinion
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">OUTSIDE THE BOX
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;">The <span
 style="font-weight: bold; font-style: italic;">shadow economy</span>
and <b style="font-style: italic;">reform</b><span
 style="font-style: italic;"> </span><b
 style="font-style: italic;">agenda</b>
</h4>
<span style="font-family: Georgia;">18/08/2010
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">Sawai Boonma
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Recent research on
shadow economies raises some </span><b
 style="font-family: Georgia;">issues</b><span
 style="font-family: Georgia;">
that need to be addressed by the two reform committees. In June,
Friedrich Schneider, Andreas Buehn and Claudio Montenegro published a
paper titled </span><span
 style="font-style: italic; font-family: Georgia;">Shadow
Economies all over the World: New Estimates for 162 Countries from 1999
to 2007</span><span style="font-family: Georgia;">.
The researchers define a shadow economy as all market-based production
of goods and services that are </span><b
 style="font-weight: bold; font-family: Georgia;">deliberately</b><span
 style="font-weight: bold; font-family: Georgia;"> concealed</span><span
 style="font-family: Georgia;"> from </span><b
 style="font-weight: bold; font-family: Georgia;">public
authorities</b><span style="font-family: Georgia;">
to avoid any of the following.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">1. Paying </span><b
 style="font-family: Georgia;">income</b><span
 style="font-family: Georgia;">, value-added or other taxes,
and </span><b style="font-weight: bold; font-family: Georgia;">social
security</b><span style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">contributions. </b><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">2. Meeting labour
market </span><b style="font-family: Georgia;">standards</b><span
 style="font-family: Georgia;"> such as</span><b
 style="font-weight: bold; font-family: Georgia;"> minimum
wages</b><span style="font-family: Georgia;">, </span><b
 style="font-family: Georgia;">maximum</b><span
 style="font-family: Georgia;"> working hours, safety
requirements; and
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">3. </span><span
 style="font-weight: bold; font-family: Georgia;">Complying</span><span
 style="font-family: Georgia;"> with administrative
procedures, such as completing statistical</span><span
 style="font-weight: bold; font-family: Georgia;">
questionnaires</span><span style="font-family: Georgia;">.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;"></span><b>agenda</b>
- list of goals to achieve in the future วาระ<br>
<b>issue</b> - a subject that needs to be considered ประเด็น<br>
<b>raise issue - </b>start talking about an issue in a
meeting (urging other people to talk or think about it) <br>
<b>deliberately</b> - done intentionally; done on purpose,
do it knowing full well you that you are doing it จงใจ ตั้งใจ<br>
<b style="font-weight: bold;">deliberately</b><span
 style="font-weight: bold;"> concealed - </span>hide
and know you are hiding <br>
<span style="font-weight: bold;"></span><b>authorities</b>
- the government, the people who control and govern some activity
ผู้มีอำนาจ เจ้าหน้าที่<br>
<b style="font-weight: bold;">public authorities - </b>government
agencies and departments เจ้าหน้าที่ของรัฐ <br>
<b>income</b> - money that people receive from work or some
other source, used for household consumption and savings<br>
<b>security</b> - the need to provide safety from attack,
harm or damage ความปลอดภัย<br>
<b style="font-weight: bold;">social security</b><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"><span
 style="font-weight: bold;">&nbsp;-<span
 class="Apple-converted-space">&nbsp;</span></span>money
that the government pays regularly to people who are poor, sick,
disabled, or unemployed</span></span><br>
<b>contributions</b> - the amount given by each member to
the shared fund<br>
<b>standards</b> - an acceptable level of quality or
achievement มาตรฐาน<b><br>
wage - </b>an amount of money regularly paid to a worker for the
work they do (per hour, per day) ค่าแรง<b><br>
a minimum wage - </b>the lowest pay rate that a company can
legally pay workers, legally set by the governent to ensure that people
can look after their families, economists claim that minimum wages can
create unemployment (See<span class="Apple-converted-space">&nbsp;</span><a
 href="http://www.economist.com/research/Economics/alphabetic.cfm?term=minimumwage#minimumwage"
 style="text-decoration: underline; color: rgb(51, 102, 204);">Economist
glossary</a>) ค่าแรงขั้นต่ำ<span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 16px;"></span></span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"></span><br>
<b>maximum</b> - the most possible ที่สูงสุด ที่มากที่สุด <br>
<span style="font-weight: bold;">complying</span> -
following a rule &nbsp; &nbsp;<span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">questionnaire</span><span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; font-weight: bold; line-height: 16px;"><span
 class="Apple-converted-space">&nbsp;</span><span
 style="font-weight: normal;">- a written list of questions
that many people answer to provide data for a survey or study<span
 class="Apple-converted-space"> (See <a
 href="http://en.wikipedia.org/wiki/Questionnaire">Wikipedia</a>)</span></span></span></span><br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">These are
some of their </span><b
 style="font-weight: bold; font-family: Georgia;">pertinent
findings</b><span style="font-family: Georgia;">:
The average size of the shadow economy </span><b
 style="font-family: Georgia;">relative</b><span
 style="font-family: Georgia;"> to the officially recorded
economy as </span><b style="font-family: Georgia;">measured</b><span
 style="font-family: Georgia;">
by Gross Domestic Product (GDP) of the 162 countries has increased from
33.7% in 1999 to 35.5% in 2007. Switzerland has the lowest ratio,
falling between 7.7% and 9.1%, while Georgia has the highest, between
64.8% and 72.5%. With the </span><span
 style="font-weight: bold; font-family: Georgia;">ratio
standing between 51.8 and 57.2%</span><span
 style="font-family: Georgia;">, Thailand is among the
countries having the largest shadow economies.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">These </span><b
 style="font-family: Georgia;">results</b><span
 style="font-family: Georgia;"> stand </span><span
 style="font-weight: bold; font-family: Georgia;">regardless
of</span><span style="font-family: Georgia;"> how
the </span><span
 style="font-weight: bold; font-family: Georgia;">model is
specified</span><span style="font-family: Georgia;">
over seven different ways. For example, when 151 advanced and
developing countries are grouped together, Thailand ranks No. 8, while
Vietnam ranks number 136, Singapore 143 and China 144. Thailand also
ranks No. 8 when only 98 developing countries are included, while
others are way down the list.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>pertinent
- </b>relevant <b><br>
findings</b> - the results or conclusions of an investigation or
research<br>
<b>relative</b> - a member of your family ญาติพี่น้อง<br>
<b>measured</b> - careful and limited อย่างไตร่ตรองและรอบคอบ<br>
<span style="font-weight: bold;">ratio -</span> the
relationship of two amounts X and Y, expressed as division (X / Y) or
as a percentage (%) <br>
<span style="font-weight: bold;">ratio standing between
51.8 and 57.2%</span><br>
<b>results</b> - what is produced in the end by an activity
or task<br>
<span style="font-weight: bold;">X regardless of Y -</span>
X is true and it does not matter what Y is <br>
<span style="font-weight: bold;">model -</span> a
statistical model, some math and grouping of data used to describe an
object of study (See <a
 href="http://en.wikipedia.org/wiki/Statistical_model">Wikipedia
on statistical model</a>) <span class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: small;"></span><br>
<span style="font-weight: bold;">specify <span
 style="font-weight: bold;">model - </span></span>create
a model <br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">These
numbers clearly show that we Thais are way ahead of our neighbours and </span><b
 style="font-weight: bold; font-family: Georgia;">trading
partners</b><span style="font-family: Georgia;">
when it comes to hiding economic activities.&nbsp;
</span><br style="font-family: Georgia;">
<b style="font-weight: bold; font-family: Georgia;"><br>
</b><span style="font-family: Georgia;">This, of
course, is not a </span><b
 style="font-weight: bold; font-family: Georgia;">badge of
honour</b><span style="font-family: Georgia;">.
Rather, it </span><span
 style="font-weight: bold; font-family: Georgia;">is a shame</span><span
 style="font-family: Georgia;">.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>partners</b>
- the companies owning part of the joint venture หุ้นส่วน<br>
<b style="font-weight: bold;">trading partners - </b>other
countries that a country trades with (imports goods from, exports goods
to)<br>
<b>honour</b> - to do what you promised to do ทำตามสัญญา<br>
<b style="font-weight: bold;">badge of honour - </b>something
that you are proud of&nbsp; <br>
<span style="font-weight: bold;">is a shame </span>-
is a sad situation or truth (better if it was not this way) <br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">However,
not all the blame should be placed on </span><b
 style="font-family: Georgia;">individual</b><span
 style="font-family: Georgia;"> Thais. Apparently the system
plays a </span><b style="font-family: Georgia;">significant</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">role</b><span
 style="font-family: Georgia;">. This is because the
researchers found that, in general, four </span><b
 style="font-family: Georgia;">factors</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">contribute</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">significantly</b><span
 style="font-family: Georgia;"> to increases in shadow
economic activities, including:</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">1. High tax and social
security </span><b style="font-family: Georgia;">burden</b><span
 style="font-family: Georgia;">
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">2. </span><b
 style="font-weight: bold; font-family: Georgia;">Intensity
of regulations</b><span style="font-family: Georgia;">,
such as minimum wages, </span><b style="font-family: Georgia;">dismissal</b><span
 style="font-family: Georgia;"> protections, maximum work
hours, and work-place safety
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">3. High level of </span><b
 style="font-family: Georgia;">corruption</b><span
 style="font-family: Georgia;">, and
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">4. Recession in the </span><b
 style="font-family: Georgia;">official</b><span
 style="font-family: Georgia;"> economy
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>individual</b>
- a person (considered separately from their society or community) บุคคล<br>
<b>significant</b> - important สำคัญ<br>
<b>role</b> - the function or purpose&nbsp;in a
situation, organisation, society or relationship บทบาท<br>
<b>factors</b> - one of the things that effects a situation
or event ปัจจัย<br>
<b>contribute</b> - be part of the cause of <br>
<b>significantly</b> - in an important way อย่างสำคัญ<br>
<b>burden</b> - a serious or difficult responsibility that
you have to deal with ภาระ &nbsp;(See <a
 href="http://www.readbangkokpost.com/businesswords/alphabetical/b/burden.php">glossary</a>)<br>
<b>regulations</b> - rules made by the government to
control how some activity is done กฎระเบียบ<br>
<span style="font-weight: bold;">intensity of regulations
- </span>how much of an activity is controlled by regulations <br>
<b>dismissal</b> - forcing someone to leave their job
การไล่ออกจากตำแหน่ง<br>
<b>corruption</b> - (See <a
 href="http://en.wikipedia.org/wiki/Corruption">Wikipedia</a>
on <a href="http://en.wikipedia.org/wiki/Bribery">bribery</a>,
corporate corruption, and <a
 href="http://en.wikipedia.org/wiki/Political_corruption">political
corruption</a>)<br>
<b>official</b> - approved by the government or some
authority ที่เป็นทางการ<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Many will question the
</span><b style="font-family: Georgia;">accuracy</b><span
 style="font-family: Georgia;"> of these </span><b
 style="font-family: Georgia;">estimates</b><span
 style="font-family: Georgia;">. But in the case of Thailand,
the </span><span
 style="font-weight: bold; font-family: Georgia;">relative
size</span><span style="font-family: Georgia;"> of
the shadow economy is so large that even if it is </span><span
 style="font-weight: bold; font-family: Georgia;">substantially
over-estimated</span><span style="font-family: Georgia;">,
it still </span><span
 style="font-weight: bold; font-family: Georgia;">raises
troubling issues</span><span style="font-family: Georgia;">.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">For example, GDP
numbers may not </span><b style="font-family: Georgia;">reflect</b><span
 style="font-family: Georgia;"> the true picture of the
economic conditions. As it is unknown who generates most of the shadow
economy, the </span><b
 style="font-weight: bold; font-family: Georgia;">distribution</b><span
 style="font-weight: bold; font-family: Georgia;"> of income</span><span
 style="font-family: Georgia;"> resulting from using official
numbers may be meaningless.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>accuracy</b>
- the correctness of information (even in small details)<br>
<b>estimates</b> - guesses of what the size, value, amount,
cost, etc. of something might be การประมาณค่า<br>
<span style="font-weight: bold;">relative size - </span>size
compared to other similar or nearby&nbsp;things <br>
<span style="font-weight: bold;"></span><span
 style="font-weight: bold;">substantially over-estimated - </span>said
it was much more than it is <br>
<span style="font-weight: bold;">troubling - </span>makes
upset and feel uncomfortable <br>
<span style="font-weight: bold;">raise issue - </span>suggest
that people should think about and discuss a problem <br>
<b>reflect</b> - to show สะท้อน แสดงถึง<br>
<b style="font-weight: bold;">distribution</b><span
 style="font-weight: bold;"> of income -</span> the
portion of an economy's income received by different parts of society,
how money is spread over different gourps in society&nbsp; <br>
<span style="font-weight: bold;"></span></div>
<span style="font-weight: bold; font-family: Georgia;"><br>
</span><span style="font-family: Georgia;">So are
the numbers on </span><b style="font-family: Georgia;">poverty</b><span
 style="font-family: Georgia;">. Policies based on such
highly </span><b style="font-family: Georgia;">inaccurate</b><span
 style="font-family: Georgia;"> readings of the economic
conditions are likely to be wrong. There is also a high degree of </span><b
 style="font-family: Georgia;">injustice</b><span
 style="font-family: Georgia;"> regarding the tax </span><span
 style="font-weight: bold; font-family: Georgia;">burden</span><span
 style="font-family: Georgia;">. As so much escapes taxation,
those who play by the rules have to </span><b
 style="font-family: Georgia;">shoulder</b><span
 style="font-family: Georgia;"> an additional </span><span
 style="font-weight: bold; font-family: Georgia;">burden</span><span
 style="font-family: Georgia;">.</span><span
 style="font-weight: bold; font-family: Georgia;"> The sense
of injustice</span><span style="font-family: Georgia;">,
of course, tends to push more of them into hiding economic activities
as well. The reform committees have often mentioned the need to </span><b
 style="font-family: Georgia;">address</b><span
 style="font-family: Georgia;"> the </span><b
 style="font-family: Georgia;">issue</b><span
 style="font-family: Georgia;"> of injustice.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>poverty</b>
- being poor ความจน<br>
<b>inaccurate</b> - not completely correct or exact
ซึ่งคลาดเคลื่อน,ซึ่งไม่ถูกต้อง<br>
<b>injustice</b> - failure to treat someone fairly and to
respect their rights ความไม่ยุติธรรม<br>
<span style="font-weight: bold;">burden - </span>something
difficult and unpleasant that you must do <span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;"></span><b>shoulder</b>
- to deal with or accept something difficult แบกรับภาระ หรือสถานการณ์<br>
<span style="font-weight: bold;">shoulder a burden -</span>
do something difficult and unpleasant <span
 style="font-weight: bold;"></span><br>
<span style="font-weight: bold;">sense of injustice - </span>the
feeling or perception that the situation is unjust<span
 style="font-weight: bold;"><br>
unjust (adjective) -</span> adjective form of "injustice" above <span
 style="font-weight: bold;"><br>
</span><b>issue</b> - a problem that needs to be
considered ประเด็น<br>
<b>issue</b> - a subject that people discuss or argue about
ประเด็น<br>
<b>address</b> - to deal with a problem จัดการปัญหา<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">In the economic
sphere, this research suggests that they need to </span><b
 style="font-family: Georgia;">focus</b><span
 style="font-family: Georgia;">
particularly on the tax burden and corruption. The government already
has recognised the injustice in the tax system and has been working on </span><b
 style="font-family: Georgia;">revamping</b><span
 style="font-family: Georgia;"> taxes on land and
improvements thereon.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">In addition, they
should </span><b style="font-family: Georgia;">recommend</b><span
 style="font-family: Georgia;"> that the government </span><b
 style="font-family: Georgia;">revise</b><span
 style="font-family: Georgia;"> other taxes with a view to </span><b
 style="font-weight: bold; font-family: Georgia;">putting
much greater emphasis</b><span
 style="font-weight: bold; font-family: Georgia;"> on</span><span
 style="font-family: Georgia;"> taxing </span><b
 style="font-family: Georgia;">consumption</b><span
 style="font-family: Georgia;">, especially on goods and
services falling outside of basic needs. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>focus</b>
- think about and work on one thing (rather than waste time on many),
concentrate time and attention on one thing ให้ความสำคัญ<br>
<b>revamping</b> - changing and improving<br>
<b>recommend</b> - to advise someone that they should do
something แนะนำ<br>
<b>revise</b> - improve, create again or recreate with
improvements<br>
<b>emphasis</b> - special importance or attention that is
given to one thing in particular การเน้นย้ำ<br>
<span style="font-weight: bold;">put greater emphasis on Y
- </span>make Y more important, put more attention on Y
&nbsp; <br>
<b>consumption</b> - money spent by households and families
on goods and services&nbsp;การบริโภค (See <a
 href="http://en.wikipedia.org/wiki/Consumption_%28economics%29">Wikipedia</a>)<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">...unless corruption
is </span><span
 style="font-weight: bold; font-family: Georgia;">tackled</span><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">effectively</b><span
 style="font-family: Georgia;">, it will cripple all other
reform </span><b style="font-family: Georgia;">measures</b><span
 style="font-family: Georgia;"> and the reform itself will
fail miserably.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Sawai Boonma has
worked as a </span><b style="font-family: Georgia;">development</b><span
 style="font-family: Georgia;"> economist for more than two </span><b
 style="font-family: Georgia;">decades</b><span
 style="font-family: Georgia;">. He can be reached at
&lt;sboonma@msn.com&gt;</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">tackle -</span> solve a
problem <br>
<b>effectively</b> - working well and producing the results
that they wanted<br>
<b>measures</b> - actions that are intended to achieve or
deal with something มาตราการ<sboonma @msn.com=""></sboonma><br>
<sboonma @msn.com=""><b>development</b> - the
gradual growth&nbsp;of an economy (with people receiving higher and
higher incomes)&nbsp; </sboonma><br>
<sboonma @msn.com=""><b>decades</b> - periods
of ten years เป็นสิบๆปี</sboonma><br>
<sboonma @msn.com=""></sboonma></div>
<sboonma style="font-family: Georgia;" @msn.com="">
<br>
(<span style="font-weight: bold;">Source:</span> </sboonma><span
 style="font-family: Georgia;">&nbsp; OUTSIDE THE BOX,
The </span><span
 style="font-weight: bold; font-family: Georgia;">shadow
economy</span><span style="font-family: Georgia;">
and </span><b style="font-family: Georgia;">reform</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">agenda</b><span
 style="font-family: Georgia;">, 18/08/2010, Sawai Boonma, </span><a
 style="font-family: Georgia;"
 href="http://www.bangkokpost.com/opinion/opinion/191565/the-shadow-economy-and-reform-agenda">link</a><span
 style="font-family: Georgia;">)&nbsp;
</span><br style="font-family: Georgia;">
<sboonma style="font-family: Georgia;" @msn.com=""><br>
<br>
<br>
</sboonma>
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<entry>
    <title>Intense competition in Cambodia&apos;s mobile phone industry (17-08-10)</title>
    <link rel="alternate" type="text/html" href="http://www.readbangkokpost.com/business/mobile_phones/intense_competition_in_cambodi.php" />
    <link rel="service.edit" type="application/atom+xml" href="http://www.readbangkokpost.com/cgi-bin/mt/mt-atom.cgi/weblog/blog_id=8/entry_id=12180" title="Intense competition in Cambodia's mobile phone industry (17-08-10)" />
    <id>tag:www.readbangkokpost.com,2010:/business//8.12180</id>
    
    <published>2010-08-17T10:18:24Z</published>
    <updated>2010-08-18T02:46:00Z</updated>
    
    <summary><![CDATA[ Intense competition in Cambodia's mobile phone industry By Jon Fernquest Almost all mobile phone users in Cambodia use prepaid service. Prepaid makes switching service providers and jumping from company to company much easier for mobile phone users.&nbsp; When customers...]]></summary>
    <author>
        <name>Jon Fernquest</name>
        
    </author>
            <category term="Mobile Phones" />
    
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<h3 style="font-family: Georgia;"><span
 style="font-style: italic;">Intense competition</span>
in Cambodia's mobile phone industry </h3>
<span style="font-family: Georgia;">By Jon Fernquest </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<img
 style="border: 1px solid ; width: 360px; height: 486px; float: right; font-family: Georgia;"
 alt="Cambodian phone cards"
 src="http://www.readbangkokpost.com/business/phonecardscambodia.jpg"
 hspace="5"><span style="font-family: Georgia;">Almost
all mobile phone users in Cambodia use </span><span
 style="font-weight: bold; font-family: Georgia;">prepaid</span><span
 style="font-family: Georgia;"> service.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Prepaid makes
switching </span><span
 style="font-weight: bold; font-family: Georgia;">service
providers</span><span style="font-family: Georgia;">
and jumping from company to company much easier for mobile phone
users.&nbsp; </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">When customers can </span><span
 style="font-weight: bold; font-family: Georgia;">switch
brands</span><span style="font-family: Georgia;"> </span><span
 style="font-weight: bold; font-family: Georgia;">on a whim</span><span
 style="font-family: Georgia;"> this also makes the market
very competitive. </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Today's article looks
at the Cambodian mobile phone market and a Thai </span><span
 style="font-weight: bold; font-family: Georgia;">joint
venture</span><span style="font-family: Georgia;">
with the Cambodian government that is competing in this market. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The article begins
after the vocabulary&nbsp;below. </span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">The photo on the right
shows a colourful display of prepaid phone cards on the streets of
Phnom Penh. </span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">intense - </span>done with
a lot of energy and effort <br style="font-weight: bold;">
<span style="font-weight: bold;">intense competition - </span>when
a group of companies are all trying very hard (with great energy and
effort) to be more successful than each other (all trying to get
limited customer money spent on their products)<span
 style="font-weight: bold;"><br>
</span><span style="font-weight: bold;">prepaid - </span>buying
a card with a certain amount of mobile phone speaking time <span
 style="font-style: italic;">before</span> you actually
use it <br style="font-weight: bold;">
<span style="font-weight: bold;">postpaid -&nbsp; </span>when
the company sends a bill at the end of the month <span
 style="font-style: italic;">after</span> the mobile
phone service is used <br>
<span style="font-weight: bold;">service provider - </span>a
company that provides a service to customers (such as mobile phone or
internet service)<span style="font-weight: bold;"><br>
brand switching -</span> when customer stops buying one brand and
buys another instead or the behaviour of often buying different
products, not having brand loyalty (See Wikipedia on <a
 href="http://en.wikipedia.org/wiki/Brand">brand</a>
and <a href="http://en.wikipedia.org/wiki/Brand_loyalty">brand
loyalty</a>)<span style="font-weight: bold;"><br>
whim - </span>sudden feeling that you must do something, doing
something without much thought&nbsp; <span
 class="Apple-style-span"
 style="border-collapse: separate; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span
 class="Apple-style-span"
 style="font-size: 12px; line-height: 18px;"><span
 class="USAGUC"
 style="border-width: 0px; margin: 0px; padding: 0px; font-size: 1em;"><a
 href="/search/british/?q=important" class="QUERY"
 title="important"
 style="border-width: 0px; margin: 0px; padding: 0px; font-size: 1em; text-decoration: none; color: black;"></a></span></span></span><br>
<span style="font-weight: bold;">on a whim - </span>do
suddenly without much thought<span style="font-weight: bold;">
<br>
joint venture - </span>a business owned and operated by two or
more companies <span style="font-weight: bold;"><br>
</span></div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Economics
</span><br style="font-family: Georgia;">
<h4 style="font-family: Georgia;">Thaicom's Mfone <span
 style="font-style: italic;">bounces back</span>
</h4>
<span style="font-style: italic; font-family: Georgia;">Thai
satellite operator's </span><b
 style="font-style: italic; font-family: Georgia;">subsidiary</b><span
 style="font-style: italic; font-family: Georgia;"> is </span><span
 style="font-weight: bold; font-style: italic; font-family: Georgia;">gaining
ground</span><span
 style="font-style: italic; font-family: Georgia;"> in the
highly </span><b
 style="font-style: italic; font-family: Georgia;">competitive</b><span
 style="font-style: italic; font-family: Georgia;"> and
crowded Cambodian market
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">16/08/2010
</span><br style="font-family: Georgia;">
<span style="font-family: Georgia;">Steve Finch
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">PHNOM PENH : After a
difficult </span><b
 style="font-weight: bold; font-family: Georgia;">first
quarter</b><span style="font-family: Georgia;">
following losses of more than US$1 million, the CEO of the Thai-owned </span><span
 style="font-weight: bold; font-family: Georgia;">mobile
operator</span><span style="font-family: Georgia;"> </span><span
 style="font-weight: bold; font-family: Georgia;">Mfone</span><span
 style="font-family: Georgia;"> says it is now ''</span><span
 style="font-weight: bold; font-family: Georgia;">on track</span><span
 style="font-family: Georgia;">'' as it returned to the No. 3
position in what has become among the most competitive mobile markets
in the world.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">A </span><b
 style="font-family: Georgia;">trend</b><span
 style="font-family: Georgia;"> in Phnom Penh is to own as a
many as six </span><span
 style="font-weight: bold; font-family: Georgia;">SIM cards</span><span
 style="font-family: Georgia;">, yet only about 1% of the
Cambodian market is </span><span
 style="font-weight: bold; font-family: Georgia;">postpaid</span><span
 style="font-family: Georgia;">.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">bounces back -</span>
improve again after getting worse for a time <br>
<b>subsidiary</b> - (of a business company) owned or
controlled by another company บริษัทในเครือ<br>
<b>subsidiary</b> - a company that is owned by a larger
company บริษัทลูก<br>
<span style="font-weight: bold;">gaining ground - </span>making
advances (in a better position then it was before)<br>
<b>competitive</b> - involving competition มีการแข่งขัน<br>
<span style="font-weight: bold;">first quarter - </span>the
first three months of the year (used for budgeting and reporting on
financial performance within companies)<br>
<span style="font-weight: bold;">on track - </span>project
on schedule, going according to plan, achieving the goals it said it
would achieve <span style="font-weight: bold;"></span><br>
<b>mobile operators</b> - companies that offer mobile phone
service (for example: AIS, DTAC, Orange)<br>
<span style="font-weight: bold;">Mfone -</span> a
mobile phone joint venture between a Thai company and the Cambodian
government (Read <a href="http://www.mfone.com.kh/backmore.aspx">background
on company</a>)<br>
<b>trend</b> - a new development in clothing, make-up,
mobile phones, etc แนวโน้ม<br>
<span style="font-weight: bold;">SIM card - </span>the
tiny card in the back of a mobile phone that provides the phone with a
telephone number (others can call) <br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Thaicom-owned Mfone </span><span
 style="font-weight: bold; font-family: Georgia;">leapfrogged</span><span
 style="font-family: Georgia;"> Malaysia's Hello in the
second quarter, according to Cambodian government </span><b
 style="font-family: Georgia;">figures</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">released</b><span
 style="font-family: Georgia;"> last week, </span><span
 style="font-weight: bold; font-family: Georgia;">picking up</span>
100,000 additional users to 800,000 overall in a market with nine <b
 style="font-family: Georgia;">operators</b><span
 style="font-family: Georgia;"> competing for just 5.5
million customers.&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Mfone CEO Adisai
Soonthornratanarak predicts that the </span><b
 style="font-family: Georgia;">sector</b><span
 style="font-family: Georgia;"> will have to </span><b
 style="font-family: Georgia;">consolidate</b><span
 style="font-family: Georgia;"> to around four operators in
the longer term, which has forced his company to </span><b
 style="font-family: Georgia;">overhaul</b><span
 style="font-family: Georgia;"> its marketing </span><b
 style="font-family: Georgia;">strategy</b><span
 style="font-family: Georgia;"> over the past few months in a
</span><b style="font-family: Georgia;">bid</b><span
 style="font-family: Georgia;"> to </span><b
 style="font-family: Georgia;">secure</b><span
 style="font-family: Georgia;"> as many users as possible.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">leapfrogged -</span> jumped
over, advanced ahead of <br>
<b>figures</b> - statistics, numbers describing the economy<br>
<b>released</b> - made available to the public <br>
<span style="font-weight: bold;">picking up - </span>gaining
<br>
<b>sector</b> - a part of the economy (public sector =
government, private sector = all businesses, household sector =
families and consumers, banking sector,...) ภาคเศรษฐกิจของประเทศ (See <a
 href="http://en.wikipedia.org/wiki/Sector_%28economy%29">Wikipedia</a>)<br>
<b>consolidate</b> - to join together, reduce in size and
make stronger รวมเป็นหนึ่ง<br>
<b>overhaul</b> - to improve something so that every part
of it works properly ปรับปรุงใหม่<br>
<b>overhaul</b> - repair completely and rebuild<br>
<b>strategy</b> - a plan to achieve a goal over a longer
period of time (longer than a "tactic")<br>
<b>bid</b> - an attempt to do something ความพยายาม<br>
<b>secure</b> - to get or achieve something การได้มาซึ่ง<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">In what has become a
highly </span><b style="font-family: Georgia;">specialised</b><span
 style="font-family: Georgia;"> market, Mfone since mid-June
has </span><b style="font-family: Georgia;">launched</b><span
 style="font-family: Georgia;"> packages </span><b
 style="font-family: Georgia;">targeting</b><span
 style="font-family: Georgia;"> Chinese, South Korean and
Filipino citizens in Cambodia offering cheap calls back home, as well
as a new Muslim SIM with </span><b
 style="font-family: Georgia;">tariffs</b><span
 style="font-family: Georgia;"> starting at US$0.08 (2.60
baht) to Malaysia, Indonesia and Brunei.</span><br
 style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">''It's not a </span><b
 style="font-family: Georgia;">joyful</b><span
 style="font-family: Georgia;"> </span><b
 style="font-family: Georgia;">process</b><span
 style="font-family: Georgia;">, it takes time, but we
believe we are on track,'' he said. ''You aren't going anywhere with a
price war. Look at the market right now _ you think anyone is making
money?''
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>specialised</b>
- in a narrow and very special area of knowledge<br>
<b>launched</b> - started เริ่มต้นดำเนินการ<br>
<b>targeting</b> - directing advertising, criticism or a
product at someone เล็งไปที่<br>
<b>tariff</b> - fee for use of service <br>
<b>joyful</b> - with great happiness ที่เปี่ยมไปด้วยความสุข<br>
<b>process</b> - a series of actions that you take in order
to achieve a result แนวทางปฏิบัติ, กระบวน, วิธีการ<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Compared to Thailand
where operators have </span><b
 style="font-weight: bold; font-family: Georgia;">come under
pressure</b><span style="font-family: Georgia;"> to
lower calling costs, in Cambodia the government at the end of last year
set a minimum tariff after a </span><b
 style="font-weight: bold; font-family: Georgia;">major rift</b><span
 style="font-family: Georgia;"> between market leader Mobitel
and newest entrant Beeline, owned by Nasdaq-listed Vimpelcom Ltd.
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">Mobitel was the
subject of the largest </span><b style="font-family: Georgia;">refinancing</b><span
 style="font-family: Georgia;"> deal in Cambodian history
after the </span><b style="font-family: Georgia;">local</b><span
 style="font-family: Georgia;"> company the Royal Group
bought out </span><b
 style="font-weight: bold; font-family: Georgia;">majority</b><span
 style="font-weight: bold; font-family: Georgia;"> stakeholder</span>
Millicom International for $321 million in November. The operator has
since been <b style="font-family: Georgia;">linked</b><span
 style="font-family: Georgia;"> to a string of major telecoms
companies including Axiata, owner of Hello, and DoCoMo of Japan in what
is </span><b style="font-family: Georgia;">expected</b><span
 style="font-family: Georgia;"> to be a part </span><b
 style="font-family: Georgia;">selloff</b><span
 style="font-family: Georgia;"> as Mobitel looks to pay back a</span><b
 style="font-weight: bold; font-family: Georgia;"> bridging
loan</b><span style="font-family: Georgia;">
of $421m. Talks with France Telecom have continued since the end of
last year with an agreement expected before 2011, although Royal Group
chief financial </span><b style="font-family: Georgia;">officer</b><span
 style="font-family: Georgia;"> Mark Hanna </span><b
 style="font-weight: bold; font-family: Georgia;">refused to
comment</b><span style="font-family: Georgia;"> as
Mobitel is ''in the middle of the deal.''
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><b>pressure</b>
- trying to force someone to do something<br>
<b style="font-weight: bold;">come under pressure - </b>someone
began to force another person to do something&nbsp; <br>
<b>rift</b> - a serious disagreement between two people or
groups ความแตกร้าว<br>
<b style="font-weight: bold;">major rift -</b> big
disagreement <br>
<b>refinancing</b> - getting new funds to operate the
business<br>
<b>local</b> - in the area or country you live
in&nbsp;ท้องถิ่น<br>
<b>majority</b> - more than 50%<br>
<span style="font-weight: bold;">stakeholder - </span>owning
part of a company <br>
<b style="font-weight: bold;">majority</b><span
 style="font-weight: bold;"> stakeholder - </span>owning
more than 50% of a company <span style="font-weight: bold;"></span><br>
<b>linked</b> - connected to เชื่อมโยง<br>
<b>expected</b> - believe will happen คาดว่า (จะเกิดขึ้น)<br>
<b>selloff</b> - the selling of something<br>
<b>loan</b> - an amount of money that a person, business,
or country borrows, especially from a bank เงินกู้<br>
<b style="font-weight: bold;"> bridging loan - </b>&nbsp;bridge
loan <b style="font-weight: bold;"><br>
bridge loan - </b>a short-term loan while waiting for
longer-term financing (used for example when real estate sale will pay
for real estate purchase but purchase comes before sale)&nbsp;(See <a
 href="http://en.wikipedia.org/wiki/Bridge_loan">Wikipedia</a>)<b
 style="font-weight: bold;"><br>
</b><b>officer</b> - a high level person in an
organisation with special responsibilities (a government officer, a
police officer, an army officer)<br>
<b>comment</b> - remark, telling what you think or what
your opinion is about an issue หมายเหตุ<br>
<b style="font-weight: bold;">refused to comment </b>-
was silent when asked for their opinion <br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">What happens with
Mobitel will</span><span
 style="font-weight: bold; font-family: Georgia;"> have a
major bearing on</span><span style="font-family: Georgia;">
the future of Cambodia's mobile market, say analysts, with Mfone aiming
to secure the No. 3 </span><b style="font-family: Georgia;">spot</b>
behind the Vietnamese operator Viettel.
<br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">''It's a </span><b
 style="font-family: Georgia;">tough</b><span
 style="font-family: Georgia;"> market compared with that of
Thailand,'' he said, calling on the Cambodian government to </span><b
 style="font-family: Georgia;">address</b><span
 style="font-family: Georgia;"> over-competition, which he
says is </span><b style="font-family: Georgia;">prompting</b><span
 style="font-family: Georgia;"> reduced </span><b
 style="font-family: Georgia;">investment</b><span
 style="font-family: Georgia;"> in </span><b
 style="font-family: Georgia;">infrastructure</b><span
 style="font-family: Georgia;"> and could lead to lower
quality </span><b style="font-family: Georgia;">network</b><span
 style="font-family: Georgia;"> services. ''Competition is
good, but it needs to have some balance.''
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
<div style="margin-left: 40px; font-family: Georgia;"><span
 style="font-weight: bold;">X has a major bearing on Y - </span>what
happens in X will affect what happens in Y <br>
<b>spot</b> - position <br>
<b>tough</b> - difficult ยากลำบาก<br>
<b>address</b> - to deal with a problem จัดการปัญหา<br>
<b>prompting</b> - causing<br>
<b>investment</b> - taking your money and putting it into
projects to make a profit or earn interest (buying stock shares, bonds,
real estate)<br>
<b>infrastructure</b> - the basic equipment and services
that an economy or company relies on (tracks and trains for a railway)<br>
<b>network</b> - a large system of connected parts,
organisations, people, etc. เครือข่าย<br>
</div>
<br style="font-family: Georgia;">
<span style="font-family: Georgia;">(</span><span
 style="font-weight: bold; font-family: Georgia;">Source:</span><span
 style="font-family: Georgia;"> Thaicom's Mfone </span><span
 style="font-style: italic; font-family: Georgia;">bounces
back</span><span style="font-family: Georgia;">,
Thai satellite operator's </span><b
 style="font-family: Georgia;">subsidiary</b><span
 style="font-family: Georgia;"> is </span><span
 style="font-weight: bold; font-family: Georgia;">gaining
ground</span><span style="font-family: Georgia;"> in
the highly </span><b style="font-family: Georgia;">competitive</b><span
 style="font-family: Georgia;"> and crowded Cambodian market,
16/08/2010,&nbsp;Steve Finch, </span><a
 style="font-family: Georgia;"
 href="http://www.bangkokpost.com/business/economics/191263/thaicom-mfone-bounces-back">link</a><span
 style="font-family: Georgia;">)&nbsp;
</span><br style="font-family: Georgia;">
<br style="font-family: Georgia;">
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