MCOT

BANGKOK, Oct 16 -- The Ministry of Finance has announced that the economic slowdown resulted in the state revenue falling short of the target by 8.8 per cent in the 2014 fiscal year which ended September 30. 

Friday, 17 October 2014 14:38

PM vows not to prolong premiership post

MILAN, Oct 16 Prime Minister Prayut Chan-o-cha reasserted to the international community the necessity of his seizure administrative power to break Thailand's national deadlock and prevent the country from deteriorating.

Jakarta, Oct 16 - Indonesia needs an investment of at least Rp278 trillion to build infrastructure for supporting faster Internet connectivity in the country, Deputy Minister of the Development Planning Agency (Bappenas) Lukita Dinarsyah Tuwo stated here on Wednesday.

"The amount of money will be used to finance six priority programs within the period of 2014-2019," noted Lukita.

He was optimistic that private parties will be willing to financially support the governments projects as the state itself has a limited budget for developing its information and technology sector.

Lukita emphasized the important role played by private parties in financing the projects that will boost Internet connectivity in Indonesia.

The deputy minister pointed out that faster internet connectivity will improve the peoples quality of living and eventually have a positive impact on the nations economy.

"According to a study, every 10 percent growth in internet users will increase the economic growth by 1.23 to 1.38 percent. If we can have faster internet connectivity, it can be used as one of the tools to increase productivity," added Lukita.

SEOUL, Oct 16 LG Uplus Corp., the smallest mobile carrier in South Korea, said Thursday it has developed a new technology that combines WiFi (wireless fidelity) frequency with the long-term evolution (LTE) network to boost the speed of data transmission.

The "LTE in unlicensed spectrum" technology, or LTE-U, lets smart devices using the existing frequency band of the WiFi network to combine it with that of the LTE network for transmission speeds of up to four times that of existing LTE, the mobile carrier said.

LG Uplus said it recorded a download speed of 300 megabits per second (Mbps) by adding the WiFi network's 20MHz bandwidth in 5.8 GHz band to the LTE network's 20MHz bandwidth on 2.6GHz band.

The company said this marks the first successful test in the industry of carrier aggregation (CA) technology that uses the WiFi network for faster LTE speeds. The CA technology refers to bundling more than two frequency bands to increase bandwidth.

The mobile carrier said the new technology will provide data transmission speeds equivalent to that of the fifth-generation network and make the LTE-U a focus of the network industry.

"We expect that users will be able to see a smart device supporting such technology by the second half of 2015," said Park Chul-hwan, a LG Uplus spokesman.

BEIJING, Oct 16 - More than half of the flowers on display for the National Day festivities in downtown Beijing will be replaced with fresh blooms as the city braces for the APEC meeting next month.

Earlier the Beijing Municipal Bureau of Landscape and Forestry put on display 11 large-scale parterres on the Tian'anmen Square and along the Chang'an Avenue to create a festive atmosphere for the one-week National Day holiday.

Tian'anmen Square is located in the heart of Beijing while Chang'an Avenue passes through the political districts of Beijing, with the main offices of the Chinese government quartered along the street.

The bureau on Wednesday said it will replace 450,000 of the 750,000 pots of the national day flowers and transform them to feature the APEC themes.

To greet the annual APEC Economic Leaders' Meeting, the city has repaired major roads, renovated old buildings and whitewashed exteriors of buildings along major streets.

The city will also adopt a special air pollution control plan for the APEC meeting, which features temporary closure of factories in the event of a pollution warning, in an effort to avoid heavy smog.

BANGKOK, Oct 15 --Singaporean and Japanese ambassadors to Thailand met two key government figures separately to discuss relations and economic issues.

BANGKOK, Oct 16 -- Deputy Defence Minister/Army chief Udomdej Sitabutr on Wednesday expressed sympathy with a Lop Buri farmer who set herself on fire and hoped she would be saved. 

BANGKOK, Oct 14 -- Thailand's Consumer Confidence Index increased in September for the fourth consecutive month and peaked for 9 years and 7 months or 115 months, according to a survey by the Commerce Ministry.

KUALA LUMPUR, Oct 15 Malaysia exported halal products worth RM9.2 billion in the first quarter of this year, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Hasan Malek.

He said this showed that local companies involved in the manufacturing of halal products had the capability and capacity to cater to the needs of the global market.

"Malaysia is already the world's leading exporter of halal ingredients required in various industries such as food and beverages (F&B), cosmetics, medical and wellness," he said when addressing the National Conference on Marketing Halal and Funding Solutions 2014 here Tuesday.

Hasan pointed out that the halal F&B continued to be the leading sector, with exports valued at RM3.5 billion or 39.9 per cent of total halal exports.

This, he said, was followed by halal ingredients worth RM3 billion, palm oil derivatives (RM1.4 billion), cosmetics and personal care (RM573 million), industrial chemicals (RM524 million) and pharmaceuticals (RM113 million).

Hasan said the top five halal export markets were China, the United States, Singapore, Indonesia and Japan.

He noted that Malaysia's halal exports of between RM30 billion and RM32 billion a year could be significantly enhanced by strengthening the country's position as a halal trading centre.

The two-day conference beginning today is jointly organised by Angkatan Koperasi Kebangsaan Malaysia Bhd (Angkasa), Koperasi Rakyat Indah Kuala Lumpur and AYS Group.

Wednesday, 15 October 2014 17:17

Facebook head visits Samsung's Suwon office

SEOUL, Oct 15 Facebook CEO Mark Zuckerberg visited Samsung Electronics Co.'s key factory complex in Suwon, south of Seoul, industry sources said Wednesday, a day after meeting with company officials.

Although Samsung has not formally provided confirmation, Zuckerberg is believed to have met with Samsung's heir-apparent Lee Jay-yong during his visit to Samsung Group's Seoul headquarters Tuesday evening.

The head of the world's largest social network firm is said to be accompanied by around 40 executives, an indication that the two would engage in broad discussions on business cooperation.

Industry watchers say Samsung and Facebook may exchange ideas on cooperating in the virtual reality business, with the South Korean company, the world's No. 1 maker of smartphones, recently rolling out Samsung Gear VR.

Providing views that rotate 360 degrees in all directions, the device provides a life-like experience to users. It is currently linked to the Galaxy Note 4 through a micro-USB.

Facebook acquired Oculus VR earlier this year, reflecting the firm's efforts to tap the virtual reality business.

"Virtual reality was once the dream of science fiction. But the internet was also once a dream, and so were computers and smartphones. The future is coming, and we have a chance to build it together," Zuckerberg said in March upon the acquisition of Oculus VR.

In June last year, Zuckerberg also visited Seoul, meeting with Lee as well as President Park Geun-hye.

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