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กรณีศึกษา คูเวต ประเทศที่ รวยน้ำมัน แต่เงินกำลังจะหมด /โดย ลงทุนแมน
คูเวต ประเทศหนึ่งในภูมิภาคตะวันออกกลาง
ที่ร่ำรวยจากการครอบครองทรัพยากรน้ำมันมาเป็นเวลานาน

แต่รู้ไหมว่า ในวันนี้ คูเวตกำลังเจอปัญหาใหญ่...
Continue ReadingKuwait case study. Oil rich country but money is running out / by investman
Kuwait, one country in the Middle East region.
Rich from occupying oil resources for a long time.

But you know, Kuwait is in big trouble today.
Well, the country's reserve funds are running out.

What happened to Kuwait? Invest man will tell you about it.
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Blockdit is a platform of source of thinkers.
Help to update the situation in video article format.
Including podcasts to listen to on the go.
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Kuwait is an Asian country in the Middle East region.
Which is an abundance of oil resources.

In 2019, Kuwait had a GDP value of 4.3 trillion baht and a population of 4.4 million people.
Make GDP per capita of Kuwait population equal to 977,000 baht.
4 times more than GDP per head of Thai people.

Kuwait has an area of 17,818 square kilometers, which is about 30 times smaller than Thailand.

Despite being the world's 152th small country.
But Kuwait is the world's 6th most crude resource country.
And one of the country members who expired oil (OPEC)

Kuwait has a crude oil reserves up to 101,500 million barrels. This amount is estimated to be 6 % of the world's crude oil reserves.

If crude oil prices are around $ 40 per barrel, Kuwait's crude oil reserves will be worth 128 million baht.

When things are like this, it means
Oil resources are highly important to Kuwait economy.

Year 2019 Kuwait's crude export revenue is worth 1.5 trillion baht.
In which such value is considered.
90 % of Kuwait's total export income
90 % of Kuwait government income
And 35 % of GDP, Kuwait

In 2016
Anas Al-Saleh, Kuwait's finance minister in those days, warns the government to lower the country's expenditure budget to be prepared for a moment when petrol prices will fall in the future.

But his warning is right. Many people laugh at me.
Because most people believe that the country will continue to earn massive oil exports income.

After that, come on
During the 2016-2018 s, crude oil prices continue to adapt.
It's something that makes many people confident that Anas Al-Saleh warnings won't happen.

But then the emergence of the trade war between US and China in 2019 begins to pressure the global oil demand to slow down.

And the incident started worse than that
When the world later, the COVID-19 outbreak begins.
Plague plague making global travel and production drops.
The global oil demand is reduced from the same.

Besides, there's a fuel war between Saudi Arabia and Russia that both of them won't reduce their production capacity. The oil prices are increasingly adapting.

2018 Dubai crude oil prices average $ 70 per barrel
2019 Dubai crude oil prices average $ 64 per barrel
While the first 6 months of 2020, the average Dubai crude price is only $ 41 per barrel.

What happens is income from crude oil exports
90 % of Kuwaiti government income is greatly reduced.

Make the government not enough money to pay for public sector employers.
At present, more than 80 % of Kuwait people, or around 3.5 million people work as government employees.

Make government spend money in country's reserve funds during the 3 months after COVID-19 outbreak. The fund has gone down to over 411,000 million baht.

Which if crude oil prices don't rise from the same.
It will only make Kuwait government pay for public sector employees until November this year.

Enough is like this next year, Kuwait government needs to make a budget deficit.
Which will cause budget deficit to the level of 1.4 trillion baht
Thinking about a deficit, increasing almost 3 times more than the 2019-2020 fiscal year.
And the budget deficit is the 7th year in a row since 2014

What's worrisome is if the government needs to borrow money.
Among lower oil prices, Kuwait may earn enough oil export income to pay back the loan.

Make it now Kuwait has to have a concept of country reform.
Under Vision 2035 slogan: New Kuwait
The point is that it's important to try to reduce oil industry revenue reliance on revenue.
Which is to follow how much Kuwait's long-term plan this time will accomplish.

From this story preview of Kuwait country
It's something to remind us whether it's a country, corporation or individual.
Being too dependent on income in any way is a high risk.

Like this case, Kuwait relies on income from crude oil exports up to 90 % of export income.

If one day the main income drops or disappears.
From a long time ago, I might lose money easily too..
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Follow up to invest manly at
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References
-https://www.pionline.com/economy/oil-rich-kuwait-running-out-cash
-https://oilprice.com/Energy/Energy-General/Kuwait-Is-Running-Out-Of-Money-To-Pay-Public-Salaries.html
-https://www.middleeastmonitor.com/20200820-kuwait-will-not-be-able-to-pay-salaries-after-november/
-https://en.wikipedia.org/wiki/List_of_countries_and_dependencies_by_area
-https://en.wikipedia.org/wiki/Kuwait
-https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves
-https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
-http://www.worldstopexports.com/kuwaits-top-10-exports/
-https://fanack.com/kuwait/economy/
-https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RBRTE&f=M
- Form 56-1 Year 2562, Thai Oil Public Company Limited
-https://www.set.or.th/dat/news/202008/20088082.pdfTranslated

她曾被稱為世界上最年輕的白手起家女億萬富翁，也被譽為下一個賈伯斯，Elizabeth Holmes 十九歲創立醫療科技新創 Theranos，市值一度高達 90 億美元。但《華爾街日報》2015 年的一篇報導改變了一切，Holmes 被指控詐欺，Theranos 也於 2018 年歇業。備受矚目的詐欺案即將開庭。

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———

本集 timestamps
0:00 Intro
0:56 第一遍英文朗讀
3:28 新聞 & 相關單字解說
16:58 額外單字片語
23:09 第二遍英文朗讀

———

臉書社團 (朗讀文字)：https://www.facebook.com/groups/ssyingwen/posts/294398892446357/

朗讀內容參考了
CNBC: https://www.cnbc.com/2021/08/30/elizabeth-holmes-one-time-billionaire-and-ceo-finally-goes-on-trial.html
CNN: https://edition.cnn.com/2021/08/30/tech/elizabeth-holmes-theranos-trial/index.html
BBC: https://www.bbc.com/news/business-58336998
NPR: https://www.npr.org/2021/08/30/1031314018/elizabeth-holmes-theranos-fraud-trial

———

本集提到的單字片語：
Silicon Valley 矽谷
Page-turner
Binge-read
Elizabeth Holmes
Theranos
Company valuation 公司估值
Turtlenecks 高領上衣
Lofty 崇高的
Mission 使命
Blood tests 血液檢查
Blood sample 血樣
Tube 樣本管
Cancer 癌症
Diabetes  糖尿病
HIV 愛滋病毒
Nanotainer
Slogan 標語
John Carreyrou
Billionaire 億萬富翁
Media darling 媒體寵兒
Heyday 最風光的時候
Prime 鼎盛期
Peak 頂峰
Pinnacle 巔峰
Trial 審判
San Jose 市
Jury 陪審團
Fraud 詐欺
Prosecutors 檢察官
Scam
Con
Swindle
defraud
Rip off
Investors 投資人
Whistleblower 吹哨者
Testify 作證
Strategy 戰略
Jurors 陪審員
Patients 患者
Miscarried 流產
Fake it until you make it 假裝它直到你成功
Wake-up call 警示
Ramesh "Sunny" Balwani
Chief Operating Officer (COO) 營運長
Mental state 精神狀態
Outrageous 離譜
Corporate governance 公司治理
White collar crime 白領犯罪
Intent 意圖
Seams 線縫
Come / Fall apart at the seams
Fret not
Pain is inevitable. Suffering is optional




♥️ 喜歡時事英文 podcast 嗎？♥️
你可以支持我繼續錄製 podcast 👉 https://bit.ly/zeczec_ssyingwen

————


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In 2019 the National Palace Museum premiered the branding film “The Future, Unexpected Encounters,” using a creative narrative and novel perspectives to feature visitors’ emotional encounters with the Museum. The film received widespread acclaim in Taiwan, and won the Platinum award at the 53rd WorldFest Houston International Film and Video Festival. In 2020, the Museum launched the annual slogan “Rendezvous with Past & Future,” continuing the trajectory of “The Future, Unexpected Encounters” with a 2020 update. The film offers a digital salute to international audiences during these extraordinary times. We hope to welcome you to the National Palace Museum in person, soon.
---------
The Future, Unexpected Encounters, version 2020
Production: SeedMedia Production Co., Ltd
Mix: ELI Recording Studio, GJ Studio
Sound Recordist: GJ Studio
Voice Over Talent: Nancy Sun

The Future, Unexpected Encounters, version 2019
Agency：Era Ogilvy Public Relations
Production：X10 Production
Executive Producer：Mickey Pan
Director：Shaun Su
Director of Photography：Saint Lin
Assistant Camera：Wu, Bo-Yan
Camera Team：Lin, Zih-Jie、Lyu, Shao-Peng
Gaffer：Zeng, Jhong-Cheng
Gaffer Team：Huang, Yun-Yan、Huang, En、Liou, Ben-Yuan
Producer：Nick Yang
Line Producer：Ye, Meng-Syuan
Producer Team：Lin, Siao-Sheng、Shao-Hong、Sandy
Art Director：Chen, Wan-Zi
Assistant Art Director：Chen, Wan-Zi、Lai, Meng-Jyun
Casting：Katia Yu
Actor：Jhan, Zih-Syuan、Chang Jing, You-Jhih、Syu, Jia-Huei、Dai, Li-Cyun、Meng, Shih-Jing、Sie, Yi-Cheng、Zoey Ying、Wang, Jing-Jiang、Duan, You-Cih
Styling：Jhang, Ya-Ting、Ning, Wan-Yin
Make Up & Hair：Evie、Rebecca
Editor：Tu, Su-Ling
Camera Equipment：TaipeiDiCinema L.T.D
Post Production： TimeLine Studio
Stop motion：51 WEMEN
Sound Recordist：Kiwi Audio
Voice Over Talent：Ye, Shao-Ling、Cing Shuei, Yu-Mei-Zih、Stephanie

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