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Multinational manufacturer in Thailand charged with copyright infringement

Thai bourse holds its 2nd online stock investment game

Multinational manufacturer in Thailand charged with copyright infringement

A successful multinational machine-tools manufacturer operating in Thailand was recently charged with copyright infringement on software worth an estimated 12 million baht.
The company, which supplies international manufacturers of automobiles, home electronics, office equipment and other precision products, allegedly used unlicensed CAD software to design tools and moulds and also used unlicensed word processing, accounting and dictionary software.
Thai Police officials raided the company based on a tip. This represents one of the largest software copyright infringement cases ever brought against a corporate end-user in Thailand.
The company was raided after a one-month investigation and the issuing of a court order, said Pol. Maj. Gen Visut Vanichbut, Commander of the Economic and Technical Crimes Suppression Division (ECOTEC).
At least 38 of the company’s PCs are suspected of containing unlicensed software.
“We believe this company has broken Thailand’s intellectual property laws. Such acts undermine the economy of Thailand and the country’s IT sector,” said ECOTEC Pol. Col. Sarayut Pultunya. “Our enforcement team is dedicated to protecting the intellectual property rights of innovators in Thailand. Business people who knowingly or unknowingly use unlicensed software face fines and business disruptions.”
Businesses that want to certify that their software is fully licensed should firstly perform a software audit to identify software that has been installed in their computers. They should then check their list of software against the software licenses that they had previously purchased. Businesses are recommended to implement a Software Asset management (SAM) practice in their organization so that the use of software can be closely monitored. The Business Software Alliance (www.bsa.org) offers resources for companies that want to implement SAM.
“This is a significant case and we congratulate Pol. Maj. Gen Visut Vanichbut and Pol. Col. Sarayut Pultunya of ECOTEC for a job well done,” said Tarun Sawney, director of anti-piracy in the Asia region for the Business Software Alliance (BSA). “We encourage companies to ensure they use legal software in order to avoid enforcement actions.” (Vero PR)


Thai bourse holds its 2nd online stock investment game

The Stock Exchange of Thailand (SET) and Settrade.Com are running an online investment simulation game SET Click2Win 2008 to expand the investor base. Both novice and experienced investors are invited to compete for more than THB 2 million in prizes, by applying during April 30 to September 30, 2008 at www.settrade.com/click2win.

Would be traders can chance their arm on the Stock Exchange of Thailand (SET) investment simulation game at www.settrade.com/click2win

More than 17,000 applicants from all over Thailand participated in last year’s event. This year, the project will offer bigger prizes and more awards, SET Executive Vice President Vichate Tantiwanich said.
“SET Click2Win 2008 will familiarize investors with internet trading and give members of the public the opportunity to execute bids and offers in real-time and with real information. Therefore, it is important that they become familiar with the stock analyses, covering about 240 listed stocks, distributed through www.settrade.com. We expect 20,000 applicants this year,” Vichate said.
There are two types of contestants: 1) professional investors, who have trading accounts with marketing representatives or currently trade stocks through the internet, and 2) interested individuals, who have no experience in stock trading but wish to take part in the game to learn and practice.
The prizes for winners in SET Click2Win 2008 include more than THB 2 million in investments in ThaiDEX SET50 ETF, an equity Exchange Traded Fund.
The winner in the professional investor category will receive a prize worth THB 300,000, while the first-time category winner will receive a prize worth THB 100,000. There will be 100 special prizes, each worth THB 5,000, for the first 500 contestants with the highest monthly scores and the top scorer overall. There will be special prizes for each month’s winner and the five contestants who have brought the most friends into the program. (SET)