10-year-old Russian tourist injured in Phuket parasailing accident

10-year-old Russian tourist injured in Phuket parasailing accident

PHUKET: A 10-year-old Russian tourist was injured after he fell from a height of 2.5 meters while parasailing at Karon Beach this afternoon. Rescue workers and police received reports of the incident from lifeguards at Karon Beach at about noon. The victim, Timur Gadylshin, received first aid on the spot and was then taken to Patong Hospital where he was treated for minor injuries. “The parasail operator, Noppadon Nakeepet, explained that while the captain was driving the boat, the propeller got stuck in a plastic bag which caused the boat to stop moving,” said Capt Weerayuth Thansirisukhaworakul of Karon Police. The b

Yesterday, 05:40PM

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Phuket durian to be upgraded as GI product

Phuket durian to be upgraded as GI product

PHUKET: A campaign to promote durian has been launched in Kamala, roughly nine months after pineapples with a price tag of 1,500 baht hit the markets in Phuket last year (story here). “Following an announcement by the Ministry of Commerce, committee members came to Phuket to 'inspect' local durians in Kamala,” said Kamala subdistrict chief Kamnan Yuttasak Yayee. “Each tree produces fruits with their own unique taste, which are delicious and fragrant,” he observed. Officials now plan to enhance the quality benchmark of durian to the same standard as Phuket pineapples and pearls. They also intend to classify P

Yesterday, 04:45PM

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Phang Nga to create underwater tourist attraction

Phang Nga to create underwater tourist attraction

PHUKET: More than 20 decommissioned army trucks were lowered into the water with the aim of enhancing marine life in Phang Nga yesterday. The project was launched in honor of Her Majesty Queen Sirikit. “We have placed artificial coral, army vehicles (for coral to grow on) and a statue of a sea turtle in order to revive tourism and marine life in areas that were destroyed in the 2004 Tsunami,” said Rak Khaolak Foundation Chief Sompong Daopiset. “Our plan is to add more statues in the coming years. These will tell the story of the culture of Phang Nga,” he added. Fourth Army commander Lt Gen Piyawat Nakwanich presided

Yesterday, 04:42PM

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PEA responds to high electricity demand with new office on Phi Phi

PEA responds to high electricity demand with new office on Phi Phi

PHUKET: The Provincial Electricity Authority (PEA) on Saturday opened a new office on Koh Phi Phi, a month after finishing a 600-million-baht underwater cable project that began in April 2013. Both projects were initiated in response to the high demand for electricity on the island, totaling about seven megawatts per year. The grand opening was chaired by PEA Governor Sermsakul Klailkaew, with other officers, Phi Phi locals and tourists in attendance. “There are about 1,142 electricity users on Phi Phi, of which 47 are large consumers. In total, they bring in 160 million baht a year,” said Mr Sermsakul. “The new offic

Yesterday, 02:35PM

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'Inexperienced' Chinese tourist drowns in Phuket

'Inexperienced' Chinese tourist drowns in Phuket

PHUKET: A Chinese tourist snorkeling for the first time in his life drowned at Koh Racha Yai yesterday afternoon. The victim, Hangseng Chen, 62, was on a day trip with the 'Jaiyun Travel Group Co Ltd'. “Suthee Maliwan, the tour guide, told us that at about 11:40am, he made a stop to let the tourists snorkel off the island. He said that he gave instructions to all tourists on how to use the equipment, and told them to wear life jackets before jumping in,” said Lt Sakarin Saengjaroen of Chalong Police. “However, after about five minutes, he found Mr Chen floating face-down in the water. He was wearing all the necessary eq

Yesterday, 11:19AM

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Finance: Using fundamental and technical analysis to gauge stocks

Finance: Using fundamental and technical analysis to gauge stocks

PHUKET: When I decide that a stock could either be worth buying or worth placing on a watch list, the first thing I do is look at the stock’s fundamentals using a stock research and marketing tool called ‘MarketSmith’. Using small cap LGI Homes (NASDAQ: LGIH) as a sample stock, let’s look at some fundamental data that will help decide whether its worth owning or watching. Return on Equity (ROE) is a key measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders’ equity. An ROE of more than 10-15 per cent is good, while LGIH’s ROE of 25 per cent is very hea

Sunday, April 23, 2017 | 02:00 PM

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