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Diaxde Volunteers

Goddess of Spring and Love

Who is that calling from the depths of the forest? 
In the lonely silence of the dawn,
Like the exuberant voice of a silver bell;
Calling whom? 
Oh!  Goddess of Love! 
Goddess of Spring and Love.

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Sell Your Taiwanese Stocks!

Upon seeing Crystal Hsu’s business reporting on Taipei Times yesterday (July 2nd, 2009), something alerted me greatly.

I have been following stock markets since my days as an undergrad.  That’s more than 15 years ago.  And I don’t remember seeing the Taiwan’s broad stock market index averaging a p/e (price to earnings) ratio over 40 times.  According to Hsu’s report, Kevin Hsiao, the head of UBS Wealth Management Research Taiwan, had pointed out that that p/e ratio is the highest among all four “small dragons” of Southeast Asia.  Another observation on Hsaio’s data is that Taiwan’s p/e ratio is more than twice as large comparing against all the other three small dragons (Hong Kong 18.2x, South Korea 14.7x, Singapore 15.5x) and China (14.3x) and India (16.6).  Amazing.

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Newsflash


From left, Minister of Foreign Affairs Joseph Wu, Executive Yuan spokesman Lo Ping-cheng, Minister Without Portfolio John Deng and Minister of Economic Affairs Wang Mei-hua attend a news conference in Taipei yesterday.
Photo: Lee Hsin-fang, Taipei Times

Taiwan and the US yesterday announced that they would commence negotiations on a new trade agreement, dubbed the “Taiwan-US Initiative on 21st-century Trade,” signaling a breakthrough after Taiwan was excluded from a US-led regional trade framework.