Archive for December 2006
Checked my gmail account, I am glad all my mails and folders are as it is and have not disappeared as have been reported by a few.
The Tuesday evening earthquake in Taiwan has left Hong Kong without internet connectivity. We are back in the ice age.
We have no internet connectivity – no emails, can’t log on to websites (local or external) and no inbound faxes to Hong Kong. Websites are taking ages to come up. Typing google.com on a 8Mbs net connection used to take milli seconds (if not nano) to come up, but now takes more than 4-5 minutes.
At work the traffic has been routed via India and hence we have some connectivity to emails and net, but definitely not like what it used to be earlier.
Have not witnessed such a kind of an outage personally ever.
Source Business Standard (India):
- The number of foreign institutional investors (FIIs) registered with the Securities and Exchange Board of India (Sebi) crossed the 1,000 mark.
- The total number of FIIs having their offices in India has now increased to 1,030. In the beginning of calendar year 2006, the figure was 813.
- As many as 217 new FIIs opened their offices in India during the current calendar year. This is the highest number of registrations by FIIs in a year till date. The previous highest was 209 in 2005.
- The net investments made by the institutions during 2006 was $9,185.90 million against $9,521.80 million in 2005.
- In 1993, Pictet Umbrella Trust Emerging Markets’ Fund, an institutional investor from Switzerland, was the only FII to enter the Indian market.
- While in 1994, no new registrations were reported,
- Between 1995 and 2003, an average of 51 new FIIs opened their shops in the country each year.
- The break up of FIIs in India is as follows:
- US – 368
- UK – 167
- Luxembourg – 73
- Singapore – 51
- Australia – 35
- Hong Kong – 35
- Canada – 32
- Ireland – 29
- Netherlands – 27
- Mauritius – 25
- Switzerland – 22
- France – 20
With the Indian economy looking strong in the coming years, I am sure the numbers will increase to look better.
Today is the final trading day of 2006 for the following asian exchanges:
- Sydney Futures
- Taiwan Stock Exchange
- Singapore Exchange
- Singapore Derivatives
- Hong Kong Futures
- Hong Kong Stock Exchange
- Korea Stock Exchange
- Korea Futures
- Tokyo – TSE
- Osaka – OSE
- Bombay Stock Exchange
- Nation Stock Exchange (NSE – India)
Happy New Year and all the very best for 2007.
Hope you have a healthy, happy and a prosperous new year 2007.
“Dong Zhi is the second most important festival of the Chinese calendar. Celebrated on the longest night of the year, Dong Zhi is the day when sunshine is weakest and daylight shortest. The coming of winter is celebrated by families and is traditionally the time when farmers and fishermen gather food in preparation for the coming cold season. It is also a time for family reunions. This celebration can be traced to the Chinese belief in yin and yang, which represent balance and harmony in life. It is believed that the yin qualities of darkness and cold are at their most powerful at this time, but it is also the turning point, giving way to the light and warmth of yang. For this reason, the Dong Zhi Festival is a time for optimism.
Dong Zhi is celebrated in style. The longest night of the year is a time to put on brand new clothes, visit family with gifts and to laugh and drink deep into the long night.”
All of my colleagues and most of the entire floor today in office had gone home as early as 1pm. And were in fact advising all to leave as early as possible ;). For many traditional Chinese this festival is more auspicous and important than the Chinese New Year itself. All spend time with their family today and have dinner with parents.
I have been advised to keep away from Chinese restuarants as it will be extremely crowded with long queues and advance bookings. In that case I will try a non-Chinese restaurant and go to Chinese restaurant on New Year or X’mas :). This festival marks the beginning of the Holiday / Festival season in Hong Kong. We have a long weekend here with Monday (12/25) and Tuesday (12/26) a holiday. And we have all started to talk in the “see you next year” mode.