Archive for the ‘Taiwan’ category

The Rise of Asia

August 23rd, 2010

The stock market in Asia – Pacific region is unique in the world to keep green in most of the trading week , except week session key swing by the action from Europe and America .

As of the week , the index MSCI Asia – Pacific increased 0.4 % to 118.29 points , after declining 3.7 % in the previous week. Index is down 8.4 % from the peak years of the date 15/04/2010 . Shanghai ‘s Composite Index of China increased 1.4 % . Nikkei 225 down 0.8 % in Japan . South Korea ‘s Kospi rose 1.7 % .

Although Japanese economic decline in the second quarter , but the opportunities to create momentum for China ahead . According to data released Tuesday by the Japanese 16 / 8 , the total domestic product ( GDP ) of Japan is 1286 billion dollars , lower than the figure of 1335 billion U.S. dollars in China.

Along with the change of his two economies Japan, China , a number of countries and territories in Asia last week has emerged stronger . Central Bank of Malaysia , Zeti Akhtar Aziz said the country’s economy grew 8.9 % in quarter 2 / 2010 over the same period last year and expected to grow 6 % in 2010.

But according to the statistical offices of Taiwan (China ) , GDP quarterly 2 / 2010 of the area has grown 12.53 % over the same period last year . Quarter 1 / 2010 , the rate of economic growth in Taiwan reached 13.71 % . Taiwan ‘s exports could grow more than 30 % this year .

Thai Prime Minister Abhisit Vejjajiva Monday 20 / 8 expressed confidence that the export sector will help boost gross domestic product ( GDP ) this year of at least 7 % . Mr. Abhisit said Thai economic growth of 10% in first 6 months of 2010 primarily due to strong export growth .

Quarter 2 / 2010 , European economic growth 1 % quarter U.S. economic growth 1 / 2010 the first published data is 2.4 % and could be adjusted downward to 1.4 % last week , can assert Asian economic growth will be the first ship of the global economy in 2010 .

Britain’s Telegraph newspaper recently described a series of statistical data was very positive about the growth of the Southeast Asian country . Accordingly, in 2010, Singapore will achieve economic growth record of 15 % , 7 % followed by Malaysia , Indonesia, Philippines 6.6 % and 6 % .

The newspaper said that following the global economic downturn 2008-2009 , some Southeast Asian countries have recovered quickly . This area is becoming attractive investment in the context of Vietnam and Thailand is rising next to the economy is considered development in the region such as Singapore .

According to the newspaper , the national investment funds and individual investors now want to choose Asia and Southeast Asia to increase investment by the ability to achieve high profits . Last year, Fidelity Investment Fund has spent 25% of investment in Southeast Asia , while Aberdeen and First State Fund respectively for 35 % and 25 % investment in the region.

Meanwhile, today 19 / 8 , the Asian Development Bank ( ADB ) has published a report said the middle class (the consumers from U.S. $ 2-30 per day ) of the rapidly expanding Asia will be able to act as leading consumer and help re- balance the economy .

This report is in a special edition of the main indicators for Asia and the Asia – Pacific 2010 . Accordingly, studies show that Asian consumers consumption around 4300 billion dollars , equivalent to one third of the consumption of industrialized countries ( OECD ) .

Interest Rates, Selective Credit Control Unit, Room for fear? Fai-Nan Perng: Do the right thing

June 24th, 2010

Taiwan – Contrary to expectations, the central bank of Taiwan raised interest rates, and adopted selective control over the housing market  due to issues with stock markets, raised fears of terrorism , and the collapsing housing market. In this regard, the central bank president Fai-Nan Perng stressed that ” the central bank needs to do the right thing ” and stressed ” this is a very very relaxed fine-tuning and will not affect the general mortgage.”

Fai-Nan Perng emphasized the main reason the Central Bank Council decided to raise interest incorporates three major factors. First, continuing global economic recovery , benefit from the emerging countries of Asia and other major trading partners needs to heat up, China’s exports and investment to expand the company and unemployment situation has also gradually improved. This is coupled with a moderate increase in private consumption , making this yearly quarter’s economic growth rate of 13.27% . In addition there has been a  better than expected  economic performance of domestic and foreign institutions that have revised Taiwan’s economic growth forecast this year. In May this year, the Bureau of Statistics reported the economic growth rate to be 4.72% of the original estimate and was revised to 6.14 percent .

Second, with the warming of global demand , pushing up oil and other international raw material market , the domestic retail market prices all reflect the cost increase , from January to May this year, which is the domestic consumer price (CPI) annual growth rate of 1.19%. DGBAS forecast for this year by the CPI annual rate of 1.27% was revised to 1.4%.

Third, since the second half last year , because domestic economy has warmed , the central bank gradually exited its quantitative easing policy allowing bank excess reserve positions to be reduced to normal levels. This has been connected with a gradual increase in the overnight rate , M2 growth target zone annual growth rate back to the middle Value in the vicinity  since April this year.