Taiwan Disaster and Asia’s Internet Meltdown
Asia’s internet connection took a big hit today after the Taiwan earthquake. Indonesia, Thailand, and Singapore’s internet connection is reportedly having a significant slow down due to the interruption of the international backbone that goes through under-water fibre-optic lines crossing Taiwan. For the rest of this day, I can’t access many international sites (including Google and Gmail by the way) and even if I can, it’s slow as a snail.
The news site all over Indonesia reported that the ‘fix’ of this submarine cable line can take weeks to finish and everything will come to a slow down for the following weeks. This might be just the worst holiday gifts I’ve ever received…
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[...] My equity rose around 30%+ this year which is not bad if considering the Fed interest rate is hovering between 5-5.25% and Indonesia’s central bank rate is somewhere under 10% (is it? Sheez… I miss using Google or Yahoo to do a little bit of research before posting…). But it is quite bad if compared to the rest of Indonesia’s capital market which grew almost 70%+ this year, that means it’s better of for me to invest in the market risk (index and the likes) rather than managing my own portfolio. There’s something wrong with my trading styles and I’m going to fix that starting next year (oops, is that a new year’s resolution?) [...]