Goodbye to comfort zone: Leading a business is an honor and a responsibility. So is being a business school professor; Business leaders and professors will feel vulnerable because they cannot rely on old ways of working anymore

Goodbye to comfort zone

Thomas W. Malnight, IMD | Business | Sat, February 22 2014, 4:37 PM

Business schools and top executives must rethink how they work together
How do weary, overstretched senior executives deal with big strategic challenges and get their companies ready for the future? They hire a consultant and get served with ready-made answers that have been fed to other clients. Or perhaps they call a business school and learn new frameworks or case studies that often miss the real issues facing their company. Or maybe they organize an off-site meeting and buzz with ideas that fizzle out once everyone gets back to the office. Read more of this post

Investors losing patience with big consumer brands; Big consumer companies cut costs, Wall Street wants bolder steps; The sector is worst performer over the past 6 months

Big consumer companies cut costs, Wall Street wants bolder steps

Investors losing patience with big consumer brands

The sector is worst performer over the past 6 months

Sun, Feb 23 2014

By Lisa Baertlein and Martinne Geller

BOCA RATON, Florida (Reuters) – Investors are growing impatient with the makers of global brands like Cadbury chocolate, Campbell Soup and Tide laundry detergent, as these stalwart consumer products companies try to boost profits through cost cuts and brand makeovers while smaller rivals take risks and grab market share. Read more of this post

Snapdeal, the EBay of India, Sees Plenty of Room to Grow

FEBRUARY 21, 2014, 5:27 AM

Snapdeal, the EBay of India, Sees Plenty of Room to Grow

By MARK BERGEN

BANGALORE – Snapdeal and Flipkart, India’s two largest online marketplaces, are frequently recipients of honorific, hopeful nicknames. They are, respectively, called the eBay and Amazon of India. Read more of this post

There is big money in keeping the horse business on track

Updated: Tuesday February 25, 2014 MYT 9:59:42 AM

Horse trading: There is big money in keeping the horse business on track

BY GRACE CHEN

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Dr Mahadevan, the Keeper of the Malaysian Stud Book is still active in horse trade.

To go back to the roots of the horse industry, one should refer to the General Stud Book kept in the Malayan Racing Association. Read more of this post

Oversupply of real estate in Malaysia short-term situation

Updated: Tuesday February 25, 2014 MYT 7:06:24 AM

Oversupply of real estate in Malaysia short-term situation

KUALA LUMPUR: The oversupply of real estate in the country is only a short-term situation, which will clear over time, says Malaysian Institute of Estate Agentspresident Siva Shanker.

As long as the local economy is healthy and not in a tailspin, the property market will withstand the pressures of speculation and the curbs imposed by Budget 2014, he said. Read more of this post

MyEG will be getting 20% of revenue over and above what the Malysian Government is able to collect on its own for implementing the electronic monitoring system (EMS) project.

Updated: Tuesday February 25, 2014 MYT 7:55:13 AM

MyEG getting 20% more revenue than what Govt is able to collect

BY EUGENE MAHALINGAM

PETALING JAYA: MyEG Services Bhd confirms that it will be getting 20% of revenue over and above what the Government is able to collect on its own for implementing the electronic monitoring system (EMS) project. Read more of this post

Boost Your Balance; Avoid Falls; Exercises in 30s and 40s Can Keep You Steadier as You Age

Boost Your Balance; Avoid Falls

Exercises in 30s and 40s Can Keep You Steadier as You Age

ANGELA CHEN

Feb. 24, 2014 6:23 p.m. ET

If you find yourself needing to sit down to take off your shoes, it might be time to start paying attention to your sense of balance. Read more of this post

Skills are more than the sum of school data; Business unfairly lambasts the education system and politicians for the ‘skills shortage’

February 24, 2014 4:35 pm

Skills are more than the sum of school data

By Andrew Hill

Business unfairly lambasts the education system and politicians for the ‘skills shortage’

Pisa stands for Programme for International Student Assessment. But judging from the reaction to the OECD rankings of educational attainment, it may as well mean Parental Index of Social Anxiety. Read more of this post

How the decision gurus choose: Leaders in the field discuss how they make important choices in their own lives

February 24, 2014 5:49 pm

How the decision gurus choose

By Emma Jacobs

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Eight academics who are experts in effective decision-making techniques discuss whether they deploy the same strategies at work and at home.

Dan Ariely, professor of psychology and behavioural economics, Duke University

When it comes to small decisions in life, Prof Ariely makes “the same mistakes that most people do”. The author of the best-selling book Predictably Irrational says it is very hard to be conscious of bias and stop it from influencing choices.

So even though he knows that a bottle of wine might look less expensive if placed next to a pricey one on a restaurant menu, the behavioural economics expert admits to being no less likely to pick it than anyone else. Read more of this post

Frontier market havens come under threat as frailties appear

February 24, 2014 3:46 pm

Frontier market havens come under threat as frailties appear

By James Kynge

Frontier markets are poised at the extremities of market capitalism, a position that often equates to life on the edge for investors. But this year, this exotic asset class of outliers has performed more like a haven from the turmoil of more established emerging markets. Read more of this post

Inside the Showdown Atop Pimco, the World’s Biggest Bond Firm; After clashing with Pimco co-founder Bill Gross, CEO Mohamed El-Erian decided to leave the fund giant.

Inside the Showdown Atop Pimco, the World’s Biggest Bond Firm

After clashing with Pimco co-founder Bill Gross, CEO Mohamed El-Erian decided to leave the fund giant.

GREGORY ZUCKERMAN and KIRSTEN GRIND

Updated Feb. 24, 2014 10:34 p.m. ET

NEWPORT BEACH, Calif.—Tension increased at Pacific Investment Management Co.’s headquarters here last summer. The bond market was under pressure, losses grew and clients pulled billions of dollars from the firm. Read more of this post

Broadcasters Warn They May Reconsider Offering Free TV

Broadcasters Warn They May Reconsider Offering Free TV

Arguments Against Aereo Laid Out in Supreme Court Filing

AMOL SHARMA And SHALINI RAMACHANDRAN

Feb. 24, 2014 5:25 p.m. ET

Television broadcasters said in a filing with the Supreme Court that the continued operation of online-video service Aereo Inc. could force them to reconsider offering as much free, over-the-air TV programming as is now available.

In the filing, broadcasters laid out their arguments in their legal case against Aereo, which streams TV station signals to consumers for a monthly fee without the permission of broadcasters. The startup says its technology facilitates people’s legal right to watch over-the-air TV free of charge. Read more of this post

WhatsApp chief sets course for 1bn users

February 24, 2014 9:10 pm

WhatsApp chief sets course for 1bn users

By Daniel Thomas in Barcelona and Tim Bradshaw in San Francisco

Just days after selling WhatsApp for $19bn to Facebook, Jan Koum arrived at a Barcelona mobile industry conference to deliver a further shock to a telecoms industry already nervous about the strengthened competition from its low-cost messaging platform. Read more of this post

Pet food brand looks to collar the market

February 25, 2014 12:22 am

Pet food brand looks to collar the market

By Ed Hammond in New York

Blue Buffalo, the premium dog food business, is grooming itself for an initial public offering, according to people familiar with the matter.

The company, which has a sideline in cat food products, has been talking to possible bookrunners for a stock market listing, these people said, but had not yet selected banks. Read more of this post

Brazil: Loss of faith; Public unrest and economic worries threaten to spoil the World Cup host’s national party

February 24, 2014 7:20 pm

Brazil: Loss of faith

By Joe Leahy

Public unrest and economic worries threaten to spoil the World Cup host’s national party

image006-3©Getty

Fresh gospel: Brazil is preparing a new public-relations campaign to improve perceptions of the World Cup

For weeks workers at São Paulo’s Itaquerao stadium have been clearing up the damage from a deadly construction accident in November. A giant roof girder crashed through a wall of the unfinished 68,000-seat arena, killing two labourers and casting a pall over Brazil’s preparations for this year’s football World Cup. Read more of this post

Shenzhen property heads for dizzy heights

February 24, 2014 11:17 am

Shenzhen property heads for dizzy heights

By Demetri Sevastopulo in Hong Kong

Dozens of small fish lie basking in the sun on the roof of a penthouse apartment inShenzhen

that is on the market for about 20 per cent more than when it last sold in 2012. Read more of this post

Pensions – the Australian lesson

February 24, 2014 12:42 pm

Pensions – the Australian lesson

By Josephine Cumbo

Think back to the last time you changed jobs. You probably thought a lot about your new salary, responsibilities and hours of work. You might have taken into account how much travelling or commuting you would be doing, or whether the post came with attractive fringe benefits. What you might do with the pension savings you accumulated in your old employer’s fund was probably well down the list of priorities. Read more of this post

Welcome news for Ma Jie

Welcome news for Ma Jie

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Tuesday, Feb 25, 2014

Andrea Ong

The Straits Times

SINGAPORE – Madam Wan Lau Fong came to Singapore from Guangdong province when she was just 21. Read more of this post

Groupon clones ditch business model

Groupon clones ditch business model

Tuesday, Feb 25, 2014

Victoria Ho

The Business Times

AS MORE Groupon clones fall by the wayside, another Singapore contender is turning away from the voucher model to e-commerce.

Three-and-a-half-year-old StreetDeal is one of the oldest in the local group-buying scene and the third largest here, after Groupon and Deal.com.sg. Read more of this post

Indonesia’s anti-corruption agency urged to probe wealth of candidates

Indonesia’s anti-corruption agency urged to probe wealth of candidates

Monday, February 24, 2014 – 10:36

The Jakarta Post/Asia News Network

The deputy governor of Jakarta, Basuki “Ahok” Tjahaja Purnama, has urged the Corruption Eradication Commission (KPK) not only to verify the wealth of successful candidates for public office but also to examine how they achieved their wealth

The 1999 Corruption Law requires all successful candidates for public office, including those of governor, regent and mayor, as well as legislative and regional representatives, to submit wealth reports before starting their new state jobs. Read more of this post

Indonesia’s TV stations told to stop political ads

Indonesia’s TV stations told to stop political ads

Monday, February 24, 2014 – 16:31

Nurfika Osman

The Jakarta Post/Asia News Network

JAKARTA – The Indonesian Broadcasting Commission (KPI) has officially ordered TV stations RCTI and Global TV to stop broadcasting two quiz shows, Kuis Kebangsaan (Nationalism Quiz) and Indonesia Cerdas (Smart Indonesia), for promoting the interests of the People’s Conscience (Hanura) Party. Read more of this post

Beijing’s drive to instill nationalism fires up the young

Beijing’s drive to instill nationalism fires up the young

Tuesday, February 25, 2014 – 09:00

The Straits Times

Ties between China and Japan are at a new low. The Straits Times’ China Bureau examines the attitudes towards Japan among young Chinese, as well as how mainland-based Japanese nationals cope amid the public acrimony between the two Asian powers. Read more of this post

Sina, one of China’s biggest Internet portals, is preparing an IPO in the United States for Weibo, its Twitter-like microblogging service

FEBRUARY 24, 2014, 8:04 AM  Comment

Chinese Microblogging Service Plans Public Offering

By DAVID BARBOZA

Updated, 4:10 p.m. |
The Sina Corporation, one of China’s biggest Internet portals, is preparing an initial public offering in the United States for Weibo, itsTwitter-like microblogging service, according to people close to the matter. Read more of this post

More Communist Party officials expected to flee abroad

More Communist Party officials expected to flee abroad

Tuesday, 25 February, 2014, 4:48am

Keith Zhai keith.zhai@scmp.com

Growing numbers of corrupt officials are likely to flee the country because of the crackdown on graft, according to a new government think tank report.

image001-1The number of Communist Party cadres escaping abroad may also rise because a lack of extradition pacts with some countries means fugitives may find bolt holes overseas, the Chinese Academy of Social Sciences (CASS) said. Read more of this post

Chinese Arts Company Goes Public in Bid to Grow

Chinese Arts Company Goes Public in Bid to Grow

By DAVID BARBOZAFEB. 24, 2014

SHANGHAI — The China Poly Group Corporation, a state-run conglomerate that got its start selling weapons to the People’s Liberation Army, has over the past few decades successfully branched into developing real estate, selling sports cars and producing television sitcoms. Now the company’s huge arts and culture division — Poly Culture Group Corporation — is planning an initial public stock offering that could raise up to $330 million and bolster the prospects of the company in the world’s biggest and fastest-growing art and auction market. Read more of this post

China’s Internet: Gilding the Cyber Cage; The Chinese internet is dominated by three firms-Baidu, Alibaba and Tencent-often referred to as the “BATs”

China’s Internet: Gilding the Cyber Cage

with one comment

This essay originally appeared in the December 2013 issue of the China Economic Quarterly.

Cognitive dissonance is helpful in trying to understand the Chinese internet. China’s virtual town square remains crowded and rambunctious—even as members of the Public Security Bureau mingle in the throng and grab those who step too far out of line. Read more of this post

Fangs In: Yu E Bao Is Not to Blame; Criticism of Alibaba’s e-investment product is misguided because it represents exactly the kind of innovation the financial industry badly needs

02.24.2014 16:35

Fangs In: Yu E Bao Is Not to Blame

Criticism of Alibaba’s e-investment product is misguided because it represents exactly the kind of innovation the financial industry badly needs

By Liu Shengjun

Niu Wenxin, the executive editor of CCTV’s Stock Information Channel, recently called Alibaba’s e-investment product Yu E Bao a “vampire” in a blog article. He wrote that it should be banned because of the damages it does to banks, the financial industry and the country’s real economy. Read more of this post

What’s up for Alibaba’s mobile app strategy?

What’s up for Alibaba’s mobile app strategy?

4:06pm EST

By Denny Thomas and Paul Carsten

HONG KONG/BEIJING (Reuters) – Billionaire Jack Ma’s Alibaba, the dominant force in China’s $1.6 trillion e-commerce market, may already have lost a battle with rival Tencent for the world’s biggest mobile market.

While Alibaba Group Holding Ltd dominates in e-commerce, Tencent Holdings Ltd has taken over China’s smartphone screens with its WeChat, or Weixin, social messaging platform. Read more of this post

SEC Grows Suspicious of Declining Auditor Fees

February 24, 2014, 1:48 PM ET

SEC Grows Suspicious of Declining Auditor Fees

EMILY CHASAN

Senior Editor

U.S. securities regulators are wary that pressure to reduce auditor fees could lead to worse audits.

Regulators grow “worried” when auditor fees appear to fluctuate with economic cycles, Paul Beswick, chief accountant at the Securities and Exchange Commission, said at a Practising Law Institute conference in Washington, D.C., on Saturday. Read more of this post

Five Myths of Bond Investing; We puncture some dangerous misconceptions-and set out a plan for investors to follow now.

Five Myths of Bond Investing

We puncture some dangerous misconceptions—and set out a plan for investors to follow now.

JASON ZWEIG And JOE LIGHT 

Feb. 21, 2014 6:28 p.m. ET

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Are bonds a portfolio’s bulwark or its Achilles’ heel? Investors can’t seem to decide.

Over the last seven months of 2013, amid rising interest rates and falling bond prices, skittish investors yanked $18 billion more out of bond funds than they put in. Read more of this post

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