Morning Bamboo Insight: 2 Oct 2014

Morning Bamboo Insight: 2 Oct 2014

Macro

1. FASB is gaining support for its projects to streamline rules around disclosure of extraordinary items and inventory accounting

http://blogs.wsj.com/cfo/2014/09/30/fasb-accounting-simplification-projects-see-early-support/?mod=WSJ_hpp_sections_cfo

2. Markets Diverging in Emerging World; India and Indonesia Have Been Recent Winners; Not So Brazil and Turkey

http://online.wsj.com/articles/markets-are-diverging-in-the-emerging-world-1412119148

Asia Pacific

1. (Japan) – $617 Billion in Japan Stock Orders Scrapped After Error

http://www.bloomberg.com/news/print/2014-10-01/oops-possible-617-billion-trading-error-in-japan.html

2. (Australia/China) – Australia frets as property blows hot at home, cold in China

http://thejakartaglobe.beritasatu.com/business/australia-frets-property-blows-hot-home-cold-china/

3. (Isia) – KPK Launches Theme Park-Style Anti-Graft Mobile App

http://thejakartaglobe.beritasatu.com/news/kpk-launches-theme-park-style-anti-graft-mobile-app/

4. (Spore) – Should SGX allow dual-class structures?

http://www.businesstimes.com.sg/premium/editorial-opinion/opinion/should-sgx-allow-dual-class-structures-20141001

5. (Asia) – Rectify Asia’s ‘governance deficit’

http://www.businesstimes.com.sg/premium/editorial-opinion/editorial/rectify-asias-governance-deficit-20141001

6. (Spore) – Herbal product in health scare is Eu Yan Sang’s best seller

http://www.businesstimes.com.sg/premium/companies/others/herbal-product-health-scare-eu-yan-sangs-best-seller-20141001

7. (Thai/Asean) – Acquisition sprees ‘hits credit quality’ of large Thai corporations, according to S&P

http://www.nationmultimedia.com/business/Acquisition-sprees-hits-credit-quality-30244481.html

8. (HK) – Hong Kong’s Status as Financial Hub Likely a Factor for Beijing; Heavy Crackdown on Protests Would Deepen Financial Firms’ Concerns About Autonomy

http://online.wsj.com/articles/hong-kongs-status-as-financial-hub-likely-a-factor-for-beijing-1412080251

9. (HK) – Hong Kong Protests Have History of Success in Challenging Government

http://online.wsj.com/articles/hong-kong-protests-have-succeeded-in-other-challenges-against-government-1412081966

1. (China) – Chinese Nets and Bolts Ensnare Basketball Hoops in Litigation; Should Lifetime Products’ Basketball Hoops Use ‘Made in USA’ Labels?

http://online.wsj.com/articles/chinese-nets-and-bolts-ensnare-basketball-hoops-in-litigation-1412099954

1. (China) – A Chinese Investment on Fracking Fails to Deliver; How a Shanghai Real-Estate Mogul’s Bet in Canada’s Bakken Shale Went Sour

http://online.wsj.com/articles/a-chinese-investment-on-fracking-fails-to-deliver-1412118451?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB12584803618636143833504580170103161794186.html

2. (Isia) – Good news for planters, Indonesia drops foreign ownership clause in bill; New law requires plantation companies to allocate 20% of their concessions to people living in the nearby areas

http://www.thestar.com.my/Business/Business-News/2014/10/01/Good-news-for-planters-Indonesia-drops-foreign-ownership-clause-in-bill/?style=biz

3. REDtone auditors give ‘qualified opinion’ on group’s financial statement due to “other receivables” in the financial statements

http://www.thestar.com.my/Business/Business-News/2014/10/01/REDtone-auditors-give-qualified-opinion/?style=biz

4. (Macau) – Macau Publishes The Worst Numbers Since The Global Financial Meltdown

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Life

1. Warren Buffett’s Best Productivity Hack Is A Simple 2-List System; Even though everybody wants a piece of his time, Warren Buffett stays focused. Here’s his approach

http://www.businessinsider.sg/warren-buffett-productivity-trick-2014-9/#.VCvOzfmSyCk

2. PayPal’s New CEO Once Spent 24 Hours Living On The Streets Of NYC As A Homeless Person

http://www.businessinsider.sg/dan-schulman-new-paypal-ceo-spent-24-hours-on-streets-of-nyc-2014-9/#.VCrZ-_mSyCk

3. Victoria’s Other Secret: The Low-Key Billionaire Behind The Lingerie Giant

http://www.forbes.com/sites/danalexander/2014/09/30/victorias-other-secret-the-low-key-billionaire-behind-the-lingerie-giant/print/

TMT

1. (Isia/Tech) – Japanese Venture Capital Firm Funds Indonesian Startup Developing a News App; Kurio searches the Internet and filters millions of articles every day to find content that meets a user’s interest.

http://thejakartaglobe.beritasatu.com/business/japanese-venture-capital-firm-funds-indonesian-startup-developing-news-app/

2. Wall Street’s Chat Plan Turns to Perzo Chief; David Gurle, CEO of an Instant-Messaging Company That Is Near a Deal to Be Acquired, Is No Stranger on Wall Street

http://online.wsj.com/articles/wall-streets-chat-plan-turns-to-perzo-chief-1412092673?mod=WSJ_hpp_sections_management

3. More Cable Companies Take TV Off Menu; Customers Care More About Broadband, They Say, and Programming Has Gotten Too Expensive

http://online.wsj.com/articles/more-cable-companies-take-tv-off-menu-1412120310

4. (Tech/Media) – Netflix Pushes Into Movies With First Original Film; ‘Crouching Tiger’ Sequel to Premiere Same Day in August 2015 on Netflix and in Some IMAX Theaters

http://online.wsj.com/articles/netflix-pushes-into-movie-making-with-first-original-film-1412081193

5. Analytical Value From Data That Cries Wolf

http://sloanreview.mit.edu/article/analytical-value-from-data-that-cries-wolf/

6. Apps re-invent smartphone keyboards to reduce typing frustration

http://www.reuters.com/article/2014/09/30/us-apps-keyboards-idUSKCN0HP1NO20140930

7. The Ten Startup Nation Movers and Shakers You Need To Know

http://www.forbes.com/sites/ilyapozin/2014/09/26/the-ten-startup-nation-movers-shakers-you-need-to-know/print/

Consumer

1. (Consumer) – New Balance Acknowledges Shoe Materials Aren’t All U.S. Made; Only About 70% of Their Value Reflects Domestic Content and Labor

http://online.wsj.com/articles/new-balance-shoe-materials-arent-all-u-s-made-1412109111

2. Global health and wellness sales to hit US$774bil in 2014

http://www.thestar.com.my/Business/Business-News/2014/09/30/Global-health-and-wellness-sales-to-hit-US$774bil-in-2014/?style=biz

Healthcare

1. Medical Mergers Are Driving Up Health Costs; Insurer health-care payments are up 3%-a fortune, given the $900 billion spent annually.

http://online.wsj.com/articles/suzanne-f-delbanco-medical-mergers-are-driving-up-health-costs-1412119178

2. Doctors Net Billions From Drug Firms, financial ties that some critics say have compromised medical care

http://online.wsj.com/articles/u-s-agency-reveals-drug-makers-payments-to-doctors-1412100323

Investing Process

1. FASB Revisits the Cash-Flow Statement

http://ww2.cfo.com/cash-flow/2014/09/fasb-revisits-cash-flow-statement/

Energy

1. Oil trading mired in crude oversupply

http://www.businesstimes.com.sg/premium/top-stories/oil-trading-mired-crude-oversupply-20141001