Bamboo Innovator Daily Insight: 9 Mar (Mon) – Produce More by Removing More

Life

• Produce More by Removing More: Farnam
• Munger: “Low goals do cause lower performance and high goals increase the percentage of cheating. Each organization has to find its own way.” Farnam
• How The Most Powerful People Get Things Done: 4 Tips From A White House Staffer: Barker

Investing Process

• Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?”: AsianExtractor
• Bridgewater’s Ray Dalio Explains the Power of Not Knowing: II

Greater China

• Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?”: AsianExtractor
• China’s Shandong province will have to sell assets to pay debt: governor: Reuters
• China’s tax officials vow ‘shock and awe’ campaign in war against cross-border tax cheats: SCMP
• Capital flight a risk that must be monitored: SCMP
• Legal power of local government pledges in China rejected: WCT
• Move Over Mao: Beloved ‘Papa Xi’ Awes China: NYT

Japan & Korea

• Lotte Group’s aggressive acquisitions of companies are raising concerns as to whether it is biting off more than it can chew: KT
• Big Korean companies fill 40 pct of outside directors with ex-officials: KH

ASEAN

• Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?”: AsianExtractor
• Reinforcing SGX listing and enforcement framework; proposed power to fine an issuer up to S$250,000 per contravention and a maximum of S$1 million for multiple charges, prohibit an errant issue manager from participating in specified SGX listing applications, require an errant director or officer to resign, or prohibit any issuer from appointing that person. BT
• No protection if misconduct detected in 1MDB, Najib assures Umno leaders: Star
• For SGX, a dearth of IPOs amid volatility: BT
• Indonesia Has The Money, But Can It Spend It?: WSJ

Macro

• LSE has defied expectations to go from prey to predator: FT
• Real danger lies in Mitteleuropa’s financial sector; At zero interest rates, it is very difficult for the German insurance industry to remain solvent: FT
• Bonds: How firm a foundation? Regulators question if corporate debt could withstand a sudden reversal: FT
• World’s Biggest Ship Title Shifts Monthly as Rates Fall; Bragging rights for the world’s largest container ship have changed hands four times in as many months – – and will soon shift again. Bloomberg
• Many Swiss banks are saddled with a batch of accounts by clients who have refused to declare them. Now, they must soon be disclosed to the IRS thanks to recently implemented U.S. law. WSJ

TMT

• Crunch time: how the Apple Watch could create a $1tn company: Guardian
• Surge in Smartphones Sets Off New Wave of Corporate Self-Reinvention: NYT
• Smartwatch Pushes Apple Into High-End Fashion: WSJ
• At Startups, People Are ‘New Infrastructure’; Uber, Instacart and Others Engage in Wholesale Recruitment of Workers: WSJ
• Web-Video Newcomers Undercut YouTube; Facebook, Snapchat, Vessel offer better terms for revenue sharing: WSJ
• Cash may be king, but smartphones seek to rule at the register: AFP
• Google: The Value of Thrift: WSJ
• Apple’s Ascent: From ‘Niche’ Stock to Juggernaut; Onetime Ugly Duckling of the Market Is Set to Join Blue-Chip Index: WSJ
• As Driverless Car Rivalry Emerges, Mobileye Bulls Counter: Bloomberg

Healthcare

• The three biggest companies that collect and disseminate credit information on more than 200 million Americans will change the way they handle errors and list unpaid medical bills as part of the broadest industry overhaul in more than a decade: WSJ