Bamboo Innovator Daily Insight: 18 Mar (Wed) – Bill Gates recommends you read this specific part of Warren Buffett’s letter and says this is the most important annual letter Buffett has ever written

Life

• Bill Gates recommends you read this specific part of Warren Buffett’s letter and says this is the most important annual letter Buffett has ever written. BI
• 5 important business lessons one man learned from successfully climbing Mount Everest: BI
• Bill Gates: Steve Jobs would have made a ‘terrible’ Microsoft CEO: BI
• Blackmores Chairman tells his board he sold 150,000 shares of his stock to buy himself yacht: BI
• Here’s the remarkably simple secret to forming lifelong habits: BI
• Here’s how Steve Jobs told Tim Cook he was going to be the CEO of Apple: BI
• Here’s the first chapter of the business book Bill Gates says is the best he’s ever read: BI
• Here’s a guide to body-language etiquette around the world: BI
• Here’s how one psychologist learned to use her anxiety to make better decisions: BI
• Buffett’s childhood home on Airbnb: KT
• Shangri-La developer makes journey from Afghan refugee to construction king: TheAge
• Overthinking vs. Underthinking: Finding the Sweet Spot: Forbes
• School admissions no measure of one’s worth: NYT
• Managers Need to Make Time for Face Time: WSJ
• What have we learnt in 100 years of relativity?: PS

Greater China

• Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
• China came THIS close to another massive property developer default; Chinese Developer Evergrande Gets $16 Billion Lifeline Amid Slump: BI, NYT
• Kaisa Said Unlikely to Pay Coupons Wednesday, Thursday: Bloomberg
• China Graft Probe Snares Another Developer After Kaisa: Bloomberg
• China’s house price crisis is creating a perverse bailout bubble for property companies: BI
• China: With friends like these; Beijing has lent billions to spread its influence, but as defaults loom its approach is shifting: FT
• China Stocks Break 15-Year Link With Hong Kong as Rates Diverge: Bloomberg
• Netflix’s Bold China Plan: Technode
• China’s Tech Giants Taking On the Domestic Entertainment Industry: Technode
• Xu Caihou and the demise of China’s ‘New Gang of Four’: WCT
• China Invites Bids to Audit Offshore Assets; China’s oversight body for state assets is holding a tender to audit state companies’ overseas assets: WSJ
• China in danger of reverting to cult-based politics: BT
• China Promises Transparent Audit Of State Enterprises’ $690B In Overseas Investments: IBT
• The Chinese government thinks it has found the answer to the country’s property market crisis; purchase unsold residential properties and convert these units into low-cost public housing to reduce inventory levels: BI
• China must pardon corrupt officials, says author dubbed China’s John Grisham; He Jiahong, a legal expert says Beijing must focus on the causes of corruption rather than its symptoms or face ‘disaster’: Telegraph
• China Investigates Former Senior Official of Shanghai Free-Trade Zone: WSJ
• Is the Chinese dragon losing its puff?: CT
• Lacklustre performance at NPC suggests Chinese provincial party boss Hu Chunhua’s star is fading: SCMP
• Xi Jinping’s inner circle: The mishu cluster: Brookings
• ‘Tigers and flies’ to ‘tigers and wives’: the other-halves of senior officials caught up in Xi Jinping’s anti-graft drive: SCMP
• Party Investigates CNPC Executive Once Seen as Company’s Next Leader: Caixin
• World not excited about China’s Belt and Road plan: TODAY

India

• Modi’s Biggest Problem May Be the Banks: Bloomberg
• Solar Parks on Fertile Land Are New Adversary of India’s Farmers: Bloomberg
• 10 sharply focussed ecommerce players in India: Forbes
• How ColdEx Logistics is climbing up the food chain: Forbes
• India’s growing appetite for food service startups: Forbes
• India plans IPO rule changes to lure homegrown start-ups: sources: Reuters
• India’s Mahindra Enters Racing, but With Eye on Tesla: WSJ

Japan & Korea

• Meet the Japanese gaming giant that’s going to save Nintendo: BI
• Yamaha drives ahead with third attempt at four wheels: FT
• Japan Inc gives biggest boost to base pay for more than a decade: FT
• Japan Pensions Sell Record $46 Billion Bonds to Buy Stocks: Bloomberg
• Prosecutors raided the head offices of the Korea National Oil Corp. (KNOC) and Keangnam Enterprises, Wednesday, as part of their widening investigation into allegations of corruption surrounding the failed “energy diplomacy” conducted under the Lee Myung-bak administration: KT
• Coupang says unafraid of Amazon: KT
• Shares in POSCO companies drop on slush fund investigations; Corruption bust should not be swayed by politics; the prosecution investigating suspected slush funds at the construction unit of POSCO is closing in on the conglomerate’s former CEO Chung Joon-yang and his associates: Maeil, KH
• Korea’s top financial regulator will try to shift the center of the nation’s financial industry from the banking sector to the relatively weaker capital markets as part of a long-term restructuring plan.: JA
• Korea’s Best Olympic Venue? Japan. Bloomberg
• Toyota’s Measly $33 Won’t Save Japan: Bloomberg
• Nintendo Finally Gets to the Next Level: WSJ

ASEAN

• Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
• Fitch Sees More Than 50% Odds of Malaysia Downgrade on 1MDB: Bloomberg
• Fund Flap Roils Malaysia; Clash between a former Malaysian leader and the current one over alleged mismanagement of the country’s troubled multi-billion-dollar national investment fund destabilizes the government: WSJ
• Noble braced for next critique by mysterious research firm: FT
• Old Man Thailand Feels Pain of Economic Arthritis: Bloomberg
• Singaporeans pack JB nursing homes: AsiaOne
• The Catalist conundrum which shows no sign of getting resolved: BT

Macro

• ECB’s money printing may stymie cash generators: Reuters
• Hedge Funder Dalio Thinks the Fed Can Repeat 1937 All Over Again: Bloomberg
• CBA’s kickback scandal raises new questions about banking culture: TheAge
• Fannie, Freddie could need another bailout as risks rise: watchdog: Reuters
• Seeking a Cure for Raging Corporate Activism: Back from the 1980s, tenure voting is an intriguing but controversial idea to change how companies are run: WSJ
• Investors Demand More Info on Board Skills: WSJ
• Asia Steps Up Efforts to Reach the ‘Unbanked’; Governments from China to India are experimenting with novel ways to widen access to financial services: WSJ
• Hedge Fund Manager Fears “Sudden, Pervasive Loss Of Faith” In Markets; Says “It’s A Truly Scary Time”: Zerohedge
• S.E.C. Chief Voices Support for Higher Advice Standard for Brokers; Such a move would hold stockbrokers to a fiduciary duty standard, under which they must put their clients’ interests ahead of their own. NYT

Energy & Commodities

• Fortescue pulls $2.5bn bond as iron ore distress deepens: FT
• Oil Rig Squeeze Puts DNB on Alert to Help Billionaire Fredriksen: Bloomberg
• Oil Bonds Lose Investors $7 Billion in 10 Days: Bloomberg

TMT

• Subscriptions are enjoying a new prominence as a revenue engine for digital content and apps: BI
• TripAdvisor reviews are now so powerful they impact the tourist industry of entire countries: BI
• There are so many $10 billion startups that there’s a new name for them: ‘decacorns’: BI
• The clever way Apple was able to trademark the ‘iPad’ name while keeping the product a secret: BI
• Tesla CEO Elon Musk says in the future, cars with drivers will be considered too dangerous: BI
• MUNSTER: Apple’s new TV service could finally make the Apple television a reality: BI
• Apple TV has grown from a ‘hobby’ into a nice little business; Apple TV entices networks with promise of mobile viewers; Apple Upsets the TV Cart; Apple TV Plans Unscrambled; Apple Is Out to Blow Up the Cable TV Model: Bloomberg, WSJ, BI, Reuters
• 10 facts about the Apple Watch that show Apple’s obsessive attention to detail: BI
• Meet the man who could own Aviva France; One French investor has an unbelievable ‘magic ticket’ that is turning him into a billionaire without any risk: FT, BI1, BI2
• The pricing strategy for the Apple Watch is insanely smart: BI
• TIM COOK: This is the ‘disease’ that ruins technology companies: BI
• Tim Cook details one strategy that makes Apple different than Microsoft: BI
• The whoosh of start-up value going from Europe to Palo Alto; A local alternative to Silicon Valley’s disruption mantra is needed: FT
• What will be the impact of vast quantities of usable data on business? That is the overarching question that the authors of Big Data Revolution seek to answer. FT
• Biggest Advertisers Are Sending Their Dollars to Digital: NYT
• Digital Media Darlings Unfazed by the Fall of the News Site Gigaom: NYT
• The Most Obnoxious And Overused Startup Jargon: Forbes
• How to Build a Cross-Border Tech Startup When You’re Fighting; The only thing separating Israel and a pool of affordable talent is a border patrolled by soldiers: JG
• ‘Taxi Kingpin’ Gene Freidman, who owns more than 900 city cab medallions, in massive debt thanks to Uber; “People used to have a religious faith that yellow-cab-medallion prices would go up forever,” But Freidman is still living large: NYPost
• Jumei’s Makeover Is More Than Cosmetic; A pop in the shares of the beauty products e-tailer suggests investors are warming to its new strategy. Barron’s
• Sorcery! Bloomberg apparently just learned how venture capital works: Pando
• The Fuzzy, Insane Math That’s Creating So Many Billion-Dollar Tech Companies: Bloomberg
• Coming to Windows: Use Your Finger or Your Face as a Password; Microsoft says its next version of Windows will support biometric authentication: WSJ
• Leading IT Through Change, Not Buzzwords: WSJ
• GE Capital, Intel CIOs Create New Ways to Measure IT Business Value: WSJ
• Unbundling Pay-TV Brings New Questions; ‘Cord-Cutting’ choices grow, but questions for consumers, companies swirl: WSJ

Healthcare

• Holy Grail: Pain Pills Without the High; Drug firms try to find strong pain relievers that don’t invite abuse: WSJ

Consumer & Others

• P&G’s Possible Beauty-Unit Split Shows Industry’s Challenges: Bloomberg
• Does Organic Food Taste as Virtuous If It Goes Mass Market? Coke, General Mills, Kellogg woo consumers loyal to higher-priced organic food: WSJ