Bamboo Innovator Daily Insight: 19 Mar (Thurs) – An Ancient Civics Lesson: How Athens and Rome empowered the poor; China’s debt situation is genuinely scary-and getting worse

Notice: The website AsianExtractor: Unearthing Accounting Fraud in Asia (www.AsianExtractor.com) is down on technical issues and we are trying to resolve the problem asap.

Life

  • How to Build a Strategy for ‘the Long Game’: K@W
  • An Ancient Civics Lesson: How Athens and Rome empowered the poor. NYT
  • A Dozen Things I’ve Learned from David Tepper about Investing: 25iq
  • Interview with Marc Cohodes: Famous short-seller shares his favorite ideas/managers and life lessons: FirstAdopter
  • When you’re building a new company, getting the word out is critical. WSJ
  • PowerPoint Karaoke Brings Stress Relief to Silicon Valley’s Embattled Office Workers: WSJ

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’s debt situation is genuinely scary-and getting worse: Quartz
  • Tribunal begins hearing case of short-seller who alleged developer Evergrande was insolvent; Evergrande gets $16 billion credit line bailout on March 17 to shore up one of the country’s largest and most heavily indebted home builders: SCMP
  • Li Ning reports loss of 781 million yuan as founder takes reins: SCMP
  • Hong Kong-linked company appears on Thai SEC alert list for conducting securities and derivative business without a licence from the commission. SCMP
  • Yahoo Pulls the Plug on China Operations; Internet giant lays off 200-300 employees and closes Beijing research center: WSJ
  • CKH Holdings shares rise as reorganisation begins: SCMP
  • Starbucks partners drinks maker Tingyi to expand in China: Reuters

India

  • Metropolis’ Chain of Diagnostics Labs Pushes for Growth Across India and Africa: Forbes
  • Inside India: India’s Fight Against Big Pharma Patents Is a Just War: WSJ

Japan & Korea

  • Former Posco Group Chairman Chung Joon-yang allegedly invested some trillions of won in questionable mergers and acquisitions during his term; Posco probe shifts to its subcontractors: JA1, JA2
  • Lotte Group’s shopping subsidiary is being investigated for allegedly creating a slush fund, prosecutors said: KT
  • Japan’s Accounting Problem: PS
  • These Japanese Engineers Invented $7,900 Bike Wheels: Bloomberg
  • Father Fights to Oust CEO Daughter From Japan Furniture Chain: 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
  • Share manipulation scheme unveiled? Ex-staffer behind selling of Civmec shares? BT
  • When 28% shareholding is a majority at an AGM… When only 55 per cent of issued shares are voting, which is the average at general meetings by Singapore-listed companies in 2014: BT
  • How Singapore’s Lifebrandz lost its shine: AsiaOne
  • Singapore tries to imagine a future without its founder, Lee Kuan Yew: WaPo
  • Thai former PM Yingluck to face trial over rice scheme: court: AsiaOne
  • Thailand’s outdated tech sector casts cloud over economy: Reuters

Macro

  • Review Of SEC Enforcement Developments In 2014, And A Look Forward: WilmerHale
  • In Praise of Short Sellers: Newyorker
  • The Nonprofit Behind Billions in Mortgage Aid Is a Mess: Bloomberg
  • Paris Ghetto With Views But No Jobs Shows Decades of Failures: Bloomberg
  • Life After Loopholes Forces Luxembourg to Rethink Its Future: Bloomberg
  • Hedge fund guru Crispin Odey says following China could lead to recession: SMH
  • Federal Reserve decision: Fed signals that higher interest rates are coming: WaPo
  • Asia can grow by learning from itself: ChinaPost
  • Germany’s Mittelstand bond market is being overhauled in an effort to improve transparency for investors following a reputation-damaging wave of defaults and insolvencies. FT
  • Negative gearing: a legal tax rort for rich investors that reduces housing affordability: Guardian
  • Stanford Endowment Pauses Plan for Asia Office: WSJ
  • Investors Raise Alarm Over Liquidity Shortage; Regulators also worried falling trading volumes could disrupt markets: WSJ
  • Are emerging markets about to suffer another ‘taper tantrum’?: SCMP
  • Here Is Why The Fed Can’t Hike Rates By Even 0.25%: Zerohedge

Energy & Commodities

  • Mining companies shedding jobs by the thousands: TheAge
  • The New Equation for Oil Prices: WSJ
  • Banks Struggle to Unload Oil Loans; Citigroup, Goldman, UBS and others face losses as investors balk at riskiness of energy sector: WSJ

TMT

  • Could Apple become the next Comcast? WaPo
  • The rise of the ecommerce enablers; With the ecommerce market booming, ancillary firms that provide logistical support from payments to delivery are becoming an investor destination: Forbes
  • Robots rub shoulders with human buddies: FT
  • Internet of Things means never having to search again: Fortune
  • What StoryCorps should do next; Text would be the logical next move for the audio storytelling phenomenon. Google and Microsoft could help. Fortune
  • Tim Cook: It’s critical that Apple do everything it can to stay informal. Fortune
  • LVMH’s Tag Heuer surfs wave of smartwatch partnerships: Reuters

Healthcare

  • Bill Gates on a global epidemic: ‘Time is not on our side’: Fortune

Consumer & Others

  • Cotton On tells staff to keep it real or face the sack; Since being created in 1991, Cotton On has grown rapidly with more than 1300 stores and offices around the world. TheAge
  • From Paris, the Anti-Tesla That Costs 20 Cents a Minute: Bloomberg
  • Starbucks will test delivery services in New York, Seattle this year: Fortune
  • What Is Coke CEO’s Solution for Lost Fizz? More Soda; Despite changing consumer tastes, Muhtar Kent pushes strategy to sell more cola: WSJ
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About bambooinnovator
KB Kee is the Managing Editor of the Moat Report Asia (www.moatreport.com), a research service focused exclusively on highlighting undervalued wide-moat businesses in Asia; subscribers from North America, Europe, the Oceania and Asia include professional value investors with over $20 billion in asset under management in equities, some of the world’s biggest secretive global hedge fund giants, and savvy private individual investors who are lifelong learners in the art of value investing. KB has been rooted in the principles of value investing for over a decade as an analyst in Asian capital markets. He was head of research and fund manager at a Singapore-based value investment firm. As a member of the investment committee, he helped the firm’s Asia-focused equity funds significantly outperform the benchmark index. He was previously the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. KB has trained CEOs, entrepreneurs, CFOs, management executives in business strategy, value investing, macroeconomic and industry trends, and detecting accounting frauds in Singapore, HK and China. KB was a faculty (accounting) at SMU teaching accounting courses. KB is currently the Chief Investment Officer at an ASX-listed investment holdings company since September 2015, helping to manage the listed Asian equities investments in the Hidden Champions Fund. Disclaimer: This article is for discussion purposes only and does not constitute an offer, recommendation or solicitation to buy or sell any investments, securities, futures or options. All articles in the website reflect the personal opinions of the writer.

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