Bamboo Innovator Daily Insight: 20 Mar (Fri) – Speak Honestly, Lead Honorably; Tim Cook on Apple’s future: everything can change except values

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

• Speak Honestly, Lead Honorably: Strategy&
• The Intangible Corporation: Bloomberg
• The difference between commitment and technique; Great teachers teach commitment. SethGodin
• Five Ways Your Financial Adviser Can Screw Up Your Retirement, Legally: Bloomberg
• Why positivity is the worst response to a problem: FastCo
• College for a New Age: NYT
• Today’s Anxious Freshmen Declare Majors Far Faster Than Their Elders; Weak job market and high debt loads prompt broad shift away from intellectual exploration; “People don’t go to college anymore to be fulfilled or to gain life perspective”: WSJ
• The business of business: An old debate about what companies are for has been revived: Economist
• The revolution that could change the way your child is taught: Guardian
• Leighton to change name to CIMIC in wake of corruption allegations, shedding an Australian brand that has existed for more than 60 years: TheAge
• The grim reality of start-ups: 95 per cent fail: TheAge
• There is widespread “mischief” and even “abuse” in how financial services firms treat a key system for detecting misconduct, ASIC says. TheAge
• Productivity guru David Allen shares his 3 best tricks for saving time: BI
• A poster boy for dogged resilience: Gyr King rebuilt his art prints business after a fire but advances in technology require constant vigilance: FT
• 12 Habits of Exceptional Leaders: Forbes
• The World’s Most Ethical Companies 2015: Forbes

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 Tells Internet Firm Ex-Boss, under investigation for alleged securities rules violations, to come back to the country as it seeks to avert a second corporate default in the onshore bond market. Bloomberg
• CVC Capital has secured a court order freezing the assets of a flamboyant Chinese restaurant owner who sold a majority stake in her company to the European private equity group last year for $300m. FT
• Chinese Firms Shift Investment From Mines to Trophy Assets; head of China’s mining association estimated that 80% of all overseas mining deals had failed: WSJ
• The Great Chinese Car Casino: Bloomberg
• Aberdeen Sees Bubble Valuation in China Stock-Market Leaders: Bloomberg
• Xiaomi Widens Smart-Home Push to India With Air Purifier: Bloomberg
• Will that be all, sir? Butler business booms in China: AsiaOne
• SFC outlines conditions for dual-share listings: SCMP
• China’s Anti-Corruption Agents Knock Again on PetroChina’s Door: Bloomberg
• China Needs More Creativity As it shifts from being the world’s factory to a source of innovation: Bloomberg
• HK SFC chairman Carlson Tong Ka-shing said a “sunset clause” could be considered should there be any change to the “one share, one vote” principle the first time the watchdog has expressed any willingness to alter the mechanism: Standard
• In Wake Of Kuaidi-Didi Merger, Uber Faces An Even Tougher Battle In China: Forbes
• Salvatore Ferragamo, the Italian fashion house, said it had blocked, seized or destroyed more than 100,000 fake products in a “fierce global battle against counterfeiting” focused on China and the internet. FT
• No Gain Without Pain for China’s Flabby SOEs; The urge to reform state-owned enterprises is at risk of waning as Beijing focuses on bolstering growth.: Barron’s
• Bacardi Launches Tea-Distilled Liquor in China; Spirits maker to sell ‘Tang,’ a light-green alcohol made from green tea leaves, in upscale restaurants: WSJ
• What’s Wrong With China’s Army?: Bloomberg
• For Hong Kong, a chill sets in as rich China tourists shop elsewhere: Reuters

India

• Indian Companies Look to Wives to Fill Female Board-Member Requirement: WSJ
• Modi Sees Shiny Cities in India’s Future: NYT
• India’s troubled opposition: The son also disappears; Congress, the party that long defined Indian politics, is in free fall: Economist
• Paper planes, parents help Indian pupils outsmart state exams: AsiaOne
• 5 Indian Bottom of Pyramid-focussed tech startups you should meet: e27
• The stalled Alibaba-Snapdeal deal is proof India’s e-commerce valuations are insane: Quartz
• Corruption might hinder ‘Make in India’: Deloitte’s James Cottrell: Forbes
• India Tackles Messy Web of Sales Taxes; Single levy would replace wildly varying regimes that snarl shipments in red tape: WSJ
• Modi Sees Shiny Cities in India’s Future: NYT

Japan & Korea

• LG CEO vows to step up innovation; Tech giant aims to be No. 1 in global home appliance market: KH
• Expensive Korean stocks come under pressure to split: KH

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
• Bursa Securities raps, fines remisier RM312,000 for manipulation in numerous counters/securities. theStar
• Asia ’98 Recalled as Currency Losses Engulf Top-Ranked Singapore: Bloomberg
• Myanmar military to maintain political role, president says: Reuters
• Chang Beer maker debuts 30 cent tea: Nikkei

Macro

• SEC Joins Battle on Broker Bias That Could Remake Industry: Bloomberg
• Sri Lanka PM seeks probe into stock market’s insider trading: AsiaOne
• SEC Whistleblower Retaliation Push Could Face Challenge: WSJ
• How an Ex-Moore Trader Got Caught in the Most Complicated Insider Trading Investigation in British History: bloomberg
• Bitcoin Scammers Run Off With $12 Million: “Going to The Caribbean. Hope You Guys Understand”: Zerohedge
• America’s Hispanics: From minor to major; One American in six is now Hispanic, up from a small minority two generations ago. By mid-century it will be more than one in four. Have faith in the melting-pot: Hispanic-America’s rise is a tremendous opportunity: Economist1, Economist2
• Attack of the bean-counters: Lawyers beware: the accountants are coming after your business: Economist
• The Algosaibi affair: A Saudi saga; Six years on, the claims arising from a huge corporate scandal in the Gulf are still being fought over: Economist
• The war against Islamic State: The caliphate cracks; Though Islamic State is still spreading terror, its weaknesses are becoming apparent: Economist
• Mismatch point: The rise of the dollar will punish borrowers in emerging markets: Economist
• Notaries: The princes of paperwork; A highly regulated profession fights to preserve its privileges: Economist
• A leap in the dark: How will investors react to America’s first rate increase in nine years?: Economist
• The role of government bonds as an asset class is changing: Economist
• Debt-ridden emerging markets are heading for a nasty dollar hangover: Economist
• Quicksilver markets can catch out the unwary; Charts imply that equities are in bubble territory comparable to patterns in 1929, 2000 and 2007: FT
• How Foreigners Became America’s Financial Regulators: WSJ

Energy & Commodities

• In a World Awash With Crude Oil, Storage Companies Are Kings: Bloomberg
• Why Shale Producers Still ‘Pump and Pray’: Bloomberg
• No Relief Seen for Malaysia’s Energy Stock Drop on Earnings: Bloomberg
• Non-U.S. Shales Prove Difficult to Crack; Exxon, Shell and others are pulling back from once-promising shale finds in Europe, Asia: WSJ

Healthcare

• New Hope for Stroke Boosts Demand for Device to Nab Clots: Bloomberg
• Scientists Seek Ban on Method of Editing the Human Genome: NYT
• Big Pharma Needs to Get Busy in the Lab; Blanket generalizations about biotech firms being more efficient are unfounded. WSJ
• U.S. Recovers $3.3 Billion in Federal Health-Care Fraud; Obama administration steps up efforts to prevent Medicare fraud, not just uncover it: WSJ

TMT

• Tim Cook on Apple’s future: everything can change except values: FastCo
• 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
• How The Netflix Model Can Screw Filmmakers: Forbes
• Tag Heuer, Intel challenge Apple with Android smartwatch: Reuters
• Fifty-seven million Latinos are a mighty market for the media: Economist
• “VIACOM is me. I’m Viacom. That marriage is eternal, for ever,” Sumner Redstone, a media mogul, once said about his firm. “For ever” is a relative concept. In May Mr Redstone will turn 92: Economist
• The log-on degree: College in America is ruinously expensive. Some digital cures are emerging: Economist
• Mobile payments: Unfriending cash; Facebook enters the booming market for mobile payments: Economist
• Founder Wang takes over as CEO as Taiwan’s HTC seeks turnaround: Reuters
• Tim Cook explains how Apple decides which new products to work on next: BI
• How Tim Cook implants Apple’s culture into new employees: BI
• Internet TV: the cord cutters bringing some sanity to US viewing: FT
• This company dominates the virtual reality business, and it’s not named Oculus: Fortune

Consumer & Others

• Under Armour Is the NCAA Tournament’s Real Cinderella Story: Bloomberg
• Spicy Chicken Billionaire Springs From South Africa With Nando’s: Bloomberg