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Bamboo Innovator Daily Insight: 23 Mar (Mon) – Mr Lee Kuan Yew was committed to a cause greater than himself: President Tony Tan; 穿越旷野的风 您慢些走 新加坡的夜 那么静那么静 连风都听不到听不到

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.

Remembering Lee Kuan Yew

  • Mr Lee Kuan Yew was committed to a cause greater than himself: President Tony Tan: TODAY
  • LKY: The economic pragmatist; He was a man unafraid to challenge the popular ideologies of the day; he had no truck with dogma. Right up to the end of his life, LKY believed in constantly adapting to the hard realities of a changing world: TODAY
  • Singapore After Lee Kuan Yew: Future Is Uncertain For The Utilitarian Paradise He Created: Forbes
  • Lee Kuan Yew: China watcher who offered Beijing a model: FT
  • The great persuader: He did not crave to be popular; rather, Mr Lee Kuan Yew sought to persuade people to see his point of view. TODAY
  • After Lee, Singapore Needs a Rethink: Bloomberg
  • An Expat Ponders Lee Kuan Yew’s Legacy & Asks: Is the Singapore Model Scalable?: WSJ

Life

  • Dyson invests £12m to create new engineering school; The Dyson School of Design Engineering, based in South Kensington, has been set up to address the ‘dearth’ of UK engineers: Telegraph
  • Stop waiting for the muse to arrive and make something new; Creativity tips from tech entrepreneur Kevin Ashton: FT
  • Goethe’s Aphorisms: Farnam
  • Speeches – Ten Rules to Utilize: Farnam

Books

  • Seuss-isms! A Guide to Life for Those Just Starting Out…and Those Already on Their Way: Amazon, Farnam

Investing Process

  • 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
  • Conglomerates are not built equally: They offer diversified earnings streams, but can be complex and prone to value destruction: BT
  • Buffett says ‘sprawl’ is good, but may not be good enough; “Berkshire is now a sprawling conglomerate, constantly trying to sprawl further. In an operating sense, Berkshire is not a giant company, but rather a collection of large companies”: Reuters

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
  • Getting Fugitives Back to China ‘Requires Better Evidence-Collecting Skills’: Caixin
  • China’s Coming Education Crisis: WSJ
  • China Seeks to Develop Global Seed Power; Beijing looks to defend home market against foreign makers like Monsanto and DuPont: WSJ
  • Stricken China steel mills look to state to ease exit strategy: Reuters

India

  • Rajan backs removal of central bank’s debt powers: Reuters

Japan & Korea

  • Former POSCO executive arrested; Prosecutors digging deeper into slush fund scandal: KT
  • Korea’s struggle to create its own Silicon Valley: KH
  • The ‘candle effect’: Why Koreans splurge on small home decor items: AsiaOne

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
  • OJK has announced plans to ban members and affiliates of political parties from being appointed directors and commissioners to banks, in order to prevent possible conflicts of interest. JG
  • Asia’s About to Spawn a New Tiger Economy: Good Morning, Vietnam: Bloomberg
  • Addressing last mile e-commerce logistics, payment issues in Indonesia: e27
  • Myanmar social media platform to float on UK’s Aim: FT

Macro

  • Currency hedging takes on new importance for global stock funds: Reuters
  • No Risk Too Big as Traders Plot Escape From Negative Yields: Bloomberg
  • Global fund managers warn of a bond bubble: FT
  • At Annual Meetings, 70 Is the New 50: Study: WSJ
  • Regulators Missed Chance to Block Bad Deals; States failed to detect potential problems with Burns deals preceding collapse of the young financier’s empire: WSJ

Energy & Commodities

  • Monday interview: Andrew Mackenzie, BHP Billiton CEO; The world’s most valuable mining company is on the verge of a radical corporate simplification: FT

Healthcare

  • How Biogen scored the most successful Alzheimer’s drug so far: Fortune
  • Big Pharma’s Unfamiliar Biosimilar Threat; Drug payers have a potent new weapon to lower prices: WSJ
  • The Promise and Challenge of Health Analytics: WSJ

TMT

  • Dizzying Pre-IPO Tech Values Spurred by Rush of Hedge-Fund Money: Bloomberg
  • Inside the challenges of transforming an eBay side hustle into a million dollar business: FastCo
  • Taiwanese companies vie for wireless charging market: WCT
  • Disney’s $1 billion bet on a magical wristband; The Magicband wields access to the park, replacing virtually every transaction you’d make inside. Wired
  • Chutzpah Lessons From The Israeli Startup Scene: Techcrunch
  • How Steve Jobs reacted when a top Apple executive left for a competing company; It only took about four seconds for Jobs to call Rubinstein after he sent that email: BI
  • Apple and Google stake a claim on big pharma’s turf: FT

Consumer & Others

  • Coffee shop kings: Brits prefer Greggs to Starbucks; Greggs’ transformation from bakery to coffee shop is working wonders: a new survey shows that Britons prefer Greggs to Caffè Nero, Costa and Starbucks: Telegraph
  • How Adidas Aims to Get Its Cool Back: 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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