Bamboo Innovator Daily Insight: 24 Mar (Tues) – The World Loses A Wise Voice During Troubled Time; Lee Kuan Yew made Singapore an economic powerhouse, demonstrating that the key is creating an environment in which human ingenuity can thrive

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Remembering Lee Kuan Yew

• The World Loses A Wise Voice During Troubled Time; Lee Kuan Yew made Singapore an economic powerhouse, demonstrating that the key is creating an environment in which human ingenuity can thrive: Forbes
• Henry A. Kissinger: The world will miss Lee Kuan Yew: WaPo
• Can-Do Lee Kuan Yew: NYT
• What Would Lee Kuan Yew Do?: NYT
• Singapore’s Evolution: Lee Kuan Yew astutely evaluated any political or economic dogma that ran counter to his goals. WSJ
• Lee Kuan Yew and Tongil rice; ‘When the farmers are full, that’s the end of Communist revolution.’ – Lee Kuan Yew: JA
• The city state of Singapore braces itself for challenges to come; Political rumblings in Singapore can be heard, writes Kishore Mahbubani: FT
• In China and West, contrasting views on legacy of Singapore’s patriarch: WaPo
• Lee Kuan Yew’s Mixed Legacy in Singapore: NYT
• China’s Love of Lee’s ‘Singapore Model’ Ran Deep for Decades : Bloomberg

Life

• 17 of our favorite Steve Jobs quotes from the new book about his life: BI
• The CEO of Popeyes says becoming a ‘servant leader’ helped her turn around the struggling restaurant chain: BI
• People are turning to education for entertainment, whether from online lectures, learning vacations or television, for the love of learning new things and to stay economically viable.: NYT
• 6 Leadership Failures That Put Your Company at Competitive Risk: Forbes
• How Atari’s Nolan Bushnell turned down Steve Jobs’ offer of a third of Apple at $50,000: TheAge
• A Manifesto for Makers: The maker ethos is not unlike that of the athlete and can be found in faraway Russia or the local Maker Faire, says veteran engineer Lee Felsenstein.: EE
• The top 10 words of TED2015: TED
• University reforms will lead to new beatnik generation as students shun the hard degrees: Mark Carnegie: BRW
• Warren Buffett: Berkshire’s success has almost everything to do with being based in the US: BI
• The best lessons from ‘Art of War,’ a book Evan Spiegel bought Snapchat employees when he felt threatened by Facebook: BI
• Billionaire designer Tory Burch shares the best advice she ever got: BI
• 10 Principles of Organization Design: These fundamental guidelines, drawn from experience, can help you reshape your organization to fit your business strategy.: Strategy&

Books 

• Do the KIND Thing: Think Boundlessly, Work Purposefully, Live Passionately: Amazon, FT
• Reading List of Keith Rabois: Medium
• Review: ‘The Second Curve’ by Charles Handy: FT

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
• Iceberg: ‘Not the first time we acted as whistleblower against Noble’; “Had the MPA acted on the information sent to them, this high-profile bankruptcy OW Bunker… could certainly have been avoided.”; “Iceberg’s research is based on public information released by Noble themselves. We consulted our lawyer and we are extremely confident.”: BT

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 Kaisa will die soon if creditors “do not cooperate,” Sunac warns: SCMP
• Offshore yuan bond yields hit record high as China default risk weighs: SCMP
• Citic’s Trapped Value Proves Hard to Unleash; Citic might seem like a bargain. But the value in China’s largest conglomerate is trapped in a complex web. WSJ
• Citic Ltd confirms $2.5bn hit from Australian iron ore venture: FT
• China’s Internet Boom Starts to Fade; Half of the 14 Chinese dot-coms that debuted in the U.S. last year are now trading below their initial sale prices. : Bloomberg
• China University Deal Spree Exposes Zhao as Chip Billionaire: Bloomberg
• Hong Kong regulator feels heat over decision on dual-class shares: FT
• Lessons from the crisis: Will China open the broking floodgates to banks?: SCMP
• China’s Amazon? Tencent and Shanda to merge online publishing and eBook services: SCMP
• Video site Le Shi to grab in-car screens in partnership with Chinese carmarker: SCMP

India

• Pride, patriotism and the baffling politics of Indian place names; It is surely a sign of insecurity to dictate how a word is spoken by people in their own language: FT

Japan & Korea

• Heads of big Korean companies continue stepping down: Maeil
• AmorePacific chief dreams big for beauty empire: KH
• Who are the oldest superrich in Korea?: KH
• Yamaha’s third attempt at cars will be worth the detour: FT

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
• Singapore is stepping in to help in the widening controversy over 1MDB, Malaysia’s heavily indebted development fund, as the city-state’s regulator adds its muscle to the high-profile probe into the entity: FT
• Indonesia to withdraw local language plan for foreign workers: Reuters

Macro

• For Money Managers, a Daily Search for Trouble; With the collapses of 2000 and 2008 fresh in their minds, stock pickers scour markets for signs of problems: WSJ
• Moody’s warns on EM dollar finance costs; Emerging markets countries that took advantage of low cost dollar finance to expand their pools of external debt are facing intense pressure, according to Moody’s.: FT
• Six Degrees of Separation Explain the Global Trade Pain to HSBC: Bloomberg
• Pension Funds Seek Shelter From Dollar’s Rise; Overseas Investments Lead Funds to Get Protection: WSJ
• “Record Corporate Cash And Profitability” Are Lies: Here Is The Truth: Zerohedge
• Illiquid Corporate Bond Market Will End In “Very Unpleasant Fashion”: Zerohedge
• 7 Ways Private Equity Is Gaming Your Pension: Bloomberg
• European Banks Seen Offloading $109 Billion of Bad Debt in 2015: Bloomberg

Energy & Commodities

• Shipowners must consolidate to survive downturn, says Wilbur Ross: FT

TMT

• How ‘Unicorns’ Became Silicon Valley Companies: WSJ
• Clash of Clans maker Supercell triples sales: FT
• Silicon Valley’s bubble is about to burst, says Sequoia’s Moritz: Fortune
• Scientists have learned how to construct materials that bend waves of light, sound and seismic energy, and are working on applications that may transform industries.: NYT
• Online ad revenue at risk in war on ‘click fraud’: Reuters
• Zulily Nips Business Model in the Bud; ‘Flash sale’ retailer concedes need to keep inventory on hand to speed up shipment: WSJ
• Tech Startup Bubble Has America’s Retirement Funds Chasing Unicorns: Zerohedge
• IBM to share technology with China in strategy shift: CEO: Reuters
• Analyst Predicts Apple Will Hit a $1 Trillion Market Cap: Bloomberg

Healthcare

• Faster FDA Spurs Cancer Breakthroughs: Bloomberg
• Health Care Systems Try to Cut Costs by Aiding the Poor and Troubled: NYT
• Nearly 75% Of Biotechs Have No Earnings: Zerohedge
• Biotech Behemoth Gilead In Trouble After Flagship Drug Related Death; Gilead Warns After Hepatitis Patient on Heart Drug Dies: Zerohedge, Bloomberg
• Drug-resistant TB threatens to kill 75 million people by 2050, cost $16.7 trillion: Reuters

Consumer & Others

• Tesco potentially faces a huge lawsuit over ‘permanent destruction of value to shareholders’: BI
• Propercorn: founders’ hunch about a healthy munch: FT
• With New Nonstick Coating, the Wait, and Waste, Is Over: NYT