Bamboo Innovator Daily Insight: 27 Mar (Fri) – Commander of his stage: Lee Kuan Yew

Notice: The website AsianExtractor: Unearthing Accounting Fraud in Asia (www.AsianExtractor.com) is back online after seven days of technical problems.

Remembering Lee Kuan Yew

  • Singapore to Carry Forward Lee Kuan Yew’s Business-Friendly Legacy; Businesses say Lee Kuan Yew’s policies and philosophy will outlast the elder statesman: WSJ
  • Kuan Yew and I: Dr Mahathir Mohamad: AsiaOne
  • Lee Kuan Yew as the ultimate entrepreneur in 10 quotes: e27
  • Commander of his stage: Lee Kuan Yew: Economist
  • Lee Kuan Yew’s Bad Prescription for India: Bloomberg
  • A leader unfazed by politically sensitive questions: BT

Life

  • Stanford’s most popular class isn’t computer science-it’s something much more important; It’s called “designing your life” – by reintroducing methods of “forming you into the person that will go out into the world, effect change, and be a leader.” FastCo
  • Apple’s Tim Cook will give away all his money; “You want to be the pebble in the pond that creates the ripples for change”: Reuters
  • Apple’s Tim Cook leads different: Fortune
  • Here’s why successful people build careers like Leonardo da Vinci: BI
  • Hey, Leaders: Stop Thinking So Much and Just Do It: Strategy&
  • Who are the world’s best leaders? Why Obama isn’t on Fortune’s World’s Greatest Leaders list: Fortune, Fortune2
  • How this ‘night owl’ CEO created a morning routine that makes her a better leader during the day: BI
  • Munger: “What do you think a derivatives trading desk is? It’s a casino in drag. They make the witch doctors look good.”: Bloomberg
  • What Jeff Bezos did when this new Amazon employee made a huge mistake: BI
  • 5 surprising insights about Steve Jobs’s management style; “He didn’t care what the public thought of him. At times, he was surprised to have hurt someone’s feelings.”: Fastco
  • How sleep became a social justice issue: Fastco
  • ‘It’s OK If They Copy Us’: Google’s HR Chief On The Upside Of Giving Away Staffing Secrets: Forbes
  • The story of Polaroid: Behind the instant-photography pioneer there stood a great man: Economist
  • Towers of Babel: Is there such a thing as a skyscraper curse?: Economist
  • Milk and economic development: No use crying; The ability to digest milk may explain how Europe got rich: Economist
  • Meet the Father of Zero-Based Budgeting: Pete Pyhrr’s strategy reached the White House in 1970s, then almost disappeared; now Heinz, Kraft are adopting it: WSJ
  • 22 successful entrepreneurs share their best productivity hacks: BI
  • Rival Rothschild branches face court battle over family name: FT
  • Why Group Brainstorming Is a Waste of Time: HBR
  • The Five Key Reasons Why You Procrastinate: Forbes

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

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
  • Making Corruption Unsustainable in China: WSJ
  • Bank account difficulties turning business away from Hong Kong: SCMP
  • The devil, or Mr Wang: China’s second most powerful leader is admired and feared: Economist
  • China ramps up global manhunt for corrupt officials with operation ‘Skynet’; No escape’ for China’s corrupt cadres, as the country’s authorities widen scope of global manhunt to target accomplices and financing: SCMP
  • Car dealership behind downfall of FAW executives: WCT
  • Hotels in China get backing to refuse to falsify gov’t officials’ receipts: WCT
  •  Shrewd Smiles as Online Bankers Test New Tech; Alibaba is betting on biometrics as the next step for secure online financial transactions and bank account business: Caixin
  • China Bulls Adopt Price-to-Whatever Ratio as Equities Surge; Of Chinese exceptionalism and price-to-whatever ratios: Bloomberg. FT

India

  • Modi government puts brakes on India’s universal health plan, delaying a promise made in his election manifesto. Reuters

Japan & Korea

  • Japanese Robot Maker Fanuc Reveals Some of Its Secrets; Company helps make iPhones and Teslas; greetings in a canary yellow blazer: WSJ
  • Corporate governance in Japan: Fanuc stoops to conquer; A reticent robot-maker resolves to speak to its shareholders: Economist
  • Infovine chief accused of harming shareholders’ values by issuing “needless” bond warrants; “With that issuance, Kwon arranged to receive 70% of the newly issued warrants at a deeply undervalued price, resulting in dilution for shareholders”: KT
  • Panasonic Moving Toward Ambitious Targets, CEO Says; Steady progress being made as company diversifies: WSJ
  • Japan’s drift back toward deflation, two years after launching a radical monetary policy experiment to cure the affliction, underscores the continuing difficulties in pulling the world’s third-largest economy out of its long slump: WSJ
  • Panasonic to open patents to speed development of ‘Internet of Things’; Japan’s Panasonic gears up to spend 1tr yen on acquisitions: JT, SCMP
  • Hanssem founder donates W440 bil. to nurture future leaders: KT
  • Japan Shows Rising Frustration With Companies Sitting on Cash: Bloomberg

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
  • Startups in Myanmar: Land of temples and tech; The startup culture germinates in an unlikely place: Economist
  • Thais smile through gritted teeth for China’s tourists: Reuters
  • Can Jokowi Get Indonesia Moving?: JG
  • The Rise of Southeast Asia, Seen in a Bottle of Scottish Whisky: Bloomberg
  • WeChat Makes E-Commerce Push to Serve Growing Users in Indonesia: JG
  • BlackBerry Classic Hits Indonesia, a One-Time Stronghold: JG
  • Why Bloomberg Loves Indonesia, having seen its business grow by double digits with more banks, mutual funds and corporate treasuries signing up for its dealing platform. JG
  • 1MDB owes RM5bil to local financial institutions, says Government: TheStar
  • Singapore’s success puts global spotlight on its corporate leaders: BT

Macro

  • Pre-empting the next crisis: Regulators’ desire to make banks easy to kill is determining how they live: Economist
  • Firm beliefs: “Asian” corporate values seem to be making a comeback-but appearances are deceptive: Economist
  • These Are 2015’s “Black Swans” According To SocGen: ZH
  • “Profound Shift In Liquidity Risk” May Imperil Market Function, New Report Says: ZH
  •  What Would Happen If ETF Holders Sold All At Once? Howard Marks Explains: ZH
  • Are Index-Fund Investors Smarter?: WSJ
  • Hedge Funds: Don’t Call Us a Hedge Fund; Managers are distancing themselves from the moniker: WSJ
  • “Smart Beta” Could Come Under Regulatory Scrutiny: VW
  • These Are 2015’s “Black Swans” According To SocGen: ZH
  • “Profound Shift In Liquidity Risk” May Imperil Market Function, New Report Says: ZH
  • What Would Happen If ETF Holders Sold All At Once? Howard Marks Explains: ZH
  • As Dollar Heats Up Overseas, U.S. Manufacturers Feel a Chill: NYT
  • Asia’s Middle Class Growth Is a Mixed Blessing: JG
  • Asia’s Middle Class Growth Is a Mixed Blessing: JG

Energy & Commodities

  • Oil Companies Reap Large Gains After Cashing In Hedging Bets: WSJ
  • Fortescue Metals Group: worthless or worth holding on to?: TheAge

Healthcare

  • Contact Lens Makers and Discounters Tussle Over Price Setting: NYT

TMT

  • How Facebook Plans To Turn Shopping Into Texting: Fastco
  • Sam Altman: Why Hardware Could Yield the Next $10 Billion Startups: WSJ
  • Your phone on steroids: With 5G mobile, wireless will go even faster than fibre: Economist
  • Small drones need to fly free of human operators. Insects suggest to engineers how that might be done: Economist
  • Hacking the hackers: Automating the search for loopholes in software: Economist
  • Mobile services: The message is the medium; Messaging services are rapidly growing beyond online chat: Economist
  • Vice Media, the Web-video upstart whose edgy content has drawn investors and millennial viewers, took a major step toward its goal of becoming a mainstream television outlet, announcing a multiyear agreement with HBO. WSJ
  • Kickstarter Spotlight Gives Project Creators Better Post-Funding Storytelling Tools: Techcrunch
  • Steller Storytelling App Gets A Huge Makeover: Techcrunch
  •  Parrying the Latest Predictions of Facebook’s Demise: NYT
  • Vice Media, the Web-video upstart whose edgy content has drawn investors and millennial viewers, took a major step toward its goal of becoming a mainstream television outlet, announcing a multiyear agreement with HBO. WSJ

Consumer & Others

  • How Maine Bootmaker L.L. Bean Became Fashion’s Hottest Company: Forbes
  • Balance of Power Shifts in Groceries: Natural, organic foods from small producers muscle in on big names: WSJ
  • Diet Coke Loses Position as No. 2 Soda in U.S. to Pepsi-Cola: WSJ
  • Warren Buffett Has Stepped on Some Toes in His Long Dance With Kraft; “These are brands that I liked 30-plus years ago, and I like them today. And I think I’ll like them 30 years from now.”: WSJ
  • UK’s biggest plastic milk bottle recycler on brink of collapse; Chairman of Closed Loop Recycling admits company is nearing administration as it feels dual effects of oil price drop and supermarket price war: Guardian
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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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