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