Bamboo Innovator Daily Insight: 6 Apr (Mon) – How to Ruin Your Company with One Bad Process. The Two Mindsets and the Power of Believing That You Can Improve; Because your view of yourself can determine everything

Life

• How to Ruin Your Company with One Bad Process: Bhorowitz
• The Two Mindsets and the Power of Believing That You Can Improve; Because your view of yourself can determine everything: Time
• Antifragile: A Definition: Farnam
• The Search for Anti-Mentors; “a 21st century Stoic will be on the lookout for anti-mentors, people who are making important mistakes in how they are living. Such individuals can offer the Stoic valuable lessons on what not to do if he wishes to have a good life: Farnam
• Five Techniques to Improve Your Luck: Farnam
• How Criminals Built Capitalism: Bloomberg
• Jesus the great debt-eliminator: TheAge

Investing Process

• China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter in RMB127m unsecured and interest-free advances to sub-contractor raises more questions on potential accounting tunneling risk: AsianExtractor
• 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
• Dozen Things I’ve Learned from Lou Simpson About Investing and Business: 25iq

Greater China

• China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter in RMB127m unsecured and interest-free advances to sub-contractor raises more questions on potential accounting tunneling risk: AsianExtractor
• 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 richest man denies manipulation of stock price; “Controlling shareholders’ intentional manipulation of the stock prices did not exist”: Xinhua
• China Cloud Live Tech Bonds Expected To Default Tuesday. The expected default could be the first failure to repay bond principal in the history of the People’s Republic of China: Forbes
• China’s securities watchdog disciplines six more brokerages for violating margin trading rules: SCMP
• Chinese taxi drivers attempt suicide to protest the government’s heavy-handed cab monopoly: Quartz
• Flawed investment strategy leads to failure of Hongqi sedans: WCT
• Decoding Xiaomi’s diversified supply chain: WCT
• Beijing gears up to trim mounting debts: WCT

Japan & Korea

• Toshiba Drops Most Since 2012 After Accounting Probe; panel formed to examine the “reasonableness of estimates” when using the percentage-of-completion accounting method for some projects: Bloomberg
• Sharp Surges as Company Seeks Support for Spinoff of part of its liquid-crystal display business. Bloomberg

ASEAN

• China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter in RMB127m unsecured and interest-free advances to sub-contractor raises more questions on potential accounting tunneling risk: AsianExtractor
• 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
• World’s Most-Loved Property Stocks Tap Indonesian Building Boom: Bloomberg
• An energy company operating in Australia transferred more than $11 billion to the low-tax jurisdiction of Singapore in a single year, heightening concerns that Australia is being duped by tax-minimising multinationals. TheAge
• Logistics Spin-Off Poslog Shakes Up the Mail Sack; The story of how Telkomsel, a subsidiary of state-owned company Telkom, leap-frogged over its parent company, a traditional land-line communications provider, to become the nation’s leading cellular provider is the dream of every company. JG

Macro

• Once Over $12 Trillion, the World’s Reserves Are Now Shrinking: Bloomberg
• World Bank’s private-sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries: SCMP
• The ‘Hyundaization’ of the Global Arms Industry; The rapid spread of cheaper but good-enough weaponry poses a serious threat to U.S. military dominance.: WSJ

Energy & Commodities

• Recycling Becomes a Tougher Sell as Prices Drop; The fall in oil prices has dragged down the price of virgin plastic, erasing recyclers’ advantage: WSJ

TMT

• The battle of the robo-advisers heats up: Reuters
• Burn Rate Doesn’t Matter??: Techcrunch
• Amazon’s Drones Exiled to Canada; Refusing to move at the speed of bureaucrats, an impatient Jeff Bezos heads north of the border. WSJ
• Why the Time Isn’t Ripe for Smartwatches; Wearable devices are expected to evolve quickly over the next few years: WSJ

Healthcare

• France’s 2nd artificial heart recipient says ‘recovered’: AsiaOne
• European Biotech’s American Dream; Companies on the Continent are finding richer rewards by listing their shares in the U.S.: WSJ
• Medical costs in Korea soar as aging society looms: JP

Consumer & Others

• Cheaper luxury goods could be on the way in Asia as wealthy Chinese look further afield: SCMP
• Health drive whets drink industry’s thirst for sugar alternative: FT
• Shortage of suppliers takes shine off accelerating motor industry: FT