Bamboo Innovator Daily: 25 May (Mon) – 4 Rituals To Keep You Happy All The Time

Life

• 4 Rituals To Keep You Happy All The Time: Barker
• “The power of a mentor is to see the full abundance that resides within our children and to build a bridge for our children to see it in themselves”; Yogi Berra’s Best ‘Yogi-ism’ Was a Profound Act of Kindness: WSJ
• Elon Musk on How to Tell if People Are Lying: Farnam
• The Jingle Geniuses Making Millions Writing Music For Ads, Reality TV; The Jingle Punks make millions writing music for commercials, reality TV, and “literally anything” that needs a tune: Bloomberg
• From the archives: Nash’s Nobel prize; The Economist’s coverage on the award of the Nobel prize for economics to John Nash in 1994: Economist
• Lucy Kellaway: I would rather shine shoes than be a banker: FT
• The New Dictators Rule by Velvet Fist; Today’s dictators use propaganda, censorship and relatively little violence: NYT

Investing Process

• Li Hejun, the solar tycoon and controlling shareholder in Hanergy, took a US$200m loan pledging millions of shares in the HK listed company as collateral just two days before its share price crashed: FT
• Hanergy boss Li Hejun had doubled short position over six months before shares plunged: SCMP
• Showing discipline when investing: BT

AsianExtractor: Unearthing Accounting Fraud in Asia

• Detecting Accounting Fraud in Asia (Part 4): Introducing Six New Measures: AsianExtractor
• Sihuan (460 HK) Updates on Audit Delay: Improper accounting treatment in consolidation trick of using MRAs (Market Research Agents) to exclude hidden sales and distribution expenses to artificially boost profits: AsianExtractor
• China Environment FY2014: Significant Deterioration in Receivables Collectability And No Provision for Impairment: AsianExtractor
• China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter 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
• Does Auditor Explanatory Language in Unqualified Audit Reports Indicate Increased Financial Misstatement Risk? “Emphasis of matter” language predicts restatements + China Environment’s Auditor Emphasis
• of Matter: AsianExtractor

Greater China

• Is China’s government up to the task of promoting innovation? SCMP
• Alibaba’s latest gambit in fighting fakes: foster local brands: Reuters
• Activist hedge funds have HK family-run banks in their sights : SCMP
• Yunnan tycoon’s son comes home to turn orchards into an empire; Chu Shijian, the former chair of the Hongta Tobacco, started to grow oranges in remote mountain areas in Yunnan at 73 after he was released from prison for corruption: WCT
• Uber and above: App reward scheme exploited in China: WCT
• Chinese Car-Hailing App Gives Away Free Rides to Fend Off Uber: Bloomberg
• China’s Central Bank Lowers Borrowing Costs to Help Clean Up Local Debt Mess: Bloomberg

India

• Anand Mahindra: the American connection; For his latest automotive venture, Anand Mahindra has turned Asia’s conventional industrial wisdom on its head. FT

Japan & Korea

• Japanese group Lixil faces losses after unit files for insolvency: FT
• Japan stock valuations echo 1980s peak: FT
• How Japanese clothing brand Uniqlo got men to love shopping: BI
• Low-profit businesses at center of Toshiba probe: Nikkei
• South Korea’s Startup Culture Marred By Misguided Ambitions; “The startup mentality in Korea is applying the same principles as conglomerates, being plagued by fear and accepting failure when it comes”: Forbes

ASEAN

• Singapore property investors caught in ‘$60m ponzi scam’: AsiaOne
• Tour agency Asia-Euro Holidays in Chinatown closes suddenly; Tour agency believed to have run up losses of about $2m from property investments: ST
• Thailand passes first inheritance tax to raise revenue in lackluster economy: Reuters
• Banks on charm offensive in Myanmar; For foreign lenders, Myanmar is no zero-sum game BT1, BT2
• Dr M accuses Najib of lying when he said S’pore bank had 1MDB cash: AsiaOne
• Indonesia’s military creeps back into civilian affairs: Reuters

Macro

• Piles of Overseas Profits Investors Can See but Not Touch; Companies are not required to record a deferred income tax liability on foreign earnings, which can make earnings seem bigger than they are: NYT
• Activism Is Here to Stay; In today’s world, the activist megaphone has replaced the raider’s money offer: WSJ
• Something is grotesquely wrong with Vancouver’s housing market, and the time for denialism is over: SCMP
• Negative rates pose corporate conundrum: FT

Energy & Commodities

• France’s biggest insurer Axa axes coal investments: TheAge
• Funds feel heat of coal and tar divestment drive: Reuters

Healthcare

• Democratising medicine: The crowd will see you now; Many hands make diagnosis work: Economist
• The innovators: the biotech firm hoping to breed an end to dengue fever; Oxitec aims to breed genetically modified male mosquitos to breed with and kill off the disease-carrying female: Guardian

TMT

• Audi Sees Electronics Matching Horsepower in Carmakers’ Value: Bloomberg
• As antitrust case looms, ‘Peak Google’ debated: Yahoo
• Big Data’s infinite harvest; They give us free computing power and we reveal ever more about ourselves: FT
• In Busy Silicon Valley, Protein Powder Is in Demand; Protein-packed drinkable meals come in powder form, are inexpensive, and are quick and easy to make so tech workers don’t actually have to eat. NYT

Consumer & Others

• Nestlé Taps Into Bottled Water On-Demand; The Swiss company is getting a big lift from customized Web orders for its Poland Springs, Perrier and Pure Life brands in the U.S.: WSJ
• Audi Turns to Connected Cars in China: WSJ
• ‘Do it for me’ culture threatens home improvement stores: FT
• Rag trade brothers help turn around Marks & Spencer’s fortunes: Guardian