Treasure the Singapore Character – Bamboo Innovator Daily: 7 Aug (Fri)

Life

• Treasure the Singapore Character; Singapore Character: Unis have key role: ST1,, ST2, MOE
• Lies, damned lies — and the statistical needs of users: FT
• Your completely hidden power of persuasion: FastCo

Investing Process

• Noble Sees Trust Erode in Battle of Hearts and Mines; Noble shares have gyrated amid accusations aggressive accounting inflated its earnings: WSJ
• Charlie Munger, Coke And Apple: Gurufocus
• Warren wannabe: Ackman channels Buffett with bet on Mondelez; For years now Bill Ackman, that bad boy of activist investing, has been trying to cast himself in the mold of Warren Buffett: TheAge
• Pension scams becoming investment scams, says Citizens Advice; Fraudsters trying to steal money from people’s pension funds are increasingly offering to invest the cash into other scams: BBC
• Meet Patrick Walsh, The Do-It-Yourself Hedge Fund Activist You’ve Never Heard Of: Forbes
• Real Estate Investment Aided by Ponzi Scheme Could Recoup Victims’ Money: NYT
• The Recency Effect: Confusing What Just Happened With What Happens Next: Bloomberg

Greater China

• Bad Debt Soars 35% In China As Government Set To Fabricate Dismal Loan Data: Zerohedge
• China meddling in stock market seen discouraging return of foreign funds: Reuters
• China Takes Its Debt-Driven Growth Model Overseas; Banks have ramped up lending to Chinese companies for projects abroad: WSJ
• One Third Of All Chinese ‘Gamblers’ Have Shut Their Equity Trading Accounts: Zerohedge
• Taiwanese bookstore Eslite has been listed on CNN’s list of the “world’s coolest bookstores.”: ChinaPost
• ‘Maker culture’ makes Shenzhen a city where dreams come true: WCT
• China migration: Dying for land; Urbanisation is leading to violent clashes between developers and farmers amid a fight for control of the land: FT
• Fear and greed drive China’s online to offline commerce craze: FT
• The Irresistible China Trade That Keeps Burning Investors: bloomberg
• As China Reduces Local Spending, Cities Woo Private Investors: NYT

India

• IKEA products: Made in Uttar Pradesh, sold in Sweden: Forbes
• The fabulous set of Asia-Pacific’s finest companies in India: Forbes
• Stuck on the runway: Indian manufacturing peaked in the mid-1990s. Can its decline be reversed?: Economist

Japan & Korea

• Chaebol reforms are due: JA
• Multinational firms should report governance structure details from 2017: mk
• Lotte row highlights family saga with Japanese roots: KH
• Succession feud mars legacy of Lotte Group founder: Reuters
•  NPS loses W80 bil. in Lotte investments: KT
• Power Struggle at Korean Firm Lotte Shows Perils of Succession: WSJ

Macro

• GMO founder Grantham says markets ‘ripe for major decline’ in 2016: FT
• Uber-bear Grantham survives the bull run: FT
• Business and the law: Taking the gangster rap; The power and reach of America’s racketeering law make its frequent use in commercial settings a big deal for business: Economist

Energy & Commodities

• The ‘God’ of oil trading is getting crushed by the commodities slump: BI
• Farmer hoarding and impairment charges push Cargill to loss: FT
• Despite Glut of Oil, Energy Firms Struggle to Turn Off the Tap: WSJ
• ‘Frack now, pay later,’ top services companies say amid oil crash: Reuters
• Coffee Disconnect Is Brewing; Demand for specialty brands has roasters leaving futures exchanges: WSJ
• Steelmakers Try to Stay Out in Front in Auto Industry; As aluminum becomes more prevalent in car-making, steel executives are pressing their case: WSJ

Healthcare

• Scientists discover an unexpected natural hangover cure that actually works: qz
• IBM is adding medical images to the health data its Watson artificial-intelligence can mine to help doctors make diagnoses.: NYT
• Drug-Plan Managers Wield ‘Potent Weapon’; CVS, Express Scripts are excluding more drugs from coverage in part to save costs: WSJ

TMT

• How Venture Capital Incentives Promote Zombie Companies: Techcrunch
• Tesla is completely unlike other tech companies in one crucial way: BI
• How Fitness22 is making ‘millions of dollars a year’ selling iPhone apps with no marketing: BI
• Have 3 Undergrads Just Created An Instagram For Music?: Forbes
• GE preps industrial-strength cloud of its own: Fortune
• Among the States, Self-Driving Cars Have Ignited a Gold Rush: NYT
• Mobile operating systems: Cyanogen plots to unseat Google’s platform: Economist
• How baseball’s tech team built the future of television: theAge
• Ad Woes Pummel TV Firms; Viacom’s weak results fan the flames of a media-industry meltdown: WSJ
• When a Smart Home Is Too Smart for its Own Good; Smart-home systems can control everything from the lighting to the temperature to the music, but they don’t always make life easier for homeowners.: WSJ
• Growth of ecommerce pushes funds into small-fry shipping firms: Reuters

Consumer & Others

• Wal-Mart’s pay raise creates thousands of unhappy workers: ‘It’s pitting people against each other’: FP
• This failed burger reveals the biggest problem at McDonald’s: BI
• UGG is becoming a luxury brand and ‘the new Converse’: BI
• Under New CEO, Crocs May Have A Biting Chance: Forbes
• Hotel chains are thriving, for now, thanks to innovation and a bit of luck: Economist
• Iran’s car industry: Carmakers will profit from a deal on Iran’s nuclear programme: economist
• Adidas considers giving up golf as cycling booms: Reuters
• CrossFit’s extremely lucrative business plan is also deceptively simple: qz
• Deal-Happy Logistics Companies Find Profits Elusive; XPO Logistics and Echo Global saw shares tumble after acquisition costs ate into profits, a sign investors may be losing patience for ambitious expansion plans to pay off: WSJ
• Big Changes in Food Industry Turn Activists Upside Down; Push to reunite Kraft Foods, which activists split apart just three years ago, shows seismic shift in the food industry: WSJ