Bamboo Innovator

POSCO has decided to hire a veteran industrial bureaucrat to handleits relations with the government, a move seen as challenging Park’s anti-corruption drive of banning ranking state officials from working for major companies

Updated : 2014-06-03 18:34

POSCO challenges gov’t anti-corruption drive

By Park Si-soo

POSCO has decided to hire a veteran industrial bureaucrat to handleits relations with the government, a move seen as challengingPresident Park Geun-hye’s anti-corruption drive of banning ranking state officials from working for major companies after retirement.  Read more of this post

Tiananmen, Forgotten

Tiananmen, Forgotten

By HELEN GAOJUNE 3, 2014

BEIJING — I don’t remember the first time I heard the term liu si — June 4 — which is how the Tiananmen protests, the widespread demonstrations in 1989 that ended in bloodshed, are referred to in China. It was perhaps sometime around 2003, when I was 15 or 16. The word was probably uttered at the dinner table by one of my parents, both of whom were on the Avenue of Eternal Peace, the street in front of Tiananmen Square, on that night. They bore witness to the senseless killing, a memory that has haunted them ever since. Read more of this post

With Choice at Tiananmen, Student Took Road to Riches; Xiao Jianhua, the leader of the official student union at Peking University in 1989, sided with the government and found wealth and favor

With Choice at Tiananmen, Student Took Road to Riches

By DAVID BARBOZA and MICHAEL FORSYTHEJUNE 3, 2014

Xiao Jianhua seen in a park in Beijing. CreditThe New York Times

BEIJING — A few days after the crackdown on the Tiananmen Square protests 25 years ago, the Chinese government filled the airwaves with a list of the 21 most wanted student leaders accused of stirring up an antigovernment rebellion. At the top of the list was a 20-year-old student at Peking University named Wang Dan, who set up an unofficial student union to mobilize his classmates to demand democracy. Read more of this post

In order to ensure a fair and peaceful election, Jokowi and Prabowo should appear together in a press conference and read out each others’ text to declare openly that those smear campaign allegations are wrong

The Thinker: Jokowi and Prabowo

By Jakarta Globe on 11:30 am Jun 04, 2014

If surveys are to be believed, there is valid reason to assume that Joko Widodo, or Jokowi, as he is popularly known, has the upper hand compared to his contender Prabowo Subianto.

Jokowi’s electoral preponderance has been consistently shown in various surveys. However, as the election draws near, there are some indications that he will face an uphill battle and things have become less predictable. Read more of this post

Indonesia Loses $4b Annually to Procurement Graft, Study Finds

Indonesia Loses $4b Annually to Procurement Graft, Study Finds

By Vanesha Manuturi on 09:22 pm Jun 03, 2014

1.  Indonesia loses $4 billion every year due to poor procurement practices in the public sector, according to a recent study by consultant firm A.T. Kearney.

“This equals 40 years of operational cost for 32,000 schools in Indonesia. It also represents 20 percent of Indonesia’s public infrastructure spending,” said ShirleySantoso, a principal at Kearney, in a statement, a copy of which was obtained by the Jakarta Globe on Monday. Read more of this post

Ivy Mid Cap Growth: Rethinking Risk; Talking with Kimberly Scott, portfolio manager of Ivy Mid Cap Growth fund

Ivy Mid Cap Growth: Rethinking Risk

Talking with Kimberly Scott, portfolio manager of Ivy Mid Cap Growth fund.

AMY FELDMAN

May 31, 2014

Kimberly Scott worked as a technology analyst during the bubble before taking over management of the $4.7 billion Ivy Mid Cap Growth fund (ticker: WMGAX) in February 2001. That experience seared into her memory the idea that even growth managers need to pay heed to valuations — and be very, very careful about risk. Read more of this post

Oakmark’s Bill Nygren Names 9 Favorite Stocks

Oakmark’s Bill Nygren Names 9 Favorite Stocks

Why the market-beating value manager likes big financial firms, TRW, and one energy company.

GRACE L. WILLIAMS

June 3, 2014 5:46 a.m. ET

While many investors think U.S. stocks are fully valued, Bill Nygren of Oakmark Funds sees plenty of opportunity, particularly among financials. Moreover, Nygren says many of America’s best companies can be bought at a market multiple. Read more of this post

Economists wield big influence in merger reviews

Economists wield big influence in merger reviews

By Holly Yeager, Published: June 2

When executives from Comcast and Time Warner Cable met with Federal Communications Commission staffers last month to make the case for their merger, the expected antitrust and communications lawyers went along with them.

But the companies also took four economists — part of a highly specialized but low-profile set of number-crunchers who can be highly influential when it comes to winning approval for big deals like these. Read more of this post

The domestic tobacco industry is facing a downturn in the sale of hand-rolled clove cigarettes, as consumers shift to machine-made ones – a situation that could see job losses in the industry

Dim outlook for hand-rolled clove cigarettes

Linda Yulisman, The Jakarta Post, Jakarta | Business | Mon, June 02 2014, 12:07 PM

The domestic tobacco industry is facing a downturn in the sale of hand-rolled clove cigarettes, as consumers shift to machine-made ones — a situation that could see job losses in the industry.
Market share of hand-rolled cigarettes has fallen from 32.8 percent in 2009 to 26.07 percent at present. In contrast, sales of machine-made clove cigarettes have risen, leading to an increase in market share from 59.24 to 66.2 percent during the same period. Read more of this post

Court battle and legal nightmare for Singaporean property investors after Malaysian developer went bust; Beware of pitfalls in overseas property markets

Court battle after developer went bust

Tuesday, Jun 03, 2014

Rachael Boon

The Straits Times

Read more of this post

Troops deployed from China’s provinces laughed as they shot randomly at pro-democracy protesters in Tiananmen Square, according to a US account declassified Tuesday for the 25th anniversary

Troops ‘laughing’ in Tiananmen crackdown

Wednesday, June 4, 2014 – 09:51

AFP

WASHINGTON – Troops deployed from China’s provinces laughed as they shot randomly at pro-democracy protesters in Tiananmen Square, according to a US account declassified Tuesday for the 25th anniversary. Read more of this post

Wary China keeps close watch as Tiananmen anniversary arrives

Wary China keeps close watch as Tiananmen anniversary arrives

Tue, Jun 3 2014

By Sui-Lee Wee

BEIJING (Reuters) – Twenty-five years ago, Wang Nan took his camera and headed out to Beijing’s Tiananmen Square, where tens of thousands of people had gathered calling for democratic reforms. The 19-year-old told a friend he wanted to record history. Read more of this post

China risks another Tiananmen tragedy in the coming years

China risks another Tiananmen tragedy in the coming years

Minxin Pei

@FortuneMagazine

MAY 31, 2014, 5:14 PM EDT

Relying on repression to maintain power may be the Chinese Communist Party’s undoing in the long run.

The Tiananmen Square tragedy of June 4, 1989 — a bloody suppression of a peaceful, pro-democracy movement 25 years ago this week — was truly a black-swan event. Read more of this post

Number of Fortune 500 women CEOs reaches historic high

Number of Fortune 500 women CEOs reaches historic high

Caroline Fairchild

@FortuneMagazine

JUNE 3, 2014, 6:00 AM EDT

This year’s list features six fresh faces as well as the noticeable absence of one high-powered tech executive.

For those keeping score of women on the Fortune 500, here’s some good news: The definitive ranking of America’s biggest companies boasts some 24 female CEOs, up from 20 a year ago, and more than at any point since Fortune started compiling executive gender in 1998. Read more of this post