Berkshire Hathaway Invests in India’s One97 Communications – Bloomberg

Putting India on the map in a big way.

Berkshire Hathaway Invests in India’s One97 Communications – Bloomberg

For this VC, being an investor wasn’t an obvious career choice

Peng is always honest and to the point, I like the last line in the part I highlighted.

This is not a fly-in game.

For this VC, being an investor wasn’t an obvious career choice:

If I’m a VC who wants to come into Southeast Asia, what trends should I look out for? I think more important than the trends is what you need to do. If you’re an existing VC in some other geography, you would want to look for people who understand the local scene and know entrepreneurship.

Southeast Asia has several countries. One advantage of the region is that most of its cities are used to international businesses. So, it’s not as difficult as it was in China 10 or 15 years ago. VCs would be flying in from Hong Kong and, especially, from The Valley, and that worked for maybe a year or two. But then it stopped working because you were not there when the contacts were being made.

It’s the same thing with Southeast Asia. There are a lot of local nuances that you probably don’t understand, and that’s why you need a local person for each country. This is not a fly-in game.

When the HDB story comes undone, what is the collateral damage to the PAP story? | The Online Citizen

Short but good read.

I am a big fan of Singapore and when it’s come to health, safety, taxes and business – the place is incredible.

However it is a small island and the housing market has always somewhat baffled me. This points to one of the issue which is the whole HDB, CPF and 99 year lease framework which is my mind inflates stuff that residents don’t actually own.

I suspect this topic to accelerate in getting some debate.

When the HDB story comes undone, what is the collateral damage to the PAP story?

— Read on www.theonlinecitizen.com/2018/08/25/when-the-hdb-story-comes-undone-what-is-the-collateral-damage-to-the-pap-story/

UOB unveils machine learning solution to combat financial crime | Singapore Business Review

Nice!

UOB unveils machine learning solution to combat financial crime | Singapore Business Review:

Tookitaki’s anti-money laundering suite (AMLS) can be applied to all processes within the AML framework unlike solutions requiring the use of multiple systems to analyse subsets of the same data sets, enabling it to make sharper and swifter detection of high-risk companies and individuals and flag suspicious activities.

Nobody Trusts Facebook. Twitter Is a Hot Mess. What Is Snap’s Evan Spiegel Doing? – Bloomberg

Read the whole thing.

But I would just love to work at a place where you don’t know what your goals are.

Nobody Trusts Facebook. Twitter Is a Hot Mess. What Is Snap’s Evan Spiegel Doing? – Bloomberg:

That same month, workers were told they wouldn’t be receiving cash bonuses because the company didn’t meet its goals. They hadn’t been told what the goals were.