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Good morning,

Welcome back to Strait Up, our weekly newsletter that makes sense of what’s going on in Southeast Asia.

This week, we looked at the newly created role of Alibaba’s Ant Group and its ambition to double down on Southeast Asia. In the Philippines, the competition within the telco space, which is now a triopoly, is set to heat up.

We also look at Indonesia’s plans to fund the development of its new capital, Nusantara, in East Kalimantan, after Japan’s SoftBank pulled out from the project.

Let’s dive in.

Featured image credit: Markus Winkler/Unsplash

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