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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.

Things are not always what they seem, especially in the world of business. This week, we look at how Binance’s huge Indonesia acquisition isn’t necessarily a win, why exuberance doesn’t always mean growth when it comes to EVs, and why blue chip companies are not infallible.

Let’s dive in!

Lead image credit: Pierre Borthiry / Unsplash

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