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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 noted that Singapore is very close to seeing the first SPAC listing on the SGX, while its government is not slowing down in helping the exchange operator capture opportunities across the region.

Airlines have accumulated huge losses in the last 18 months because of the pandemic, but there’s one in particular that seems to be beyond help––Indonesia’s Garuda. We have a candid Q&A with an aviation analyst on what this means going forward.

Abu Dhabi Investment Authority (ADIA) recently led a US$400 million pre-IPO investment in Indonesia’s GoTo, the first such investment by the sovereign wealth fund into Southeast Asia. What can we make out of this deal?

Ready? Let’s dive in.

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