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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 is full of news breaks. We take a look at the potential merger between two companies owned by Indonesian conglomerate Djarum and how the maths doesn’t quite seem to work out.

We then go to the Philippines, where the traditional banks are making moves to future-proof their business, especially in the digital banking era. Last but not least, we also look at one of the biggest news of the week: the suspension of Ankiti Bose, the CEO of Singapore-based Zilingo.

Let’s dive in.

Featured image credit: Nicholas Capello/Unsplash

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