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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.

Singapore-based used car marketplace Carro shelled out some US$53 million for a 50% stake in Indonesian car rental business Mitra Pinasthika Mustika Rent (MPMR). We have a sharp analysis on how the deal is a win-win for both parties.

We also look at how the US arrived at its decision to suspend tariffs on solar panels from several countries in Southeast Asia. Last but not the least, a quick update on several leadership changes in the first wave of tech firms in the region.

Let’s dive in.

Featured image credit: Gustavo/Unsplash

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