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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. 

There’s a lot of talk about the tech industry being headed for a brutal winter, where we will see the crazy valuations of tech companies come down a little bit. But some investors in Southeast Asia are all set to take advantage of the phenomenon.

Meanwhile, in Malaysia, regional budget carrier Capital A (formerly known as AirAsia) is facing a lot of heat from consumers and the government after a series of delays and rescheduling of its domestic flights during the Eid holidays. 

Let’s dive in.

Lede image credit: giphy

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