24 Mar, 23
Welcome back to Strait Up, our weekly newsletter that makes sense of what’s going on in Southeast Asia.
Our first story this week puts the spotlight on the Philippines’ collapsing electricity network. With a major power supply deal on the rocks and a summer power shortage looming on the horizon, the country’s largest power utility is being forced to look for some unconventional sources. Like its own customers.
Elsewhere, in Thailand, the central bank is finally joining the Southeast Asian virtual banking bandwagon. But not only is Thailand a few years behind its peers in the region, its terms aren’t very favourable to smaller, younger applicants.
Let’s dive in!