A premium 🔒 weekly newsletter that helps you stay on top of the most important developments from business, tech, and startups from Southeast Asia. Someone sent you this? Subscribe here

Good morning,

Welcome back to Strait Up, our weekly newsletter that makes sense of what’s going on in Southeast Asia.

This week, we are talking about three things: moving capitals, onions, and digital wallets.

In Indonesia, the massive project to move the country’s capital from Java to Borneo is gaining traction again after a slowdown during the pandemic. Nadine writes about what the consequences could be—including on Indonesia’s relationship with Malaysia, financing, and rising contract opportunities in the new city.

In the Philippines, a kilo of onions is now worth more than the country’s minimum wage. Isa reports on how things got here, and why a long-term solution doesn’t seem in sight. And finally, in Malaysia, Axiata’s fintech arm Boost plans to swim against the tide of cooling e-wallet usage—by launching a B2B wallet.

Let’s dive in!

Lead image credit: Wikimedia Commons

Subscribe to read this premium newsletter