12 Aug, 22
Welcome back to Strait Up, our weekly newsletter that makes sense of what’s going on in Southeast Asia.
Singapore’s Grab recently released its quarterly financial results and surprisingly, its losses narrowed. Meanwhile, it seems that the economic downturn is beginning to hit startups, starting with Indonesia’s edtech platform Zenius.
And in Singapore, there’s currently a chicken crisis. Neighbour Malaysia recently announced that it will implement an export ban for chickens to address domestic shortage. Guess Singaporeans will have to pay more for chicken rice then.
Let’s dive in.
Lede image credit: Shubham Dhage/Unsplash