24 Mar, 23
Good morning,
Welcome back to Strait Up, our weekly newsletter that makes sense of what’s going on in Southeast Asia.
One of Malaysia’s largest payments companies, Revenue Group, is seeing its share prices slide. Some of it is due to the loss it just posted, but the biggest problem is still unfolding: a prolonged spat between the company and its two largest shareholders, who also happen to be brothers. We take a look at the feud and the many other problems Revenue Group has to handle.
In the Philippines, meanwhile, the central bank is rolling out cash caravans, which are supposed to prowl the streets hoping to collect damaged cash and coins from households. This could be part of a largerˀ play, though, one featuring e-wallets and a lofty bank enrollment goal.
Let’s dive in!
Lede image credit: GR Stocks/Unsplash
