Who Owns the Scarce Thing?
This week the two biggest stories in Southeast Asian tech were not a funding round or somebody’s ninth super app pivot. They were a government chip program in Penang and 3,600 kilometres of fibre being dropped on the seabed between India and Singapore.
Two boring stories. Laid side by side, they are the most honest picture of this region you will get right now. Both are asking the same question, the one I ask in every partner meeting at Indelible, the one that decides who gets rich over the next ten years and who just gets used:
Who owns the thing that is actually scarce?
Malaysia tries to…
The skinny
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