Daily Debrief: What Happened Today (Aug 14)

Stories you might have missed

Indonesia’s Prabowo proposes deficit at 2.4% of GDP in 2027 budget

[JAKARTA] Indonesia President Prabowo Subianto on Friday (Aug 14) proposed to Parliament a US$230 billion budget for 2027 with a fiscal deficit at 2.4 per cent of GDP, with plans to maximise benefits from resource earnings to boost growth to 6 per cent next year.

US flags 40 economies, including Singapore, in China’s ‘shadow transhipment network’

[SINGAPORE] Singapore and dozens of other countries are at risk of being used by Chinese exporters to avoid US tariffs, President Donald Trump’s administration said on Thursday (Aug 13).

OpenAI steps up Singapore footprint, in talks to lease 100,000 sq ft in Shaw Tower

[SINGAPORE] Amid the current wave of artficial intelligence companies on an expansion trail into Singapore, ChatGPT creator OpenAI is said to be in talks to lease about 100,000 square feet of offices at the new Shaw Tower in Beach Road.

GNC seals regional deal with DFI Retail following court win against Ron Sim’s LAC

[SINGAPORE] DFI Retail Group : D01 -0.26% will be the exclusive wholesaler, distributor and franchisee for health and wellness brand GNC in Hong Kong, Macau and Singapore, both parties announced on Friday (Aug 14) in a joint statement.

SEE ALSO

Daily Debrief: What Happened Today (Aug 13)

Singtel shares close up 4.7% after underlying Q1 net profit grows 21%

[SINGAPORE] Singtel shares ended 4.7 per cent higher at S$4.45 on Friday (Aug 14), a day after it reported its first-quarter results.

Genting Singapore shares up 6.4% despite H1 profit drop

[SINGAPORE] Shares of Genting Singapore closed up 6.4 per cent at S$0.665 on Friday (Aug 14), despite the profit decline of 33.5 per cent for the first half of the year that was reported on Thursday.