Daily Debrief: What Happened Today (Aug 14)
Stories you might have missed
Indonesia's President Prabowo Subianto proposed a budget of US$230 billion for 2027 with a fiscal deficit of 2.4 per cent of GDP. Singapore is among 40 economies at risk of being used by Chinese exporters in a "shadow transhipment network" to avoid US tariffs. OpenAI is in talks to lease 100,000 square feet of office space at the new Shaw Tower in Singapore.
GNC has secured a regional deal with DFI Retail for distribution and franchise rights in Hong Kong, Macau, and Singapore. Singtel shares closed up 4.7 per cent after reporting a 21 per cent growth in its Q1 net profit. Genting Singapore shares rose 6.4 per cent despite a 33.5 per cent drop in profit for the first half of the year. Decoding Asia newsletter, a guide to navigating Asia in a new global order, is available for free.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
