The Business Times

About S$164 million of 1MDB-related assets in Singapore remain seized or prohibited from disposal: police This includes about S$101 million linked to Malaysian fugitive Jho Low and his family. https://bt.sg/JSbYo

Sats signs MOU with SF Group to extend partnership to more global locations This came after Sats restructured its gateway services business into two new business units, Singapore Hub and Gateway Services Asia-Pacific. https://bt.sg/dtLE

Temasek aims to invest up to US$12 billion in India as it turns cautious on China India accounts for 7% of Temasek’s global exposure which it wants to increase further. https://bt.sg/JrNoZ

[Letter to the Editor] Grab’s proposed acquisition should not be allowed to proceed Moreover, there are some serious service shortcomings it needs to address urgently. Its training of drivers, for example, leaves much to be desired, says this reader. https://bt.sg/u8i2

Elon Musk pledges US$45 million a month to electing Trump Musk’s donations will go to a political group dubbed America PAC, which will focus on promoting voter registration, early voting and mail-in ballots among residents in swing states. https://bt.sg/eYTr

🎙Revamped Money Hacks podcast to serve you useful tips weekly Looking for ways to grow your money? Money Hacks by The Business Times is now weekly! Get diverse insights and expert advice to boost your financial freedom. bt.sg/dasM

Is Singapore losing out on the AI chip boom? Opened in 1969, the Texas Instruments plant at Kallang Basin was then the world’s largest manufacturer of semiconductors and one of the earliest semiconductor investors in Singapore. Half a century on, is the AI chip boom bypassing Singapore? https://bt.sg/nkVc

Flexibility, versatility of life insurance makes it crucial puzzle piece in legacy planning: Manulife Cash element can be tailored to meet varying needs of the rising HNWI population in Asia. Brought to you by Manulife bt.sg/GBqm

Wilmar CEO’s nephew, sister-in-law paying S$49 million for Astrid Hill GCB The bungalow, which has a total built-up area of 12,000 sq ft, features six bedrooms, a swimming pool, a gym and an entertainment room. https://bt.sg/Kfxk

Start your day with BT ☕️: Stocks to watch: SIA, Yangzijiang Shipbuilding, Q&M Dental, Elite UK Reit https://bt.sg/4ZRYm Top stories 1. Singapore: Is Singapore losing out on the AI chip boom? https://bt.sg/Lzf3 2. Economy: Singapore depends on multi-national enterprises for 73% of its corporate tax revenue https://bt.sg/EJvo 3. Property: Developers’ new home sales sink to lowest on record for H1 after slow June https://bt.sg/o2cVe