Fuel subsidies, commodity markets, and tech battles dominate today’s headlines.
Malaysia
- Malaysians to receive 300 litres of RON95 petrol at RM1.99/litre from Sept 30 under BUDI95.
- E-hailing drivers enjoy unlimited access; STR recipients, police, and military get early access.
- Finance Minister II Amir Hamzah calls it a global fuel privilege, redirecting savings to social programs.
- Palm oil futures rebound amid strong export data, with prices supported by Chicago soyoil and Dalian palm olein movements.
International
- Google faces a new US court trial over its ad tech monopoly. DOJ demands divestiture of ad publisher and exchange operations, while Google argues unfeasibility.
- Part of a broader push by the US government to curb tech monopolies.
Asia
- Japan’s PM contender Yoshimasa Hayashi backs gradual Bank of Japan rate hikes.
- Policy focus shifts to managing a weak yen, rising inflation, and cautious fiscal measures ahead of leadership elections.
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