Malaysia Rolls Out RM1.99 Petrol, Palm Oil Rebounds, Google Faces US Court | AGN Update

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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