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Former Malaysian Minister Charged With RM860M Tabung Haji Misappropriation
Former Malaysian religious affairs minister Jamil Khir Baharom charged with misappropriating RM860.3 million from Tabung Haji pilgrimage fund. He pleaded not guilty and was granted RM300,000 bail on September 14.
Hyperliquid USD Drops 0.8% to $77.84 Amid Leverage Unwind
HYPEUSD fell 0.8% to $77.84 as $150M in crypto longs liquidated. Institutional backing and token burns support the $78 level.
Labor’s Housing Reforms Slash 10,700 Homes, Push Rents Up AUD$10 Weekly
Labor’s housing tax reforms will cut 10,700 new homes and push rents up AUD$10 weekly through 2030, according to updated modelling by industry groups. GDP impact estimated at AUD$1.05bn.
KFC Expands Breakfast to Gold Coast and Melbourne CBD From September 8
KFC launches breakfast menu at 16 Gold Coast and 13 Melbourne CBD locations from 6am, featuring bacon and egg rolls, chicken items, and barista coffee after Sydney Airport trial.
LIV Golf Files for Bankruptcy; Cameron Smith Among Players Owed Millions
LIV Golf files for bankruptcy after losing Saudi funding. Cameron Smith and other players are now free to leave and pursue millions in unpaid fees through the court process.
Singtel Stock Rises as India Holdings Fuel 50% of Company Value
Singtel’s Indian holdings, including a 25-year-old stake in Airtel, now account for approximately 50% of the company’s S$73.5 billion valuation. Meyka rates the stock B with a 12-month forecast of S$5.00.
Bond Market Rout Pushes Australian 10-Year Yields to 15-Year High
Australian 10-year bond yields hit 15-year highs as global bond markets sell off sharply. Rising yields increase borrowing costs and threaten asset prices amid persistent inflation and $40 trillion US debt.
UK Loses £330m Taxpayer Chris Rokos to Greece’s Flat Tax Deal
Chris Rokos, who paid £330m in UK tax last year, is moving to Greece where he’ll pay just €100,000 annually on overseas income. The exit raises questions about Britain’s competitiveness for wealth creators.
Social Security Trust Fund Depletes in 2032: Republicans Open to Tax Hikes
Social Security’s retirement trust fund faces depletion by 2032. Republicans including Sen. Moreno now support raising payroll taxes. Benefits could drop 22% without action.