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, SAT., OCT. 10, 2026No. 6 · Morning, 6:00 a.m. TRT6 a.m. TRT
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Economy · ParliamentPress ✓ 6 outlets · content attributed to the AK Party

AK Party submits 9-article bill on fund liquidation to Parliament: interim payments of up to 1 million lira, compulsory collection through the TMSF

The 131 funds in liquidation are 4.6 percent of the funds in the system. The bill is temporary and exceptional; no Treasury resources will be used. It will be debated in the Planning and Budget Committee next week.

AK Party Group Chairman Abdullah Güler announced on Friday that the “Bill on Certain Investment Funds Decided to Be Liquidated” had been submitted to the TBMM Speaker’s Office; the bill has nine articles, and the first signatories include Ersan Aksu and Atay Uslu (Sabah, TV100, Haberler.com, Gazete Oksijen, Sondakika, Haber Ankara). The bill covers the funds whose liquidation was decided by the Capital Markets Board (SPK) in its decision dated September 17, 2026. Güler said the 131 funds are only 4.6 percent of the total number of funds in the system.

The bill provides for interim payments of up to 1 million lira and offers the possibility of compulsory collection through the Savings Deposit Insurance Fund (TMSF). Güler said Treasury or public resources would not be used and would not be allowed to be used in future; he stated that the arrangement does not introduce a general and permanent liquidation regime in the capital markets but is temporary and exceptional. The liquidation procedures will be carried out under SPK supervision.

Güler said they plan for the bill to be debated next week in the TBMM Planning and Budget Committee and then in the General Assembly, and that preparations are complete so that payments can begin within October. DailyDrop has not seen the full text; the details rest on news reports and Güler’s statement. The opposition has not yet made a detailed assessment of the bill.

Open the story and DailyDrop’s take
By the numbers
9articles in the bill
4.6%share of the 131 funds among all funds in the system (Güler)
1 million TLinterim payment ceiling
Sport · National teamPress ✓ 8 outlets · attributed to the TFF statement

TFF parts ways with national team coach Montella

After its Executive Board meeting, the Turkish Football Federation (TFF) announced that it had decided not to continue with Vincenzo Montella (Hürriyet, Medyascope, Fotomaç, CNN Türk, Haberler.com). Montella had been in charge since September 21, 2023; he managed 40 matches, 31 of them official, with 21 wins, 5 draws and 14 defeats. The reports also note that he took the national team to the World Cup after 24 years. Türkiye lost 3-1 to Italy last Monday and had lost all four matches in its UEFA Nations League group.

There is also a management crisis at the federation: Acting President Mecnun Otyakmaz said that, because of differences of opinion, there was no point in continuing, some members resigned and substitutes were brought in for the two vacant seats. No name has been announced for the new coach; according to one report, TFF President İbrahim Ethem Hacıosmanoğlu will meet Montella, who will come to Türkiye next week, in person.

Open
Word of the day
Executive BoardSport

The body of elected or appointed members that takes the decisions of a federation or a company.

World · EnergyPress ✓ 6 outlets · the agreement is Trump’s account

Trump announces diesel deal with Putin: Russia 300,000 tonnes, Treasury grants temporary sanctions exemption

US President Donald Trump wrote that he had a “very successful” conversation with Russian President Vladimir Putin and that Russia would immediately supply more than 300,000 tonnes of diesel to the US and world market, 500,000 tonnes in November and then 1 million tonnes; a further 3 million tonnes were promised depending on the state of the refineries (CNBC, CBS News, Global News, The Hill). CBS gave the 1 million tonnes for December; the timetable details differ in the media. With a general license published on Friday, the US Treasury Department temporarily suspended sanctions on Russian diesel until April 2027.

Diesel prices are near record levels ahead of the November 3 midterm elections. Ukraine’s attacks on Russian refineries had pushed Moscow to ban diesel exports. Zelensky said that easing sanctions without a commitment from Russia to reduce tensions would prolong the war, while Senate Democratic leader Chuck Schumer called the deal a “dirty deal.” Analysts Al Jazeera spoke to noted that the effect would be small, with 300,000 tonnes equal to a few days of US diesel consumption. The Kremlin said the phone call covered Ukraine and Iran.

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World · HormuzPress ✓ 6 outlets · the attack claim is Iran’s, no independent verification

LPG tanker NV Sunshine struck in Hormuz: Revolutionary Guards hold the US responsible

Iran’s Revolutionary Guards Army announced that it had struck a large LPG ship named NV Sunshine as it tried to pass through the alternative route south of the Strait of Hormuz, and that a fire broke out in the engine room (CNN Türk, Sondakika, NET HABER, Yeni Şafak, Türkiye Gazetesi, İşçi Haber). The Revolutionary Guards held the US military responsible for the incident and said that ships trying to pass without Iran’s approval would be tracked and punished not only in the strait but across the region.

Independent sources have not yet confirmed the attack or the damage to the ship; the ship’s flag, operator and the condition of the crew were not disclosed. In earlier days Iran International had reported that a third tanker was struck. The US Central Command (CENTCOM) had been saying that commercial traffic through the strait was continuing; DailyDrop cannot independently verify which account is correct.

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Economy · IndustryPress ✓ 6 outlets · figures attributed to TurkStat

Industrial production fell 1.9 percent year on year and 1.0 percent month on month in August; manufacturing declined 2.5 percent year on year

TurkStat announced August industrial production on October 9: the year-on-year change, not calendar-adjusted, was −1.9 percent and the month-on-month change −1.0 percent (Konya Gündem, İstanbul Ticaret Gazetesi, Sondakika, Habermeydan, TCLira, Yatırımx). On a yearly basis, manufacturing fell 2.5 percent, while mining and quarrying rose 1.7 percent and electricity, gas, steam and air conditioning rose 1.3 percent. On a monthly basis, manufacturing declined 1.6 percent, while mining rose 4.1 percent and electricity and gas 3.3 percent.

The sources contain no independent assessment of the reason for the decline; DailyDrop offers no commentary. The next industrial production data will be released on November 10. The sources say the index uses 2021=100 as its reference year. High interest rates and weak domestic demand are frequently cited reasons; these are economists’ interpretations and are not part of the figures.

Open
In brief
  • BIST 100 closed Friday at 12,265.98, up 0.43%; weekly change −0.03%Halk TV, Borsamatik, Yatırımx
  • Dollar/lira ended the week around 49.34 (weekly +0.63%)Yatırımx, En Son Dakika
  • S&P 500 rose 0.59% to 7,811.54; WTI $91.85 (+0.39%); gold $4,216.3 an ounce (+1.43%), Friday closemarket data
  • Erdoğan opened the Çerkezköy-Kapıkule High-Speed Train LineAA, Takvim, TRT Haber
  • Aggravated life sentence for daughter Tuğyan Ülkem Gülter in the Güllü caseCNN Türk, Halk TV
  • Erdoğan at the International Justice Summit: justice is the foundation of the stateMemurlar.Net, Ekonomi Dünya
  • In Brussels, unions and students protested the government’s economic policiesnews roundups, single source
  • Özel had been planning to visit the jailed mayors in MersinBloomberg HT news agenda, single source
Seven minutes every morning, one front page

Unverified — what we could not confirm

“Russia has started supplying plenty of diesel right away.” Trump wrote 300,000 tonnes “immediately”; there is no independent data showing that shipments have begun, and analysts say the effect will be small (Al Jazeera, CNBC).
“Montella’s successor as coach has been decided.” The TFF has not announced a new coach; only that Hacıosmanoğlu will meet Montella was stated, according to one report (Hürriyet, Medyascope).
“The striking of the LPG ship in Hormuz has been confirmed.” The statement was made only by Iran’s Revolutionary Guards; there is no independent confirmation, nor information on flag or crew (CNN Türk, Sondakika).

Influencer watch

  • Donald Trump, US President Truth Social · 10/9Trump posted that Russia will immediately supply over 300,000 tons of diesel to the American and global marketplace.

Statements as posted, not fact-checked.

Glossary · dotted words — economics, law, security and science terms explained in the context of the story. The list grows every day.
INSIDEAK Party submits 9-article bill on fund liquidation to Parliament: interim payments of up to 1 million lira, compulsory collection through the TMSFEconomy · ParliamentTFF parts ways with national team coach MontellaSport · National teamTrump announces diesel deal with Putin: Russia 300,000 tonnes, Treasury grants temporary sanctions exemptionWorld · EnergyLPG tanker NV Sunshine struck in Hormuz: Revolutionary Guards hold the US responsibleWorld · HormuzIndustrial production fell 1.9 percent year on year and 1.0 percent month on month in August; manufacturing declined 2.5 percent year on yearEconomy · Industry