Welcome to Your Week in Asia.
ASEAN foreign ministers gathering in Manila from Tuesday are expected to be joined by their counterparts from the U.S., China, Russia, Japan, Australia, Canada and the U.K. The ongoing civil war in Myanmar is expected to be one of the main items on the agenda, following an informal meeting between Myanmar Foreign Minister Tin Maung Swe and the ASEAN foreign ministers in Bangkok on July 12.
The weakness of the rupiah and the vulnerability of the Indonesian economy are in focus due to Bank Indonesia's upcoming rates decision, with the central bank indicating it might continue with rate hikes. Foreign capital outflows from the country's stock market and volatile energy prices are partly behind the weakening currency.
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MONDAY
AirBorneo's inaugural flight
Malaysia's new regional airline, AirBorneo, will make its inaugural flight to Kuala Lumpur from Kuching on Borneo. The carrier, formerly known as MASwings, will start operations with two leased Boeing 737-800s and expand its fleet to 17 jets by 2030.
Data: Malaysia trade
TUESDAY
ASEAN foreign ministers meeting
Top diplomats head to Manila for a series of meetings to discuss ASEAN's approach to the energy crisis, Myanmar, the Thailand-Cambodia border conflict and the South China Sea code of conduct.
WEDNESDAY
Indonesia rates decision
Bank Indonesia has continued to raise its benchmark interest rates, including through an emergency hike last month, following the weakening of the rupiah, which has hit record lows several times in recent months. Bank Indonesia Gov. Perry Warjiyo earlier this month said the central bank will continue its efforts to stabilize its currency after S&P kept sovereign credit ratings for Indonesia unchanged.
Monetary policy: Sri Lanka
Data: Japan trade
THURSDAY
Hong Kong crypto and fintech event
The Wiki Finance Expo, billed as one of the biggest fintech events in Asia, kicks off in Hong Kong. The two-day conference is expected to attract over 12,000 attendees to hear hundreds of speakers and exhibitors talk about cryptocurrencies and other financial innovations.
South Korea GDP
South Korea releases gross domestic product data for the second quarter, after revising up its forecast for annual growth amid an artificial intelligence-led chip boom. In the previous quarter, the country returned to growth in part thanks to exports of semiconductors.
Data: Singapore inflation
FRIDAY
Anniversary of Thai-Cambodia conflict
Thailand and Cambodia commemorate the confrontation that led to fighting between the countries on July 24, 2025. The conflict continued until the two governments subsequently agreed to an unconditional ceasefire on July 28, 2025.
Data: Japan inflation, India purchasing managers index, Thailand trade
Facts Only
* ASEAN foreign ministers are gathering in Manila from Tuesday.
* Participants are expected to include counterparts from the U.S., China, Russia, Japan, Australia, Canada, and the U.K.
* The agenda includes discussions on the energy crisis, Myanmar, the Thailand-Cambodia border conflict, and the South China Sea code of conduct.
* Bank Indonesia is considering further interest rate hikes following the weakening of the rupiah.
* Weakening currency is partly due to foreign capital outflows and volatile energy prices.
* AirBorneo will make its inaugural flight to Kuala Lumpur from Kuching on Borneo.
* South Korea released gross domestic product data for the second quarter.
* The Wiki Finance Expo, a fintech event, kicks off in Hong Kong.
* Thailand and Cambodia commemorate the conflict that led to fighting between them on July 24, 2025.
* The ceasefire agreement for the Thai-Cambodia conflict was reached on July 28, 2025.
