Key facts
- The impeachment trial of Philippine Vice President Sara Duterte has begun.
- Indian Prime Minister Narendra Modi is visiting Indonesia, Australia, and New Zealand.
- Turkey is hosting a NATO summit with participation from Ukraine and Indo-Pacific partners.
- The Asian Development Bank will release its regional development outlook.
- Malaysia's central bank is expected to maintain its current overnight policy rate.
- Luxshare Precision Industry, an Apple supplier, plans a significant secondary listing in Hong Kong.
- Tata Consultancy Services will announce its April-June quarter earnings.
- A state election is scheduled in Johor, Malaysia.
The impeachment trial of Philippine Vice President Sara Duterte is set to begin, potentially jeopardizing her 2028 presidential election aspirations. A prior impeachment attempt was dismissed by the Supreme Court on a technicality. Meanwhile, Turkey is preparing to host the upcoming NATO summit, which will include participation from four Indo-Pacific nations: Japan, South Korea, Australia, and New Zealand. The summit's agenda will likely focus on defense expenditure commitments, with the U.S. seeking to redistribute defense burdens among allies. Indian Prime Minister Narendra Modi is embarking on a multi-country tour, starting with Indonesia, where critical minerals are expected to be a key discussion point with President Prabowo Subianto. He will also visit Australia and New Zealand. Economic data releases this week include inflation figures from the Philippines, Taiwan, and Bangladesh, as well as Thailand's inflation data. The Asian Development Bank will publish its latest regional development outlook, with a focus on the economic impact of the U.S.-Iran conflict. Malaysia's central bank is anticipated to keep its policy rate steady at 2.75%, balancing domestic demand against global uncertainties. Apple supplier Luxshare Precision Industry is aiming to raise up to $3.1 billion through a secondary listing in Hong Kong. India's Tata Consultancy Services will report its April-June earnings, with particular attention paid to its performance relative to competitors amid AI advancements. The week concludes with a closely watched state election in Johor, Malaysia, seen as a barometer for Prime Minister Anwar Ibrahim's government.