Monetary Policy Watch: The Bangko Sentral ng Pilipinas eased pressure to hike rates after Q2 growth slowed to 2.3% and inflation cooled, with core inflation showing early moderation even as headline inflation stayed above target. Budget & Planning: Malaysia’s Economy Ministry says it’s in the final stage of screening 2027 development spending proposals for the Second Rolling Plan, aiming to submit recommendations to the Finance Ministry by mid-August. Climate & Growth: Europe’s heat and drought are already cutting into output, with analysts warning the damage could wipe about 1% of EU GDP and disrupt power, shipping, agriculture, and public health. Energy & Trade Risk: Iran’s “low-keying” stance and ongoing Strait of Hormuz pressure keep global oil and shipping jittery, while Iraq’s Kurdistan region warns export routes and budgets are taking a hit. AI & Markets: A warning on AI profitability says profits in the AI value chain are being funded by investors more than customer demand, raising bubble concerns. Regional Economy & Jobs: South Korea’s STEM talent shows low startup appetite, while Georgia’s census data points to a shrinking share of economically active people. Business & Investment: IFC plans ₹225 crore into NDR Smart Spaces to expand Grade A warehousing and logistics, targeting tens of thousands of jobs. Local Living Standards: Nigeria’s presidency defends Tinubu reforms as “empty vaults” and debt were inherited, arguing today’s pain is needed for stability.