South Korea's annual working hours fell by 32 hours last year but still exceed the OECD average, Yonhap reports

Indonesia's Prabowo launches subsidized housing loans for 62,000 homes worth 880 billion rupiah ($48.7M) in Central Java, expanding low-income housing access across 36 provinces.

Indonesian President Prabowo Subianto on Thursday inaugurated the mass signing of subsidized housing loans for 62,000 homes worth 880 billion rupiah (about 48.7 million U.S. dollars) in Batang, Central Java, with beneficiaries at 165 locations across 36 provinces, as part of efforts to expand housing access for low-income families.

Bank of Japan holds benchmark interest rate steady at 1% after two-day policy meeting, with majority vote to maintain the highest level since 1995.

The Bank of Japan decided by majority vote Friday to hold its benchmark interest rate steady at 1 percent following a two-day board meeting. The rate remains at its highest level since 1995, last raised from 0.75 percent in June after the BOJ's March 2024 exit from negative rates.

China's manufacturing PMI fell to 49.2 in July, down 1.1 percentage points from June, official data showed Friday.

China's manufacturing purchasing managers' index stood at 49.2 in July, down 1.1 percentage points from June, according to official data reported Friday from Beijing.

ASEAN+3 should accelerate AI, energy and digital payment integration to limit dollar dependence, regional research institute AMRO says Thursday

ASEAN+3 economies—ASEAN member states plus China, Japan, and South Korea—should accelerate integration of artificial intelligence, energy infrastructure, and digital payment systems to limit dependence on the U.S. dollar as AI reshapes global commerce, the ASEAN+3 Macroeconomic Research Office (AMRO) said Thursday, citing a commentary by its economists.