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Malaysia has set its sights on becoming Southeast Asia’s hub for electric vehicle (EV) production, Prime Minister Anwar Ibrahim said as he welcomed a US$500 million investment by South Korean car giant Hyundai Motor to build a second assembly plant in the region. Trade-reliant Malaysia has been seeking new investors and markets over the past […]
However, the official did confirm to Parliament that BRICS was working to increase trade among its members in their own currencies. Source link
The continent’s leaders are committed to strengthening cooperation with Russia and resisting Western pressure, Mikhail Bogdanov has said African countries are keen to explore pathways to join BRICS and deepen their engagement with the group, Russian Deputy Minister of Foreign Affairs Mikhail Bogdanov told TASS after the inaugural Ministerial Conference of the Russia-Africa Partnership Forum. […]
In October, Russian President Vladimir Putin confirmed that the BRICS nations are in discussions about using digital currencies to reduce Western influence on fintech. Currently, the group is considering the creation of a digital assets platform aimed at reducing reliance on US dollars for international transactions. President Putin has expressed support for this initiative, highlighting […]
Chinese President Xi Jinping has said Indonesia should join Beijing in leading the Global South as the country’s new leader Prabowo Subinato visited the country this weekend. “As large developing countries and key members of the Global South, China and Indonesia should jointly promote Asian values centred on peace, cooperation, inclusiveness and integration,” Xi said. […]
Senate Minority Leader Aquilino “Koko” Pimentel III urged President Ferdinand “Bongbong” Marcos Jr. to reassess his position regarding the International Criminal Court (ICC) and consider rejoining the international tribunal. Pimentel made the call before members of the diplomatic community during a foreign policy address at the Department of Foreign Affairs on Friday. The senator said […]
A recent international summit provided John Shipton with a platform to discuss the state of the world’s leading nations and the downfall of the USA. Dr John Jiggens writes. THE RECENT BRICS summit in Kazan summed up the results of the Russian presidency of the organisation in 2024. John Shipton, an Australian activist and the […]
In just one week, two encounters in different parts of the world showed the balance Indonesia is trying to strike between its strategic and economic interests. Indonesian President Prabowo Subianto will perform that balancing act again later this month when he visits Beijing on a multistop trip to raise Jakarta’s international standing. Observers say there […]
Not only has his government expressed its desire to join Brics, but it’s also set to engage in the country’s first naval drills with Russia – all while the president himself plans a globe-spanning five-nation diplomatic tour. Though rooted in Indonesia’s long-standing “bebas dan aktif” (independent and active) foreign policy tradition, analysts say the West […]
There’s been plenty of invective and grandiose ambitions at Vladimir Putin’s recent hosting of the BRICS summit in Kazan, Russia. But amid all the noise, is BRICS the future? Jim O’Neill, the Goldman Sachs analyst who conceived the acronym for the then-emerging markets of Brazil, Russia, India, and China 23 years ago (the “S,” for […]