The article discusses various news topics from around the world, including a commentary on the challenges faced by medium-sized nations in this century and the potential of BRICS to become a new fulcrum of world politics. It also touches on the economic and political prospects of Europe, China's role as a climate leader, and the importance of independent directors in corporate governance. Additionally, it highlights concerns about the use of artificial intelligence by tech companies such as Sam Altman's company.
https://www.businesstimes.com.sg/opinion-features/pity-middle-sized-nations-worldThe G7, a group of non-communist nations formed in 1975, has faced challenges due to Russia's suspension in 2014 following its invasion of Ukraine. The BRICS countries, which include Brazil, Russia, India, China, and South Africa, have surpassed the G7 in terms of purchasing power parity since 2018 and now account for 35% of the world's GDP compared to the G7's 30%. The BRICS bloc has expanded to represent 45% of the global population, while the G7 accounts for only 10%. However, the group is responsible for 50% of global CO2 emissions. Russia, China, and Iran are pushing to compete with the US dollar as a reserve currency, but non-aligned members like Brazil and India may resist this strategy. The BRICS bloc is prioritizing integration and expansion, while also addressing sustainability and economic inequality concerns.
https://en.tempo.co/read/1962025/differences-between-brics-and-g7-which-one-is-strongerIndonesia's accession to the BRICS bloc is a strategic move that strengthens its position in global politics, particularly with major powers such as the United States and Western European countries. According to Deputy Chairperson of the People's Consultative Assembly Eddy Soeparno, this decision aligns with President Prabowo Subianto's mandate to adopt a free and active foreign policy while prioritizing national interests. By joining BRICS, Indonesia aims to expand its export market, increase economic growth to 7-8 percent, and tap into the bloc's significant economic influence, which has grown from 17 percent in 1995 to over 30 percent in 2022. This membership is expected to generate investment opportunities for infrastructure and renewable energy projects, as well as provide access to knowledge transfer from BRICS countries' specializations such as digitalization in India and technology in China.
https://en.antaranews.com/news/340694/brics-membership-to-boost-indonesias-influence-mprThe Indonesian government is urged to clearly communicate its position on joining the BRICS intergovernmental grouping to avoid misperception among global actors. Economist Wijayanto Samirin from Paramadina University suggests that Foreign Affairs Minister Sugiono should clarify Indonesia's stance, including through international news outlets, by emphasizing four key points: enhancing BRICS' role in driving economic cooperation, maintaining the existing international payment system, proceeding with OECD accession while highlighting its benefits for bargaining power, and reaffirming commitment to non-aligned geopolitical principles.
https://en.antaranews.com/news/340778/indonesia-must-make-stance-clear-after-joining-brics-expert?utm_source=antaranews&utm_medium=desktop&utm_campaign=popular_rightMalaysia has imposed provisional anti-dumping duties on polyethylene terephthalate (PET) imports from China and Indonesia, citing unfair trade practices. This move is part of a broader effort by the Singapore government to address longstanding issues in its relationship with Malaysia, according to Prime Minister Lee Hsien Loong. Meanwhile, Indonesia has joined the BRICS bloc as a full member, marking a significant step in President Prabowo Subianto's global ambitions. However, this move may also pose risks for Indonesia's economy. In other news, the Philippines has announced that it will remain vigilant on prices despite meeting its target, while Malaysia and Singapore are exploring opportunities to develop the Johor-Singapore Special Economic Zone.
https://www.businesstimes.com.sg/international/asean/progress-longstanding-issues-key-priority-singapore-malaysia-ties-2025-pm-wongThe Indonesian government has welcomed its full membership in the BRICS organization, a strategic partnership comprising nine countries including Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Indonesia's Foreign Affairs Ministry stated that it is committed to actively contributing to the organization's agenda, particularly in addressing global challenges such as climate change, food security, and public health. The country aims to play a role through BRICS in promoting a more inclusive and equitable global order, and is dedicated to working with other members for a just, peaceful, and prosperous world. Indonesia's involvement reflects its increased active role in the global arena and momentum towards increasing multilateral cooperation.
https://en.antaranews.com/news/340666/indonesia-to-tap-brics-for-mining-export-says-ministry?utm_source=antaranews&utm_medium=desktop&utm_campaign=popular_rightIndonesia's parliament is seeking to promote cooperation among the parliaments of BRICS countries to address issues such as economic justice and access to technology. As a new full member of BRICS, Indonesia aims to contribute actively to the group's goals. This move aligns with Indonesia's pursuit of membership in both the OECD and BRICS, which is seen as crucial for achieving national objectives.
https://en.antaranews.com/news/340546/brics-membership-must-benefit-indonesians-dpr?utm_source=antaranews&utm_medium=desktop&utm_campaign=top_newsIndonesia has officially joined the BRICS group of nations, a move that aligns with Brazil's theme for its presidency, which focuses on enhancing global south cooperation for more inclusive and sustainable governance. Indonesia formally expressed interest in joining after the establishment of its new government and was approved by consensus in 2024. The BRICS grouping was initially formed in 2006 by Russia, India, and China, and later expanded to include South Africa in 2010. In 2024, five new members - Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates - were added to the group, with Indonesia being the latest addition under Russia's chairmanship at the 16th BRICS Summit held in Kazan.
https://www.khaleejtimes.com/world/asia/brazil-announces-indonesia-as-new-member-of-bricsChina is committed to working with Indonesia and other BRICS members to strengthen their partnership and promote global governance reform. This move aligns with the trend of collective growth in the Global South, as stated by a spokesperson for China. The goal is to foster a more comprehensive, inclusive, and practical partnership that contributes to building a community with a shared future for mankind.
https://www.globaltimes.cn/page/202501/1326408.shtml