Search result for: "economy"


Is BRICS Resilient And Powerful Enough?

BRICS is an intergovernmental organization established in 2006 comprising Brazil, Russia, India, China and South Africa, originally slated to foster deeper economic ties and political dialogue among the member countries. It was set up primarily as an alternative bloc as a rival to the Western led order of the then Group of 8 (G8) and the established Western led institutions of IMF and the World Bank, in providing a new movement led by Russia and China. 
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Time To Terminate US Counter-Terrorism Programs In Africa

WASHINGTON, US: Every so often I am reminded of how counter-productive US engagement in the world has become. Of how, after miserable failure after failure, this country’s foreign policy makers keep trying to run the globe and fail again. From the strategic defeats in Iraq and Afghanistan to the feckless effort to sway the excessive Israeli military operation in Gaza, the US has squandered its power, exceeded its capabilities, and just plain failed.
 
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De-dollarisation, Economic Diversification Attract Malaysia to BRICS

NEW DELHI, India: Malaysia would soon begin the process of joining the BRICS grouping, Prime Minister Anwar Ibrahim told a Chinese publication Guancha this week. Earlier, Thailand also expressed a formal interest in joining the Global South grouping.
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Russia Outlines New National Development Goals

KUALA LUMPUR, Malaysia: On May 7, President Putin signed a decree on the national development goals of Russia until 2030 and for the future until 2036. There are seven of them in total, and each goal is designed to “improve the well-being and quality of life of Russian families,” he noted in his inaugural speech.
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Tanking Think Tank

KUALA LUMPUR, Malaysia: Since the 14th General Election (GE14), Malaysia has witnessed a whirlwind of transformative changes, with the nation eagerly anticipating the fulfillment of Pakatan Harapan’s ambitious election promises.
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BRICS And De-Dollarization, How Far Can It Go?

WASHINGTON, US: As the current chair of BRICS, Russia is pursuing a rather extensive agenda related to finance that includes enhancing the role of member countries in the international monetary and financial system and developing interbank cooperation and settlements in national currencies.
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Don’t Believe The AI Hype

NEW YORK, US: According to tech leaders and many pundits and academics, artificial intelligence is poised to transform the world as we know it through unprecedented productivity gains.
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Turkey's Government Enables Terrorists

NEW YORK, US: Since 2002, Turkey has been ruled by the Islamist government of Recep Tayyip Erdogan, a vocal supporter of the Muslim Brotherhood (MB), a movement that seeks to establish a worldwide Islamic caliphate based on Islamic sharia law.
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Malaysia Must Prepare For An Economic Slowdown

BANGKOK, Thailand: With the latest World Bank’s forecast warning that most economies will grow much slower in 2024 and 2025, Malaysia must be very cautious as the local economy is directly exposed to global events.
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Petrol Pain Coming For Malaysia’s Elderly

MELBOURNE, Australia: Plans to remove Malaysia’s fuel subsidies are set to add to cost of living challenges, particularly for its elderly population who rely heavily on fixed incomes.
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Russo-Ukrainian War: Widening The Front

SMO: There are certain regions of the world that seemed destined by the cruel caprice of geography and chance to be perennial battlegrounds.
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South Korea Faces Blowback Over Ill Advised Involvement In Ukraine Conflict

Back in August last year, analysts from the influential American newspaper Financial Times reported the signing of an agreement between the US, South Korea and Bulgaria on a comprehensive exchange of 155 mm artillery ammunition, as a result of which South Korean shells were at the disposal of the Ukrainian Armed Forces. 
 
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Women In The Workforce

KUALA LUMPUR, Malaysia: Malaysia is honoured to attend the Joint Meeting of Ministers Responsible for Women and Ministers Responsible for Trade. I am representing Malaysia’s Investment, Trade and Industry Minister Tengku Zafrul Aziz, who is traveling with the Prime Minister and therefore can’t join us today. Both Tengku Zafrul and I thank our Peruvian colleagues for hosting APEC 2024.
 
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Three Decades, Three Paradigm Shifts: How The Internet Transformed China

BEIJING, China: On April 20, 1994, China established its first full internet access, marking a profound transformative phase in various aspects of the country's economic and social spheres over the next three decades. I will not dwell on the significance of the internet to the Chinese economy. Instead, I aim to explore how the internet has influenced Chinese social paradigms.
 
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Xi’s Whirlwind European Tour, Playing Mediator To Mixed Reviews

WASHINGTON, US: When Chinese President Xi Jinping arrived in France this week, the world’s conflicts were top of mind. Press reports tended to fixate on whether French President Emmanuel Macron could press Xi to distance himself from Russia. But ultimately, the leaders’ focus drifted farther south.
 
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Malaysia’s Growing Role In Shifting Power Game In Chip Industry

KUALA LUMPUR, Malaysia: Semiconductors are critical components found in everything from smartphones to automobiles, have regained their critical importance in global geopolitical contests and are at the forefront of the US – China rivalry on technology and supremacy in the power equation.
 
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Collapse Of US Regional Bank Raises Red Flag For Big Shocks

BEIJING, China: One year after the collapse of Silicon Valley Bank and several other US lenders, another regional bank has crumbled, re-igniting concerns about the adverse impact of the US Federal Reserve's monetary tightening.
 
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