[Special Report] Malaysia's bid for BRICS - bold move or risky gamble?
ฝัง
- เผยแพร่เมื่อ 23 มิ.ย. 2024
- Prime Minister Anwar Ibrahim last Tuesday announced that Malaysia will soon start formal proceedings to join the BRICS geopolitical bloc.
What are the potential economic advantages, trade relations, and broader political and geopolitical implications for Malaysia of joining BRICS?
KiniTV speaks to several economists and experts to hear their views on this latest development.
Reporter: Daneyaa Ganesan
Producer: Azreen Madzlan
Brilliant ideas PMX. Ended Western Hegemony. Much ❤️.
Indeed good direction to sour our country economy am huge bricks market
Globalization ends without “Western Hegemony”. These guys will form a trading Bloc dominated by China and with increasingly diminishing regionalized markets.
Malaysia set to join BRICS, says Anwar.
🤣U$A EU suddenly felt Malaysia is lack of "Democracy" & "Human Rights"
Malaysia is more democratic and more human rights then the west. Look no further then the Gaza war
I was born there. I lived there for over decades. I left 10years ago. Malaysia democracy? I can laugh in front of everyone's face. Malaysia is fairy tale democracy. If you are none malay then you are a 2nd class citizen, even if you are moslem & not malay then you are still a 2nd class citizen unless you have to be malay & moslem the you are 1st class citizen. Those who ignore this then good luck & find yourself 👍😂
Thank u PMX for taking our country to the right side of history. We have wasted enough time already and have plenty to catch up with and while we wasted our time we also wasted and lost a lot of money and credibility and national prestige. Let's not waste anymore time because we have a lot of catching up to do and must avoid the situation where Malaysia can spiral downhill to economic ruin and destruction of our whole social fabric.
Mh 17 ist vergessen ?????!!!!
It's neither bold nor risky. It is what Malaysia suppose to do in view of the evolving global reality which is taking place, for the country to progress its development, growth and prosperity with Brics.
Spot on. What the bald guy fails to acknowledge is the economic colonialists policies of the US that is overbearing. Beyond the economic dimension lies the the greater pursuit of sovereign independence. OECD is just another tool like WHO, wto, wef, and so on.
The interest rate is high in the US, leading to capital outflow of Malaysia, and depreciation of Malaysia currency, resulting in constant inflation. All this because of relying on dollar as international trade currency. Malaysia knows this!
Malaysia is a sovereign nation that should decide on bold actions that will benefit itself. Nations are increasingly shunning the US dollar and more and more of them are attracted to join Brics. Malaysia should do likewise and unite with other nations, especially those in Brics, in a multipolar world.
his hand r tied like those in the UK n EU.
Malaysia was the victim of USD hegemony. It is sensible to have USD alternative. Monopoly is never a good thing.
In my opinion it's such a brilliant move. And perfectly timed.
Ong, we are only a developing country, NOT a country with high income.
I agree. Standard minimum wage is still rm1500 in my area. While South Korea minimum wage is rm14000. Dude is just taking one small portion of people as his point.
so sad to hear from fellow malaysian ex minister som more, give so negative comments. balik kpg tanam tebu lor. mat saleh gives more positive about benefits joining brics lah. konolized mindset dah? Let’s Go Malaysian, kita Boleh!
Malaysia should join BRICS
All think tank are "fund" by someone.
This mean they "work" for someone.
ONG, Malaysian , but doesn't mean he can't be bought.
Definitely is the right move to join BRICS.
It's always... "peaceful cooperation" better for everybody including Malaysia.
Der Abschuss von mh17 war also friedlich ?????!!!!
Look like Ong only remember Ukraine war & the West retaliation but has forgotten Gaza war.
Ong was referring to US sanctions rather than the war itself. US and Europe have been sanctioning China companies who have dealings with Russia.
Ong definitely have issue
Ong bought by the west ?
All think tank are "fund" by someone.
This mean they "work" for someone.
Malaysian , but doesn't mean he can't be bought
All think tank are "fund" by someone.
This mean they "work" for someone.
Malaysian , but doesn't mean he can't be bought.
Just like so many NG0 receiving foreign "donation"
*Congratulations good move Malaysia, a brilliant from Malaysia Madani Prime Minister Anwar Ibrahim 💖🇲🇾♥️*
How is Malaysia a high income country? Whose income is high? Only certain people in certain position. Majority of the rakyat is barely getting by. They do not have any savings. Even the "retired" group does not have enough money to live out their lives. Please do a reality check before making such statements that really fuel the resentment of the majority.
We are moving away from dollar, dont bother joining OECD
Not even Singapore, the wealthiest country in Asia by GDP per capita, is interested to join. 😂
@@philipjh6789 Singapore is just a small country, who relies mostly on finance service. The West is still dominant in the world's finance. So joining BRICS may not be beneficial to Singapore. Malaysia joins BRICS due to infrastructure, capital/loans (no need for WB/IMF), uplifting >10 millions people with digital transformation. Singapore is too small, what is there to build up anyway?
@@oceanwave4502 He meant OECD.
A country economy will be base on their currency now why do you think our country money devalue is all about what the FED is doing to hat effect not just Malaysia but in the global market even China So is better we use local currencies by exchanging then to lose more money Having US to act as middleman
If there isn't any limiting statute, apply for both trade pacts? Trade has always been a core part of Malaysia identity.
Good move PMX.
Thai + Msia BRICS Framework : 70mil pop + 34mil pop = 104mil pop. same as Vietnam 100mil / Philippines 110mil population. BRICS also discussed who should be into BRICS+ since some many countries applied. No All-In, Turkey as Nato has difficult, when Argentine / Saudi given up memberships make difficult to be members in future. Vietnam-Russia bases against Philippines-USA bases. Myanmar civil war. Spore / Cambodia have too small population markets and raw materials.
When the Empire (U$) tries their best to stop you, it means you must be doing something right for yourself.
It's neither a gamble or bold move , but the right thing to do. Just a matter of time, many sane countries will follow suit ; why should any sovereign country
continues to expose itself to threats and unfair treatments ?
MALAYSIA needs to join BRICS to get into huge markets & investment gor MULTILATERISM .
Please check is there actually a 50 year agreement. Please cite the documents
SAR is pegged to USD. Period.
There was never an agreement. This is just propaganda spread by Russia and China. Saudi Arabian currency is “pegged” to USD. They have also been investing billions into US energy economy. The US is looking at lifting sanctions with Saudi Arabia and possibly signing a military defense pact with the US.
Ong is quite limited/restricted in his knowledge on how a country can increase its trade and economy. The way forward is to allign with as many trade blocs and pacts as possible and not just stick to a one sided narrative. He has a very childish view about how the global economy works and how it impacts small countries such as Malaysia.
It is a good move not to use usd everytime we trade with other nation. Every time we trade with other nation, we need to pay fees to merica for no reason. What has merica got to do with our trade wit south africa for example? nothing. But merica force us to trade using their usd and pay them currency exchange fee, twice somemore. That alone will increase the cost unnecessarily.
My live my rules
This is the leader that is capable to meet world leader, has foresight and speak good English
But so what? China, Russia, Japan, etc etc have a lot of leaders who can't speak any English, and there's not a problem with that. They have even better foresight and are capable of meeting world leaders too. They are even better at managing their economies and can deliver on promises in good time too
it seems that Malaysia need some freedom and democracy.
Malaysia should continue its global non-alignment stance and advocate for its interests within the ASEAN region. Why should Malaysia align itself with a specific movement? Indonesia and Singapore have opted out of BRICS, which is exclusively named after its five founding states. Malaysia's entry would not alter the BRICS name and would place it under the influence of major powers. Malaysia can only prosper when it is stable in domestic politics and has a balance of foreign policies. Joining BRICS would be the wrong move with unnecessary cost!
Why fuss whether it is bold move or risky gamble? BlackRock already owns a good part of Malaysia and Malaysia is very happy crawling to it
It was very risky. Now, it's a total disaster since BRICS+ has frozen admitting new members for an unspecified time. It only enhanced my previous belief that the move to apply to join BRICS+ was done hastily without much groundwork and preparations. Normally, public announcements such as joining BRICS+ that is fraught with risk and carry huge cost-benefit consequences, would have been made when the deal has already been done, so as to avoid being caught in no-mans land such as Malaysia finding itself now.
Why a disaster? In the high stake economic and geopolitical global game, Malaysia has showed its hand to the world on where it stand as to the West and Global South. We are inviting economic repercussions from the west without getting any benefit siding with BRICS+ block. Foolhardy. Do better PMX.
Jai Hind. We can get more MYR for our exports by using local currency transactions.
When BRIC was first established, US and UN, IMF and world bank laughing out loud.
Today, all quiet and shivering.😅
Alang2 biar ke pangkal lengan...
Anwar is a true leader.
😂😂😂
I support PMX !
The empire will not allowed S'pore to join BRICS.
🤣But Seeing what Anh-Mor did , even S'pore also freaking out and de-ri$k d0110r
According to World Gold Council data, Singapore had 153.74 metric tons of gold at the end of 2022.
Thus, the 76.5 metric tons of gold added in 2023 represented a significant 49.8% rise in Singapore's gold reserves.
The Southeast Asian city-state now has 230.02 metric tons in gold reserves.14 Feb 2024
Probably the accumulation of gold is due to more options in a market for trade. The dollar won't just go away immediately and trading with gold is providing more options. What is reality, is many countries view today that a balanced economy requires many options for trade. The USD is monopoly by nature and well, everyone who has experienced monopoly situations will look at alternatives for trade. I believe while BRICS sets the precedence to have alternatives for trade. In the future there will be more options like BRICS and come with better cooperations. Everyone talks about USD hegemony. In the past, monopoly deals were a practice by most governments. Where there are monopoly minds, there will be others to work towards open concepts for more opportunities. 🤔
Interesting. But with so many countries glamouring to join BRICS it raises the question as to who is in charge. How will decisions be made? One member country one vote? You mean Malaysia with 30 million population and GDP 400 billion has equal say in the organization as China population 1.4 billion and GDP 18 trillion? That's the problem when an international organization is too big with too many members. Look at the UN. It gets bogged down into ineffectiveness with multiple interests pulling it in different directions.
I think in more logical terms, which is closer, China or USA. Would it make sense to be friendly to a Western superpower halfway across the world or the giant just a few hours flight away?
Mula dah geng US State Department tabur was-was.
Is not about following or not to follow is all about by following what do we get out of the situation then by not foolowing what we got to lose if we use local currencies like MYR to RMB then it will save us lots of money but if we use MYR to convert To USD surely we will be losing then till now the FED is not lowering down US interest rate in hence this will devalue our Malaysian currency
Just a BIG move to put Malaysia name at better, better place, Louder. If we unable to put in Olympics or World Cup here the place to go. Let's only our PM play. He works hard. no rest no wage taken.
Exactly the right move.
👍🏼👍🇲🇾👍🏼👍🇲🇾✊🏼💪
We must be different to the countries who wanted to be associated because they wanted an alternative group to fend the bully!
We have to make a decision!
That financial system of old is gonna collapse and be replaced. So its best imho to be prepared and get familiar with the new financial system being planned as we speak. Work with the old but be prepared for the new. PMX wud be stupid not to explore membership in BRICS. The bloc is bigger than the traditional West.
Malaysians are so excited to see Bank Negara going to dump the US$100+ billion reserves for 8+ Trillion Indian Rupees. Joy to the whole nation.
No more USD paper currency, no more war.
Russland führt einen Krieg . China bedroht Taiwan und die Philippinen . Mh 17 schon vergessen ???!!
Bold move wit a great idea..
Terbaik PM X Anwar Ibrahim Membawa Malaysia masa maju kehadapan.Alhamdulilah.
China GDP is now almost 50% higher than in Malaysia, which will stand to benefit its citizens linking up closely with China.
There is no hope of saving the declining ringgit under their rule - the past, present and future are going to be the same people with same policy. They have no idea or will never admit their mistakes. Their last hope is Brics!
Malaysia is accepted into BRICS July 1st
According to Russian Foreign Minister, Sergey Lavrov: BRICS+ dah tutup keahliaan baru utk sementara waktu, Jadi takder Malaysia atau Thailand. BRICS+ has suspended new memberships for now. So no Malaysia nor Thailand.
Sembang Kari ko ni
Who said are you russian or not.blyat
This is definitely risky.
Dream on Mr. Panner. China will never change its stand on South China Sea.
Cut the Woke colonisation bs and get on with it. For what matters Malaysia is an Apartheid state and still colonised by Bumiputera supremacists and nepos.
Kepala babak kau
Hope BRICS gets successful.
which countey would likw to join an aggruoation of counries with economies on the downturn like that of russia & china which are the pillars of brics...you guess...
Malaysians must agree to join BRICS.
Wegen Russland ist mh17 abgeschossen worden und nun wollt ihr mit Russland zusammen arbeiten ???!!!
Suddenly there are professors in the comment section. Stating this and that.
Let our PM move ahead, with all this negativity or but you think you are wiser, let him finish his term than do what you want to do, next general election.
MA•DA•NI
Dictionary
Definitions from Oxford Languages · Learn more
noun
noun: madani; plural noun: madanon
Never choose sides, negara madani...
BRICS will not conduct sanctions on members!?..✌️😊✌️🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦🇲🇾
U know I know what ; 😊 but currency has dipped n our leaders expect russia n china to transfer their gold reserves to Malaysia to push up the ringgit - big hopes
What? Care to explain why need to transfer gold???
Malaysia ASEAN 2025 noted..✌️😊✌️🇲🇾
When you trade with Brics countries and when you expect others to pay in their own currency, what you want to do with their currency ? Even with our ringgit, others will just sell and convert to dollar. Cause when you have billions of Rupees, RMB, Brazilian what you want to buy from them ? Can you buy high tech machine to up level productivity ?
well to my cina brethens . let's see if his handlers would allow it.. I bet Nott. he can't even save his own airport from.them.
As a Malaysian... I prefer Moscow rather than Washington...
I prefer Beijing rather than Tokyo or Seoul...
Stop western hegemony!
Russland hat mh17 abgeschossen . Respekt für deine Einstellung . Also mh 17 schon vergessen ???!!
Petronas station at Brazil now
Npknya Malaysia nk singkirkan pengaruh barat dan ke arah tembok besar.
Anwar quitely build up your country like Singapore. We better mind our own business. Ok.. please see how you can reduce the RACE AND RELIGION PROBLEM.
Jgn pakai dolar dah..kita negara pengeluar minyak..minyak pok baru 60 dollar 1 drum..itu pon amerika yg pegang..jatuhkan dollar
如果天真可以制國家...
I didn’t vote for this ! Is a stupid move
Because u scared of China!
@@amirulhakimi9264 Malaysia even more scared of the US!
You fear the unknown bcos you're ignorant. That's why you don't want Malaysia to join BRICS. Just like you fear the jungle bcos you don't know what to expect. Ignorant makes you fear the unknown. You fear the exam bcos you don't study. That's why ignorant makes you afraid of the exam.
Malaysia wants to join BRICS bcos the PM does his homework and knows the economic benefits. Malaysia is an emerging economy and will match Singapore economic prosperity. Singapore relies on US for economic prosperity. That's why S'pore has a US$60 billion Federal Reserve Liquidity currency swap with US (If u don't know what is this, that's your homework 😂). Now that dedolarization is accelerating, S'pore is facing slow economic growth and stagnant. M'sia is rising at a faster rate, has lower labor cost and with China's help in port development along the Malacca Strait, S'pore port will face serious challenges. In addition, the cost of living in Spore has increased tremendously making economic growth to slow dwn. Do you know that about 35 - 40% of the global trade in Asia pass thru' Malacca Strait? When M'sia establish an entre port at Malacca, it will take business away from S'pore. It worries Spore!! So, joining BRICS will accelerate M'sia's economic prosperity bcos China is the world's largest manufacturing export passing thru the Malacca Strait!!
@@HeresMyViewdamn bruh you absolutely crushed that dude with these FACTS 🗣️
Want to join BRICS but same time pro-america
Who say Malaysia Pro America...? U doesn't have to be a communist to realize US is the biggest terrorist in the world...
hift not to BRICCS
Bismillah . . . . ! BRICS is not the solution to Global Problems but to Unite Nations by (God) Allah's SWT Command to Rule and Govern by the Quran Alone with Islam as the authorized Religion. Mash'Allah! Allahu'akbar!
This also not make our country maju lah unless abolish the melayu supremacy
It's time to end the West Bullying. They need to be Humble
3 sen idea.. good move😅
Disconnect from reality
This is dangerous
Meanwhile, Sin-city is asking papa, USA for permission to join BRICS
I wonder Microsoft will force to pull out their investment after Malaysia joined BRICS.
Microsoft is a big investor in China. And China is in BRICS
@@soshyaldistansingh6628 and Microsoft already pull out their cloud expertise and ai expertise from China. Check the news
Not a gamble Good afternoon PM Ebrahim ❤️🇲🇾🦾😇
Oh Russia? South Africa ? Iran? Brazil? so it’s the alliance of pariah
Like spartacus, a slave, he showed Rome the middle finger. Pariah or not, history seems to be tilting in their favor.
Pariah calling pariah...
Us puppet?
@@mohamedafendymohamedrafi287usa slave and lapdog for that AlohaSuckbar
Das sind Länder in deinen Menschenrechte grosse Bedeutung haben 😂😂😂😂😂😂😂