BRICS

INSIGHTS FROM CFA SOCIETY SINGAPORE

The ‘Rs’ challenging the US dollar: rupee, rouble, renminbi, real and rand

A new, more fragmented monetary order is emerging

Membership in the New Development Bank aligns Indonesia with a strategic partner whose footprint in the archipelago is already enormous.

Indonesia’s US$1 billion bet on the Global South

If Jakarta goes to the New Development Bank primarily for cheap loans, it could find itself repeating the very vulnerabilities it seeks to escape

Indonesian President Prabowo Subianto has also sought a higher profile for his country, which maintains a non-aligned foreign policy stance.

Indonesia assigns US$1 billion to Brics-led New Development Bank

The bloc also counts Egypt and the United Arab Emirates as members

US President Donald Trump has threatened harsher duties on countries accused of rerouting Chinese goods.

Tariff tracker: Clock’s up and where Asean countries landed

[SINGAPORE, JAKARTA, KUALA LUMPUR, HO CHI MINH] After much blood and sweat by South-east Asian policymakers in their talks with Washington to soften the sharp blow of US President Donald Trump’s steep...

Russia's President Vladimir Putin attends an extraordinary virtual summit of the Brics group of nations at the initiative of Brazil’s President Luiz Inacio Lula da Silva.

Brics leaders denounce protectionism, tariff ‘blackmail’

[BRASÍLIA] Leaders of the 11-member Brics bloc railed against economic protectionism and “tariff blackmail” during a virtual meeting on Monday (Sep 8) held amid a damaging trade war with US President ...

Brics, which includes South Africa, has increasingly drawn the ire of Trump as it expands with new members from Asia and the Middle East.

Xi and Putin to take part in Brics trade summit without Modi

Trump’s tariffs have further encouraged the bloc nations to increase ties with Beijing

The US has set different tariffs for different Brics nations, however, making it difficult for them to agree on a joint statement, according to the Brazilian officials.

Brics leaders schedule virtual meeting to discuss Trump tariffs

Brazil is now subject to 50% levies, although the US has exempted hundreds of goods such as airplanes and orange juice

The proposed US tariffs, which would kick in on Aug 27, have been called “unfair, unjustified and unreasonable” by Indian Prime Minister Narendra Modi’s government, which has vowed to “take all actions necessary to protect its national interests”.

India re-engages Russia and China after Trump spat

How will Delhi pivot East following the “unfair, unjustified and unreasonable” US tariff threats?

A Thai worker at a rice mill.  US tariffs have impacted key sectors across South-East Asia, including Thailand's agricultural products.

The Trump administration’s S-E Asia policy: a new era of pressure and diversification

Governments across the region find themselves caught in a difficult balancing act