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Brics

Brics
Brics (an acronym for Brazil, Russia, India, China and South Africa) refers to an association of leading emerging markets. South Africa joined the group in 2010.
last updated:
24 October, 2024
Brazil’s President Luiz Inacio Lula da Silva (left) with Indonesia’s President Prabowo Subianto at the G20 summit in Rio de Janeiro, Brazil, on November 18. Brazil, which holds the rotating Brics presidency in 2025, announced on January 6 that Indonesia had become a full member of the bloc. Photo: AFP/Brazilian presidency
Asean

Opinion | Why Southeast Asia’s participation in Brics matters

With Indonesia joining the grouping and Malaysia and Thailand as partner countries, Brics has acquired not just mineral-rich members but also key Asean voices.

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Indonesia

Indonesia to keep pushing for South China Sea code, expand defence ties

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US-China relations

US urged to bolster Global South ties to counter China-Russia partnership

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Indonesia

Is Indonesia’s Brics entry a ‘strategic hedge’ or challenge to US interests?

The move, championed by Prabowo, reflects a bid to elevate Indonesia’s global standing – but could complicate ties with the US under Trump.

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US president-elect Donald Trump has threatened to impose tariffs of up to 100 per cent on Brics members. Photo: Reuters
Indonesia

Indonesia joins Brics as newest full member: Brazil foreign ministry

Addition of world’s fourth-most populous nation to group of major emerging national economies hailed as ‘deepening’ Global South cooperation.

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Indonesia

Indonesia admitted as full Brics member, Brazil confirms

Indonesia’s candidacy was endorsed by Brics leaders in August 2023, but it only opted to formally join after Prabowo Subianto took office.

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Banking & finance

Macroscope | Rising ‘United States of Eurasia’ will need a development bank to support it

From Eurasia’s vast potential to growing new development banks, emerging market economies are carrying more weight in a global economy.

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The Asian Infrastructure Investment Bank (AIIB) ninth annual conference in Samarkand, Uzbekistan. Photo: AIIB
Asean

Opinion | How Global South can resist US hegemony and its isolationism

Open engagement is key to countering both Donald Trump’s transactional nationalism and the US establishment’s drive for global hegemony.

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Vietnam

Vietnam’s hesitation on Brics highlights delicate US ties, economic consideration

Vietnam’s delay in joining Brics reflects its balance between strengthening ties with the US and the potential benefits of aligning with a bloc seen as a US counterweight.

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United States

My Take | How America ended up creating the adversarial Brics of today

What began as a newfangled investment theme for emerging economies now holds hope for those trying to flee US financial coercion and abuse.

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Indian Prime Minister Narendra Modi, Russian President Vladimir Putin and Chinese President Xi Jinping attend a family photo during the Brics summit in Kazan on October 23, 2024. Photo: AFP
US-China relations

Trump’s pick of Rubio as top US diplomat leaves Latin America bracing

Long-time outspoken China critic raises concerns in region he might press governments to choose sides between Washington and Beijing.

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Donald Trump and Marco Rubio share the stage at a campaign rally in Raleigh, North Carolina, on November 4, a day before the former US president won a second term. Photo: AP
United States

Opinion | Trump’s threats won’t hold back Brics push to de-dollarise

US dominance is pervasive but not infallible, and a divided Brics can still find common ground in the pursuit of a multipolar global order.

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Diplomacy

Opinion | Besides the border, 4 issues obstruct warmer China-India ties

Both nations share similarities but also sharp differences in how they see the international order, its future, multipolarity and the Global South.

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Asean

Asian Angle | Why Asean’s neutrality is our greatest asset in a divided world

As Malaysia prepares to assume the 2025 Asean chair, its trade minister argues for a unified approach to navigate the US-China rivalry.

Malaysia’s Defence Minister Mohamed Khaled Nordin receives an Asean emblem at the handover of Asean chairmanship in Laos on November 21. Photo: AP
Ukraine war

Xi Jinping tells Medvedev China seeks political solution to Ukraine crisis

China’s president says two countries should ‘promote the development of the international order in a more just and reasonable direction’.

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Russian Security Council deputy chairman and the head of the United Russia party Dmitry Medvedev, left, and Chinese President Xi Jinping meet in Beijing on Thursday. Photo: Sputnik Pool Photo via AP
US-China trade war

Outside In | Trump’s destructive impact on world trade could take decades to unravel

The president-elect is doubling down on policies that did not serve the US well during his first term in the White House.

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Asean

Will Trump’s tariff threat push Southeast Asian nations away from China-led Brics?

Analysts warn nations to consider the risks of joining Brics, which could bring economic gains but may alienate the US and lead to trade barriers.

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Ukraine war

How Trump’s push to end Ukraine war tips his hand on China, Russia

US president-elect likely to encounter difficulties given the three countries’ aligned interests in challenging the West, analysts say.

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Illustration: Davies Christian Surya
Currencies

Opinion | Trump’s fuming over unlikely ‘Brics currency’ belies risks of de-dollarisation

Trump’s threat of tariffs over a currency that will likely never exist is a reminder of how much clout the dollar has in the developing world.

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US-China relations

WTO boss urges middle powers to defend global system ahead of US-China trade war

Deepening fragmentation looms with Donald Trump’s return to White House and joint diplomacy needed, says re-elected Nigerian economist.

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US-China relations

Trump threatens Brics countries with huge tariff if they undercut US dollar

The group, which includes Brazil, Russia, India, China and others, discussed boosting non-dollar transactions at a recent summit.

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US President-elect Donald Trump gestures as he meets House Republicans on Capitol Hill on November 13. Photo: Reuters
Middle East

Opinion | Why Gulf countries don’t want to choose between China and the US

While Trump 2.0 could complicate the Gulf Cooperation Council’s relations with Beijing, member states are unlikely to sever ties with either power.

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Then-US president Donald Trump holds a chart showing defence sales next to Saudi Arabian Crown Prince Mohammed bin Salman in Washington, on March 20, 2018. Photo: AFP
United States

Opinion | World must forge ahead with globalisation, with or without the US

Washington has long resisted efforts to reform the Western-centric international order. Now Trump appears poised to withdraw from it altogether.

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United States

Opinion | With Trump 2.0, it will be every country for itself

Given Trump’s policy direction, the only conclusion for realists is that self-strengthening must be the main thrust in a fragmenting world order.

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Ukraine war

Malaysia’s Ukraine stance, closeness to Russia could harm its image: analysts

Kuala Lumpur’s refusal to condemn Moscow and growing ties with Putin in a bid to join the Brics bloc may undermine its non-aligned stance.

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Russian President Vladimir Putin (right) with Malaysian Prime Minister Anwar Ibrahim in Vladivostok. Photo: EPA-EFE
India

India’s Modi holds talks in Nigeria en route to G20

Prime Minister Narendra Modi met Nigeria’s President Bola Tinubu on Sunday, amid deepening ties between the two countries.

Prime Minister of India Narendra Modi addresses the “Summit of the Future” in the General Assembly hall at United Nations headquarters in New York City, US, on September 23. Photo: Reuters
Malaysia

Malaysia’s Anwar warns of impact from Trump’s plan to slap tariffs on imports

Prime Minister Anwar Ibrahim says any new US tariffs will affect Malaysia regardless of its links with Brics.

Malaysia

‘Great consequence’: Malaysia invites China to join Asean summit with Gulf bloc

Prime Minister Anwar Ibrahim says China’s presence at the Asean-GCC summit could help boost regional growth.

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