Singapore sanction of Russia is an example of UN Charter of respecting a State sovereignty and territorial integrity " way of saying " Hey , don't anyhow for whatever historical and political reason/ baggage for a big bully to attempt to eat up a small tiny state.
@@adamiskandar5107 because Russia have veto powers. UN is flawed the 5 permanent members are sham, they don't serve for humanity. China, Russia, USA, France and UK all play 5D chess and less powerful states are a piece on their chessboard. Their ultimate goal is to enrich themselves.
@@maxp670 Sanctions are uses by big States to bully tiny states like Cuba, Venezuela. The war in Ukraine could have been avoided if only they had implemented the Minsk Agreements, which they signed but like what ex Chancellor of Germany Angela Makel said the Minsk Agreement was to give Ukraine time to build up its military, Russia seen thru this and are not going to wait for the West to arm Ukraine to the teeth.
Strongly support Malaysia joining BRICS. No different than signing up CPTPP. Now there’s category called ‘BRICS partner’ instead of outright membership, making it more feasible
No problem. It was an invitation but “not” required or forced. BRICS+ is here to stay, when Countries/Nations are ready to free from Western Hegemony .👍
@@jameschalkwig787Please broaden your scope on Indonesia. We have other china major car and battery manufacturers investing here, including Korea's Kia and LG. In 2025, Freeport will complete the world's largest single-line copper cathode plant in Gresik. Vale's nickel plant is also progressing quite well. In infrastructure, the extension of the Woosh train to Surabaya will commence as soon as Prabowo takes office. And China's 5G network in IKN is on the list as well...😊... I pray for Brics to keep going strong!! Indonesia can deal with any bricks nation and surely welcome to go along with brics policies as western policies ... just to let them know.... SUCKS 😂 their current policies are driven by leaders with severe emotional damage.
I think Malaysia was not 'invited'. Malaysia requested to join the BRICS on its own accord without consultation with ASEAN members. Same for Thailand. Let's hope there wouldn't be any conflict of interest in future affecting unity of the ASEAN.
@@limjan1667that's not true. We see from the get go that the new PM did not suck the nation's riches into his own pockets, unlike most of the previous PM, costing MY billions of losses.
Singapore is aligned with USA interest. If the narrative is non aligned which is a fundamental of ASEAN countries, then Singapore should not allowed USA military interest be allowed on Singapore land.
Singapore since the very beginning already on the western side. I think they were the only Asean country that sanction Russia? So there is no such thing applying to be BRICS member for singapore to begin with.
@@juvezhang1715..haha.. when the US dollar becomes toilet paper .Singapore will be drinking seawater. The rests of SEAsian countries would stop using US dollars and transacts using BRICS digital currency called The Unit.
Definitely a good thing for Malaysia to join BRICS. We need trade and foreign investments and not geopolitics. BRICS is our best option. We are different from Singapore because we didn't sanction Russia for the Ukraine war and we didn't join the West to put any caps on Russian oil like what Singapore did. We only sanction when it is legally approved by the UN and not by any other countries. Singapore even if it wants to join BRICS will not be accepted because of their past political act against Russia
Do you approve of what Putin is doing to Ukraine???? Do you approve of Xi ‚s aggression in the SCS??? Be BETTER informed!!!! And STOP talking nonsense!!!!
Indonesian people consider BRICS as anti-west (west challenger). Indonesia is always persistent with Non-Block. You can work together with US and China at the same time.
@@dangerousvillain7278 Indonesia forgot what happen in 1997, the dumping of rupiah by Soros. Why do you think Malaysia is always to find ways to dedollarised. Doesn't mean that by joining BRICS a country have to stop trading with the west, it just meant we want to trade using our own currency hence to protect, no ties to USA dollar.
yup, Singapore despite their economic success, their economy is easily railed. they can't afford to risk their efficient heavily specialized planning over huge changes. efficient yes, flexibility none. high risk in the fast change global dynamic.
With Russia and China it would be „Non-Rules-Order“ They accept only their rules. When a dictator like Putin or XiPing has no respect for the citizens of its own country - sacrificing half a million young men in a dirty colonial war in the Ukraina / torturing 1 Mio Uighures in concentration camps - when they poison and murder opponents - why should they respect you? They respect only brutal power. We Europeans make our own rules and USA often enough hates it - but we can do it because we have overcome our historical enmities and formed the EU. When do your Asians overcome your traditional enmities? With every neighbor-country you have frictions and hostilities. Imagine Japan, Korea, China, Taiwan, Vietnam, Thailand, Malaysia, Singapore and Indonesia would be all stabil democracies and found an Union of Asia? Imagine the economic power of this Union. Instead of blubbering about western dominance you must notice how you hamper yourself with your silly disunity.
It's not anti-western movement, but rather to take control of our own economies especially among developing countries. When was the last time you heard developing countries changed to developed countries? So many developing countries facing middle-income trap, including Malaysia, despite doing good economically. What prevented them? This is the list I can think of: 1) Dependency on US dollar - Depending on US dollar has pros and cons, but one of the cons is it will usually benefit US dollar in terms of value, and any other country's interest rate also may need to follow US interest rate, to balance that country's currency value VS dollar, making local companies suffers due to expensive loan cost. One of the example I can think of is what happened to Turkiye (due tried to balance VS both US dollar and Euro). 2) Developing countries will always be target of sanctions - Iran, Russia, Libya, South Sudan, North Korea, Cuba, Syria, Venezuela, Lebanon, Yemen, Iraq, Belarus, etc, either fully sanctioned or categorically sanctioned, even some of Malaysia's companies got banned by US (companies in other countries also may be listed as banned, but I am don't have the list), and China also always been threatend to trade ban, or high tariff, its only matter of time these countries will work together and not depending on the western countries. What does anything produced in western countries which can't be produced the same in these countries? EU always trying to limit the number of trade goods into EU market, for example palm oil products facing many regulations and propaganda, which we know the ultimate purpose is to balance trade EU and non-EU. 3) Dependency on western-funded monetary bodies - IMF is known as money lenders to developing countries, but many don't realize how high the interest rate is, many developing countries had difficulties paying back the loan, for example after Asian financial crisis 1997. Asian countries or developing countries need their own monetary fund, where they can help each other economies to grow, rather than to make money. I understand Singapore is over-exposed to western economies, and Indonesia in contra, I think is less vulnurable to western economy and politic, so no need to take unnecessary risk. Which is why the reason, they won't join Brics, but countries like Malaysia now need to make choice either to continue highly dependent to western economies, or rise together with other developing countries. Indonesia may not need to make this choice right now, but they may need to in future. Malaysia is not anti-western, but we need more diversification in terms of economics partner. We are too small to be self-independent, yet its not smart too much dependent to only one side.
My answer to the question, why not?? Malaysia and Thailand are thinking of their currency being manipulated by the US Dollar although our enonomic fundimental is good. Anyway malaysia and Thailand can always trade with US and euro. US and Euro has been our trading partner for ages Thailand being neutral for so long is an expert in diplomacy and manage to be free from colonial powers for centuries. Don't you think thailand and malaysia were wrong to join brics+
I am not sure if its wrong to join BRICS. Malaysia already has bilateral arrangement with China and India to trade in local currency. Why can't we more such bilateral arrangements with the other main trading partners in BRICS without joining the grouping?
@@dr.ilangokaruppannan Joining BRICS means you can trade in your own currencies instead of trading in US dollars. Joining makes the alliance stronger. Just like Europe. They also have bilateral arrangement with one another to trade in local currency, but now they join EURO and have one common currency called the EURO. In future, BRICS may come up with a common currency called .....
Am Indonesian. Indonesia should not join BRICS, there is no clear benefit and BRICS may soon be deadlocked due to their questionable existing and new members (China & India? Iran and nearly joining Saudi Arabia? Rly?), and joining BRICS may carry real risk of being seen as joining one side in this new Cold War, that's not good for the economy. Joining OECD is much better instead, we will be able to learn good practices and apply tested policies for economic development. That's what we Indonesians want. Why would Malaysia be interested in joining BRICS, given the reasons above?
In short , SIngapore and Indonesia wanna stay outside of the fight . and join the winner after . Given that Indonesia are largest Muslim country on earth ( 270+ m ppl ) and being largest of Asean economic group . Singapore much smaller in size and populations but being 2nd seat right behind Indonesia in economic in Asean .
Indonesia does not prohibit its entrepreneurs from investing outside the country, this is very important if Indonesia wants to become an ASIAN POWER. Indonesia's policy is very stupid, they don't have a monopoly policy like China and the US. Indonesia experiences money leaks every year, they send money to Saudi Arabia, Singapore, the Philippines, Cambodia, Thailand. They are not professional people to manage that much natural resources. Indonesians gamble online every year, equivalent to India's military budget every year. And the servers are in ASEAN countries, such as Cambodia, the Philippines, Singapore, Malaysia. Because in Indonesia gambling is illegal, the dealer cannot be in Indonesia.
WHICH NATIONS WANT TO JOIN BRICS AND WHY? Over 40 countries, including Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, and Kazakhstan have expressed interest in joining the forum, according to 2023 summit chair South Africa.
ASIEAN first: Indonesia prioritizes the basis of ASEAN economic stability, because of the importance of equality and stability. How can you join another new platform, if the region itself is still not established? Susceptibility to change character will create distrust and tend to be detrimental. Indonesia has been on a strong independent political path and has been tested by global dynamics, and will be the same in the future.🙏
@@ua697They have no money? They dont have the debt that the OECD and G7 economies have today which are like 1/5 of the global debt. BRICS will be the next global superpower base. Those that dont join will lose out later when the superpower base changes.
Singapore & Indonesia have been supporting US for decades and will never join BRICS but will allow US to create a tension in the Malacca strait to protect its interest rather than allowing China to control the strait.
BRICS has stopped accepting new members. A good move as there is much to be synchronised. Therefore, "whys" are not relevant at this point in time. Expressing interest to join and being accepted are two separate things
The reasons for Singapore for not joining BRICS is different from Indonesia. Singapore joined the US to sanction Russia for the war in Ukraine, how can it join the block.Indonesia with a population of +- 250M, they pocess they own strength in every sector, so they can just wait and see. As for Malaysia, joining BRICS is mostly for economic reasons, and also relatively small for bringing any impact to world issues. About the video presentation, a lot can be done to improve the quality..
Oh ya sir i think for quality video what i see about difrent utuber u must have 1 or2 equipment like chair or table u can stand or sit.its what i think@@dr.ilangokaruppannan
Add table sir it can mske people yhink u make video in work place thwt make add mor valuable for ur speech ,couse people think good spech come from winner( rixh people ) or people with high rank o@@dr.ilangokaruppannan
@bowarrow9147....you are absolutely correct about the reason Singapore cannot join BRICS. I was really surprised and puzzled when Singapore followed the US, UK and EU to sanction Russia. Why????? Singapore could easily stay neutral and not make Russia an 'enemy'.
Indonesia team dengan Singapura negara maju,mana nak berkawan dengan negara baru membangun😅😅😅Malaysia bijaksana kerana berfikir panjang kerana tidak terlalu bergantung kepada negara barat yang selama ini menjadi penyebab mata wang dunia meningkat mengikut kehendak US dolar, sekarang malaysia mempunyai kelebihan kerana boleh berurusan dengan negara dibawa BRICS atau negara G7 terserah atas keperluan negara.
China is Singapore’s largest trading partner while the US provides Singapore’s largest single country FDI investment. Therein lies the answer. We don’t choose sides to stay alive.
You can see that there are problems brewing in the countries wanting to join BRICS, namely Thailand and Malaysia. Some western nation are stirring up trouble at the border of these two countries, that is the recent bombing at the border
Under BRICS requirement, Singapore is not qualify to under their condition as it does not have population count and only a small state that does not carry any weight. Join or not join, not a problem and it is not because Singapore voted in UN against Russia. These are big games that BIG countries play and even Indonesia does not feel they wanted to be in such an event.
Now it is perfectly alright to join if you are ready. When the time comes to be counted and the big countries will begin to take its places every countries will toss its weight around to be the Head and leads and as the saying goes in a western cowboy & Indians movies everyone wanted to be the chief, who wants to be the Indians? The argument and unhappiness begins. What then, each one take turn to be chief and if there are 50 countries, you have to wait 50 years to be chief that is if 1 country on a 1 year basis.
What a bird brain bullshiting here who tell you BRICS requirement Singapore is small country cannot join BRICS ??? Reason Singapore not joining BRISC because Singapore sanction Russia. Don't look down on Singapore a small country she is no 1 riches country in Asia and 4 riches country in the world with GDP $525.23 billion.
No need to think much. Leave the strategic thinking to the ones who are capable of profound and in depth thinking. Just follow what Singapore do and you are good to go. In order to succeed, one should replicate and just follow the footsteps of the winners. Deviate, and you invariably will invite trouble.
Non aligned is the best policy, and not just diplomatically and economically but militarily. It is best not to be swept up in any regional or worldwide war. Always be neutral and spectator.
but basically only countries with large populations and strong militaries can implement this. Luckily, Singapore is protected by Indonesian military territory. but Singapore runs its economy very well.
@@ricosubekti1450WHAT?? Singapore is not protected by Indonesia, Singapore is protected by the US military. While Indonesia will soon has to decide their allegiance, it is too weak to go against the major powers.
Agree. Just wait and see. Even BRICS isn't exactly stable right now. India's membership in BRICS still doesn't stop China from claiming India's northern region.
remember Netherland and Belgium is neutral before WW2 . . if Indonesia in strategic location they will be invaded even they claim non alignment . . . its either have friend or no
as an indonesian.. i like indonesia just be like this and more focus and concern in asean, rather than join any blocks.. we have good trade and relation with china, russia, india, south africa.. we also have a good relation with US (not so good with the EU).. personal relation with the individual country are better than picking side of any block this day..
BRICS do not accept new members , but your analysis of reason for Indonesia and Singapore are not joining BRICS. BRICS is now only admitting ‘partner’ to BRICS .
@@dr.ilangokaruppannan Malaysia needs to join because Ringgit is under pressure due to USD high interest rate. But if Malaysia increases interest rate to defend ringgit, it will affect the economy in terms of inflation and export.
BRICS+ is led by Russia China India. Its members include Iran Saudi Arabia UAE : Malaysia trades more with China than US. Malaysia wants to dedollarlize .and use local currency to trade with China Russia India .both ways. Thailand is like-minded with Malaysia.
I think Malaysia sees potential for de-dollarization through BRICS given how the PM has entertained the idea of an Asian Monetary Fund since the beginning of his term. How far do you think de-dollarization can progress under the grouping? I'm inclined towards it being a massive logistical nightmare for all parties involved.
I suspect that de-dollarization will continue but it may not completely do away with it. But the bigger question is can we not enjoy those benefits without being in BRICS? Something to think about
For Indonesia, we just dont see that much econonic benefit with BRICS since their dominant economic player is only China and we've already been close economic partner bilaterally.
So narrow minded.. there's enormous business opportunities to be grabbed other than China in BRICS.. that's why Indonesia economically weak.. coz you all can't see all the hidden potential others have, only sees what's in front of your eyes.. in other terms, short sighted thinking..
@@JacksonJong-b9v dont think that just because Indonesia dont join BRICS they dont want to be free from those restrictions from US. Indonesia might have plan to form their own BRICS or doing similar decisions so they dont need fully depend on China, one of BRICS members. Also joining BRICS doesnt guarantee it will be succesful so ofc contigency plans needed and not rushing when they dont need to
I know Indonesian goverment is so corrupt that even the some citizens is not that different from those corrupt officials by doing gratifications or something similar. But I wish Indonesia take the right decision whilist improving themselves in every sectors and reduce corruptions
@@Abdul-HakeemAswad-he1gz ..Rules based order means things like non-interference, non-use of force etc. Because of the rules based order, we don't have wars etc. But what we see in Gaza etc is a blatant disregard of those rules by one state.That's the problem.
Singapore is staunch US ally and former British colony. Being that it could not depart from having strong rapport including economic and military. Singapore is the only ASEAN member which had a squadron of multi-million F-35s which could not fly without access to the secret codes cleared from US Defense embedded in aircrafts avionics.
Minister of Finance Sri Mulyani said that President Joko Widodo hopes that the OECD membership process can run well and quickly. Moreover, Indonesia has carried out a number of reforms to strengthen the Indonesian economy in accordance with the requirements for OECD membership. President Joko Widodo also brought the agenda for Indonesia to join the OECD to the G20 India Summit forum. In a bilateral meeting, he also asked for French support for Indonesia's membership process to become part of the OECD. Indonesia prefers to join the OECD rather than BRICS
@@absolootely2571 Indonesia adheres to a non-aligned policy regarding foreign relations. Not an ally of America, China or Russia. However, the OECD has more advantages than BRICS. 1. The OECD offers more opportunities to strengthen economic ties with more stable international partners, which is in line with Indonesia's vision to develop the national economy in a stable and sustainable framework. 2. Within BRICS, there are a number of disagreements between members, such as the border conflict between China and India, which could hinder economic cooperation. 3. The OECD has higher policy standards, which can help Indonesia implement more effective policy reforms. 4. The OECD provides access to a larger and more stable market, which can help Indonesia increase economic growth and investment The OECD does not fall under the "umbrella" of the United States or any other country in particular. Although the United States is one of the largest and most influential member countries in the OECD. Decisions in the OECD are made collectively by all member countries, and each member has one vote in the decision-making process.
I see Indonesia and Singapore have never shown interest in joining BRICS, instead Putin has directly offered it but subtly also specifically for Indonesia they rejected it. And they are very serious about joining the OECD and according to the news Indonesia has been approved to join but has to queue with other countries that have joined earlier. It's reasonable in my opinion with the economic strength of both countries like Indonesia and Singapore have a special place in the OECD
yeah, Mahbubani said that this weapon surpasses the hegemon's military might in terms of power. wait... isn't Mahbubani also a retired diplomat? hahaha looking at his wikipedia it's a no brainer who I'd rather listen to
I believe that Indonesia and Singapore and other ASEAN members would join BRICS eventually if they see Malaysia succeed in reaping many benefits from BRICS.
As many knows Singapore and Indonesia are a great allies of the US and their economic partners like EU and others for such a long time especially Singapore which is a great ally of the US and Israel so it's not surprising that they do not want to join BRICS since Russia and China which are great foes of the US and their allies are in BRICS together with their own supporters worldwide that intend to break the so long economic dominations of the US and their allies on the world's economy that have been existing for so long.
Actually Indonesia and US relation mostly on weapons, not in economy.. For economy relation BRICS (China) is the biggest economy relation and investment. Time change, history change, economy change and political is change. What the benefit to keep relationship with western imperialism ??
@@aninfo7957 ya,you are correct,it's time now to stop all these US and western hegemonies and their dominations upon world's currencies and economy and lets BRICS compete with them for fair competitions
If Malaysia chose to be indebted to China for life, she is free to do so but dont drag Singapore and Indonesia with KL. Malaysia is well-known to be anti-West, stop playing the morality card by tagging SEA to join Malaysia.
WHICH NATIONS WANT TO JOIN BRICS AND WHY? Over 40 countries, including Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, and Kazakhstan have expressed interest in joining the forum, according to 2023 summit chair South Africa.
Its not really a smart move. Rather its just being cautious. But for Singapore, they totally depend on US and EU countries so the impact will be worse for them if they join BRICS
The economic success of a country defends on the industry of its people & the efficiency of its government. No BRICS, no USA-dollars, no UN can make a country's economy successful though no "country is an island".
I would say these two countries make the right decision for not joining the BRICS. Simple reasons are that they might see that by joining the BRICS would be seen as aggressor or bully for a key member had gone to war in Ukraine as one of bad partner to be in BRICS alliances. By right, a warring state should be dropped out in order not to influence other countries or prevent smaller states to join BRICS in a friendly competition against existing established alliance for a better world order.
In short, Indonesia is Not sure if BRICS is about Geopolitics or Economic partnerships. If it's pure about Economic Partnership, Indonesia will happy to join.
Reason number 1 is, in my belief, the one that carries all of the other reasons for Indonesia. Every young diplomat joining MOFA or other agencies will have the Bebas Aktif doctrine planted in their head, for better or worse. The doctrine is an everyday reality for most Indonesian.
BRICS is fractious with Indo Chinese friction its better ASEAN be neutral and engage the West, India and China but be wary of China's ambitions in the Indian Ocean and its claims of totality of the South China Sea.China's economy is tithering on deflation and has overcapacity so Indonesia has imposed tariffs of up to 200% on Chinese imports. So have Turkey and Brazil
Please lah, Singapore is awaiting for the right time, just sit back and watch the drama first, no hurry to join anytime after it's and positive position of advantage of the best of both worlds.💯✅💪
BRICS is not the same as G7. BRICS doesn't put sanction on any nation, trade only. BRICS members don't meddle any country's affair. BRICS is not like NATO ganging up on countries that have disagreement. Malaysia and Thailand should join BRICS. Other small Asia countries are on the waiting list. Indonesia will apply someday.
Singapore is a financial hub with very low manufacturing investment. The BRIC nations possess high GDP in manufacturing spectrum that make sense to enjoy the free trade rule. Singapore adds value to BRIC as clearing house for financial work.
it actually because Indonesia and Singapore just have leadership change, defining trade policies would not be the first on the order of things to deal with. Indonesia and Singapore has presence in G20, so there is also no hurry to join BRICS+, we can join in the future. however Thailand and Malaysia does not have a seat on any global body, so BRICS+ member is the only way to get their POV heard on the global stage. ASEAN is no replacement for global forum, it not like we can talk about Israel in ASEAN.
You raised some good points but I don't think Malaysia and Thailand are looking at BRICS as a way of projecting the POV on teh global stage. It looks like they are focussed on the potential economic advantages.
The same way one can ask Malaysia. Why join BRICS? Given Malaysia policy is a lot similar to Indonesia and Singapore. These 6 reasons can be applied reversely to Malaysia, no?
china and russia are dominant because India is two faced , it wants to be in brics but serves the americans . If you want to be an alternative than you embrace it . India want its bread buttered on both sides .
It doesnt matter if singapore joins bric b ecause they don't bring much to the table compare to what they will benefit. As for Indonesia, they will eventually join BRIC in the end.
Actually a lot of BRICS nation's are very export oriented and have their own agricultural goods and commodities like Gas and Oil, while Singapore is largely dun have any locally produced goods.
Singapore is fully focused on upgrading itself to become US' strategic partner (similar to Quad, AUKUS, G7).. the current batch of new leaders are very pro-US..
I THINK MALAYSIA AS A SMALL NATION IN THE REGION SHOULD CONSIDER TO JOIN BRIGS IN ENHANCING OUR ECONOMIC INTEREST WITH THE BIGGER NATIONS REGIONALLY. POLITICAL AND ECONOMIC RELATIONS IS ALWAYS COMPLIMENTARY IN FORGING BETTER COOPERATION THAT SHOULD SUSTAIN BENEFITS OF OUR ALL ASEAN MEMBER COUNTRIES IN ORDER TO ENSURE OUR SOLITARY AS AN IMPORTANT ASEAN PARTNER REMAIN INTACT BASED ON THE SHARED PROSPERITY CONCEPT. MALAYSIA AS A SMALL NATION THOUGH CONSISTENT IN OUR PURSUANCE OF NEUTRALITY IN OUR FOREIGN POLICY CANNOT BE RULED OUT IN ISOLATION. THE UNDESIRED IMPACT FOR NOT JOINING BRIGS WILL NOT BE IN MALAYSIA'S INTEREST AND LONG TERM POLICY. CONSENSUS EFFORT TO MAINTAIN POLICY OF NEUTRALITY APPROACH IN THE MATTER WITHIN ASEAN.
Indonesia forgot what happen in 1997, the dumping of rupiah by Soros. Why do you think Malaysia is always to find ways to dedollarised. Doesn't mean that by joining BRICS a country have to stop trading with the west, it just meant we want to trade using our own currency hence to protect, no ties to USA dollar.
It wouldn't stabilize the currency. Plus BRICS will ruin Indonesia economy because only China will reap most benefits from BRICS. Even without joining BRICS, Indonesia's last e-commerce platform Tokopedia was recently bought by China's ByteDance & dumping of textile and ceramic products from China ruined Indonesia's textile and ceramic industry.
BRICS is making another mega move. Putin had proposed setting up an Agriculture Commodity Exchange to bypass the Chicago Mercantile Exchange, according to him it make no sense that price of commodity is not set by the producer and buyers instead by hedging and price manipulators in CME. With this BRICS members can also use commodities as currency this help those smaller or poorer countries having to buy US$ just to trade. For instant there is an infrastructure project between Iran and China which paid by oil.
WHICH NATIONS WANT TO JOIN BRICS AND WHY? Over 40 countries, including Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, and Kazakhstan have expressed interest in joining the forum, according to 2023 summit chair South Africa.
You are totally wrong about today’s Indonesia. It is not at all neutral. It is very aligned with US. It will take sometime for Indonesia to realize what they are missing.
Really? I would say Indonesia is somewhat alligned towards China, and mostly neutral. But of course neutrality is never tolerated in the American rule based order. You either bark at the command of America or be destroyed.
Excellent. The video gave some solid reasons why Indonesia and Singapore decided against joining BRICS. There could be other reaosns as well but what advantage did Malaysia see?
Headline inflation is similar in Singapore, Indonesia and Malaysia, however, Anwar Ibrahim has identified the US dollar as exporting inflation to his country. Joining BRICS is an avenue to end this problem. Singapore may be immune to this phenomenon, however, Indonesia merely aims to maintain it's overall sovereignty.
Singapore and indonesia are friends. SG has invested and helped indo in some ways. Cash rich indonesians having properties and businesses in SG. Likewise SG also have investments like in Bintan and such. SG helped 5 billion SGD to Indo. Indo is more steady, unlike China they played SG out of Suzhou park. Whatever you do, never trust the communist. Brics could be just the beginning of the game of these people, going for the poor.
Dr. Karuppannan, lots of love from an indian hindu here, as you can see from the comments here, everyone is fed up with colonial, western bullying going on since decades and centuries. Geopolitics however is not an emotional business, Malaysia is a rational state, what does Malaysia stand to gain from joining brics in these terms?
You are right. Its a world-wide phenomenon- people are fed up with the present order. But as you pointed out all countries have to make rational decisions to advance their interests.
Joining BRICS say that you know which side is winning. Not joining BRICS say that you are willing to cooperate with the "non-aligned, rules based" group and accept military bases in your country and trade tariffs and restrictions mandated by the group.
@@Nat_Ryder By not accepting forecully imposed military bases on the country soil do you mean to say that the BRICS is now providing protection to its members? Isn't it an economic organization?
Don't consider Singapore for your study, as Singapore is a tiny nation and very vulnerable and therefore it is very cautious for its longevity. It will side wherever the military strength is and currently it is US and EU nations. So as not to annoy it's masters it will not join BRICS. IF AFTER 10 years, the BRICS becomes more powerful both economy and military wise , don't be surprised that Singapore will again gears towards the BRICS.
BRICS are solid or hollow until use it then can tell is it worth joining, any agreement big or small on papers always looks " attractive " until hit the bricks that are solid hard to break it to continue by then its too late to return, just looked at those countries that joined in the first round they are not coping well with returns what invested or whether make economy sense or not any lose of money are always at the expense or ordinary folks that affected most, better be safe than sorry.
Frankly I not concerned what leader of Singapore or Indonesia for not joining the BRICS now or join later maybe. Their reasons based not related to Malaysian interest. As long of PM Anwar, decided for best Malaysian people welfare and livehood by joining BRICS surely I would support him.
WHICH NATIONS WANT TO JOIN BRICS AND WHY? Over 40 countries, including Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, and Kazakhstan have expressed interest in joining the forum, according to 2023 summit chair South Africa.
Reason Number 7 and the real reason. The Malaysian ruling party sees this as an opportunity to score political points with both the anti-West and pro-China elements of its population (which are both rather strong due to toxic racial and religious politics endemic in Malaysia) in order to win the next election. Singapore and Indonesia practice far more constructive politics and have no need to descend to these depths.
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If Singapore do not want to be drawn into any geopolitics alignment, yet Singapore is the only ASEAN country that unilateral sanction Russian.
Your observation is right. Countries sometimes say one thing but do another.
Singapore sanction of Russia is an example of UN Charter of respecting a State sovereignty and territorial integrity " way of saying " Hey , don't anyhow for whatever historical and political reason/ baggage for a big bully to attempt to eat up a small tiny state.
@@maxp670 Were the Western sanctions approved by the UN? I think not!
@@adamiskandar5107 because Russia have veto powers. UN is flawed the 5 permanent members are sham, they don't serve for humanity. China, Russia, USA, France and UK all play 5D chess and less powerful states are a piece on their chessboard. Their ultimate goal is to enrich themselves.
@@maxp670 Sanctions are uses by big States to bully tiny states like Cuba, Venezuela. The war in Ukraine could have been avoided if only they had implemented the Minsk Agreements, which they signed but like what ex Chancellor of Germany Angela Makel said the Minsk Agreement was to give Ukraine time to build up its military, Russia seen thru this and are not going to wait for the West to arm Ukraine to the teeth.
Strongly support Malaysia joining BRICS. No different than signing up CPTPP. Now there’s category called ‘BRICS partner’ instead of outright membership, making it more feasible
No problem. It was an invitation but “not” required or forced. BRICS+ is here to stay, when Countries/Nations are ready to free from Western Hegemony .👍
❤ I like your comment
@@jameschalkwig787Please broaden your scope on Indonesia. We have other china major car and battery manufacturers investing here, including Korea's Kia and LG. In 2025, Freeport will complete the world's largest single-line copper cathode plant in Gresik. Vale's nickel plant is also progressing quite well. In infrastructure, the extension of the Woosh train to Surabaya will commence as soon as Prabowo takes office. And China's 5G network in IKN is on the list as well...😊... I pray for Brics to keep going strong!! Indonesia can deal with any bricks nation and surely welcome to go along with brics policies as western policies ... just to let them know.... SUCKS 😂 their current policies are driven by leaders with severe emotional damage.
I think Malaysia was not 'invited'. Malaysia requested to join the BRICS on its own accord without consultation with ASEAN members. Same for Thailand. Let's hope there wouldn't be any conflict of interest in future affecting unity of the ASEAN.
B_tch western?
@@limjan1667that's not true. We see from the get go that the new PM did not suck the nation's riches into his own pockets, unlike most of the previous PM, costing MY billions of losses.
Don't have to be anti West to join Brics but pro to it's own country. India is not anti West!
Correct..India is in a class of its own as a major power. Others cannot use that argument convincingly.
Malaysia is also not anti US or West... Infact friends to every peace loving country in this world...
@@dr.ilangokaruppannan
India think that they are a superpower 🤔
@@wionporky9937 sorry but I have never heard India claims to be a superpower.
India think they are superpowers in building bridges and dams?!! 😄
Singapore is aligned with USA interest. If the narrative is non aligned which is a fundamental of ASEAN countries, then Singapore should not allowed USA military interest be allowed on Singapore land.
Precisely why Sg is not keen to join Brics?
i think it's because s'pore feels indebted to israel (for helping develop their military strategy & capability) and therefore the US
Singapore has no option but to take orders from Uncle Sam 😂
@@windydragon6522Because BRICS does not invite Singapore to join, so of course Singapore can't join
@@kckong3Israel is an ally of China and Russia. Israel even has a debt to pay to China for sheltering many of them from Nazi Germany.
Singapore since the very beginning already on the western side. I think they were the only Asean country that sanction Russia? So there is no such thing applying to be BRICS member for singapore to begin with.
Singapore will be rejected instantly by Russia 😂😂😂
Totally right
Singapore no need Brics...SGD is strong😂..weak currency country should join Brics😂
@@juvezhang1715..haha.. when the US dollar becomes toilet paper .Singapore will be drinking seawater. The rests of SEAsian countries would stop using US dollars and transacts using BRICS digital currency called The Unit.
@@juvezhang1715 Don't forget that the majority of your money comes from corruptors in my country, in other words, it's Indonesian money
Definitely a good thing for Malaysia to join BRICS. We need trade and foreign investments and not geopolitics. BRICS is our best option. We are different from Singapore because we didn't sanction Russia for the Ukraine war and we didn't join the West to put any caps on Russian oil like what Singapore did. We only sanction when it is legally approved by the UN and not by any other countries. Singapore even if it wants to join BRICS will not be accepted because of their past political act against Russia
Please don't spout nonsense. Go read more before you babble. Aiyo!
@@gloriagloria5377...aiyo....u tera up haaa😊😊😊
good thing to align Malaysia with totalitarian, communism and terrorism?
True
Do you approve of what Putin is doing to Ukraine???? Do you approve of Xi ‚s aggression in the SCS??? Be BETTER informed!!!! And STOP talking nonsense!!!!
Indonesian people consider BRICS as anti-west (west challenger). Indonesia is always persistent with Non-Block. You can work together with US and China at the same time.
@@dangerousvillain7278 Indonesia forgot what happen in 1997, the dumping of rupiah by Soros. Why do you think Malaysia is always to find ways to dedollarised. Doesn't mean that by joining BRICS a country have to stop trading with the west, it just meant we want to trade using our own currency hence to protect, no ties to USA dollar.
Rules.based order is US world order. Singapore will never dare offend US.😂
China won’t sanctions them 😂
@@brianlowe3529China won't sanction Singapore, unless the Singaporeans did it first.
yup, Singapore despite their economic success, their economy is easily railed. they can't afford to risk their efficient heavily specialized planning over huge changes.
efficient yes, flexibility none. high risk in the fast change global dynamic.
With Russia and China it would be „Non-Rules-Order“
They accept only their rules.
When a dictator like Putin or XiPing has no respect for the citizens of its own country - sacrificing half a million young men in a dirty colonial war in the Ukraina / torturing 1 Mio Uighures in concentration camps - when they poison and murder opponents - why should they respect you?
They respect only brutal power.
We Europeans make our own rules and USA often enough hates it - but we can do it because we have overcome our historical enmities and formed the EU.
When do your Asians overcome your traditional enmities?
With every neighbor-country you have frictions and hostilities.
Imagine Japan, Korea, China, Taiwan, Vietnam, Thailand, Malaysia, Singapore and Indonesia would be all stabil democracies and found an Union of Asia?
Imagine the economic power of this Union.
Instead of blubbering about western dominance you must notice how you hamper yourself with your silly disunity.
Plenty of the Temasek's assets are in Wall St companies and/or denominated in US$ 😅😅
It's not anti-western movement, but rather to take control of our own economies especially among developing countries. When was the last time you heard developing countries changed to developed countries? So many developing countries facing middle-income trap, including Malaysia, despite doing good economically. What prevented them? This is the list I can think of:
1) Dependency on US dollar - Depending on US dollar has pros and cons, but one of the cons is it will usually benefit US dollar in terms of value, and any other country's interest rate also may need to follow US interest rate, to balance that country's currency value VS dollar, making local companies suffers due to expensive loan cost. One of the example I can think of is what happened to Turkiye (due tried to balance VS both US dollar and Euro).
2) Developing countries will always be target of sanctions - Iran, Russia, Libya, South Sudan, North Korea, Cuba, Syria, Venezuela, Lebanon, Yemen, Iraq, Belarus, etc, either fully sanctioned or categorically sanctioned, even some of Malaysia's companies got banned by US (companies in other countries also may be listed as banned, but I am don't have the list), and China also always been threatend to trade ban, or high tariff, its only matter of time these countries will work together and not depending on the western countries. What does anything produced in western countries which can't be produced the same in these countries? EU always trying to limit the number of trade goods into EU market, for example palm oil products facing many regulations and propaganda, which we know the ultimate purpose is to balance trade EU and non-EU.
3) Dependency on western-funded monetary bodies - IMF is known as money lenders to developing countries, but many don't realize how high the interest rate is, many developing countries had difficulties paying back the loan, for example after Asian financial crisis 1997. Asian countries or developing countries need their own monetary fund, where they can help each other economies to grow, rather than to make money.
I understand Singapore is over-exposed to western economies, and Indonesia in contra, I think is less vulnurable to western economy and politic, so no need to take unnecessary risk. Which is why the reason, they won't join Brics, but countries like Malaysia now need to make choice either to continue highly dependent to western economies, or rise together with other developing countries. Indonesia may not need to make this choice right now, but they may need to in future. Malaysia is not anti-western, but we need more diversification in terms of economics partner. We are too small to be self-independent, yet its not smart too much dependent to only one side.
Bravo
My answer to the question, why not?? Malaysia and Thailand are thinking of their currency being manipulated by the US Dollar although our enonomic fundimental is good. Anyway malaysia and Thailand can always trade with US and euro. US and Euro has been our trading partner for ages
Thailand being neutral for so long is an expert in diplomacy and manage to be free from colonial powers for centuries. Don't you think thailand and malaysia were wrong to join brics+
I am not sure if its wrong to join BRICS. Malaysia already has bilateral arrangement with China and India to trade in local currency. Why can't we more such bilateral arrangements with the other main trading partners in BRICS without joining the grouping?
You do not need brics to decouple from usd.
@@dr.ilangokaruppannan Joining BRICS means you can trade in your own currencies instead of trading in US dollars. Joining makes the alliance stronger. Just like Europe. They also have bilateral arrangement with one another to trade in local currency, but now they join EURO and have one common currency called the EURO. In future, BRICS may come up with a common currency called .....
Am Indonesian. Indonesia should not join BRICS, there is no clear benefit and BRICS may soon be deadlocked due to their questionable existing and new members (China & India? Iran and nearly joining Saudi Arabia? Rly?), and joining BRICS may carry real risk of being seen as joining one side in this new Cold War, that's not good for the economy.
Joining OECD is much better instead, we will be able to learn good practices and apply tested policies for economic development. That's what we Indonesians want.
Why would Malaysia be interested in joining BRICS, given the reasons above?
As a malaysian my mself. I have no idea about this brics nor why malaysia want to join brics. But let see how is it going in 1 to 2 years
Indonesia should join brics and make strong alliance with rusia...
In short , SIngapore and Indonesia wanna stay outside of the fight . and join the winner after .
Given that Indonesia are largest Muslim country on earth ( 270+ m ppl ) and being largest of Asean economic group . Singapore much smaller in size and populations but being 2nd seat right behind Indonesia in economic in Asean .
Smart countries
Indonesia want to join the OECD just like Singapore
Indonesia does not prohibit its entrepreneurs from investing outside the country, this is very important if Indonesia wants to become an ASIAN POWER. Indonesia's policy is very stupid, they don't have a monopoly policy like China and the US. Indonesia experiences money leaks every year, they send money to Saudi Arabia, Singapore, the Philippines, Cambodia, Thailand. They are not professional people to manage that much natural resources.
Indonesians gamble online every year, equivalent to India's military budget every year. And the servers are in ASEAN countries, such as Cambodia, the Philippines, Singapore, Malaysia. Because in Indonesia gambling is illegal, the dealer cannot be in Indonesia.
Correction: Indonesia is now 2nd largest muslim after Pakistan
indonesia is USA puppet
Why would Singapore join when they are one of the richest countries? They'll just end up subsidizing the other members.
WHICH NATIONS WANT TO JOIN BRICS AND WHY?
Over 40 countries, including Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, and Kazakhstan have expressed interest in joining the forum, according to 2023 summit chair South Africa.
ASIEAN first: Indonesia prioritizes the basis of ASEAN economic stability, because of the importance of equality and stability.
How can you join another new platform, if the region itself is still not established?
Susceptibility to change character will create distrust and tend to be detrimental.
Indonesia has been on a strong independent political path and has been tested by global dynamics, and will be the same in the future.🙏
look at Agentina, they refused to join but now begging to join BRICS
I beg your pardon. Argentina's Milei did not beg to join BRICS. He only begs for money！
Brazil, Russia and India have no money, so that would be a waste of time
lol do you know about these countries even ?@@ua697
@@ua697are u 4 real ?
@@ua697They have no money? They dont have the debt that the OECD and G7 economies have today which are like 1/5 of the global debt. BRICS will be the next global superpower base. Those that dont join will lose out later when the superpower base changes.
Singapore & Indonesia have been supporting US for decades and will never join BRICS but will allow US to create a tension in the Malacca strait to protect its interest rather than allowing China to control the strait.
BRICS has stopped accepting new members. A good move as there is much to be synchronised. Therefore, "whys" are not relevant at this point in time. Expressing interest to join and being accepted are two separate things
Those who do not want join yet, have to wait for their turn, as the applications has been stopped. Too many already applied.
@@sootuckchoong7077Too many weak powers trying to shore up to the major powers in BRIC
The reasons for Singapore for not joining BRICS is different from Indonesia. Singapore joined the US to sanction Russia for the war in Ukraine, how can it join the block.Indonesia with a population of +- 250M, they pocess they own strength in every sector, so they can just wait and see. As for Malaysia, joining BRICS is mostly for economic reasons, and also relatively small for bringing any impact to world issues.
About the video presentation, a lot can be done to improve the quality..
About the video quality can you please advise me on a good editor. I am doing this myself and I am not very good at it. Or at least share tips.
Just remembered - Singapore joint US sanction Russia no wonder not joining BRICS.😊
Oh ya sir i think for quality video what i see about difrent utuber u must have 1 or2 equipment like chair or table u can stand or sit.its what i think@@dr.ilangokaruppannan
Add table sir it can mske people yhink u make video in work place thwt make add mor valuable for ur speech ,couse people think good spech come from winner( rixh people ) or people with high rank o@@dr.ilangokaruppannan
@bowarrow9147....you are absolutely correct about the reason Singapore cannot join BRICS. I was really surprised and puzzled when Singapore followed the US, UK and EU to sanction Russia. Why????? Singapore could easily stay neutral and not make Russia an 'enemy'.
Yes.. Why not, it could make m'sia more freedom in economy planning for better future.. ❤❤❤
Not surprising. Malaysia choose the wrong choice
It doesn't matter who the winner is. China or USA. Singapore and Indonesia will join the winning side.
BRICS was formed for developing countries. Singapore is designated as a developed country. That is all.
Indonesia team dengan Singapura negara maju,mana nak berkawan dengan negara baru membangun😅😅😅Malaysia bijaksana kerana berfikir panjang kerana tidak terlalu bergantung kepada negara barat yang selama ini menjadi penyebab mata wang dunia meningkat mengikut kehendak US dolar, sekarang malaysia mempunyai kelebihan kerana boleh berurusan dengan negara dibawa BRICS atau negara G7 terserah atas keperluan negara.
Is Russia a developing or developed country?
some of ASEAN joined BRICS, and some joined OECD, so it is good diplomacy for ASEAN which remains neutral
Great work Indonesia and Singapore all of Asia needs to dump BRICS!
China is Singapore’s largest trading partner while the US provides Singapore’s largest single country FDI investment. Therein lies the answer. We don’t choose sides to stay alive.
Say don't choose side, but their action says otherwise. What a hypocrite
SG ALREADY CHOSE A SIDE.
The Chinese have shown themselves as a very unprincipled opportunist that will do anything to save his snake oil skin .
@@wai-sunchia6190 So which side did Singapore CHOSE ? Proof please.
@@salplayer9198 What action did Singapore take ??? Proof.
You can see that there are problems brewing in the countries wanting to join BRICS, namely Thailand and Malaysia. Some western nation are stirring up trouble at the border of these two countries, that is the recent bombing at the border
I stumbled upon this video while writing a MBA International Business paper. This was spot on. Clear and straight to the point. Great video!
I so happy you found it useful. please share
Under BRICS requirement, Singapore is not qualify to under their condition as it does not have population count and only a small state that does not carry any weight.
Join or not join, not a problem and it is not because Singapore voted in UN against Russia. These are big games that BIG countries play and even Indonesia does not feel they wanted to be in such an event.
Now it is perfectly alright to join if you are ready. When the time comes to be counted and the big countries will begin to take its places every countries will toss its weight around to be the Head and leads and as the saying goes in a western cowboy & Indians movies everyone wanted to be the chief, who wants to be the Indians? The argument and unhappiness begins. What then, each one take turn to be chief and if there are 50 countries, you have to wait 50 years to be chief that is if 1 country on a 1 year basis.
What a bird brain bullshiting here who tell you BRICS requirement Singapore is small country cannot join BRICS ??? Reason Singapore not joining BRISC because Singapore sanction Russia.
Don't look down on Singapore a small country she is no 1 riches country in Asia and 4 riches country in the world with GDP $525.23 billion.
No need to think much. Leave the strategic thinking to the ones who are capable of profound and in depth thinking. Just follow what Singapore do and you are good to go. In order to succeed, one should replicate and just follow the footsteps of the winners. Deviate, and you invariably will invite trouble.
Non aligned is the best policy, and not just diplomatically and economically but militarily. It is best not to be swept up in any regional or worldwide war. Always be neutral and spectator.
but basically only countries with large populations and strong militaries can implement this.
Luckily, Singapore is protected by Indonesian military territory. but Singapore runs its economy very well.
@@ricosubekti1450WHAT?? Singapore is not protected by Indonesia, Singapore is protected by the US military. While Indonesia will soon has to decide their allegiance, it is too weak to go against the major powers.
The problem is, in the eyes of the US, non alignment with the US means pro China/Russia！
Agree. Just wait and see. Even BRICS isn't exactly stable right now. India's membership in BRICS still doesn't stop China from claiming India's northern region.
remember Netherland and Belgium is neutral before WW2 . . if Indonesia in strategic location they will be invaded even they claim non alignment . . . its either have friend or no
as an indonesian.. i like indonesia just be like this and more focus and concern in asean, rather than join any blocks.. we have good trade and relation with china, russia, india, south africa.. we also have a good relation with US (not so good with the EU).. personal relation with the individual country are better than picking side of any block this day..
For a layperson like me, I would like to know what Malaysia stands to gain from joining BRICS that Singapore & Indonesia feel they can do without.
BRICS do not accept new members , but your analysis of reason for Indonesia and Singapore are not joining BRICS. BRICS is now only admitting ‘partner’ to BRICS .
Malaysis should pay attention to these reasons why these two are NOT keen to join. Their reasoning should also be valid for Malaysia.
@@dr.ilangokaruppannan Malaysia needs to join because Ringgit is under pressure due to USD high interest rate. But if Malaysia increases interest rate to defend ringgit, it will affect the economy in terms of inflation and export.
Anyone remembers 98? America loves screwing oil nations, btw. Ask Venezuela. China will at least pay for the resources.
BRICS+ is led by Russia China India. Its members include Iran Saudi Arabia UAE : Malaysia trades more with China than US. Malaysia wants to dedollarlize .and use local currency to trade with China Russia India .both ways. Thailand is like-minded with Malaysia.
The more intense rivalries/disputes between China vs US or Russia vs Western Europe ... the more Indonesia will avoid being part of both sides
I think Malaysia sees potential for de-dollarization through BRICS given how the PM has entertained the idea of an Asian Monetary Fund since the beginning of his term. How far do you think de-dollarization can progress under the grouping? I'm inclined towards it being a massive logistical nightmare for all parties involved.
I suspect that de-dollarization will continue but it may not completely do away with it. But the bigger question is can we not enjoy those benefits without being in BRICS? Something to think about
Dedollarisation is actually good for the Americans as all they need is roll up their sleeves and make a good honest living.
For Indonesia, we just dont see that much econonic benefit with BRICS since their dominant economic player is only China and we've already been close economic partner bilaterally.
So narrow minded.. there's enormous business opportunities to be grabbed other than China in BRICS.. that's why Indonesia economically weak.. coz you all can't see all the hidden potential others have, only sees what's in front of your eyes.. in other terms, short sighted thinking..
Why not put some good studies on US and US$ negative actions and impacts on world economic architecture? You'll be glad you did, and support BRICS.
@@JacksonJong-b9v dont think that just because Indonesia dont join BRICS they dont want to be free from those restrictions from US. Indonesia might have plan to form their own BRICS or doing similar decisions so they dont need fully depend on China, one of BRICS members. Also joining BRICS doesnt guarantee it will be succesful so ofc contigency plans needed and not rushing when they dont need to
I know Indonesian goverment is so corrupt that even the some citizens is not that different from those corrupt officials by doing gratifications or something similar. But I wish Indonesia take the right decision whilist improving themselves in every sectors and reduce corruptions
Rule base order is Rules for some and not the others.
Unfortunately that the sad reality of the real world. So it takes ingenuity to get the best for oneself.
Rules based on my order😂😂😂
Go Read Animal Farm
This applies to the "anti rule based orders" camp as well😂😂
@@Abdul-HakeemAswad-he1gz ..Rules based order means things like non-interference, non-use of force etc. Because of the rules based order, we don't have wars etc. But what we see in Gaza etc is a blatant disregard of those rules by one state.That's the problem.
Singapore is staunch US ally and former British colony. Being that it could not depart from having strong rapport including economic and military. Singapore is the only ASEAN member which had a squadron of multi-million F-35s which could not fly without access to the secret codes cleared from US Defense embedded in aircrafts avionics.
Minister of Finance Sri Mulyani said that President Joko Widodo hopes that the OECD membership process can run well and quickly. Moreover, Indonesia has carried out a number of reforms to strengthen the Indonesian economy in accordance with the requirements for OECD membership. President Joko Widodo also brought the agenda for Indonesia to join the OECD to the G20 India Summit forum. In a bilateral meeting, he also asked for French support for Indonesia's membership process to become part of the OECD. Indonesia prefers to join the OECD rather than BRICS
OECD is under the US umbrella.
@@absolootely2571 Indonesia adheres to a non-aligned policy regarding foreign relations. Not an ally of America, China or Russia. However, the OECD has more advantages than BRICS.
1. The OECD offers more opportunities to strengthen economic ties with more stable international partners, which is in line with Indonesia's vision to develop the national economy in a stable and sustainable framework.
2. Within BRICS, there are a number of disagreements between members, such as the border conflict between China and India, which could hinder economic cooperation.
3. The OECD has higher policy standards, which can help Indonesia implement more effective policy reforms.
4. The OECD provides access to a larger and more stable market, which can help Indonesia increase economic growth and investment
The OECD does not fall under the "umbrella" of the United States or any other country in particular. Although the United States is one of the largest and most influential member countries in the OECD. Decisions in the OECD are made collectively by all member countries, and each member has one vote in the decision-making process.
I see Indonesia and Singapore have never shown interest in joining BRICS, instead Putin has directly offered it but subtly also specifically for Indonesia they rejected it. And they are very serious about joining the OECD and according to the news Indonesia has been approved to join but has to queue with other countries that have joined earlier. It's reasonable in my opinion with the economic strength of both countries like Indonesia and Singapore have a special place in the OECD
Brics is economy alliance to protect its member from Dollar as a weapons😂...this is not defence alliance.
Good point. I agree.
yeah, Mahbubani said that this weapon surpasses the hegemon's military might in terms of power. wait... isn't Mahbubani also a retired diplomat? hahaha looking at his wikipedia it's a no brainer who I'd rather listen to
Yeah right..... bt soon it wld spread to other issues.... u only hv problems in the future.
Actually ... BRICS is protecting its member from Dollar for the benefits of Yuan
fence-sitting is the best policy ?
I believe that Indonesia and Singapore and other ASEAN members would join BRICS eventually if they see Malaysia succeed in reaping many benefits from BRICS.
As many knows Singapore and Indonesia are a great allies of the US and their economic partners like EU and others for such a long time especially Singapore which is a great ally of the US and Israel so it's not surprising that they do not want to join BRICS since Russia and China which are great foes of the US and their allies are in BRICS together with their own supporters worldwide that intend to break the so long economic dominations of the US and their allies on the world's economy that have been existing for so long.
Actually Indonesia and US relation mostly on weapons, not in economy.. For economy relation BRICS (China) is the biggest economy relation and investment. Time change, history change, economy change and political is change. What the benefit to keep relationship with western imperialism ??
@@aninfo7957 ya,you are correct,it's time now to stop all these US and western hegemonies and their dominations upon world's currencies and economy and lets BRICS compete with them for fair competitions
Singapore has many investment in US financial market that manage by Temasek n GIC Singapore sovereign fund. US hegemony benefiting Singapore
Happy to be a stooge?
If Malaysia chose to be indebted to China for life, she is free to do so but dont drag Singapore and Indonesia with KL. Malaysia is well-known to be anti-West, stop playing the morality card by tagging SEA to join Malaysia.
I encourage you to watch the video again. Indonesia and Singapore are not the central intent of the discussion.
Hope Malaysia joins BRICS. Its a non political justified economic grouping
Both do not understand what BRICS is all about, so chicken out! NO!!
No. Right now its not beneficial for them..
Very Smart Move of Indonesia+ Singapore
WHICH NATIONS WANT TO JOIN BRICS AND WHY?
Over 40 countries, including Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, and Kazakhstan have expressed interest in joining the forum, according to 2023 summit chair South Africa.
@@sammakorn254 the not-so-smart people always claim they are smart like you.. 🤓🤓
Its not really a smart move. Rather its just being cautious. But for Singapore, they totally depend on US and EU countries so the impact will be worse for them if they join BRICS
For Indonesia, there is no urgency to join BRIC.
As a Singaporean I'm sympathetic to BRICS+ but I think there's no compelling advantage to join, at least not yet.
'Sympathetic'? I wonder who will need Sympathy eventually!
The economic success
of a country defends on the industry of its
people & the efficiency
of its government. No
BRICS, no USA-dollars, no UN can make a country's economy
successful though no
"country is an island".
Sir, you have nailed it. What you said is the ultimate secret of success.
I would say these two countries make the right decision for not joining the BRICS. Simple reasons are that they might see that by joining the BRICS would be seen as aggressor or bully for a key member had gone to war in Ukraine as one of bad partner to be in BRICS alliances. By right, a warring state should be dropped out in order not to influence other countries or prevent smaller states to join BRICS in a friendly competition against existing established alliance for a better world order.
In short, Indonesia is Not sure if BRICS is about Geopolitics or Economic partnerships.
If it's pure about Economic Partnership, Indonesia will happy to join.
Thank you. I like this. Although your comment is short, it is thought provoking.
Wise decision I would say - even India should opt out
Reason number 1 is, in my belief, the one that carries all of the other reasons for Indonesia. Every young diplomat joining MOFA or other agencies will have the Bebas Aktif doctrine planted in their head, for better or worse. The doctrine is an everyday reality for most Indonesian.
Thank you for the video
BRICS is fractious with Indo Chinese friction its better ASEAN be neutral and engage the West, India and China but be wary of China's ambitions in the Indian Ocean and its claims of totality of the South China Sea.China's economy is tithering on deflation and has overcapacity so Indonesia has imposed tariffs of up to 200% on Chinese imports. So have Turkey and Brazil
Please lah, Singapore is awaiting for the right time, just sit back and watch the drama first, no hurry to join anytime after it's and positive position of advantage of the best of both worlds.💯✅💪
They dare to go against US? Sure or not? 😂😂
BRICS is not the same as G7. BRICS doesn't put sanction on any nation, trade only. BRICS members don't meddle any country's affair. BRICS is not like NATO ganging up on countries that have disagreement. Malaysia and Thailand should join BRICS. Other small Asia countries are on the waiting list. Indonesia will apply someday.
Very clear analysis. I think if they are well organized and comfortable with local strategy there is no reason to join BRICS at this time.
Spot on !
because indonesia need to stand with both sides
Singapore is a financial hub with very low manufacturing investment. The BRIC nations possess high GDP in manufacturing spectrum that make sense to enjoy the free trade rule. Singapore adds value to BRIC as clearing house for financial work.
it actually because Indonesia and Singapore just have leadership change, defining trade policies would not be the first on the order of things to deal with. Indonesia and Singapore has presence in G20, so there is also no hurry to join BRICS+, we can join in the future. however Thailand and Malaysia does not have a seat on any global body, so BRICS+ member is the only way to get their POV heard on the global stage. ASEAN is no replacement for global forum, it not like we can talk about Israel in ASEAN.
You raised some good points but I don't think Malaysia and Thailand are looking at BRICS as a way of projecting the POV on teh global stage. It looks like they are focussed on the potential economic advantages.
The same way one can ask Malaysia. Why join BRICS? Given Malaysia policy is a lot similar to Indonesia and Singapore. These 6 reasons can be applied reversely to Malaysia, no?
You got it !
As an ordinary Indian , I feel India should leave BRICS because in it only China and Russia will be dominant.
Is India dominant in any organization?
@@ftu2021 maybe because brics are not Israel friendly.. that is why he wants India to leave
china and russia are dominant because India is two faced , it wants to be in brics but serves the americans . If you want to be an alternative than you embrace it . India want its bread buttered on both sides .
@@ftu2021 haha
It doesnt matter if singapore joins bric b ecause they don't bring much to the table compare to what they will benefit. As for Indonesia, they will eventually join BRIC in the end.
Why BRICS and ASEAN should join forces? ruclips.net/video/IYak9_EjMWY/видео.htmlsi=WNce6jkSVbYVV3jA
Actually a lot of BRICS nation's are very export oriented and have their own agricultural goods and commodities like Gas and Oil, while Singapore is largely dun have any locally produced goods.
Good point.
Who knows what will transpire in the long run once BRICS have become more established with ever growing members!
Singapore is fully focused on upgrading itself to become US' strategic partner (similar to Quad, AUKUS, G7)..
the current batch of new leaders are very pro-US..
I THINK MALAYSIA AS A SMALL NATION IN THE REGION SHOULD CONSIDER TO JOIN BRIGS IN ENHANCING OUR ECONOMIC INTEREST WITH THE BIGGER NATIONS REGIONALLY. POLITICAL AND ECONOMIC RELATIONS IS ALWAYS COMPLIMENTARY IN FORGING BETTER COOPERATION THAT SHOULD SUSTAIN BENEFITS OF OUR ALL ASEAN MEMBER COUNTRIES IN ORDER TO ENSURE OUR SOLITARY AS AN IMPORTANT ASEAN PARTNER REMAIN INTACT BASED ON THE SHARED PROSPERITY CONCEPT. MALAYSIA AS A SMALL NATION THOUGH CONSISTENT IN OUR PURSUANCE OF NEUTRALITY IN OUR FOREIGN POLICY CANNOT BE RULED OUT IN ISOLATION. THE UNDESIRED IMPACT FOR NOT JOINING BRIGS WILL NOT BE IN MALAYSIA'S INTEREST AND LONG TERM POLICY.
CONSENSUS EFFORT TO MAINTAIN POLICY OF NEUTRALITY APPROACH IN THE MATTER WITHIN ASEAN.
Indonesia forgot what happen in 1997, the dumping of rupiah by Soros. Why do you think Malaysia is always to find ways to dedollarised. Doesn't mean that by joining BRICS a country have to stop trading with the west, it just meant we want to trade using our own currency hence to protect, no ties to USA dollar.
if i was the president of indo... i would join brics... for a stable rupiah
It wouldn't stabilize the currency. Plus BRICS will ruin Indonesia economy because only China will reap most benefits from BRICS. Even without joining BRICS, Indonesia's last e-commerce platform Tokopedia was recently bought by China's ByteDance & dumping of textile and ceramic products from China ruined Indonesia's textile and ceramic industry.
Thank God u weren't ... Indonesia will be doomed to have president like you who easily got eaten by hoax
naah, the first to q for asean last year.
Matter a fact ... decreasing value of Rupiah has nothing to do whether Indonesia joining BRICS or not ...
BRICS is making another mega move. Putin had proposed setting up an Agriculture Commodity Exchange to bypass the Chicago Mercantile Exchange, according to him it make no sense that price of commodity is not set by the producer and buyers instead by hedging and price manipulators in CME. With this BRICS members can also use commodities as currency this help those smaller or poorer countries having to buy US$ just to trade. For instant there is an infrastructure project between Iran and China which paid by oil.
It looks complicated though but definately something to watch out for
Singapore uses lots of Bricks to build HDB's flats.
Please check out my other video exploring ASEAN's move. ruclips.net/video/WWVQneNFGuc/видео.htmlsi=u4QNLpJb5H5AsnvQ
WHICH NATIONS WANT TO JOIN BRICS AND WHY?
Over 40 countries, including Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, and Kazakhstan have expressed interest in joining the forum, according to 2023 summit chair South Africa.
You are totally wrong about today’s Indonesia. It is not at all neutral. It is very aligned with US. It will take sometime for Indonesia to realize what they are missing.
Really? I would say Indonesia is somewhat alligned towards China, and mostly neutral. But of course neutrality is never tolerated in the American rule based order. You either bark at the command of America or be destroyed.
Playing with 2 side.
Economic term with China
Defense term with USA and allies
You're wrong 😁
We used to be alligned toward the west during the 1970s to 1990s during the Suharto rule. However, now we are not allign to anyone anymore
you are very wrong
Its more of a disccusion of why Singapore and Indonesia has not, rather than did not, at present time.
Of course. This is not about projecting into the future.
I agree that de-dollarisation may actually be a good thing for the Americans, at least in the short term.
At the moment of time, duel monetary systems aren't bad, more choices of customers end of the day.
Excellent. The video gave some solid reasons why Indonesia and Singapore decided against joining BRICS. There could be other reaosns as well but what advantage did Malaysia see?
Yes, exactly
V high risk for malaysia that still dapends a lot of "western investment."western inclcludes japan n korea . Maysia was too hasty.
Yes. That's an angle that some analysts have also mentioned
Headline inflation is similar in Singapore, Indonesia and Malaysia, however, Anwar Ibrahim has identified the US dollar as exporting inflation to his country. Joining BRICS is an avenue to end this problem. Singapore may be immune to this phenomenon, however, Indonesia merely aims to maintain it's overall sovereignty.
Because china and russia need money off the other countries 🙄
Yes
Sir why alot of parts get cut off? Kinda irritating
my poor editing.
its up to leader of the country..wether to join or not
Singapore and indonesia are friends. SG has invested and helped indo in some ways.
Cash rich indonesians having properties and businesses in SG. Likewise SG also have investments like in Bintan and such. SG helped 5 billion SGD to Indo. Indo is more steady, unlike China they played SG out of Suzhou park.
Whatever you do, never trust the communist.
Brics could be just the beginning of the game of these people, going for the poor.
Dr. Karuppannan, lots of love from an indian hindu here, as you can see from the comments here, everyone is fed up with colonial, western bullying going on since decades and centuries. Geopolitics however is not an emotional business, Malaysia is a rational state, what does Malaysia stand to gain from joining brics in these terms?
You are right. Its a world-wide phenomenon- people are fed up with the present order. But as you pointed out all countries have to make rational decisions to advance their interests.
Joining BRICS say that you know which side is winning. Not joining BRICS say that you are willing to cooperate with the "non-aligned, rules based" group and accept military bases in your country and trade tariffs and restrictions mandated by the group.
@@Nat_Ryder By not accepting forecully imposed military bases on the country soil do you mean to say that the BRICS is now providing protection to its members? Isn't it an economic organization?
Don't consider Singapore for your study, as Singapore is a tiny nation and very vulnerable and therefore it is very cautious for its longevity. It will side wherever the military strength is and currently it is US and EU nations. So as not to annoy it's masters it will not join BRICS. IF AFTER 10 years, the BRICS becomes more powerful both economy and military wise , don't be surprised that Singapore will again gears towards the BRICS.
Its a possible as all states are free to adapt their interests accordingly.
BRICS are solid or hollow until use it then can tell is it worth joining, any agreement big or small on papers always looks " attractive " until hit the bricks that are solid hard to break it to continue by then its too late to return, just looked at those countries that joined in the first round they are not coping well with returns what invested or whether make economy sense or not any lose of money are always at the expense or ordinary folks that affected most, better be safe than sorry.
Enjoy your misguided interpretation
Frankly I not concerned what leader of Singapore or Indonesia for not joining the BRICS now or join later maybe. Their reasons based not related to Malaysian interest. As long of PM Anwar, decided for best Malaysian people welfare and livehood by joining BRICS surely I would support him.
WHICH NATIONS WANT TO JOIN BRICS AND WHY?
Over 40 countries, including Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, and Kazakhstan have expressed interest in joining the forum, according to 2023 summit chair South Africa.
I think many countries are too focussed on the economic angles.
Reason Number 7 and the real reason. The Malaysian ruling party sees this as an opportunity to score political points with both the anti-West and pro-China elements of its population (which are both rather strong due to toxic racial and religious politics endemic in Malaysia) in order to win the next election. Singapore and Indonesia practice far more constructive politics and have no need to descend to these depths.
The question is about SG and ID not Malaysia.
PM anwar explain to general public why malaysia keen on joining BRICS. A public announcement on the benefits.
ASEAN is also about our neighbours economic growth.
Indonesia and Singapore are non aligned but a great allies of the US, EU, Japan, Korea and Australia
Guys BRICS has stopped taking new members for the moment so why the fuss now talking about this countries .
It benefits Singapore to have an organization such as the BRICS around of course, but it doesn't benefit us in any way to join them.
That's a smart way of looking at things.