Jakarta. A senior economist said Thursday that Indonesia should try to get much closer to the China-led BRICS trade-wise after US President Donald Trump launched sweeping tariffs on nearly all of Washington’s trading partners. Trump’s latest tariffs have sparked global uproars as the new policy could ignite a trade war. In the freshly inked executive … Read more
Jakarta. A Russian diplomat revealed Monday that Moscow was open for negotiations to sell its oil to BRICS new member Indonesia as Jakarta looks for more affordable supplies. Russian oil has long been subject to widespread European sanctions following a major escalation to the Russo-Ukraine war in 2022. These sanctions forced Russia to sell crude … Read more
Jakarta. The European Union sees no problem with ASEAN economies seeking entry into the China and Russia-led BRICS, according to its envoy. BRICS recently underwent an expansion with ASEAN founding member Indonesia joining as the club’s 10th member. BRICS encompasses Brazil, Russia, India, China, and South Africa, to name a few. The group accepted Egypt, … Read more
Archyde Indonesia Calls for BRICS to Broaden NDB Funding Opportunities for New Members Table of Contents 1. Indonesia Calls for BRICS to Broaden NDB Funding Opportunities for New Members 2. Challenges for New Members 3. NDB’s Current Projects 4. What’s Next for BRICS and the NDB? 5. What is Indonesia’s Outlook on the Need for … Read more
Jakarta. Indonesia should consider urging the BRICS to let its newcomers borrow money from the alliance’s lender New Development Bank or NDB, according to an analyst. The BRICS grouping originally brought together Brazil, Russia, Indonesia, China, and South Africa. Last year, BRICS expanded with the entry of Egypt, Ethiopia, Iran, and the United Arab Emirates (UAE). … Read more
Jakarta. President Prabowo Subianto’s multi-billion dollar school-feeding program has become part of Indonesia’s diplomacy. In other words, Indonesia will likely try to strike some international partnerships to make sure that its plan of feeding tens of millions of children every school day goes well. On Friday, Foreign Affairs Minister Sugiono briefed press members and ambassadors … Read more
Jakarta. Economist Achmad Nur Hidayat recently said that Indonesia’s freshly announced membership in BRICS could help the country achieve its targeted growth of 8 percent. BRICS chair Brazil not long ago revealed that Indonesia had officially become the group’s 10th member. Aside from the aforementioned members, the alliance includes Russia, India, China, South Africa, Iran, Egypt, Ethiopia, … Read more
Jakarta. Indonesia has just become the newest full member of the BRICS grouping. Unlike the OECD which Jakarta is also pursuing, BRICS does not require its members to pay a certain amount of money, according to a presidential advisor. Indonesia is now the 10th member of BRICS which originally brought together Brazil, Russia, India, China, … Read more