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SG ineligible to join BRICS

red amoeba

Alfrescian (Inf)
Asset
BRICS are like joining ITE after you pass out from RI. Singapore won't do that. RI students aim for RJC de.
 

hbk75

Alfrescian
Loyal
We're ultimately fucked!
SG will collapse when USD tanks as BRICS will not only shun them but punish too.
So MIGRATE you idiots. Don't be that proverbial frog being slowly boiled to death.


deagel 2025 depopulation stats are here. see all g7 reduced ppl and gdp

 

birdie69

Alfrescian
Loyal
BRICS or no BRICS, Sinkieland is fucked for a variety of reasons.

CCP/Tiong fanboys should stop seeing Tiongland as the saviour of the world. Don't flatter yourselves. Many of the problems in the world today can be traced to China. They're the same accursed communist wolves who put on a businessman's sheep clothing and swindled the angmohs into letting it join the WTO. Its supporters are bribed, blackmailed or just not very smart. :cool:
Will BRICs dissolve ASEAN?
 

k1976

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China’s Spate of Violence Prompts Outburst of Economic Anxiety​

  • Citizens express concern over downturn as pressures mount
  • Flurry of stabbings unusual in country where violence is rare

By Bloomberg News
June 22, 2024 at 9:56 AM GMT+8
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The reaction of Chinese social media users to a spate of recent violent attacks has exposed widespread discontent about the nation’s downturn, as economic pressures mount.

Shanghai police reported a stabbing Wednesday morning in one of the city’s metro stations, which — like other subway lines in major Chinese cities — has security checks at its entrances. The suspect was detained after injuring three people and the case is under investigation, police said in a statement.

Have a confidential tip for our reporters
 

k1976

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Loyal
Markets

Global Investors Turn Cautious on Once Favorite Japanese Stocks​

  • Japanese shares face material risk of correction, Citi says
  • Foreign investors were net sellers of shares for fourth week

By Winnie Hsu
June 23, 2024 at 8:01 AM GMT+8
Save

Japan’s record share market rally earlier this year is looking like a distant memory as foreign investors sell off stocks in a sluggish economy.

Citigroup Inc. and abrdn Plc are among banks that have turned more pessimistic toward the nation’s equities as the outlook for corporate governance reform and the Bank of Japan’s monetary policy remains uncertain. A fund manager survey by Bank of America Corp. showed about a third of respondents believe the market has peaked.

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Hypocrite-The

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Loyal
Thailand also wants to join BRICS
They submitted a formal request to join at a BRICS ministerial meeting a week ago.

Keyla Supharta |


June 24, 2024, 10:53 AM



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Thailand is aiming to become a member of the BRICS, the alliance of emerging economies, at the group's next summit in Russia in October later this year.

The Southeast Asian nation put forward a formal request to join at a BRICS ministerial meeting a week ago, Reuters reported, citing Thailand's Foreign Ministry spokesperson Nikorndej Balankura.

"We hope to receive positive feedback and be accepted as BRICS member as soon as the next summit to be held in Russia," Nikorndej said, as quoted by Reuters.

BRICS
Brazil, Russia, India, and China created the "BRIC" group in 2006. The name is formed through an acronym derived from the first letter of these countries' names.

In 2010, South Africa joined the group, making it "BRICS".

The organisation began to expand its membership last year.

Since then, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have joined the group, and over 40 countries, including Thailand, have expressed interest in joining.

Closer to home, Prime Minister Anwar Ibrahim also expressed Malaysia's interest to join BRICS.

He said that Malaysia will start formal proceedings to join the BRICS soon, reported Malaysian media Malaysiakini.

Also looking to join OECD
On top of BRICS, Thailand is also looking to become a member of the Organisation for Economic Co-operation and Development (OECD), a group consisting of developed countries that aims to shape and build better policies for better lives.

The kingdom began their OECD membership process in April this year, according to Bangkok Post.

It typically takes seven to eight years to process a membership application once it has been submitted. The application must also be approved by OECD's 38-member council.

Nikorndej said that starting the membership application now "will be beneficial".

"It will help attract foreign investment, generate income and improve people's quality of life."

Top image via Wikipedia


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