CEO of ASLI shared his thoughts to the Channel News Asia on Malaysia’s plan in joining BRICS.
Collectively, the bloc is home to more than 40 per cent of the world’s population, contributes a third of the global economy and accounts for a fifth of all trade.
“It could become a very formidable bloc,” said Mr Danial Abdul Rahman, CEO of Malaysian think tank Asian Strategy and Leadership Incorporated (ASLI).
“Global GDP (gross domestic product) growth is forecasted at about 3.2 to 3.3 per cent. BRICS countries are closer to about 3.6 per cent… with countries like India and China a bit further up the curve.”
Some of the BRICS members control essential commodities and resources around the world, added Mr Danial. “So we’re looking at crude oil and gas, we’re looking at nickel and gold.”
Read the full article here: https://www.channelnewsasia.com/asia/malaysia-anwar-ibrahim-brics-geopolitics-asean-southeast-asia-4545721
Watch the coverage here: https://www.youtube.com/watch?v=V1FWd4m7cyA
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