Indonesia pins hopes on BRICS membership
Amelia Anggraini, a member of the House of Representatives (DPR) of Indonesia, has said that Indonesia’s official membership of the BRICS grouping must bring real benefits to its people.
She said she believes that Indonesia’s decision to join the BRICS economic bloc as a full member is a strategic move that reflects the nation’s commitment to enhancing its influence and role in global governance.
With Indonesia joining the bloc, BRICS has now become an even more inclusive and representative forum, she said, adding that it covers nearly half of the world’s population and makes significant contributions to the global economy.
The parliamentarian welcomed Indonesia’s BRICS membership with optimism and described it as a historic step, perceiving that the country must make optimal use of the membership, especially when it comes to promoting agendas that are relevant to national interests.
The national interests, she said, include strengthening digital sovereignty, enhancing security cooperation, ensuring green economy sustainability, and narrowing development gaps among countries.
Indonesia also holds a strategic position as a link between BRICS and countries in the Southeast Asian region. This opens the opportunity to expand the network of economic and geopolitical diplomacy and to create synergy between ASEAN and BRICS, which are two important regional economic blocs, she pointed out.
Indonesia’s membership of BRICS also reflects global trust in the nation’s ability and stability to lead various international initiatives, she added.
In the context of parliamentary diplomacy, she said that her side will encourage synergy among the parliaments of BRICS countries to accommodate people’s interests, economic justice, access to technology, and food sovereignty.
- Read More
Malaysia looks to leverage RCEP during ASEAN chairmanship
As chair of the Association of Southeast Asian Nations (ASEAN) this year, Malaysia plans to focus on leveraging the Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade agreement now in force.
Southeast Asia - Fri, January 10, 2025 | 9:06 pm GMT+7
Vietnam ministry asks AES to revise LNG power project feasibility study per new Electricity Law
AES should revise its feasibility study report for the Son My 2 LNG-to-power plant per the new Electricity Law 2024, says Deputy Minister of Industry and Trade Nguyen Hoang Long.
Energy - Fri, January 10, 2025 | 5:31 pm GMT+7
Vietnam 'sometimes' lacks electricity supply for semiconductor sector: gov’t
Vietnam’s electricity supply for the semiconductor sector is insufficient “in some locations sometimes,” the government admitted in a dispatch issued on Monday.
Economy - Fri, January 10, 2025 | 4:58 pm GMT+7
$2 bln LNG power plant in northern Vietnam to start construction in late 2025
The $2 billion LNG Thai Binh power plant project in Thai Binh province aims to complete its feasibility study in the second quarter of this year and begin construction in Q4/2025.
Energy - Fri, January 10, 2025 | 2:11 pm GMT+7
Vietnam most attractive alternative to China for manufacturing: consultant
China used to have many policies to attract foreign investors to build factories, but now there are many changes and Vietnam is the ideal alternative, says Kyle Freeman, a partner at Dezan Shira & Associates.
Economy - Fri, January 10, 2025 | 11:51 am GMT+7
Vietnam financial centers aim to attract Forbes 500 firms with tax incentives
Vietnam aims to attract Forbes 500 firms into its to-be-built financial centers with tax incentives, according to a draft resolution on building financial centers.
Economy - Fri, January 10, 2025 | 11:29 am GMT+7
Japan's Aeon Financial completes acquiring 100% stake in Vietnam financial firm PTF
The State Bank of Vietnam has given the nod to Aeon Financial, a member of Japanese retailer Aeon, to entirely acquire Post and Telecommunication Finance Company Limited (PTF), owned by private lender SeABank.
Finance - Fri, January 10, 2025 | 10:32 am GMT+7
$2.58 bln FDI power project fuels central Vietnam province industry
The $2.58 billion BOT Van Phong 1 thermal power plant, invested by Japan’s Sumitomo Group, was a major driving force of the 18.5% year-on-year hike in industrial value of Vietnam’s central province of Khanh Hoa in 2024.
Industries - Fri, January 10, 2025 | 8:43 am GMT+7
Primary apartment prices in Hanoi may rise 6-8% in 2025: report
The prices of primary apartments in Hanoi are expected to increase by 6-8% in 2025 on an expected uptick in supply, according to a report by property service provider CBRE Vietnam.
Real Estate - Fri, January 10, 2025 | 8:10 am GMT+7
ASEAN should unite regarding GMT implementation: Malaysian official
There is an urgent need for ASEAN member states to work towards an agreement not to circumvent the global minimum tax (GMT) as countries begin to adopt the tax, says Malaysian Deputy Investment, Trade and Industry Minister Liew Chin Tong.
Southeast Asia - Thu, January 9, 2025 | 9:10 pm GMT+7
Da Nang International Fireworks Festival 2025 kicks off
The Da Nang People’s Committee and Sun Group on Wednesday held a press meeting to kick off the Da Nang International Fireworks Festival (DIFF) 2025 and its accompanying events.
Travel - Thu, January 9, 2025 | 9:07 pm GMT+7
About 400 foreigners in Philippines arrested for online scams
About 400 foreigners in the Philippines were arrested on Wednesday in a large-scale raid on a suspected online scam farm in Manila.
Southeast Asia - Thu, January 9, 2025 | 9:06 pm GMT+7
Malaysia aims to advance digitalization in Southeast Asia
Malaysia aims to establish and sign the Digital Economy Framework Agreement (DEFA) this year to promote digitalization across Southeast Asia, according to Sugumari S Shanmugam, director of the ASEAN economic integration division at Malaysia’s Ministry of Investment, Trade, and Industry (MITI).
Southeast Asia - Thu, January 9, 2025 | 9:01 pm GMT+7
Indonesia raises retirement age to 59
Indonesia has increased the retirement age for workers to 59, starting this year.
Southeast Asia - Thu, January 9, 2025 | 8:55 pm GMT+7
Central Vietnam province cancels $2.4 bln LNG power plant bid, to open again
Vietnam’s central province of Thanh Hoa has canceled the bidding for the $2.4 billion Nghi Son LNG-fired power project due to updated legal frameworks, said Thanh Hoa Vice Chairman Nguyen Van Thi.
Energy - Thu, January 9, 2025 | 5:51 pm GMT+7
Taiwan’s pharma firm Lotus acquires edema medicine rights in Vietnam from Sanofi
Taiwan-based Lotus Pharmaceutical has acquired the trademark, marketing authorization, economic interest, and manufacturing processes of Alphachymotrypsine Choay for Vietnam from French pharmaceutical firm Sanofi.
Companies - Thu, January 9, 2025 | 5:05 pm GMT+7