Delicate balancing act for Malaysia if it joins BRICS
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- čas přidán 17. 06. 2024
- Malaysia will need to tread carefully to avoid antagonising the US and its Western allies.
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#FMTBusiness #BRICS #Malaysia #US
WITH DUE RESPECT TO OI EE SUN, WHAT DO YOU EXPECT, WHEN YOUR ECONOMIC HEALTH IS TIED UP WITH 1 SINGLE CURRENCY. HAVE YOU EVER HEARD THE ADVICE OF UN TO FED THAT THE ONLY WAY US TO DRIVE DOWN INFLATION IS TO CRUSH PRICES VIA HIKING INTEREST RATES & LET BANKS FAIL. MEANING DEPRESSION. THIS IS A POSSIBLE SCENARIO & WE CAN NOT MITIGATE THIS UNLESS WE HAVE ALTERNATIVE AVENUES
AND BRICS PROVIDE THIS AVENUE. IF FED DO TAKE THE COLD SHOWER STEPS AT LEAST WE LESSEN THEIR IMPACT ON US.
As a neutral country it is better to diversify than relying heavily on the usd
what🤣🤣 baru aku perasan😅😅😅🇲🇾malaysia bukan negara yang kau cakap kan tu.😁😁gila ke aoa
from muslim ar here🤲🏻🤲🏻😀😀✌🏼
@@kamariahygirl1986libyaClearly you misunderstood what the point he/ she had said. As a neutral country means in economically, we are talkin about economic view not in our fanatic believe.. so phatethic 😅
@@HuruHara370 kau cakap apa😶🌫️😶🌫️
@@HuruHara370 maaf saya tidak faham eglis
Saudi Arabia already ditched dollar and go with Russia Ruble and China Yuan.
Doubt that is so. They now have the choice to trade oil in a few other currencies rather than exclusively in UsD.
They are still doing political balancing act for example, not going all out against Isrl (unlike Yemen). Assassination has always been a tool of current world hegemon to keep the subordinates in line.
citation needed
The consequences of doing so will b shown whther negative or positive
But then HOW are they going to get back the USD2billion they gave to Jared Kushner Trump's son in law, immediately after Trump left office?
Ringgit, ruble, rupee, rand, real, rmb
Ringgit, Rubles, Rand, Reals, Reminbi. ✌️👍😊
dollaR
When the devil changes it currency to Rallod can be considered 😂@@genbond7459
real madrid
Russia & China didn't challenge the existing global order, instead to reshape it so that it is more fair & just to all developed and developing countries, not to be dominated by a unilateral superpower.
Nonsense:))
You're absolutely right👍. The world should have other options instead of relying only dollars for all international trade. At the moment, US can sanction any country as it likes. But soon it'll change. 😊
@@lisamills161learn more kid
How about Philippines and China relationship in the air.
LOL say that again, but this time unironically.
join brics would benefits but malaysia need improve the political,corruption,economy ,illegal migrants& law insteadly
I agreed. Our politic is the reason our currency is dropped.
@@livliv2384 Don’t you study economics. It got nothing to do with politics. It is current account balance. Our trade balance is positive, but service account is negative.
It is because our towkays are employing foreigner; legal and illegal in our production. With the billions ringgit repatriated, our current account becomes negative, depreciating our currency.
@@anuardalhar6762 Foreigners salary is lower. Locals want higher salaries, and are reluctant to do certain jobs. They are choosy.
Locals are not interested in working in construction, plantation and cleaning jobs. Even, Felcra, Sime Darby hire foreigners in their plantations.
We cannot avoid foreign workers.
And also, many Malaysians are working in Singapore. They are sending money to M'sia.
You didn't mention abt glamorous govt spendings,leakages, corruption, freebies and subsidies in M'sia. Our civil services are bloated and the pensions are sky-rocketing! 😊🇲🇾
@@anuardalhar6762 inflow of foreign investment in Malaysia stock market, bond, property is another factor that determine the rise and fall of ringgit.
couldnt agree more.
Those who have gone through Asia financial crisis will understand why Brics membership is an good option.
Is it coincidence BRIC members currencies are weakening?
BRICS is multi polar world, its currencies are solid with members of many countries. where the western hegemony nations are crumbling in a heap of rubbish. BRICS is the future, not colonialism, a fossil.
OH MY GOODNESS what is the cover up with the simple statement in BRICS Malaysia will have two big brothers...Russia and China:)) and it keeps getting removed...tsk tsk tsk. I will post it on all the other comments and see what gets through
Agree
AMERICA'S RESPONSE To MALAYSIA: "Please Don't Irritate Me. Or I Will Encourage Israel to Bash the Palestinians some more."
To OH Ei Sun: Is your Pacific Research Centre of Malaysia Secretly FUNDED By the West???
😊
It would be good to have few financial systems to choose and use. If this can help to reduce inflation, then please join them.
It about market expansion into BRICS or BRICS plus partners and using mBridge's CBDC platform of financal system of trading. Anwar put Msian welfare interest first and maintain a diplomatic ties with other nations who do not favour Malaysia joining BRICS membership.
who asked Oeh,, He is real shallow in his analysis... ANd Dang,, luckily he doesnt head any ministry...
Shouldn't Oh state the reasons for his dismissal of Malaysia's plan to join BRICS?
As participating with developing countries sounds more suitable for Malaysia rather to let developing countries dictate and oppress to their whim and fancies for the last 70 years ... Simple as do you want to let the US Dollar/petrodollar be a weapon or do you want to trade in Ringgit, Yuan, Ruble or Rupees..?
On the same note, what has Malaysia gained from the US for staying with the Dollar? India is a lesson to all. Staying BFF with US and nothing to show.
Malaysia has recently gained (potential) massive investments from Google, Microsoft, Amazon. Also the US just returned a truck load of money from 1MDB.
@@effess8698 thank you for your commonsense and knowledge effess. Much appreciated. These people are SO illinformed on this site
@@effess8698 Datacenters don’t generate much income or jobs. Sadly.
@@effess8698 That is all short-term gain. Look further towards the future. Malaysia's trade with China is very massive and it keeps growing as day goes by. That is why you see almost all leaders from the world one by one going to China to work closely with China to increase and grow their trade and economy. Actions, results and volumes speak by itself.
How many leaders of countries are going to the US and the west for trade and economy? Maybe they go there to buy weapons and prepare for wars instead or to shake hands and for dinner. 😂😂😂
@@effess8698 Data centers consume huge amount of electricity and water. But anyway, these hi-tech companies chose Malaysia because only Malaysia sells land to outsiders to construct factories and data centers. Other regions don’t offer this transaction.
China want malaysia to join for their benefit too.
The dollar is trash.
BRICS is about cooperation and a shared future, not a political bloc. Countries that want to avoid the negative impact resulting from the manipulation of the dollar by the US will certainly avoid the use of the dollar for international trade. Singapore has no choice but to sink or swim with the dollar in the foreseeable future.
Singapore as a small nation is one of the biggest hoarders of Gold
Al like-minded nations must come together in this great opportunity to support BRICS or be subservient to US hegemony.
Looks like a group of failing economies being led by the CCP.
"AI like-minded" you mean Artificial Intelligence like your comment? Or can you just not spell basic English?
this statement itself is a joke. BRICS is an irrelevant , insignificant economic block of mostly Poorer or developing nations with chaotic and political divergent partners despite some having immensely huge population like India, China and Egypt . what is most laughable is that how could these nations , many actually are political dead enemies of each other e.g. China and India, Iran and Saudi Arabia manage to act , react and plan in unison within this "Coalition of poor freaks with diverging world views and interests"
Hegemony? 💀 Zzzz
It nothing wrong financially if you could widen your horizon of portfolios, the more the better.
When it is required to keep a 3rd party currency as reserve and which is constantly being strengthen through a monetary system dictated by geo political consideration, this move is right.
There is no fence sitting.
As long as us malaysian wont suffer then i dont see a problem
the Conclusion is need the Bricks to Develop Construction in this Country at the Affordable Price✌️
Oh is wrong. Luckily he doesn't decide for Malaysia.
Are you Malaysian and if you are then what makes it wrong 🤔.
Your justification? "Trust me bro?" Luckily you don't decide for Malaysia 😂
who are you even referring to?
Malaysia being a sovereign state doesn't need any approval from any country to join BRICS.. remember what the West said about Ukraine saying that they "wanted to" join NATO.?
The West is cannot dictate what policy Malaysia should adopt.....
The west can choose to stop investing in Malaysia and let them to continue making 100b usd failed debt traps ghost town projects by China.
yes they can , US is the largest investor in malaysia followed by Japan.
The US never dictate Malaysia. Whoever told you that? Coz why would US care about your decision? Its your choice. US has the most trading partners in the world. They don't care of any specific country just pure business that benefits both countries. Grow up Malaysians. That's why SIngaporeans are way smarter than you.
Just like China shouldn't beg Joe Biden not to sign the Tibet Bill, eh?.
It isn’t. Stop imagining things.
UNEXPECTED?. weii already long time been cosying laa...
No ONE trying to Decouple frm USD , but to hv NEW options of means doin business laa.
Walaweii...😂.
Congratulations Malaysia. .hopefully bring many benefits to the country and people as well as the country of brics. . 🇲🇾
What is this delicate balancing act for Malaysia if it joins Brics? It doesn't make sense. Malaysia is a sovereign nation that can make its independent decision to join Brics. As for Oi Sun, who cares if he's not in favour of dedollarization. Countries should shun the US dollar and unite in a multipolar world.
A paid dude will support his boss. Dedollarisation is the only wise move to be a truly free country and not a puppet economy.. to a corrupt government.
Correct.
Wait, are there no other ways to separate from USD evaluation other than joining dictators? 😢
But I agree, the USD peg is an unstable anchor
Bye bye USD
It's only logical to have all options on the table when trading with all nations. The Saudis are doing it so why can't we?
Yes ..yes ... Malaysia must be on the right side of history...
The early bird catches the worm....in the BRICS... there are 3 big Asian countries for us ... China , India, and Russia, and we will have greater access to Central Asia ...all these markets and NEW MARKETS
Here we are glad the PM has the courage to make the right decision...as compared to other Asean countries
BRICS is the future! Malaysia Welcome to BRICS! $$$ dollars are in crises, so those economies in BRICS would stand stronger!
India is also a BRICS member.
Also a QUAD member.
Also a Shanghai group member.😅
in summary, a two head snakes in the grass.
Moral of the story, never trust India 😅
Moral of the story, never trust India 😅
Lalang
sleeping around............like having many casual sexual partners
R u sure they will invest in malaysia
For any country there is a future with BRICS but not into remaining within the US dollar's dangerous monopolistic kingdom.
Well balance between superpôwer and growing developing nations relations.
....beware of the Ide of NED!!!!
WTF is this oh E sun to tell us it's not advisable to dedollarise? He must be a US stooge
Why worry so much, US and other like Japan and Korea have traditional mentality of if you can't fight it, join it.
Great decision, PM Anwar, good vision. Joining BRICS is the way forward to bring up Malaysia.
No Choice. He already made known over and over again he supports Hamas … Brics is the only option for us …
@@hlc95 My comment was focused on BRICS pe se, an excellent trade and social platform. My comment was devoid of any religious connotation.
Malaysia boleh🤘🤘🤘
While 🇬🇧 UK It's Friends with Indian i don't get it
It is obvious that the dedolarization is beneficial for a country financial safety, lower costs, and improve flexibility. I no longer respect Oi Ee Sun's opinion. He seems to be a talking point for the US. I wonder which organizations funding his operations.
FMT funded by SOROS NED
As usa had expected.its nor a big deal anyway
Very nice move 👏
Good to hear from Malaysia leaderships my country did listen to my advice since 2018 to join brics to ensure my country Malaysia is still remain have a good way to protect Malaysia sovereign rights. ,no need to listen to Singapore or west or NATO or EU or etc . Join brics is to protect our country Malaysia sovereign rights forever secure always.😇
SG no problem
5 most popular country leadership
Yes
Very good move...
BRICS should also make college education free. They should open schools so the US doesn't have a capital on that too. People come to the US for jobs and education. If you make that free then you can make jobs in other countries and no one would come here to have to pay for it. You can have degrees for everything you need without coming here and you already have all the stuff you need to build the buildings for the people to use their degrees with. You open schools, build the buildings then use them when they're done with school. You can hire people to build the buildings while the people go to school then they go to school after that. No one will need to come here anymore if you all have the stuff everyone needs in life.
Nobody in their right mind goes to US for education my guy. Go ask your regular American college kid how much debt they owe just for a bachelors degree it's honestly depressing.
Malaysia can trade freely with all countries East and West. Malaysia needs both East and West, North and South. Should remain Neutral and Open Country to ALL. Aligning with any of these BRICS group while rejecting another means you are putting BOTH legs in On Boat, Bad economic decisions. Best to follow Singapore.
TKUT APA DGN AMERIKI
Have a thought on CBDC
Join bric, ditch the monopoly usd
Hijrah in Islam means to move on a new endeavour...a change for betterness...in sya Allah
All brics money had backup by gold... America money backup none just paper and printing... Maybe next years they didnt send money to israel😊😊😊anymore😂😂😂
BRICS is the winning bet!
ded dollar .
.... it's time to ditch the Dollar...
A
Is indonesia in brics
Yes. Indonesia is in brick
@@alexng7583 And NO it is NOT
No
No
Yes
Hahaha!!!! BRICS should tread very carefully with the current WEF Prof-West clowns.
should we be worrying with the major investor from western?
How much can the west invest as they are having serious problems themselves? The future has already shifted to the East and towards the developing Global South as they together hold a HUGE significant growth, development, human population, demand, energy and resources and others vs the US and the west who can't even compete at all in terms of costs.
Stop thinking like in the 1970s and 1980s as that era is long gone. Now is already 2024 and the new world order is here.
Why? BRICS is not a defense pact, it's similar to the EU and G20
Not at the moment. AWS has investments in several BRICS nations e.g. South Africa, China, Indonesia etc. it really depends on how much BRICS want to try to assert themselves in the future and how difficult they want to make things. As BRICS expands it seems unlikely that Russia will be happy to allow American interests to expand too far into BRICS countries, and China will want to promote their local alternatives like Alibaba
china premier visit australia and new zealand before visit malaysia.. why should we concerned.. china remains the biggest trading partner in europe..
@effess8698 that's not how global economy works my dude lol. BRICS isn't paranoid like America, sanctioning other countries due to fear of competition of better, higher quality goods from other countries.
It's a good move. Nowadays, you can't survive alone.
OH MY GOODNESS what is the cover up with the simple statement in BRICS Malaysia will have two big brothers...Russia and China:)) and it keeps getting removed...tsk tsk tsk. I will post it on all the other comments and see what gets through
@@lisamills161you forgot another big brother India.
@@user-xy9ly2jf5h Indeed! And now Saudi Arabia has joined....well....oh but do you think that Saudi having given USD2bill to Trump's son in law, Jared Kushner, that allegiances will lie the other way?
@@user-xy9ly2jf5h I did write a reply agreeing.... however I also added with Saudi in there now what that means seeing as Saudi gave USD2Bill to Trump's son in law Jared Kushner where allegiances might lie? ONCE AGAIN YT OR Fmt deleted my reply...what ARE they hiding?.
@@user-xy9ly2jf5h Yep my replies are being removed but I agree with you. FMT or YT do not like me mentioning SA payment of USD2bill to Jared Kushner WhICH is a matter of public record.
The only good move by pmx
Like i said sonewhere, it cannot be a one man's decision to join or not to join Brics. After all, after accusing mahathir of making the decision not to proceed to pursuing the batu putih claim all by himself, it behoves upon the govn to prove it will only decide after making extensive debate and consultation.😊
What did you say before? Enlighten us
Yes do referendum. Russia economy is down the drain. China without west buying thier export will stagnant. Eu and usa imposed tax on ev. So malaysia will be flooded with ev. Bri is dead. Bric is warsaw pact version 2 disguise as emerging world economy. If NK join it will be trouble
Deciding to join BRICS isn't a rocket science dude. In case you haven't noticed, we are already experiencing ringgit depreciation as a result of the world geopolitics which the west (and NATO) have caused (or provoked). It's time to accept that America is decaying and for all these years they have been the hegemony superpower, they do very little good to the world but suffering.
USB
Good move
"Not in favour of the de-dollarisation by Asean countries" Bro, have you missed the train? Petrodollar, the main reason how the USD became so powerful, has stopped, meaning the dollar has literally nothing to back itself up. Why wouldn't Asean countries want to jump ship after that? Why would you favour staying with the dollar?
Clock's ticking. US is doomed.
That oh ei sun guy actually wants Singapore to join BRICS
Singapore will eventually join when other ASEAN countries already joined. Singapore has always been like that.
Finally a good decision
Either you are in or out. No such thing as balancing act and bending with the wind
Malaysia should be neutral.
We always has been neutral, and I believe Malaysia will be neutral forever if not threaten with war.
This isn't an organization like Warsaw Pact, I think Anwar is trying to protect our national interest.
Neutral in what? Nato vs Warsaw Pact?
This is not a military pact but an economical one!
Agreed we should remain neutral. Mind our own things. Trade with everybody. You must so stupid to sell our oil in RM. The west can depress our currency in minutes. We still have not recover from 98
SOME are so naive about BRICS !!!
I'll believe it when I see it 😂
So whatever the fuck happened to Anwar’s claim that said ‘Malaysia is trying to be impartial’ if we join BRICS then?
The wily PM trying to play both sides of the fence. Like lalang it bends whichever side the wind blows. A sign of a leader devoid of vision and no firm stand.
Joining BRICS does not mean giving up any rights. It simply means working towards a better brighter future, peacefully and economically and managing differences in a calm and peaceful way instead of wasting money buying more weapons and go to war and destroy own country and people as advocate by some country. Only dumb and insane people will do such brainless thing.
Please mindful of your language
@@casey7057 You reminds me of Captain America in Age of Ultron bro
Joining BRICS won't make us the "enemy" of united states & its allies nor become a vassal state of other super power. Simply, balancing our sht and not relying on dollar only. Ya got that boy??
Or the U.S. new currency is gold again. Then you all are… well… you know :)
Good! Bretton Woods monetary system was a mistake.
I disagree the ideal of de-dollars and support Malaysia should explore multilateral international economy bond relationship with South.
saudi arabia & united states - Petrodollar contract had not been renewed... no more petrodollar...
we are going to die
ninand russia are wanted to fine ohers counry to join us will always use dollar malaysian ringgit is useless now
🇺🇸❤
Slava Malaysia!
Slava is Ukraine, not Russia
@@banana_in_bottle4764 Slava mean glory bruh, and I think you tot Slava is Slav but both Ukrainian and Russian are Slavs, you dunno dont tokok la
@@edwardchi6908 the word Putin use is "ura". You are embarrassing yourself. You are a genuine tokok
US is not God neither is USD....More countries will join brics...
Hell it's about time. (StarCraft pun intended)
You really need to do more careful analyst on Russia and China unethical business practise before you make a decision that could affect million lives in Malaysia.
agree👍
You're right, look at Pakistan Bangladesh Sri Lanka and others who had a good business relationship with China. India has to bail out Sri Lanka, Nepal, Bhutan and Bangladesh...
PALESTINE (BRICS).............. ISRAEL(USA-EROPA).........BY. INDONESIA......PINTAR GENIUS SIKIT
We suffer bcos of USD.. this is our solid chance to end this
Kissinger said it best. It may be dangerous to be America's enemy, but to be America's friend is fatal. The key is whatever you do, keep America at an arms length, never place anything of value in America or risk not getting it back.
BRICS is not a trade bloc
Then what is it?
Malaysia should dedollarized immediately. Change all the Foreign Reserved to CNY.
But one hiccup no more bumiputra quota on companies it well known in BRICS
Why lie on the internet bro? 😂
JLow is more symptomatic of the corruption of the US and G7. They even made a movie about him 😂
dia macam job interview la , mmg le nak kerja tapi belum tentu dapat. brics tu waiting list panjang . tunggu putin cakap boleh ke tak.
😅😅😅😅🤣🤣🤣🤭🤭🤭
Being a member of communist money will be a great balancing action. SMiLE 😀
At this point we all rather have commi than US-led hegemony. SMILE 😃
The 100b debt trap ghost town project is making people do weird things.
Brics
Brazil. Russia. India. China. SouthAfrica
Likewise, US 1.6 trillion dollar student loan is also a timebomb. 🗣️📣
Think for another 10 to 15 years to come..not for next year..And if the dollar currency is the main monopoly..Think after joining who will monopoly the currency and THE country..already can be seen everywhere.Land,oil,sea etc..A smile with 32 teeth is not going to be a genuine act..Here itself full of corruptions.Just imagine..Our advice. Be strong,try to overcome by own, do the best and most importantly BE NEUTRAL as we always are. Save😊👍
Have they thoroughly analysed and formally debated about this or is this the usual slipshod move by geng Madani to gain quick publisiti?