In a bid to pivot Malaysia’s economic success, renowned academic Michael Tai has emphasised the importance of sound governance alongside internal stability as it seeks to leverage opportunities from China. While navigating through the historic and complex geopolitical landscape, Malaysia finds itself at the intersection of shifting economic alliances and evolving global market dynamics. Malaysia recently celebrated fifty years of diplomatic relations with China, marking a significant milestone since the bold establishment of ties by then Prime Minister Tun Abdul Razak in May 1974. This move marked the development of formal relations on May 31, a decision that expanded the…
Author: BRICS+ News Services
Addis Ababa, June 12, 2024(Addis Walta) The Ethiopian Undersecretary for Foreign Affairs, Ambassador Mesganu Arga, has held a high-level discussion with the Greek Ambassador to Ethiopia, Anna Farrou, to discuss fostering bilateral relations between the two nations. Ambassador Mesganu emphasised the historical significance of the relationships between Ethiopia and Greece and believes that these connections should be strengthened at all levels – culturally, economically, and politically. He pointed out that ongoing political communication and consultation are paramount in order to achieve stronger and more resilient bilateral ties. Recalling the rich historical precedence of Ethiopian-Greek relations rooted in both ancient and…
The recently publicized draft State Ownership Policy (SOP) from the Egyptian Government has raised several crucial questions regarding its practical application, specifically in relation to the military’s business operations and substantial role within the nation’s economy. Though the preliminary document did not touch upon these concerns, they have been addressed in the finalized SOP and the official Memorandum of Economic and Financial Policies (MEFP), demonstrated through the inclusion of all military businesses under the same regulatory and governance guidelines as other public sector bodies. However, the introduction of these new provisions has raised questions regarding the government’s capacity and political…
In the aftermath of recent Lok Sabha polls, Rahul Gandhi found himself grappling with a conundrum. Having emerged victorious in the Lok Sabha seats of Wayanad and Rae Bareli, he was now faced with the difficult decision of choosing which constituency to represent. As a progressive leader, known for his unflagging commitment towards his people, Gandhi reassured constituents of both regions that his ultimate decision would serve their best interests. Speaking in Kerala’s bustling city of Malappuram, Gandhi showed his gratitude towards the residents of Wayanad for conferring on him the honour of representing them in the Lok Sabha for…
Russia and Belarus, two nations deeply intertwined by geopolitical ties, have recently embarked on the subsequent phase of military exercises featuring the use of tactical nuclear weapons. This move, reported by news distributor TVP World, signifies an escalation in tensions and evokes apprehension within the international community. These notable military exercises represent a concerted effort by Russia and Belarus to demonstrate their formidable joint military capabilities tailored to the operational application of tactical nuclear armament. Tactical nuclear weapons, contrasted against strategic nuclear weapons, are primarily designed to be used on the battlefield. They possess lower yields and shorter ranges but…
In recent tragic aviation accidents that claimed the lives of Iran’s President Ebrahim Raisi and Malawi’s Vice President Saulos Chilima, questions surrounding flight safety have come into sharp focus. As the world mourns these devastating losses, Russian officials have attempted to reassure the public about their own leader’s safety in the skies. Kremlin spokesperson Dmitry Peskov confidently asserted that if Russia’s President Vladimir Putin opts to travel on domestic aircraft, he will be shielded from the perilous fate that befell Raisi and Chilima, given the purported reliability of these vehicles. However, the assertion of Russia’s flight safety superiority might be…
The 2024 edition of the BRICS Games is set to kick off this Wednesday, June 12 in Kazan. The event, which was organized in Russia at the request of Vladimir Putin in May 2023, will feature 27 sports, both Olympic and non-Olympic, including rhythmic gymnastics, fencing, artistic swimming, judo, badminton, karate, wrestling, and sambo. Athletes from the five BRICS countries (Brazil, Russia, India, China, and South Africa) will be participating, along with representatives from nearly 100 other nations. This year’s edition marks the first time that athletes from non-BRICS countries have been invited to compete. The BRICS Games have been…
The South African Chamber of Commerce and Industry (SACCI) reported a decrease in the Business Confidence Index for May, with a reading of 107.8 compared to 108.9 in April and 114.7 in March. SACCI highlighted that the trajectory of business confidence moving forward will be heavily influenced by the composition of the new government, following the African National Congress (ANC) losing its parliamentary majority for the first time since assuming leadership at the conclusion of apartheid three decades ago.
A meeting was held in Sarajevo, as reported by the Iran Press news agency, with the participation of Abuzar Ebrahimi, the ambassador of Iran to Sarajevo, Hossein Divsalar, the secretary of the Supreme Council of the Organization of Islamic Culture and Communications, Mohammad Hossein Ansari, the cultural attaché of Iran, and Imanipour, the head of the Organization of Islamic Culture and Communications. The participants discussed the historical, cultural, and religious commonalities between nations, emphasizing the influential writers and poets from Mostar who have contributed to the promotion of Persian language and literature in the Balkans. Fevzi Mostari, a notable Bosnian…
In early trading on Wednesday, Hong Kong stocks fell, leading the benchmark index to drop below the 18,000 mark for the first time in two months. This decline was attributed to weak domestic demand indicated by China’s inflation data. The Hang Seng Index decreased by 1.5% to 17,904.81 as of 10 am local time, potentially closing below 18,000 for the first time since April 30. The Hang Seng Tech Index also slid by 1.4%, while the Shanghai Composite Index remained relatively unchanged. China’s statistics bureau reported a 0.3% increase in consumer prices compared to a year ago, falling short of…