5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Marcos says Philippines open to joining BRICS bloc

by
August 7, 2025
in Stock
0
Marcos says Philippines open to joining BRICS bloc
PRESIDENT Ferdinand R. Marcos, Jr. at the Philippines-India Chief Executive Officer (CEO) Roundtable in New Delhi on Aug. 6. — NOEL B. PABALATE/PPA POOL

By Chloe Mari A. Hufana, Reporter

PRESIDENT Ferdinand R. Marcos, Jr. said the Philippines is open to the possibility of joining the BRICS bloc, as Manila seeks to expand its global partnerships amid shifting geopolitical dynamics.

“I’ll certainly be open to it,” he told India-based news outlet Firstpost in an interview posted on its YouTube channel. “I haven’t given it a lot of thought… We’d have to certainly look into it, but it provides us more options.”

The President noted that while Manila is not “necessarily” planning to join the bloc now, the idea could be studied further with his Cabinet. “We’re too concerned looking internally — how to make the economy work, how to bring growth, how to create jobs… so well, it’s a thought,” he added.

His remarks come during a five-day state visit to India that ends on Aug. 8, during which he met with Indian President Droupadi Murmu and Prime Minister Narendra Modi to deepen diplomatic and economic ties.

The trip coincides with growing interest in alternative platforms for trade and development among developing countries.

BRICS — originally comprising Brazil, Russia, India, China, and South Africa — expanded its membership to include Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, and briefly, Argentina.

Indonesia officially joined the bloc in January. BRICS nations now account for over 40% of the world’s population and about the same share of global economic output, according to International Monetary Fund (IMF) data.

The expansion highlights BRICS’ appeal to emerging economies seeking alternatives to Western-dominated institutions such as the Group of Seven (G7), especially amid global uncertainties driven by US President Donald J. Trump’s return to power.

Josue Raphael J. Cortez, a diplomacy lecturer at De La Salle-College of St. Benilde, said the Philippines’ possible interest in BRICS aligns with its foreign policy trajectory.

With Southeast Asian peers like Indonesia, Vietnam, Thailand and Malaysia already involved, BRICS offers a platform to engage in multipolar cooperation, he said.

“Undoubtedly, this may be viewed by its Western partners as a way of policy shifting,” he said in a Facebook Messenger chat, citing the US’ cautious stance toward the group. “However, in light of recent political and economic developments, there is nothing erroneous with such a move if ever.”

Mr. Marcos’ openness to BRICS comes just weeks after his meeting with Mr. Trump at the White House, where both sides reaffirmed defense cooperation.

The Philippines’ possible membership in a bloc with key American rivals Russia, China, and Iran may signal policy-shifting, as it has always been proactive in strengthening ties with existing alliances.

“But the times we are in call for us to expand our cooperation with groups, regardless of ideological and political nuances,” Mr. Cortez said.

Previous Post

BIR files P1.4-B tax evasion cases vs firms, CPAs

Next Post

PHL, India ink 18 business deals as Marcos pushes strategic economic ties

Next Post
PHL, India ink 18 business deals as Marcos pushes strategic economic ties

PHL, India ink 18 business deals as Marcos pushes strategic economic ties

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Former Dragons’ Den star Julie Meyer stripped of MBE after court contempt ruling

    Former Dragons’ Den star Julie Meyer stripped of MBE after court contempt ruling

    August 9, 2025
    Deliveroo posts £19m loss despite £1bn revenue as Doordash takeover costs bite

    Deliveroo posts £19m loss despite £1bn revenue as Doordash takeover costs bite

    August 8, 2025
    Factory output slows to 3-month low in June

    Factory output slows to 3-month low in June

    August 8, 2025
    Rayner defends plan to raise 18-year-old minimum wage despite business backlash

    Rayner defends plan to raise 18-year-old minimum wage despite business backlash

    August 8, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.