Singapore and Malaysia unveil Johor joint economic zone

Indonesia has been accepted as a full member of the Brics group of emerging economies, according to a statement from Brazil, the bloc’s presiding nation. 

The statement said Indonesia “shares with other . . . members the support for the reform of the global governance institutions and contributes significantly to the deepening of Global South cooperation”.

Brics leaders endorsed Indonesia’s candidacy in August 2023, but Jakarta formally notified its interest in joining the group only after President Prabowo Subianto came to power in October.

The bloc was initially made up of Brazil, Russia, India, China and South Africa, but has expanded in recent years.

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