KUALA LUMPUR: While there are advantages to joining the BRICS (Brazil, Russia, India, China and South Africa) bloc, Malaysia needs to be aware of some risks involved in such a move, an expert says.
Mohd Prasad Hanif, the secretary general of the Association of Development Finance Institutions of Malaysia, noted that the challenges include the lack of cohesion, currency volatility and liquidity risks as well as geopolitical tensions that create regulatory uncertainty.
