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MARCOS TO ATTEND BRICS SUMMIT AS ASEAN CHAIR
President Ferdinand Marcos Jr. will attend the September 12–13 BRICS summit in New Delhi at the invitation of Indian Prime Minister Narendra Modi, the Department of Foreign Affairs said today. He is attending in his capacity as this year's chair of the Association of Southeast Asian Nations, or ASEAN.
BRICS brings together major emerging economies, including Brazil, Russia, India, China and South Africa. Attending its summit does not make the Philippines a member. Asked about possible membership, DFA spokesperson Analyn Ratonel said the question would require further study and monitoring.
The announced agenda includes economic uncertainty, digital infrastructure and climate action. Marcos is also expected to meet Modi to discuss the Philippines-India partnership and speak with Indian business leaders about investment pledges made during his visit last year.
Those pledges totalled about US$5.8 billion. They describe commitments announced at the time, not proof that the full amount has already reached Philippine projects or created jobs. Following up on them gives the government a chance to establish which projects are moving, which have stalled and what still needs to happen.
WHAT TO WATCH
After the visit, look for identified projects, implementation dates and signed agreements. Those details will make it possible to assess progress beyond the announcement of meetings or another total of prospective investments.