Foreign Direct Investment inflows strengthen as EU investments rise to 91% share

The International Investors Association (YASED) has published
its Foreign Direct Investment (FDI) in Numbers Bulletin following
the release of the Turkish Central Bank’s Balance of Payments
statistics.
According to the bulletin, Türkiye attracted $1.8 …

The International Investors Association (YASED) has published
its Foreign Direct Investment (FDI) in Numbers Bulletin following
the release of the Turkish Central Bank’s Balance of Payments
statistics.

According to the bulletin, Türkiye attracted $1.8 billion in FDI
inflows in August, bringing the total for the first eight months of
the year to $10.6 billion. This represents a 58% increase compared
to the same period in 2024. Since 2003, the cumulative value of FDI
inflows into Türkiye has exceeded $284 billion.

Of the $1.8 billion in total FDI recorded in August, $1.5
billion came in the form of equity capital investments, while $137
million was attributed to debt instruments and $202 million to real
estate purchases by foreigners. After accounting for $90 million in
divestments, the net FDI inflow stood at $1.8 billion.

In August, the information and communication sector dominated
FDI inflows with $1 billion, accounting for 69% of total equity
capital investments. The wholesale and retail trade sector
followed, drawing 10% of total investments for the month.

During the first eight months of the year, the leading sectors
for foreign investment were:

Wholesale and retail trade: $2.5 billion

Information and communication: $1.2 billion

Food manufacturing: $1.2 billion

From 2003 to 2024, European Union (EU-27) countries accounted
for 58% of total FDI inflows to Türkiye. In the first eight months
of 2025, that share surged to 91%.

In August 2025, Luxembourg ranked as the largest investor
country with 71% of total inflows, followed by the Netherlands
(14%), Switzerland (2%), Azerbaijan (2%), and Ireland (2%).

Cumulatively for the first eight months of 2025, the top three
source countries were:

The Netherlands – $2.5 billion

Kazakhstan – $1.1 billion

Luxembourg – $1.1 billion

Meanwhile, early-stage FDI Markets data for the first half of
the year showed that global greenfield investment announcements
exceeded $700 billion. This marks only the third time since 2003
that the $700 billion threshold has been surpassed.

Among the 7,400 projects announced worldwide, 62 mega
projects—each valued at over $1 billion—accounted for one-third of
total capital commitments. Data centers and semiconductor
facilities led the way, with 24 mega deals worth around $300
billion in combined investment pledges.

Despite rising electricity demand driven by artificial
intelligence and cloud computing, renewable energy investments saw
a decline, falling from $147 billion in the first half of 2024 to
$83 billion in the same period of 2025.

Abuja airport runway shut down after jet tyre burst

The runway of Nnamdi Azikiwe International Airport, Abuja, was temporarily shit down on Thursday after a private jet experienced a tyre burst on landin…

The runway of Nnamdi Azikiwe International Airport, Abuja, was temporarily shit down on Thursday after a private jet experienced a tyre burst on landing, forcing a temporary shutdown of the runway.

Authorities have however confirmed that the aircraft was cleared, and normal operations have resumed.

It was gathered that the incident occurred around 2:00 p.m. on Thursday, leading to a temporary shutdown of the runway.

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Confirming the development, Michael Achimugu, the Director of Public Affairs and Consumer Protection at the NCAA confirmed to some news media that the disruption was caused by a tyre burst from a private aircraft during landing, but noted that normal operations had since resumed.

“I was informed that a private aircraft experienced a tyre burst on landing. But it has been cleared off the runway and operations are back to normal,” Achimugu said.

Make use of MRC talks

Thailand is set to host a…

Make use of MRC talks

Thailand is set to host a meeting of the Mekong River Commission (MRC) in Chiang Rai from Nov 25-27. The choice of location couldn’t be more appropriate — for over a decade, local civic groups have been using the northern province as a base for their campaigns against major infrastructure projects, which they believe could harm the region’s rivers.

This time, the meeting will focus on mining activities in the Mekong River’s upstream reaches, which are polluting downstream rivers with toxic residues generated by mineral extraction processes.

Several communities along the Kok River, a major tributary of the Mekong that begins in Myanmar’s Shan State and courses through Chiang Rai province, have been on high alert since the start of the year, when the Pollution Control Department (PCD) said they found excessive levels of arsenic in the river.

The finding prompted the MRC — an intergovernmental organisation that works with governments in the Lower Mekong Basin — to analyse water samples collected from the Mekong before it joins the Kok. In July, the MRC said arsenic levels exceeded safe limits in four out of five samples taken in Thailand and Laos.

More recently, a research team from Chiang Mai University said samples collected along the Salween River, which runs along the Thai-Myanmar border, were also contaminated with arsenic beyond acceptable standards.

While no one has claimed responsibility for the contamination, all eyes are now on gold and rare earth mining operations in Myanmar’s Shan State, which shares a border with both Thailand and China. The semi-autonomous area is currently under the control of the United Wa State Army (UWSA), a powerful regional ethnic militia.

Dealing with these mines won’t be easy, given the current situation in Myanmar. Since the coup in 2021, the country has been in a state of civil war, with many territories under the control of ethnic militias. To fund their operations, these militias make money through scams, trafficking and, recently, rare earth mining, which is backed by Chinese investors.

So far, the government hasn’t been able to get either the junta in Nay Pyi Taw nor the UWSA to cooperate. The military, which at one time held sway over Myanmar’s military and ethnic rebel groups along the border, seems to be powerless.

But the problem requires urgent action.

This week, the Ministry of Environment was forced to halt its plan to build small check-dams along the Kok River to trap toxic sediments after local residents resisted the plan. Local residents simply do not trust that the government will be able to scoop up all sediments.

The big question now is, how will the government and the MRC react to the threat?

Thailand must make use of the meeting in Chiang Rai and other regional mechanisms, including Asean, to raise awareness on the risks posed by upstream mining activities, especially since the industry is making inroads in the region.

Thailand, for example, has been trying to expand its rare earth processing capacity, so it is just a matter of time before the Thai and Lao governments start promoting rare earth exploration. The region is in serious need of a good environmental protection framework to deal with such a highly polluting industry. The government must push all stakeholders concerned to establish a greener supply chain for rare earths, before it is too late.

How a bad edit became a global controversy

I have spent thousands of hours sitting alongside video editors working on productions quite similar to the Panorama documentary that has landed the British Broadcasting Corporation with the threat of a billion-dollar libel suit by Donald Trump. I thin…

I have spent thousands of hours sitting alongside video editors working on productions quite similar to the Panorama documentary that has landed the British Broadcasting Corporation with the threat of a billion-dollar libel suit by Donald Trump. I think I know what happened.

Most people don’t talk in complete sentences unless they are reading a script. They ramble, they backtrack, they take a long time saying something that could be expressed much more quickly — and part of the editor’s job is to clean it up: keep it short, clear and to the point.

That’s why you always need “cutaways”: shots of the crowd, of the speaker’s hands, of anything that can provide visual material to cover the fact that you have just made a sound edit. Otherwise you will have a jump cut in the video, which nobody likes.

So there is an honour system which says that you can edit the shot, but you must not change the meaning.

It’s not always a written code. In many places, it’s more of a consensus. Occasionally, there will be an argument about whether an edit is legitimate or not, but everybody knows more or less where the line is — and since they are all editing footage against deadlines every day, there is really no time for lengthy debates.

Now we come to the specific edit that caused the problem. It purported to show Donald Trump urging the crowd on Jan 6, 2021, to attack the Capitol building, where Vice-President Mike Pence was scheduled to ratify the election returns and acknowledge that Joe Biden had won the 2020 election.

Mr Trump had already been falsely claiming for almost two months that the election had been “stolen” from him by the Democratic Party. He had already posted on his website that the big protest in Washington, DC, on Jan 6 would “be wild”. Thousands of his extreme supporters — Oath Keepers, Proud Boys and the like — were already in the city.

So one or more of the Panorama editors “remembered” that Mr Trump told the mob to attack the Capitol. He must have. Even three and a half years later, they were sure they saw him saying that on that morning.

But when they looked for it on screen, it wasn’t there. His wishes were clear, but he never said all the words together in quite the right order.

Donald Trump is the veteran of a hundred courtroom battles. There are not many days when he doesn’t consult a lawyer about one thing or another. He was hoping to reverse the outcome of the election by force and regain the presidency, but he knew that his plan might not work, and he did not want to face charges of treason and rebellion.

The Panorama editors working on this part of the documentary were clearly so frustrated by this that they created a clip in which Mr Trump did say the words in the right order, some from 20 minutes in and some from 50 minutes later. That was a brazen, stupid lie.

BBC people from outside the Panorama team would have seen the finished product before broadcast, but if nobody warned them about the clip, they probably didn’t notice that it was a fake. It’s what they thought Mr Trump said, it’s what he meant people to think he was saying, but it is not what he actually said.

Mr Trump says he will sue the BBC for a billion dollars, but the biggest defamation payout ever awarded by a British court was about US$2 million (64.7 million baht). US libel awards can go a thousand times higher, but persuading an American court that Mr Trump’s reputation took a severe hit over this would not be easy. Love him or hate him, everybody already knows what he’s like.

The BBC’s status as the English-speaking world’s “most trusted source of information” will probably survive, although it is currently running number two in the United States (just behind the Weather Channel). The whole thing will probably die down in a few weeks.

It is, as Tina Viljoen remarked, “a firestorm in a teapot”.

How a bad Trump edit became a global controversy

I have spent thousands of hours sitting alongside video editors working on productions quite similar to the Panorama documentary that has landed the British Broadcasting Corporation with the threat of a billion-dollar libel suit by Donald Trump. I thin…

I have spent thousands of hours sitting alongside video editors working on productions quite similar to the Panorama documentary that has landed the British Broadcasting Corporation with the threat of a billion-dollar libel suit by Donald Trump. I think I know what happened.

Most people don’t talk in complete sentences unless they are reading a script. They ramble, they backtrack, they take a long time saying something that could be expressed much more quickly — and part of the editor’s job is to clean it up: keep it short, clear and to the point.

That’s why you always need “cutaways”: shots of the crowd, of the speaker’s hands, of anything that can provide visual material to cover the fact that you have just made a sound edit. Otherwise you will have a jump cut in the video, which nobody likes.

So there is an honour system which says that you can edit the shot, but you must not change the meaning.

It’s not always a written code. In many places, it’s more of a consensus. Occasionally, there will be an argument about whether an edit is legitimate or not, but everybody knows more or less where the line is — and since they are all editing footage against deadlines every day, there is really no time for lengthy debates.

Now we come to the specific edit that caused the problem. It purported to show Donald Trump urging the crowd on Jan 6, 2021, to attack the Capitol building, where Vice-President Mike Pence was scheduled to ratify the election returns and acknowledge that Joe Biden had won the 2020 election.

Mr Trump had already been falsely claiming for almost two months that the election had been “stolen” from him by the Democratic Party. He had already posted on his website that the big protest in Washington, DC, on Jan 6 would “be wild”. Thousands of his extreme supporters — Oath Keepers, Proud Boys and the like — were already in the city.

So one or more of the Panorama editors “remembered” that Mr Trump told the mob to attack the Capitol. He must have. Even three and a half years later, they were sure they saw him saying that on that morning.

But when they looked for it on screen, it wasn’t there. His wishes were clear, but he never said all the words together in quite the right order.

Donald Trump is the veteran of a hundred courtroom battles. There are not many days when he doesn’t consult a lawyer about one thing or another. He was hoping to reverse the outcome of the election by force and regain the presidency, but he knew that his plan might not work, and he did not want to face charges of treason and rebellion.

The Panorama editors working on this part of the documentary were clearly so frustrated by this that they created a clip in which Mr Trump did say the words in the right order, some from 20 minutes in and some from 50 minutes later. That was a brazen, stupid lie.

BBC people from outside the Panorama team would have seen the finished product before broadcast, but if nobody warned them about the clip, they probably didn’t notice that it was a fake. It’s what they thought Mr Trump said, it’s what he meant people to think he was saying, but it is not what he actually said.

Mr Trump says he will sue the BBC for a billion dollars, but the biggest defamation payout ever awarded by a British court was about US$2 million (64.7 million baht). US libel awards can go a thousand times higher, but persuading an American court that Mr Trump’s reputation took a severe hit over this would not be easy. Love him or hate him, everybody already knows what he’s like.

The BBC’s status as the English-speaking world’s “most trusted source of information” will probably survive, although it is currently running number two in the United States (just behind the Weather Channel). The whole thing will probably die down in a few weeks.

It is, as Tina Viljoen remarked, “a firestorm in a teapot”.

Gates’ ‘truth’ about climate change

Ahead of this year’s United Nations Climate Change Conference (COP30), now underway in Belém, Brazil, Bill Gates, who chairs and funds the foundation that bears his name, released an essay entitled “Three tough truths about climate”. T…

Ahead of this year’s United Nations Climate Change Conference (COP30), now underway in Belém, Brazil, Bill Gates, who chairs and funds the foundation that bears his name, released an essay entitled “Three tough truths about climate”. The first of these truths is: “Climate change is a serious problem, but it will not be the end of civilisation.”

Mr Gates recognises that climate change is “a very important problem”, that it “needs to be solved” and that “[e]very tenth of a degree of heating that we prevent is hugely beneficial because a stable climate makes it easier to improve people’s lives”. Nevertheless, to say that climate change will not be the end of civilisation must lessen our sense of the urgency of acting to mitigate it. So, we should ask whether this “truth” really is true.

Mr Gates defends his flat statement that climate change “will not be the end of civilisation” with a graph showing that even if countries do no more than continue what they are doing now, “Global warming will probably be less than 3°C by 2100”.

More precisely, the graph suggests that by 2100, with countries continuing to do what they are doing now, the global average temperature will be 2.9C above the pre-industrial level.

Suppose we agree that, although a global temperature rise of 2.9C would make some parts of our planet uninhabitable because of extreme heat or rising sea levels, enough will still be suitable for human habitation to allow civilisation to continue. The question remains: Will the temperature rise stop at 2.9C?

To make the case that it will, Mr Gates gives a detailed account of technological innovations that, he believes, could enable us to move to zero emissions before the end of the century. But he misses something critically important. To see this, let’s take a step back.

The United Nations Framework Convention on Climate Change (UNFCCC), which has been signed by 198 parties, including all United Nations member states, dates from the “Earth Summit” held in Rio de Janeiro in 1992. Article 2 of the convention states that its ultimate objective is to achieve “stabilisation of greenhouse gases in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system”.

The convention did not put any specific limit on how much global warming could be tolerated without dangerous anthropogenic interference with our climate. Countries had different views about that, and the science was still developing.

Eighteen years later, however, at the 16th Conference of the Parties to the UNFCCC (COP16), in Cancún, the science was sufficiently advanced for it to be agreed that to avoid danger, global warming must be limited to 2C above pre-industrial levels. Then, in 2015, with further evidence showing the threat of sea-level rise to low-lying island states, the agreement was further refined at COP21 in Paris to hold the increase to “well below” 2C while “pursuing efforts to limit the temperature increase to 1.5°C”.

All the criticism of the 2C limit has been on the side of saying that it is too high. For example, a two-year expert review reported to the UNFCCC in 2015 that “the ‘guardrail’ concept, in which up to 2°C of warming is considered safe, is inadequate, and would therefore be better seen as an upper limit, a defence line that needs to be stringently defended, while less warming would be preferable”.

No major country, nor any authoritative expert body, has suggested that we could safely raise the 2C limit. The main reason for this is not that civilisation will be unable to survive in a world that is 2C warmer than the pre-industrial world was, or that, as Mr Gates points out, it is easier to improve people’s lives when the climate is stable.

Instead, the main reason is that once global warming exceeds 2C, the risk of activating positive feedback loops increases significantly. These loops may further increase global temperatures even if we have, thanks to the technological innovations Mr Gates mentions, reduced to zero the emissions for which humans are directly responsible.

Three of these feedback loops are particularly important. When we include these and other reinforcing loops in our calculations, we cannot easily brush aside the threat climate change poses to the future of civilisation.

Mr Gates seeks to de-emphasise the existential threat posed by climate change in order to “put human welfare at the centre of our climate strategies”. But this doesn’t tell us how tolerant we should be of the risk of creating a climate that will be disastrous for human welfare for centuries to come. Tolerating 2.9C of warming by 2100 may, in the long run, be far worse for human welfare than doing everything possible to keep warming below 2C. ©2025 Project Syndicate

Peter Singer

Professor of Bioethics at Princeton University

Peter Singer is Professor of Bioethics at Princeton University and Laureate Professor at the University of Melbourne. His books include ‘Animal Liberation’, ‘Practical Ethics’, ‘The Point of View of the Universe’ (with Katarzyna de Lazari-Radek), and, most recently, ‘The Most Good You Can Do’.

No-confidence and poll date in flux

Prime Minister Anu…

Prime Minister Anutin Charnvirakul visits soldiers at the 11th Infantry Battalion on Tuesday in Phu Makua, Kantharalak district, Si Sa Ket province, after a landmine blast injured four Thai soldiers early this week. (Photo: Government House)
Prime Minister Anutin Charnvirakul visits soldiers at the 11th Infantry Battalion on Tuesday in Phu Makua, Kantharalak district, Si Sa Ket province, after a landmine blast injured four Thai soldiers early this week. (Photo: Government House)

Amid the drumbeats of military conflict with Cambodia, Thailand’s political environment is evidently unruly and unsettled. The minority government of Anutin Charnvirakul, the third prime minister from the third largest-winning party since the latest national election in May 2023, is hard-pressed to stay in office beyond the four-month “Memorandum of Agreement” between his Bhumjaithai Party (BJT) and the People’s Party (PP), the largest camp in the national assembly.

As pressure mounts from a planned no-confidence motion in December and explosive corruption allegations against cabinet members related to scam networks and cyberfraud, Prime Minister Anutin may be forced to bring forward the election from the anticipated end of March next year, despite his playing up nationalism over the Thai-Cambodian border dispute.

Following the dissolution of PP’s predecessor Move Forward Party and the removal of the second-largest poll winner, Pheu Thai Party’s Srettha Thavisin, from the premiership in August 2023 and Paetongtarn Shinawatra a year later, Mr Anutin took the helm of a stopgap administration. Despite the four-month MoA with PP, the Anutin cabinet comprising old-style unsavoury politicians from provincial patronage networks appeared set to stay in public office where they are able to gain from pork-barrelling projects ahead of the next poll, which is due by May 2027.

While the finance, commerce, and energy portfolios were filled by technocrats, the lion’s share of cabinet posts went to the Anutin-led BJT, overseen by party patriarch Newin Chidchob, along with coalition allies, Klatham and United Thai Nation parties. The BJT-PP deal was that Mr Anutin would steer parliamentary proceedings and see through charter amendments to pave the way for a new constitution by holding a referendum on its drafting structure concurrently at the next poll.

But as he settled into the premiership, the going got tough quickly for Mr Anutin. While a wide array of his cabinet ministers was previously embroiled in scandals, including Deputy Prime Minister and Agriculture Minister Thamanat Prompow’s earlier conviction and jail term in Australia on drug-trafficking charges, allegations of his linkages with cyber-crimes and scam centre networks based in Cambodia put Mr Anutin on the back foot. As more facts surrounding the labyrinthine cross-border multibillion-dollar transnational criminal ring surfaced, more questions went unanswered. Deputy Finance Minister Vorapak Tanyawong had to resign unceremoniously due to accusations of his link with BIC Bank in Cambodia, founded by controversial Cambodian businessman Yim Leak.

It turned out that the accusation against Mr Vorapak was just the tip of the iceberg as a report of cyberfraud, human- and drug-trafficking and money-laundering among cyber-criminal networks became exposed. Chen Zhi of the Prince Group and Hun To of Huione Group were fingered as two of the leading masterminds of these scam networks, along with Benjamin Mauerberger, allegedly the key conduit among these criminal gangs. The United States Treasury Department confiscated nearly $15 billion of the Prince Group’s and Chen Zhi’s crypto and other financial assets on cyberfraud, human trafficking and money-laundering charges. The United Kingdom, South Korea, Taiwan, and Singapore have similarly cracked down on them.

The allegation of a Thai connection to these obscure figures and business outfits appears wide and deep. For example, the Prince Group happened to rent a unit at Mr Anutin’s family-owned Sino-Thai office building. Mr Mauerberger’s photos with senior Thai officials made the rounds on social media. Despite declaring what comes across as a ceremonial “war” on scam networks, Mr Anutin appears unenthusiastic in going after the criminal networks. As the Thai-Cambodian border conflict takes centre stage, consumes attention and diverts headlines, Mr Anutin may be hoping that the frenzy of nationalism at home will crowd out the scam crisis and yield electoral advantages when the poll takes place.

All the same, the Pheu Thai Party under the new leader, Julapun Amornvivat, is on course to file a no-confidence motion when parliament reconvenes in December. The BJT has poached and accepted defecting MPs from other parties, but at under a hundred, its ranks are not enough to withstand a no-confidence onslaught unless PP and its 143 MPs stick to the MoA. But it will be difficult for PP to stand by BJT in view of the damning evidence of corruption and fraud from the scam crisis. Mr Anutin has already hinted on several occasions that he will dissolve the Lower House if a no-confidence motion looms against his minority government without enough support. As he is constitutionally barred from calling a new election once the no-confidence motion takes effect, the prime minister may have to cut short his term.

The four-month timeline pins the Lower House dissolution on Jan 31, with a new poll on March 29, but Mr Anutin may now have to dissolve the assembly before its next session from Dec 12. This would put the election date in February within the mandated 60-day window. To be sure, the ruling party is more prepared for polls in what is shaping up as a largely three-way race among the BJT, Pheu Thai, and PP.

To be sure, the Anutin government has rolled out a sizeable tax relief programme and “half-half” subsidy measures for low-income earners who could purchase basic goods at half price with the government picking up the remainder.

As soon as it took office, BJT recalled and reworked promotion lists of senior civil servants, placing its favourites and loyalists in key positions of authority for electoral advantages and supervision over provincial purse strings. It also put the two red-hot fraud cases of BJT collusion and manipulation of Senate elections, and encroachment of public land on the legal back burner.

With Pheu Thai trying to regain its footing and the PP’s dilemma of whether to stick with the MoA for constitutional reform and therefore with the BJT or ditch the ruling party and potentially put off charter change due to the scam crisis, the BJT will likely rely on oversight agencies and its establishment backers to outmanoeuvre PP and Pheu Thai in an effort to stay on to power after the poll. And if necessary, Mr Anutin could also try to make use of a military clash at the Thai-Cambodian border to delay the election timetable and complicate the planned no-confidence motion.

Thitinan Pongsudhirak

Senior fellow of the Institute of Security and International Studies at Chulalongkorn University

A professor and senior fellow of the Institute of Security and International Studies at Chulalongkorn University’s Faculty of Political Science, he earned a PhD from the London School of Economics with a top dissertation prize in 2002. Recognised for excellence in opinion writing from Society of Publishers in Asia, his views and articles have been published widely by local and international media.