French painter features Filipino daily life with Manila exhibition

WHAT happens when a foreigner gets inspiration from a Filipino artist and our everyday lives?

Such is the case for French artist Henri Lamy, as he held his latest Manila exhibition ‘Maharlika and Dakila’ at the Alliance française de Manille, with his latest paintings becoming a convergence of French and Filipino inspiration.

More than that, his latest exhibition drew inspiration from daily life in the Philippines, as it shared a glimpse not of the city’s everyday rhythm, but from those living in the rural areas. This surfaced as Lamy shared that he recently moved to Puerto Galera, Occidental Mindoro.

For one, Lamy’s painting ‘Bankeiro’ showcases a realistic depiction of a mangingisda (fisherman) in the Philippines. Still, with his style, he added more details which depict the rainy seasons that they face, as seen by the color of the sky mixed with clouds and thunder. The oil-and-acrylic on canvas artwork was priced at P100,000.

To showcase his love for his family, the artist also produced ‘Eskuela,’ priced at P200,000. It is a painting of his child in a classroom, seemingly having a hard time adjusting in the Philippines due to language barriers. He said that his son’s demeanor reminded him of himself when he was young and not being able to fit in with his peers.

‘[My son is still] getting accustomed to speaking Tagalog because he grew up in France. And, I found it funny… [but] not that funny, actually,’ he shared during an exclusive interview. ‘That’s why it kind of answers the question about, ‘Do you need to be sad to be an artist?’ Sometimes, yes, we’re inspired by any type of emotion, [whether] you’re super happy, sad, nostalgic, et cetera…’

‘Dancing artist’

AT the event, Lamy also performed his signature ‘capoeira painting,’ as he did a martial dance against the canvas itself alongside Bantu kids, paired with music. His performance felt free, splashing paints on the canvas as he moved.

‘The flow is kind of similar-meaning, I’m open to every accident and outside inspiration within the course of the creation of my paintings. So I think it’s a good way to show it,’ the artist explained. ‘I’m not doing capoeira painting every day at the studio. It’s mostly something that I perform in the public during shows, but it’s still part of the same art statement, which is moving around with an identical energy and creating on the spot,’

Apart from his French compatriots like Claude Monet, he also draws inspiration from Filipino artists such as Fernando Amorsolo. ‘So I try to blend those together in the same style, that is both inspired by impressionism [showing] common people in their daily lives. I find it interesting, especially the details that nobody would really notice.’

How trail of crypto, bank deals tied Kenyans to money laundering network

A network of shell companies, international remittance services, intermediary bank accounts and cryptocurrency wallets has landed two Kenyans in the crosshairs of investigators, who have frozen Sh115 million linked to them after tracing what they believe was a sophisticated money-laundering operation involving more than Sh300 million.

The frozen cash includes stablecoins in Binance wallets; $751,853.70 USDT (Sh97.2 million) linked to Glory Kithure and $896 USDT (Sh115,852) linked to Michael Machimbo.

It also comprises Sh17.6 million in cash, spread across nine accounts in Equity Bank, Stanbic, NCBA, KCB, and Absa.

Court documents obtained by the Business Daily detail how Michael and Glory allegedly received millions of shillings through a multi-layered network of intermediaries, shell companies, and crypto exchanges.

In an affidavit filed by the Assets Recovery Agency (ARA), investigators detail how the scheme operated through two parallel channels. The first involved six people and two companies, who carried out money transfers into Kenya via international remittance services.

Two people, Justice Gaturu and Richard Mwangi, and two companies, DigitalMall Global Ltd and Bitflux Fintech Ltd, were the source of funds. Money from the duo was wired through two other individuals identified as Patrick Mwendwa and Purity Michael, before eventually ending up in Michael and Glory’s bank accounts.

Money from the two companies was wired directly to their accounts.

Between October 2022 and January 2024, for instance, Michael is said to have received Sh80.7 million to his Equity Bank accounts from Purity and another intermediary identified as Kevin Kipngeno.

Some Sh17 million was also wired to his Stanbic Bank account from Bitflux Fintech Ltd during the same period.

Between July 2022 and May 2025, Glory received Sh53.6 million, where investigators pieced together 57 bank transfers, all between Sh10,000 and Sh550,000, well below the reporting threshold.

In Kenya, cash transactions of $15,000 (Sh1.9 million) or more must be reported to the Financial Reporting Centre (FRC). Cross-border transfers of $10,000 (Sh1.3 million) or more also require reporting.

This is to assist the State agency in identifying the proceeds of crime and combating money laundering, terrorism financing and proliferation financing.

‘The repeated use of amounts just below the reporting threshold is consistent with the structuring of transactions to avoid regulatory reporting requirements,’ the ARA says in the court filings.

‘When considered together with the subsequent movement of the funds through additional intermediary accounts before reaching the respondents, it constitutes a recognised indicator of the layering stage of money laundering.’

In one example, Justice received two payments of Sh454,769 and Sh454,259 from the US payments platform Chime Inc. into his Equity Bank account on November 3 and 6, 2023.

He then transferred Sh1.1 million in three instalments to Patrick’s Equity Bank account between November 4 and 7.

Patrick subsequently forwarded the money to Purity in three transactions of Sh300,000, Sh300,000 and Sh400,000 between November 6 and 8. Purity then transferred Sh500,000 each on November 6 and 7 to Glory’s Equity Bank account.

According to investigators, Glory withdrew Sh100,000 to M-Pesa and used the remaining funds for purchases, spending and transfers to other bank accounts, including Michael’s.

Court documents further show that Glory later transferred Sh5.25 million to Aristocars Ltd on December 2, 2023, in what investigators believe was the purchase of a motor vehicle.

Detectives cite the transaction as part of a pattern in which funds were allegedly moved through several accounts before being spent or invested in assets.

In a separate illustration, Justice received Sh453,029 from the international money transfer app Sendwave and Sh890,000 from one Cosmas Gatuyu before transferring Sh1.4 million to Patrick, who in turn sent Sh900,000 to Purity.

Purity then transferred Sh950,000 to the first respondent’s Equity Bank account, which investigators say later accumulated sufficient funds to pay Sh9.38 million to Ace Prestige Auto Ltd on July 18, 2024, ostensibly to purchase another motor vehicle.

‘Investigations are underway to obtain documents and records of transactions traced to international remittance services, including a Mutual Legal Assistance (MLA) request to the United States of America dispatched in May 2026,’ reads court papers.

An MLA request is a formal, government-to-government process used to gather evidence or legal documents from one country to aid in a criminal investigation or prosecution in another country.

The second money-laundering channel relied on USD Tether (USDT), a stablecoin pegged to the US dollar. The digital currency was moved through multiple accounts on the Binance crypto exchange platform to distance the funds from their origin.

The crypto scheme involved Michael, Glory, Kevin and three others identified as Samuel Simiyu, Wanza Mutuku and Eliud Korir.

Investigators say the stablecoins were transferred from an account on the crypto app NoOnes, operated and controlled by Samuel and registered through Wanza’s identification details, to a Binance wallet Michael and Glory controlled.

The two then transferred most of the stablecoins to a Binance wallet Kevin controlled, and he converted the cryptocurrency into Kenyan shillings through Binance transactions before remitting the cash to the duo’s bank accounts.

Between June 2024 and September 2024, court papers show that Michael’s Binance wallet address received a total of USDT 220,508, equivalent to Sh28.5 million at current exchange rates, in 10 transactions.

From February 2023 to November 2025, meanwhile, the account withdrew or transferred a cumulative sum of USDT 899,130 (Sh116.3 million) through 107 transactions.

Glory’s Binance wallet was found to have received USDT 930,597 (Sh120.5 million) in 62 transactions between January 2023 and November 2025 and withdrawn or transferred USDT 178,491 (Sh23.1 million) between February 2023 and January 2026.

Investigators said they interviewed Samuel in May 2026, where he said he was a cryptocurrency trader. He admitted owning and controlling a NoOnes crypto exchange account registered using his wife Wanza’s identification details and email address, according to the affidavit.

Samuel told investigators that he also owned and operated a crypto wallet on the global exchange platform OKX registered in his name. He admitted to owning an account on Paxful, a peer-to-peer (P2P) crypto marketplace that allows users to buy and sell Bitcoin and other cryptocurrencies directly with each other.

Both accounts were linked to the same email address.

“He averred that Michael approached him with a deal to use his OKX, NoOnes and Paxful accounts to transfer crypto to [Michael and Glory]’s Binance wallets. However, he claimed that he did not know the sources of the crypto that [Michael] was laundering through his crypto accounts or wallets,” the ARA says.

Wanza said while she had allowed her husband to use her email address to trade cryptocurrency on the Paxful and NoOnes platforms, she did not know the origin of the cryptocurrency that passed through those accounts.

‘The evidence discloses a deliberate, multi-layered scheme through which large sums of money, whose origin the respondents have refused to explain, were received, moved through a chain of intermediary accounts designed to obscure their source, and ultimately deposited into the respondents’ Binance exchange accounts and bank accounts,’ the affidavit says.

Neither Michael nor Glory offered any explanation for the transactions when interviewed. ‘Both exercised their right to remain silent, declining to offer any explanation, innocent or otherwise, for the funds they received,’ the agency says.

While only Sh115 million has been frozen so far, the assets recovery body estimates that the combined value of property traceable to the two exceeds Sh300 million.

The court on July 3 granted a 90-day preservation order on the funds while investigations continue.

‘In addition, the respondents are being investigated for tax evasion, having transacted cumulative sums of more than Sh300 million but have consistently filed nil returns in their tax records at the Kenya Revenue Authority,’ said the ARA.

Development partners launch working group to support Sri Lanka’s digital transformation

Sri Lanka has taken another step toward advancing its digital transformation agenda with the inaugural meeting of the newly established Development Partner Working Group on Digital Transformation, held on 13 July.

The newly established working group is expected to serve as a platform for closer collaboration among the Government, the UN, and development partners in supporting Sri Lanka’s digital transformation efforts.

The initiative aims to foster a more inclusive and sustainable digital future by ensuring that all Sri Lankans have equal access to quality digital services and opportunities, while strengthening the country’s capacity to meet its long-term development goals.

The meeting was co-chaired by Digital Economy Deputy Minister Eng. Eranga Weeraratne and United Nations Resident Coordinator in Sri Lanka Marc-André Franche. Also in attendance were Digital Economy Ministry Secretary Waruna Sri Dhanapala, representatives of the UN and a broad group of international development partners.

The discussions emphasised that technology alone is not sufficient to ensure the success of Sri Lanka’s digital transformation. Participants highlighted the importance of developing a skilled workforce and strengthening institutional capacity to deliver efficient, people-centered digital public services.

A key focus of the meeting was enhancing coordination between the Government of Sri Lanka and its development partners to accelerate the delivery of accessible and citizen-friendly digital services. Participants also discussed the implementation of structured training programs aimed at strengthening State institutions responsible for digital service delivery and improving the capabilities of public officials.

Digital trend drives Thailand’s entertainment growth

Thailand’s entertainment and media sector is projected to generate roughly 550 billion baht in revenue this year, representing growth of 1.8%, driven by digital media segments such as internet advertising, video games and over-the-top (OTT) video services.

Traditional media continues to face pressure from changing consumer behaviour and the ongoing migration of ad spending to digital platforms.

According to the latest PwC Global Entertainment and Media Outlook 2026-2030 report, the industry is on track to expand from 536 billion baht in 2025 to 546 billion this year, climbing to 616 billion by 2030 at a compound annual growth rate of 3.1%.

“The entertainment and media industry remains resilient against economic headwinds and lower domestic consumption as digital transformation continues to accelerate,” said Tithinun Vankeo, assurance partner at PwC Thailand.

Ms Tithinun said businesses are increasingly investing in digital channels because they enable more precise audience targeting, clearer measurement of outcomes, and better use of artificial intelligence (AI) and data-driven insights to enhance marketing effectiveness compared with traditional media.

The report analysed revenue trends across 12 entertainment and media segments in 53 countries and territories, highlighting several high-growth sectors in Thailand for 2026.

Internet advertising revenue is projected to grow 13% to 66.8 billion baht, while video games are expected to increase by 12% to 52.3 billion baht and OTT video services by 11% to 22.9 billion.

These trends reflect consumers’ increasing preference for digital platforms and the growing ability of businesses to use data and technology to engage target audiences more effectively.

Digital advertising, gaming and e-sports remain key growth engines. PwC expects Thailand’s internet ad market to expand by 41.5% between 2026 and 2030, reaching 94.6 billion baht. Revenue from video gaming and e-sports is forecast to increase by 41% over the period to 71 billion baht.

This growth reflects the increasing consumption of online video, social media and mobile gaming, which continues to accelerate the shift of ad expenditure from traditional channels to digital platforms.

The adoption of AI for data analytics, personalisation and influencer marketing is enhancing businesses’ ability to reach consumers and drive engagement more effectively.

Smartphone penetration, blockbuster mass-market titles, and expanding digital systems are projected to sustain long-term growth and draw new players into Thailand’s gaming and e-sports market.

While AI is rapidly transforming how content is created, distributed and monetised, people’s desire to connect, learn and engage in meaningful experiences remains a fundamental driver of the entertainment and media industry.

As a result, live and interactive experiences, including concerts, sporting events, experiential activities and engagement-driven content, continue to resonate with consumers and create sustainable value for businesses, PwC noted.

According to Ms Tithinun, the next challenge for industry players is using technology and data-driven insights to create experiences that are relevant, meaningful and valuable for consumers.

Organisations that can combine the power of AI with creativity, high-quality content and deeper consumer engagement will be positioned to create differentiated value and strengthen their competitiveness over the long term, she said.

“Sustainable competitive advantage lies not only in technology, but in the ability to create value, earn trust and foster long-term consumer loyalty,” Ms Tithinun said.

WAFU B U20 Tourney: Flying Eagles begin title defence against Black Satellites in Yamoussoukro

Nigeria’s U20 boys, Flying Eagles, will kick off their WAFU B title defence against the Black Satellites of Ghana on Monday, July 27, at the Lycée Scientifique de Yamoussoukro in Côte d’Ivoire.

The match, which is a repeat of the 2024 final in Lome, in which the Flying Eagles defeated the Satellites 2-1 to emerge champions, will kick off at 2 pm local time (3 pm Nigeria time ).

The Coach Abdu Maikaba-led side will depart the shores of Nigeria on Monday after weeks of intensive training and screening in Abuja.

Matchday 2 on July 30 will see the seven-time African champions trade tackles with Junior Sparrow Hawks of Togo at the same Lycée Scientifique de Yamoussoukro.

The game is scheduled to get underway at 2 pm local time (3 pm Nigeria time).

The Cup-holders will wrap up their Group B matches against Young Stallions of Burkina Faso on August 2, also at the Lycée Scientifique, with kick-off time scheduled at 2 pm local time (3 pm Nigeria time).

MP denies tax fraud charges

Democrat Party MP Kritich Ipakichanon reported to the Economic Crime Suppression Division (ECD) on Tuesday to acknowledge charges related to alleged VAT fraud.

He was accused of using unlawfully issued tax invoices to claim VAT credits and falsify sales records. Mr Kritich, an MP for Trang, denied the allegations, was fingerprinted, and released, with a follow-up appointment set for Friday at the prosecutor’s office.

The case stems from a Revenue Department complaint initially filed at Yan Ta Khao police station in Trang and later transferred to the ECD.

Investigators have already charged three other suspects, including a partnership firm and family members, with total damages estimated at 6.67 million baht.

Mr Kritich, who was named as the fourth suspect and managing partner at the time of the alleged offence, now faces prosecution alongside them.

Tech4Dev trains 135 Lagos schoolgirls in AI, showcases student-built solutions

Tech4Dev has concluded the maiden edition of its AI Inter-District Secondary School Challenge, equipping 135 girls from 27 public secondary schools in Lagos with practical artificial intelligence and problem-solving skills.

The initiative, implemented under the Tech Girls Drive Advocacy programme of the Women Techsters initiative, culminated in a grand finale where six finalist teams presented AI-powered solutions aimed at improving learning accessibility, enhancing student safety and addressing bullying in schools.

The programme began with advocacy sessions across 31 public secondary schools in Lagos Education Districts II and IV, introducing female students to digital skills, artificial intelligence and technology career opportunities. Twenty-seven schools were subsequently selected for the competition, with each nominating five girls from JSS1 to SS3 to develop AI-based solutions under the guidance of teachers and volunteer mentors.

Speaking at the grand finale, Abraham Akpan, Country Manager, Nigeria and Sub-Saharan Africa at Tech4Dev, said the challenge was designed to prepare girls for an AI-driven future.

‘This challenge was about more than learning Artificial Intelligence. It was about helping young girls see themselves as creators, innovators, and problem-solvers. When girls are given access to the right skills and opportunities, they can build solutions that create real impact in their communities.’

Mende Junior High School emerged as the overall winner with Learning Without Limits, an AI-powered platform that converts classroom notes into sign language videos, simplified visual explanations, subtitles and voice narration to improve learning for deaf and hard-of-hearing students.

Onike Girls Junior High School placed second with Onike Girls Alarm Station, a personal safety application featuring a one-tap emergency alert with live GPS tracking to help girls quickly access assistance during emergencies, including in areas with poor network coverage.

Mende Senior High School finished third with SpeakSafe, an anonymous AI-powered reporting platform that enables students to report bullying while helping schools identify patterns and respond promptly.

One of the participating students said the challenge had transformed her perception of artificial intelligence.

‘Before this challenge, I never imagined I could use AI. Working with my team showed me that our ideas matter, and it has inspired me to keep learning and building solutions that can help others.’

Beyond the finalists, participating schools developed AI-driven solutions addressing gender-based violence, adolescent health, environmental sustainability, financial literacy, unemployment, educational access and social inclusion.

‘Education must continue to evolve to prepare young people for the reality of tomorrow. Initiatives like this provide students with opportunities to develop critical thinking, creativity, and digital skills. We commend Tech4Dev for creating this platform and investing in the future of our girls,’ the representative of the permanent secretary of the Lagos State Ministry of Basic and Secondary Education, said.

Tech4Dev said the competition reflects its commitment to expanding access to digital skills for girls in underserved communities.

Through its Women Techsters Programme, which operates in many African countries, the organisation said it is creating pathways for girls and women across the continent to acquire technology skills, pursue careers in the digital economy and contribute to inclusive innovation.

Two weeks without Trigo Egbegi, my brother, my friend

Many who think they know Trigo Egbegi, easily Nigeria’s most in-depth boxing writer, never knew the man who immersed himself so much in boxing that he pined away as the sport he loved went into irrelevance with such declivity that he could not stand it.

Trigo, Aboy Trigo, as I called him, did very few things because he was not interested in things that did not elicit his passion. Aboy was a testimony to his youthful looks. He called me Ikeddyleeeeee, drawing the added letters until they sounded like a village ululation. He was nine years older than me.

A roar of laughter rounded off the salutations before we delved into ‘national issues’.

He was a private person. Growing up between Ghana and Nigeria, working for Prisons, playing for its football, produced a man who weighed his words before using them.

Quiet, though not for lack of something to say. When he spoke, it was usually a probing question that dripped with wisdom. His position could redirect a conversation. He was so spartan that it appeared he had no needs.

The rigour that resulted in his pieces is more appreciated by those who know his work ethic. Often, Trigo could spend hours waiting to recollect a word that he thought best fitted into a sentence. He could take a lunch break, take off to join a banter session, but he must find that word that brings his description of a situation to life.

Deed done, he rubbed his palms once more as if to acknowledge the conclusion of that phase of a journey to another masterpiece.

To know Trigo is to know a man who accorded his work due diligence, a man who was fair to all parties and seemed not to have enemies, or they were enamoured with his work and forgave his trespasses.

Trigo was established before we met physically. If you did not read boxing stories because of him, it was a matter of time for you to be converted.

He was on the pages of Daily Times and The Guardian, where he was an able deputy to our now departed boss, Sunny Ojeagbase. The great desk also had Chris Okojie, later my boss at Vanguard, Mitchell Obi, who brought new verve to football reporting, and Pat Opara, our Sub-Editor who reported golf in unforgettable ways.

Trigo was later Sports Editor of The National Concord, The Republic, SportsLink and the Sportsworld.

He was the one who received me to The Guardian in August 1983 when I arrived for the National Youth Service Corps and handed me a list of things Mr. Ojeagbase who was covering Wimbledon from where he continued to the US Open, had made. I was to learn it was Mr Ojeagbase’s practice to assign roles specifically.

The desk had great team spirit, which accounted for the fast ascendancy of The Guardian sports reporting. The only complaint about Trigo was that he would not be hurried. We let him be.

In semi-retirement, he anchored the renowned TV show titled ‘Big Fights of the Decade’ on the Nigerian Television Authority, NTA. He held Nigerians in rapt attention for the one hour duration of the programme.

With encouragement from Onochie Anibeze, he wrote a weekly boxing column in the Vanguard. His interest had waned. Trigo was focused on travelling to the US, where his daughter was with a relation.

He called as circumstances permitted and had his heart back home. One day, his voice rang with joy as he announced that he was back. He considered life in the US too boring.

Trigo had a knack for reporting boxing with details that others miss easily. Each time I read his reports, I was a boxing reporter then at The Punch, and I felt inadequate. He was a motivation to do better.

Those reports we cherished arrived through loads of risks. Trigo would travel to Lanlate, in Oyo State, Nigeria’s satellite town, spend the night, to watch those fights staged at unholy hours.

He knew the big boxers of the decades and reeled out statistics and their fighting styles as if they were filed away in an invisible library he could always call up.

Trigo was gratitude in motion. During the trying 2021 flooding that had most of Bayelsa underwater, I made a post that he was safe.

Many of our colleagues asked for his contacts and sent him money, well beyond his modest expectations. He was very grateful and regretted he had no way of reaching most of them to say ‘thank you’.

A great family man, Trigo cared beyond his immediate family. The larger Egbegi family literally was in hell until Captain Graham Egbegi, a younger brother, was released by Somali pirates in June 2009 after a traumatic 10-month hostage ordeal. Egbegi was commanding the MV Yenagoa Ocean, a vessel operated by a 10-man, all-Nigerian crew. Somali pirates intercepted and hijacked the ship in the Gulf of Aden/Indian Ocean on August 4, 2008, while the crew was sailing the newly purchased vessel to Nigeria from Dubai. The pirates wanted a $1m-$2m ransom, which they said the Nigerian government could easily pay. Trigo was to be seen in Abuja moving from office to office seeking assistance to free his brother.

One of my regrets is not honouring Trigo’s invitations to his home in Yenagoa. He visited me twice in Toru-Orua, Sagbama local government area. On one occasion, he slept over. We barely slept. There were too many memories from the one year I spent with that great team at The Guardian.

Alfred, his younger brother, whom I have never met, sent me the Facebook Messenger item on 5 July: Trigo was gone.

I was benumbed. We had spoken on 25 June, 10 days earlier. The connection was unfriendly, and we promised to speak later. That never happened.

Was that the farewell? What a farewell!

Condolences to his wife, children, the larger Egbegi family and all whose lives Trigo impacted.

May the Almighty rest my brother, my friend, Aboy Trigo.

Finally…

From where did we get a Senate President called Obong Godswill Akpabio who thinks his brief consists mostly in making light of sensitive public issues? A former university Vice-Chancellor was being screened for an ambassadorial position. Different groups were opposed to his confirmation based on allegations of sexual harassment against him by his university staff. The case is in court. Adams Oshiomole, a notable Akpabio opponent, rose against the confirmation, suggesting that the nominee could wait until he clears the matter in court. Akpabio started giggling, choking in his own laughter before reminding Oshiomole of a senator who was caught massaging a girl’s leg in a private jet. Akpabio was now beside him in raucous laughter that left him rocking in his chair. He was referencing a February incident involving Oshiomole. The differences were glaring and exposed Akpabio’s shallowness – the Oshiomole issue seemed consensual, nobody has complained of harassment, there is no case in court over the leg massage, and Oshiomole was not being screened for an ambassadorial position. Akpabio can trifle with anything dragging his high office down with it.

Minister of Works David Umahi has neither the sobriety nor appreciation of the public outrage after news broke that a corpse was moved out of the Minister’s Uburu home in Ebonyi State.

Umuahi moved faster, including allegedly leaving the crime scene before investigation started. He is the one relating a private telephone conversation between the deceased Mary Habila and her unnamed boyfriend to the public. The story keeps spiralling in different angles, with Umahi knocking off parts he doesn’t like. With the investigation in full swing, a mourning Umahi is back to work. We would not have known if he didn’t announce, ‘That (coastal) highway is named President Bola Ahmed Tinubu Coastal Highway. By the powers conferred on me as Minister of Works, in consultation with my Permanent Secretary, the Minister of State, directors and staff of the ministry, we decided to name it after him because of his dream for it,’ Umahi said. All these as Habila’s death and its controversies continue.

Killings and kidnapping continued in different parts of Nigeria, Plateau and Benue States, particularly. Muted attention has attended the attacks. Attacked communities in Idoma reportedly rejected coffins and a N5 million donation from Governor Hyacinth Alia. They said they want security, not humiliating hand-downs to bury their dead.

Safe schools. Everyone mouths it. Nobody seems to know what to do about it. Oriire pupils and teachers released; students writing national examinations in Kogi State abducted. There is a lot of work yet undone.

Listed firms nudged to adapt supply chains

Listed Thai companies are urged to ramp up efforts to reinvent their supply chains as sustainability becomes essential to winning global capital.

Resilient supply chains, standardised carbon reporting and environmental, social and governance (ESG) integration are becoming decisive factors for competitiveness and long-term investment.

Listed Thai firms must transform their supply chains from cost-driven networks into resilient, sustainable structures if they are to remain competitive and attract long-term investment in an increasingly fragmented global economy, according to executives from the Stock Exchange of Thailand (SET) and the Federation of Thai Capital Market Organizations (Fetco).

Speaking at the SET Sustainability Forum, SET president Asadej Kongsiri said sustainability is no longer simply a matter of regulatory compliance, but a core business strategy that will shape companies’ ability to compete, raise capital and withstand future disruptions.

“The era of competing solely on low costs or fast delivery is over,” Mr Asadej said. “Companies with resilient, transparent and sustainable supply chains will be better positioned to compete globally and adapt to future disruptions.”

He called on large listed companies to mentor suppliers, particularly small and medium-sized enterprises, by helping them strengthen sustainability practices and prepare for stricter environmental disclosure requirements, including greenhouse gas emissions and carbon reporting.

According to Mr Asadej, investors are increasingly evaluating companies not only on financial performance, but also on the quality, transparency and comparability of sustainability data across their value chains. Companies unable to obtain reliable environmental data from suppliers risk higher compliance costs, weaker supply chain resilience and declining competitiveness in global markets.

To support the transition, he said the SET is developing a centralised platform for sustainability data collection, reporting and innovation. The exchange is also investing in digital infrastructure alongside training initiatives to help businesses and suppliers transition to a low-carbon economy while aligning with international reporting standards.

Supply chain resilience

Fetco chairman Paiboon Nalinthrangkurn said geopolitical tensions are reshaping global investment flows, creating a new supply chain landscape in which resilience, reliability and trust are becoming more valuable than simply minimising production costs.

He said the restructuring of global manufacturing networks presents Thailand with an opportunity to attract a new wave of investment, particularly in digital industries, advanced manufacturing and innovation-driven businesses seeking diversified and resilient production bases.

According to Mr Paiboon, listed companies now face two simultaneous strategic priorities: developing supply chains for emerging industries and new technologies while upgrading supplier networks to meet higher standards for quality, sustainability and ESG performance.

“If we plan well, Thailand can continue to prosper by integrating capital markets, businesses and public policy to strengthen confidence in our supply chains,” he said.

Thailand’s public and household debt combined exceed 250% of GDP, limiting the government’s capacity to finance large infrastructure projects. As a result, the capital market will play an increasingly important role in mobilising funding for new industries and attracting global investment to support long-term economic growth, said Mr Paiboon.

Meanwhile, investor expectations have shifted as global investors now assess companies on supply chain resilience, risk management, corporate governance and ESG performance alongside traditional financial indicators.

Thailand’s geopolitical neutrality and industrial base could help attract multinationals to relocate production, provided the country continues strengthening infrastructure, enhancing supply chain capabilities and fostering close collaboration among government, businesses and the capital market, he noted.

Both the SET and Fetco advised sustainable supply chains, improving the credibility of carbon disclosures and building collaboration across value chains to grow investor confidence and position Thailand as a regional hub for sustainable investment.

5.1 earthquake in Indonesia felt in Phuket

Occupants of tall buildings on this southern tourist island reportedly felt tremors from a 5.1-magnitude earthquake that took place in Northern Sumatra, Indonesia, late Wednesday morning.

The quake posed no tsunami threat, according to Phuket Governor Chotnarin Kerdsom.

The quake was detected at 11.18am at a depth of 9 kilometres and centred 36km northeast of Gayo Lues, a regency of the Aceh Special Region on the Indonesian island.

The epicentre was 328km from Muang district of Satun province and 432km from Phuket, according to the Earthquake Observation Division of the Thai Meteorological Department,.

‘People in high buildings could feel the tremors, but there was no damage reported. Our office will monitor closely until we are assured of safety,’ said Warat Surawadee, head of the local Disaster Prevention and Mitigation office.

With a total of 19 tsunami warning towers in the province, their assessment confirmed there was no risk of a dangerous wave, said Mr Chotnarin.

According to the Indonesian news agency Antara, the strongest shaking was felt in Gayo Lues, shattering glassware and causing large objects to sway.

By 11.30, the Indonesian Meteorology, Climatology and Geophysics Agency had recorded one 3.8-magnitude foreshock and two aftershocks, the largest measuring magnitude 4.3, Antara reported.