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Rice prices seen remaining stable throughout Iran crisis

PHILIPPINE STAR/EDD GUMBAN

THE Department of Agriculture (DA) said prices of rice will remain stable in the following months, with the risks posed by the Iran crisis on farmers’ fuel and transport costs offset by inventory levels boosted by the ongoing harvest as well as imports.

At a briefing, Agriculture Assistant Secretary and Spokesman Arnel V. de Mesa said the rice harvest in March and April will keep supply ample until the lean months of August to September.

“Plus, the imports that came in during the first two months totaled almost 700 thousand metric tons (MT). We’re expecting, for March and April, an additional 300 thousand MT,” Mr. de Mesa said.

He said regular-milled rice prices will average about  P40 per kilogram, domestically grown well-milled rice P45, imported regular rice P48, and imported well-milled rice P52-P55.

“For now, there is no indication that we will hit (P60 per kilo for imported rice).”

Mr. de Mesa also said the DA does not foresee significant price movements at retail level because Philippine rice imports do not need to transit the waters affected by the fighting around Iran, unlike energy imports.

“For imported rice,  60-70% is from Vietnam. And then, the rest is also from Southeast Asia. Pakistan accounts for a small portion,” he said, noting that any disruption to Pakistan grain shipments can be filled by Vietnam.

Mr. de Mesa said the main areas of concern are indirect effects like the cost of fuel absorbed by farmers.

Separately, Agriculture Secretary Francisco P. Tiu Laurel, Jr. said oil prices will rise with extended fighting, affecting petroleum-based fertilizers, freight costs, and fuel.

To cushion the impact of rising fuel prices, the DA will release P100 million in fuel subsidies for farmers and fisherfolk, with an additional P50 million available if crude oil price benchmarks hit $80 per barrel.

The subsidy program, authorized by DA 2025 Memorandum Circulars 35 and 42, farmers are to receive P5,000 each while fisherfolk will get P3,000. The funds are expected to be distributed to 14,354 farmers and 14,947 fisherfolk.

To qualify, farmers must be in the Registry System for Basic Sectors in Agriculture (RSBSA) and own or rent machinery. Fisherfolk must be registered in RSBSA or the Fisheries Registration System, own boats not exceeding three gross tons, and use fishing gear compliant with fishery laws.

The subsidy will be distributed through Intervention Monitoring Cards issued by the Development Bank of the Philippines. The cards can only be used to purchase fuel at designated stations and cannot be withdrawn as cash or used for other purposes.

For areas far from fuel stations, the DA will issue vouchers worth P3,000 for fisherfolk and P5,000 for farmers.

Mr. de Mesa said registration of eligible beneficiaries has started, with the target to complete distribution by March to April, in time for the next cropping season starting in May to June.

Mr. de Mesa said the Philippines expects to remain food-secure, with stable prices for rice and other agricultural commodities. — Pierce Oel A. Montalvo

DICT seeks $500-M WB loan for middle-mile fiber

PHILSTAR FILE PHOTO

THE Department of Information and Communications Technology (DICT) said it is seeking a $500-million loan from the World Bank (WB) to finance the middle-mile fiber component of the national broadband project.

“This is just a study for this year. If ever, we plan to use this for next year. The Department of Finance (DoF) gave the go signal to explore and negotiate this loan,” Information and Communications Technology Secretary Henry Rhoel R. Aguda told reporters on the sidelines of a recent event. 

The DICT said the loan proceeds will be deployed next year pending the completion of phases 4 and 5, the final stages of the national fiber backbone.

The DICT expects to complete the phases 4 and 5 this year. The Philippines obtained a $287.24-million loan from the World Bank to accelerate those phases.

The project is expected to bring high-speed internet connectivity to Mindanao by delivering 1,000 kilometers of high-speed, government-owned fiber to Butuan, Cagayan de Oro, Zamboanga, and Davao.

The National Broadband Plan has five components, with the first part of the fiber backbone connecting Luzon, the Visayas, and Mindanao.

Component 2 of the national broadband plan includes the cable landing stations that make up the Luzon Bypass Infrastructure, which serve as the gateway to international connectivity.

Component 3 covers the middle-mile and last-mile segments of the network, as well as the tower buildup in geographically isolated areas. The middle-mile segment connects the backbone to the last mile, allowing the services to be delivered to end-users.

The fourth and final component of the national broadband plan include the expansion of the fiber optic system to interconnect government agencies; satellite overlay and enabling immediate broadband services to isolated areas. — Ashley Erika O. Jose

End of the road for tax refunds?

In the endeavor to meet the statutory deadline to file refund claims, there are instances when taxpayers fail to submit all the documents needed to support their refund application. This may be due to logistical roadblocks such as difficulties in locating stored documents, lost invoices, and invoices pending correction/remediation. Consequently, their refund claims, or a portion thereof, are denied at the administrative level due to non-substantiation or for being unsupported.

Tax Refunds are construed “strictissimi juris,” strictly against the taxpayer. As such, taxpayers filing a refund claim have the burden of proof to present clear, positive, and convincing evidence establishing their entitlement to the refund. Accordingly, taxpayers must comply with the BIR’s documentary requirements to prove their claim. These documents would then undergo strict scrutiny from the BIR to ensure that they comply with all statutory requirements, procedures, and documentation.

The CREATE MORE Act provided an avenue for taxpayers to file a Request for Reconsideration with the Commissioner of Internal Revenue for denied VAT refund claims. Interestingly, however, Revenue Regulations (RR) No. 8-2025 limited this avenue only to questions of law thereby precluding the taxpayer from submitting additional documentation. In fact, the RR explicitly states that “only the documents previously attached to the taxpayer-claimant’s application for tax refund relevant to the issues raised may be submitted with the request for reconsideration.”

Faced with the denial of their refund claims, I often encounter taxpayers, especially first-time claimants, who consider this the end of the road. More often than not, they are under the impression that they no longer have any other opportunity to submit documents which they were not able to submit with the refund claims they filed with the BIR. However, that is not the case. The filing of a judicial appeal with the Court of Tax Appeals (CTA) gives taxpayers another opportunity to present documents not previously submitted.

Owing to the trial de novo nature of its proceedings, the CTA is not limited by the evidence presented in the administrative claim filed with the BIR. The taxpayer may present new and additional evidence to the CTA to support the case for a tax refund. This principle has been repeatedly upheld by the CTA.

In fact, the Supreme Court, in the case of Philippine Airlines, Inc. vs. Commissioner of Internal Revenue [G.R. No. 206079-80, Jan. 17, 2018] among a long line of precedents, recognized that the power of the CTA to exercise its appellate jurisdiction over the decisions of the Commissioner of Internal Revenue does not preclude it from considering documents which were not presented in the administrative claim.

Considering that the CTA is a court of record, it is authorized to make its own independent findings of fact and law based on the evidence presented to it. As such, all refund claims appealed before it are litigated anew. The parties are allowed to submit documents/evidence even if these were not presented during the administrative claim, or if the findings of the BIR arose due to the absence thereof.

While the filing of a judicial appeal before the CTA presents an opportunity to submit new or additional documents to substantiate denied refund claims, the sufficiency of these documents in establishing entitlement to the refund claim ultimately rests on the judgment of the CTA. It is also worth noting that pursuing this remedy entails the payment of filing fees, litigation/lawyer fees, and other incidental costs. In addition, the case may take six to 10 years before a final and executory decision is reached at the Supreme Court level.

As such, taxpayers should consider the following key factors when deciding on whether to pursue the filing of a judicial appeal:

a. Amount of the denied refund claim;

b. Existence of new or additional documents;

c. In case these documents are not yet available, the probability of securing such documents during the course of the proceedings before the CTA; and

d. The opportunity to set a precedent for future refund claims in case the taxpayer wishes to contest a requirement imposed by the BIR.

All things considered, being able to submit new or additional evidence for tax refunds at the judicial level gives taxpayers ample opportunity to substantiate their refund claims. To reiterate, failure to submit complete supporting documents at the administrative level is not the end of the road for tax refunds. However, if you start the journey all packed and well prepared, you can manage the potential roadblocks and get to your destination faster using the shorter administrative route. While judicial remedy is an available detour, it is a longer route with more stopovers and higher tolls. So, travel smart and remember, given the strict “traffic rules” of the road ahead, it’s not always a good idea to pack light.

The views or opinions expressed in this article are solely those of the author and do not necessarily represent those of Isla Lipana & Co. The content is for general information purposes only, and should not be used as a substitute for specific advice.

 

Kenneth Paolo M. Lugtu is a senior legal advisor at Cabrera & Co., a Philippine member firm of the PwC network.

+63 (2) 8845-2728

kenneth.paolo.lugtu@pwc.com

DepEd renews Korean language partnership for public schools

Secretary Sonny Angara and ROK Minister of Education Choi Kyo-jin formalize the renewal of the Special Program in Foreign Language partnership to expand global career pathways for Filipino learners by integrating Korean language and cultural training in select public high schools.— DEPARTMENT OF EDUCATION

The Department of Education (DepEd) has renewed its partnership with the Republic of Korea’s (ROK) Ministry of Education to teach the Korean language in select public high schools, equipping students with international skills.

“By renewing this partnership, we are not just teaching a new language; we are opening doors to global opportunities for our teachers and learners,” Education Secretary Juan Edgardo “Sonny” M. Angara said in a news release.

Through the DepEd’s Special Program in Foreign Language (SPFL), Filipino students learn foreign languages and cultural diversity to better prepare for future global opportunities.

SPFL-Korean, launched in 2017, was established through a Memorandum of Agreement (MoA) between the DepEd and the Embassy of the Republic of Korea.

The Korean Cultural Center of the Philippines (KCC) served as the official training provider, offering immersive cultural experiences of Korean culture catered to the Filipino youth.

Under the new Memorandum of Understanding (MOU), the program will focus on curriculum development, teacher capacity building, provision of Korean language specialists and teaching resources, and continued institutionalization of Korean as a foreign language in select high schools.

“The renewal of the agreement marks another milestone in Philippines-ROK bilateral relations, underscoring a shared commitment to educational innovation and cultural exchange,” the DepEd said.

In School Year (SY) 2024-2025, 4,810 learners and 168 teachers benefited from the SPFL-Korean, which was implemented in 69 public secondary schools across 13 regions nationwide.

Apart from Korean, the SPFL also offers Spanish, French, Japanese, German, and Chinese languages in select secondary schools, in partnership with foreign institutions. — Almira Louise S. Martinez

Cignal, PLDT eye PVL top four against ZUS Coffee, Farm Fresh

PLDT HIGH SPEED HITTERS — PVL.PH

Games on Thursday
(FilOil Arena)
4 p.m. – Cignal vs ZUS Coffee
6:30 p.m. – PLDT vs Farm Fresh

SIBLING rivals Cignal and PLDT will try to close in on a top four finish in the preliminaries that would give them an easier path to the semifinals as they battle separate foes in the PVL All-Filipino Conference at the FilOil Arena.

The Cignal Super Spikers (4-2) clash with the ZUS Coffee Thunderbelles (1-5) at 4 p.m. while the PLDT High Speed Hitters (4-1) battle the Farm Fresh Foxies (2-3) at 6:30 p.m. eyeing nothing less than a win for that place in the qualifying round reserved for the top four.

Of course, making it there would push them one win closer from claiming the first two semis seats, while leaving the rest, including the qualifying round losers, into a rigorous eight-team play-in phase where one loss would mean outright elimination.

It would also be a better scenario for both Cignal and PLDT if they both ended up in the semis since it would push the Manny V. Pangilinan franchises to a dream title showdown.

But as for the High Speed Hitters, the PVL on Tour and Invitational Conference titlists, they’re not rushing it that much.

“We’re taking it a game at a time because of the unpredictability of the conference,” said resurgent PLDT spiker Kianna Dy.

“It’s like you can’t predict who’s going to win or lose so it’s very important to focus on just the next game and also treat all of the games as important.”

Cignal is also looking at bouncing back from a stinging 25-23, 20-25, 11-25, 25-23, 15-12 defeat to Akari on Saturday that derailed the former’s bid of inching closer to the qualifying round.

But the Super Spikers would have their chance again as they face off the struggling Thunderbelles, who seemed to be lost without their coach Jerry Yee for a period of time.

Interestingly, Mr. Yee has returned from his medical sabbatical and should be back in harness in time for this critical matchup with Cignal. — Joey Villar

Youth-laden Converge set to unleash Williams in tandem with Stockton and Gomez de Liaño

MIKEY WILLIAMS — INSTAGRAM.COM/CONVERGEFIBERXERS

CONVERGE is set to unleash the comebacking Mikey Williams who will form a deadly backcourt tandem with Alec Stockton and rookie sensation Juan Gomez de Liaño.

The FiberXers got the Fil-Am sniper on board nine months after acquiring him from TNT in a blockbuster one-one trade for Jordan Heading in June 2025.

“The wait is over! Mikey Williams is now a FiberXer,” the team announced on its social media accounts on Wednesday.

The 6-foot-2 Fil-Am sniper won two PBA titles with the Tropang 5G in 2021-2023, earning Finals MVP plums each time. But an impasse in contract negotiations with TNT led to his long absence in the league and eventual trade to Converge in exchange for Mr. Heading.

“It’s all God,” Mr. Williams wrote in an Instagram story on Wednesday night that came along with a poster of him and the FiberXers. “And just like that, it begins.”

Mr. Williams is expected to provide the youth-laden FiberXers with experience and added firepower but it remains to be seen how soon he can hit optimal form coming off a nearly three-year hiatus from pro ball.

Mr. Williams’ entry continued the upgrade coach Delta Pineda initiated in the leadup to next week’s Commissioner’s Cup. The FiberXers earlier acquired Calvin Abueva, James Kwekuteye, Jonnel Policarpio and Kurt Reyson in a series of trades then signed up 7-foot defensive dynamo Kylor Kelley to reinforce the core of Justine Baltazar, Justin Arana and Mr. Stockton. — Olmin Leyba

PHL women’s football team Filipinas battle Group A powerhouse South Korea in AFC Women’s Asian Cup

THE-AFC.COM

Game on Thursday
(Gold Coast Stadium)
1 p.m. – Philippines vs South Korea (11 a.m. Manila time)

THE gutsy stand in the narrow 0-1 loss to host Australia has strengthened the Filipinas’ belief that they could compete against the powerhouses in the AFC Women’s Asian Cup.

And now the underdog Pinay booters seek to go further on Thursday as they try to take down South Korea in their Group A duel at the Gold Coast Stadium.

The Taegeuk Ladies hold pole position in the group after shutting out Iran, 3-0, in Sunday’s initial salvo of the Continental showpiece.

The 1 p.m. game (11 a.m. Manila time) is important in the Filipinas’ bid to advance to the knockout round in this FIFA Women’s World Cup qualifying meet. They need to finish top 2 in the group to earn an outright berth to the quarterfinals or emerge first or second among the third-ranked teams after group play to advance.

“We’ve obviously had a very tough game against the hosts (Matildas) but now our direction looks towards Korea and we’ll experience one of the best and strongest teams in the competition,” said Philippine coach Mark Torcaso.

“We just want to perform really well for the country. I know the girls will fight to the death. And as a target we just want to show our heart and determination. I think that (result) will take care of itself if we do that,” he added.

Led by World Cup veteran keeper Olivia McDaniel, Filipinas frustrated the Aussies with their world-class defending in the opener in Perth but comebacking star Sam Kerr’s 14th minute goal spelled the difference.

The Koreans found the Iranians a tough nut as well, leading by only a goal after the first half before chalking up two in the second to run away to victory.

“We really respect Korea, they have world class players. But we’re really focusing on us, on what we can do, not necessarily worrying so much against the opponents, like we did against Australia,” said Mr. Torcaso.

“Iran put up a really disciplined fight against Korea. I think we have to do a very similar thing as well but we’re also determined to try to get into the scoresheet and put away a goal or two in this game.” — Olmin Leyba

Altamirano to coach UP women’s basketball squad; Kieffer Alas committed to team Ateneo

UNIVERSITY of the Philippines (UP) legend Eric Altamirano came home to Diliman to mentor its women’s basketball team while former De La Salle University sensation Kieffer Alas committed to rival Ateneo de Manila University for collegiate play as team ushered in their offseason moves for the much-awaited UAAP Season 89 later this year.

Mr. Altamirano, a member of the famed UP team that ruled the UAAP with Benjie Paras and Ronnie Magsanoc in 1986, on Wednesday was officially introduced as the Fighting Maroons women’s basketball team head coach to replace Paul Ramos, who steered the team back to final four in Season 86.

“I’ve come full circle. This is my way of giving back to the school that gave me the opportunity to start my playing career and coaching career,” said Mr. Altamirano, who will inherit an intact core led by Gilas Pilipinas women players Louna Ozar and Camille Nolasco as well as veteran Kaye Pesquera.

Mr. Altamirano was the Finals MVP in Season 49 when UP under mentor Joe Lipa swept UE to snap a 48-year title drought. That served as Diliman’s last title en route to another 36 years of dry spell before coach Goldwin Monteverde ended it by spoiling Ateneo’s four-peat bid in 2022.

Since then, Mr. Altamirano transitioned to coaching gigs with Purefoods, Mobiline and Coca-Cola in the PBA before coming back to coach the UP men’s team in 1996. In 2014, he engineered National University’s UAAP supremacy to snap a 60-year futility.

And now, he’ll be up for a similar mission of putting an end to Diliman’s misery in UAAP women’s basketball after last winning in 1984.

“Of course, our long-term plan is to bring UP to the mountain top. But for now, we have to continue taking these many steps to get there. For now, what we want is sustainable competitiveness,” said Mr. Altamirano, who’s no stranger to women’s play after overseeing Gilas Pilipinas 3×3 Women and the Women’s Maharlika Pilipinas Basketball League.

Mr. Altamirano, who also heads the National Basketball Training Center for grassroots and high school basketball, will have Jeff Perlas, Paolo Layug, Anton Altamirano, and Gilas Women mainstay Mikka Cacho, as part of his staff in a bid to bounce back from UP’s 3-11 campaign last season.

His appointment came on the heels of UP’s Katipunan rival’s massive recruitment in men’s basketball after scooping up the services of Mr. Alas, the star of Gilas Pilipinas youth that made it to the 2024 FIBA U17 World Cup after a final four finish in the Asian qualifier, where he was named to the Mythical Team with averages of 15.4 points, 8.6 rebounds and 2.6 assists.

Mr. Alas, 18, suffered a knee injury in the World Cup but came back with a bang to win the UAAP Season 87 MVP crown before going to the United States to play for former Gilas and PBA mentor Mark Dickel, a protege of Tab Baldwin, in Utah Prep.

“Homecoming,” said Mr. Alas on Instagram on Tuesday as he reunites with father Louie, who serves as deputy to Mr. Baldwin, after choosing Ateneo over a bevy of other UAAP and US NCAA Division 2 schools. — John Bryan Ulanday

Chinese billionaire buys Dolphins stake at $12.5-billion valuation

CHINESE-AMERICAN tech billionaire Lin Bin purchased a small stake in the Miami Dolphins at a valuation of $12.5 billion, a record for a publicly known minority transaction, Sportico reported on Tuesday.

Bin is acquiring a 1% stake in the holding company that owns the Dolphins, Hard Rock Stadium, Formula 1’s Miami Grand Prix and part of the Miami Open tennis tournament.

The previous top valuation for a minority transaction was $10 billion, set in October when the Koch family bought 10% of the New York Giants.

The NFL’s finance committee approved Bin’s purchase. Approval from league owners is expected to follow at their annual meeting in late March.

Bin, a consumer electronics magnate, is the co-founder and vice-chairman of Xiaomi, a leading smartphone vendor headquartered in Beijing.

With an estimated net worth of $10.3 billion, Bin ranked No. 305 on Tuesday in Forbes’ real-time ranking of the wealthiest people in the world. He worked in engineering at Google and Microsoft after obtaining a master’s degree in computer science from Drexel. — Reuters

Netanyahu’s war alliance with Trump faces test as Iran crisis widens

AN EXPLOSION caused by a projectile impact after Iran launched missiles into Israel following Israel and the US launched strikes on Iran, in Tel Aviv, Israel, Feb. 28, 2026. — REUTERS/GIDEON MARKOWICZ

JERUSALEM — Israeli Prime Minister Benjamin Netanyahu delivered on a career-long ambition to topple Iran’s leadership, but his lockstep alignment with US President Donald J. Trump faces a test as their joint military campaign threatens to drag on, with its goals potentially shifting in the coming weeks.

At the outset of the bombing campaign on Saturday, both Mr. Trump and Mr. Netanyahu said regime change was the goal. But in remarks at the White House on Monday, two days after Israeli airstrikes killed Iran’s Supreme Leader Ayatollah Ali Khamenei and much of his leadership, Mr. Trump did not mention overthrowing Iran’s government as his top priority.

The US goal, he said, was to destroy Iran’s missiles and navy, and to stop it from obtaining a nuclear weapon. His Pentagon chief Pete Hegseth said at a press conference that same day that the operation was not a “so-called regime-change war.”

Mr. Netanyahu, by contrast, has called on Iran’s citizens to take to the streets and overthrow their rulers as recently as Monday night. “We’re going to create the conditions, first, for the Iranian people to get control of their destiny,” he told Fox News.

Asked about the US and Israeli goals, a US official familiar with the White House’s objectives told Reuters that the two countries’ military campaigns have different objectives. “Regime change is one of theirs,” said the official, who spoke on the condition of anonymity.

In the buildup to war, Mr. Netanyahu successfully convinced Mr. Trump that it was a now-or-never moment to prevent Tehran from acquiring nuclear weapons and destroy its ballistic missile capabilities. Mr. Trump has said the operation could take “four or five weeks” or “whatever it takes.”

“I don’t get bored, I never get bored,” he said at the White House on Monday in response to questions about his capacity for sustained focus.

But Israeli officials privately acknowledge that ultimately it will be Mr. Trump who decides when the war ends. Dan Shapiro, a former US ambassador to Israel under the Obama administration, said that Mr. Trump may decide to seek an “early off-ramp” from the war.

“If President Trump decides that he’s reached the end of this operation before Netanyahu wants it to end, he’s still going to end it,” said Mr. Shapiro, of the Washington-based Atlantic Council think tank.

President Trump faces domestic pressures that could affect his thinking as the war drags on and expands.

The operation is unpopular in the United States, with only one in four Americans saying they back US strikes on Iran, according to Reuters/Ipsos polling. Primary votes began on Tuesday in the battleground states of Texas and North Carolina that may decide who controls Congress after the fall midterm elections.

With the crisis disrupting shipping and energy production, rising gas prices could become a daily reminder of the affordability crisis facing many Americans. Gas is up 11 cents per gallon in the US this week, with much higher spikes in global markets suggesting more increases for American consumers.

Inside the US, support for Israel has become a partisan issue, with some 59% of Americans holding an unfavorable view of Israel’s government, up from 51% a year ago, according to a Pew Research Center poll from October.

The White House and Mr. Netanyahu’s office did not respond to requests for comment.

PLANNING FOR WAR
In power for most of the last three decades, Mr. Netanyahu has often clashed with American leaders, notably publicly criticizing former Democratic President Barack Obama for negotiating a nuclear deal with Iran. Democratic President Joseph R. Biden’s administration often clashed with Mr. Netanyahu and withheld some weapons from Israel during its military assault in Gaza.

After Mr. Trump’s return to office in 2025, Mr. Netanyahu met with the president seven times and repeatedly pushed in phone calls to focus his attention away from Israel’s war in Gaza and toward Iran’s ballistic missiles and nuclear ambitions, painting the clerical rulers in Tehran as a common enemy, a US official with direct knowledge of their conversations said.

The officials and others who shared details about US-Israeli planning and objectives spoke on the condition of anonymity to describe sensitive military discussions.

Even as Mr. Trump dispatched envoys to nuclear talks with Iran in Geneva and Oman, the US and Israel had been at work for months planning their military operation, and timing for the attack was decided weeks ago, an Israeli official said.

Mr. Netanyahu’s last meeting with Mr. Trump was a hastily arranged visit on Feb. 11, which included a three-hour meeting at the White House, uncharacteristically closed to the press.

The day after that meeting, the USS Gerald Ford aircraft carrier, the world’s largest warship, departed the Caribbean where it was supporting US military action in Venezuela, for the Mediterranean.

“I have tried to persuade successive American administrations to take firm action, and President Trump did,” Mr. Netanyahu told Fox News on Monday.

Mr. Trump rejected the notion that Israel might have forced his country into war, telling reporters at the White House on Tuesday: “Based on the way the negotiation was going, I think they were going to attack first, and I didn’t want that to happen. So, if anything, I might have forced Israel’s hand.”

A POLITICAL SURVIVOR
For the 76-year-old Mr. Netanyahu, his prosecution of a war that is supported by most Israelis represents an opportunity to seal his legacy ahead of elections, due by October, in which he faces formidable challenges.

His far-right coalition faces fissures, he’s on trial for corruption he denies, and Israelis are still reeling from a multi-front war that began in 2023 and which Mr. Netanyahu has promised will transform the Middle East.

Israel’s longest-serving leader has shown remarkable political skill in the past. Despite successive polls showing that he will lose the ballot in October, Mr. Netanyahu still has a fair chance of victory if Israeli fatalities and the economic costs to Israel of the war remain low, said Udi Sommer, a political scientist at Tel Aviv University.

“If it succeeds, relatively quickly (like) in June 2025, it will work very much in his favor as Israel’s protector and the one who had woven a particularly successful relationship with the administration in Washington,” Mr. Sommer said.

Mr. Netanyahu’s security credentials were shattered on Oct. 7, 2023, when Iran-backed Hamas militants launched a surprise attack on Israel, killing more than 1,200 people and taking 251 hostages.

It was followed by a two-year military campaign against Hamas in Gaza, where Israel’s longest war has killed at least 72,000 people, according to Palestinian health officials, left much of the enclave in ruins, and exacted the highest Israeli military fatalities in decades.

Mr. Netanyahu has rejected responsibility for the security failures of Oct. 7, 2023 and has pointed to Israel’s subsequent gains in weakening Iran’s proxies, Hamas and Hezbollah in Lebanon. Their ally Bashar al-Assad in Syria has also been ousted.

Even if Israel achieves its military objectives in Iran, that will not wash away the outrage of many Israeli voters, including among Mr. Netanyahu’s own right-wing base, said political analyst Amotz Asa-el of the Jerusalem-based Shalom Hartman research institute.

“The past three years’ events have been so traumatic and so dramatic and so revolting to that swing vote that I don’t think any kind of salvation in Iran will offset this,” he said. — Reuters

South Korean parliament to hold March 12 vote on US investment bill amid tariff pressure

STOCK PHOTO | Image by Vitamin from Pixabay

SEOUL — South Korea’s ruling and opposition parties agreed on Wednesday to pass a special bill on March 12 to enable major investments in the US under a bilateral trade deal, moving to meet Washington’s expectations after recent pressure over delays.

Ruling Democratic Party lawmaker Cheon Jun-ho and the main opposition People Power Party’s Yoo Sang-beom reached the agreement during a meeting at the National Assembly, saying the US investment special law would be handled without further delay, Mr. Cheon’s office said.

According to the Yonhap News Agency, Mr. Cheon told reporters following the meeting that the opposition had decided to support the bill in consideration of the national interest, adding that it would be passed in a plenary session on March 12.

The international environment, including heightened tensions following conflict between the United States and Iran, made it increasingly important for the bill to be passed on schedule based on US expectations, Yonhap quoted Mr. Yoo saying.

If the legislative process were delayed further, “the United States could impose very strong trade retaliation,” he added.

US President Donald J. Trump threatened in January to hike tariffs on imports from South Korea, blaming a delay in enacting a trade deal in which the Asian ally promised to invest $350 billion in the United States.

Earlier, Democratic Party floor leader Han Byung-do said his party would work to secure a bipartisan agreement at a special parliamentary committee by March 9, the panel’s deadline, before bringing the bill to a vote on March 12. — Reuters

Taiwan indicts 62 over suspected scam center operator Prince Group

Police raided a suspected Philippine offshore gaming operator hub in a building in Parañaque City. — PHILIPPINE STAR/EDD GUMBAN

TAIPEI — Taipei prosecutors on Wednesday indicted 62 people linked to the Prince Group, a multinational network accused of running a vast network of scam centers, including the company’s chairman who was arrested and deported to China from Cambodia earlier this year.

Chen Zhi, who founded the conglomerate the US alleges is a front for a multibillion-dollar online fraud and money laundering operation, was pictured by Chinese state media hooded and handcuffed as he was led off a plane at a Beijing airport in January.

Taipei prosecutors said in a statement that Taiwan was one of the locations where Mr. Chen had funneled illicit funds via shell companies, buying luxury goods, sports cars and real estate.

“This was done to conceal and disguise the source and flow of the criminal proceeds,” it said.

The funds remitted into Taiwan from overseas by members of the group for alleged money-laundering purposes totaled around T$10.8 billion ($339.12 million, $1 = 31.8470 Taiwan dollars), where they bought 24 properties, 35 vehicles, and held T$55.53 million in other assets such as cash, designer bags, and shoes, the statement said.

More than T$5.5 billion in assets have been seized in Taiwan, the prosecutors’ office added.

Mr. Chen’s whereabouts are currently unknown, and it was not possible to contact him for comment.

In November, the Prince Group denied any wrongdoing in a statement issued via a US law firm.

On Monday, Taiwan put 33 luxury cars, including Ferraris, up for auction after they were seized as part of the investigation.

“To conceal and disguise criminal proceeds, they exploited Taiwanese nationals to carry out money-laundering activities in Taiwan through online gambling and underground remittances,” the prosecutors’ office said.

“This not only seriously disrupted Taiwan’s financial order and social stability, but also damaged Taiwan’s international image.”

Authorities across Asia, including Singapore and Hong Kong, have also seized assets or detained individuals linked to the Prince Group.

The transnational scam industry emerged in Southeast Asia during the pandemic. It is believed to generate billions of dollars a year for organized crime using trafficked workers to defraud victims from around the world. — Reuters

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