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Leading China critic Jimmy Lai sentenced to 20 years in jail after Hong Kong security trial

Photo of Hong Kong tycoon Jimmy Lai by Studio Incendo/CC BY 2.0/Wikimedia Commons

HONG KONG — Hong Kong’s most vocal China critic, media tycoon Jimmy Lai, was sentenced on Monday to 20 years in jail, ending the city’s biggest national security case which drew international concern about the city’s freedoms and autonomy.

Mr. Lai’s sentence on two counts of conspiracy to collude with foreign forces and one for publishing seditious materials ends a legal saga that has spanned nearly five years.

Mr. Lai, founder of the feisty but shuttered Apple Daily newspaper, was first arrested in August 2020 and was convicted last year.

His 20-year sentence was within the harshest penalty “band” for offenses of a “grave nature” and is the most severe punishment meted out yet, the three national security judges said.

Mr. Lai’s sentence was enhanced by the fact that he was the “mastermind” and driving force behind “persistent” foreign collusion conspiracies, the judges said.

They cited prosecution evidence that the conspiracies had sought sanctions, blockades and other hostile acts from the US and other countries while involving a web of individuals including Apple Daily staff, activists and foreigners.

Besides Mr. Lai, six former senior Apple Daily staffers, an activist and a paralegal were sentenced to jail terms ranging between six and 10 years.

“In the present case, Lai was no doubt the mastermind of all three conspiracies charged and therefore he warrants a heavier sentence,” the judges said.

“As regards the others, it is difficult to distinguish their relative culpability.”

The 78-year-old, a British citizen, has denied all the charges against him, saying in court he is a “political prisoner” facing persecution from Beijing.

Mr. Lai’s plight has been criticized by global leaders including US President Donald J. Trump and British Prime Minister Keir Starmer, spotlighting a years-long national security crackdown in the China-ruled Asian financial hub, following mass pro-democracy protests in 2019.

Those concerns reflected in part Mr. Lai’s longstanding international profile as a pro-democracy critic of China’s Communist Party leadership and his extensive political connections, particularly among US Republicans — ties that prosecutors cited during the case.

At the height of the protests in July 2019, Mr. Lai met then-US Vice-President Mike Pence and then-Secretary of State Mike Pompeo in Washington.

Beijing in 2020 imposed the national security law upon Hong Kong, saying it was necessary to stabilize the city after months of sometimes violent unrest.

LIFE IN PRISON?
The case has drawn calls for Mr. Lai, whose friends and supporters say is in frail health with diabetes and high blood pressure, to be freed.

Mr. Lai’s son, Sebastien Lai, said from outside Hong Kong that the sentence “is devastating for our family and life-threatening for my father,” marking the “total destruction” of the Hong Kong legal system.

“After more than five years of relentlessly persecuting my father, it is time for China to do the right thing and release him before it is too late.”

Mr. Lai, who is also one of Hong Kong’s most prominent Roman Catholics, arrived at the court on Monday in a white jacket, with hands held together in a praying gesture as he smiled and waved at supporters.

“The harsh 20-year sentence against 78-year-old Jimmy Lai is effectively a death sentence,” said Elaine Pearson, Asia director of Human Rights Watch. “A sentence of this magnitude is both cruel and profoundly unjust.”

Hong Kong police swiftly played down concerns about Mr. Lai’s health. Chief Superintendent Steve Li of the force’s national security department said Mr. Lai’s health concerns had been “exaggerated” and added that the tycoon deserved his sentence.

The judges said they were not inclined to give Mr. Lai any deduction for his medical condition, age and solitary confinement but acknowledged he would face a “more burdensome” time than other inmates. They cut a month off the sedition sentence and one year each for the collusion charges.

Beijing and Hong Kong officials have said that Mr. Lai has received a fair trial and all are treated equally under a national security law that they say has been vital to restoring order to the city.

Dozens of Mr. Lai’s supporters queued for several days to secure a spot in the courtroom, with scores of police officers, sniffer dogs and police vehicles — including an armored truck and a bomb disposal van — deployed around the area.

“I feel that Mr. Lai is the conscience of Hong Kong,” said a man named Sum, 64, who was in the queue.

Mr. Starmer raised the case of Mr. Lai, who holds British citizenship, during a meeting with Chinese leader Xi Jinping last month in Beijing, according to people briefed on the discussions, and called for his release.

Mr. Trump too, raised Mr. Lai’s case with Mr. Xi during a meeting in October. Several Western diplomats told Reuters that negotiations to free Mr. Lai would likely begin in earnest now that he has been sentenced.

His lawyer, Robert Pang, said he could not comment when asked whether Mr. Lai would appeal, saying he has 28 days to do so. — Reuters

Thailand’s Bhumjaithai Party prepares for coalition talks after big election win

PIXABAY

BANGKOK — Thailand faced a realignment of conservative politics on Monday after Prime Minister Anutin Charnvirakul’s Bhumjaithai Party won a stronger-than-expected general election victory, with coalition talks expected to start in the coming days.

With 94% of votes counted, Bhumjaithai was way ahead of its rivals after Sunday’s vote, securing 193 of the 500 seats in Thailand’s parliament, according to Reuters’ calculations based on election commission data.

The election result sent Thai stocks up by around 3%, hitting their highest level in more than a year as the risks of further political instability receded.

The People’s Party, which led some polls in the run-up to the vote, trailed on 118, with the Pheu Thai Party third with 74.

A handful of other parties won a combined 115 spots in the 500-seat parliament, according to Reuters calculations, but the final number of party-list seats could change under Thailand’s proportional electoral system.

Mr. Anutin called the election in December after less than 100 days in office and has sought to capitalize on a wave of nationalism generated by Thailand’s three-week conflict with Cambodia in December. He described the election result as “a victory for all Thais.”

Bhumjaithai had received 30.2% of the constituency votes, with analysts saying it consolidated the conservative vote after the surge in nationalist fervor, and took a string of seats from the once dominant Pheu Thai, controlled by the billionaire Shinawatra family.

ANUTIN PROMISES CAMBODIA BORDER WALL
Asked about forming a coalition, Mr. Anutin said in a Monday news broadcast that he wanted to form a government with a strong majority, but he was still waiting to see the final election results.

“We need a strong government,” he said.

Underscoring the role that nationalism played in the vote, Mr. Anutin also vowed to build a wall along Thailand’s border with Cambodia and strengthen the military.

“I will still have to build the wall. I must keep strengthening the military’s capabilities. I believe Thai soldiers can win against anyone. And I still believe we need to keep the border checkpoints closed, not open them,” he said.

The prime minister previously indicated that if he was re-elected, the incumbent ministers of finance, foreign affairs, and commerce would retain their roles in a new cabinet.

VOTERS BACK CONSTITUTIONAL CHANGE
The left-leaning People’s Party has already ruled out the possibility of joining a coalition led by Mr. Anutin, with its leader Natthaphong Ruengpanyawut saying late on Sunday that it would not seek to form a rival coalition.

Polls at the end of January had the People’s Party significantly ahead of Bhumjaithai, but analysts said the surge in nationalism provoked by the Cambodia conflict favored the conservatives.

Voters also backed up a proposal to change the constitution, with nearly two-thirds in favor of replacing a charter put in place after a 2014 military coup, which critics say gave too much power to an undemocratic senate.

It is expected to take at least two years to implement the new constitution, with two more referendums required to endorse the drafting process and the final text. — Reuters

Singapore says cyber espionage group targeted telco infrastructure

REUTERS

SINGAPORE — Singapore’s four telecom companies, Singtel, StarHub, M1 and Simba Telecom, were targeted by cyber espionage group UNC3886 in attacks last year, Singapore’s Cyber Security Agency said on Monday.

The agency said the hackers were able to penetrate and gain access to some parts of the telecom systems but could not disrupt services and did not access personal data.

“They also managed to exfiltrate a small amount of technical data; this is believed to be primarily network-related data to advance the threat actors’ operational objectives,” the agency said.

Google-owned cyber security firm Mandiant has described UNC3886 as a “China-nexus espionage group” that has attacked defense, technology and telecommunications organizations in the US and Asia.

Beijing routinely denies any allegations of cyber espionage, and says it opposes all forms of cyberattacks and is in fact a victim of such threats.

The Chinese Embassy in Singapore did not immediately respond to a request for comment.

Monday’s statement was the first time the government has revealed the type of infrastructure that UNC3886 targeted. Last July, the government said it was responding to cyberattacks from the group targeting high-value strategic assets. — Reuters

South Korean military helicopter crashes during training, killing two

SOUTH KOREAN soldiers salute in front of a huge national flag in Pohang, South Korea, Sept. 30, 2021. — LEE JIN-MAN/POOL VIA REUTERS

SEOUL — A South Korean Army AH-1S Cobra attack helicopter crashed on Monday during a training flight in the northern county of Gapyeong, killing both crew members on board, the country’s military said.

The helicopter went down shortly after 11 a.m. (0200 GMT) for reasons that remain unclear, it said in a statement.

The two crew members were evacuated to nearby hospitals but were later pronounced dead.

The Army has suspended operations of all AH-1S helicopters following the accident and set up an emergency response team to investigate the cause of the crash.

The training involved practicing emergency landing procedures without shutting down the engine, according to the military. — Reuters

Thousands protest Israeli President Herzog’s visit to Australia

People gather at the floral tribute at Bondi Beach to honor the victims of a mass shooting targeting a Hanukkah celebration on Sunday at Bondi Beach in Sydney, Australia. — REUTERS

SYDNEY — Thousands gathered across Australia on Monday to protest the arrival of Israeli President Isaac Herzog, who is on a multi-city trip aimed at expressing solidarity with Australia’s Jewish community following a deadly mass shooting last year.

Mr. Herzog is visiting Australia this week following an invitation from Australian Prime Minister Anthony Albanese in the aftermath of the December 14 shooting at a Hanukkah event at Sydney’s Bondi Beach that killed 15.

The visit has attracted the ire of some people in Australia, who accuse Mr. Herzog of being complicit in civilian deaths in Gaza. Pro-Palestine groups have organized protests in cities and towns across the country on Monday evening.

In Sydney, thousands gathered in a square in the city’s central business district, listening to speeches and shouting pro-Palestine slogans.

“The Bondi massacre was terrible but from our Australian leadership there’s been no acknowledgment of the Palestinian people and the Gazans,” said Jackson Elliott, a 30-year-old protestor from Sydney.

“Herzog has dodged all the questions about the occupation and says this visit is about Australia and Israeli relations but he is complicit.”

There was a heavy police presence with a helicopter circling overhead and officers patrolling on horseback.

About 3,000 police personnel will be deployed across Sydney during Mr. Herzog’s visit to the city.

PRESIDENT COMMEMORATES LIVES LOST
Mr. Herzog began his visit at Bondi Beach, where he laid a wreath at a memorial for the victims of the attack. He also met survivors and the families of 15 people killed in the shooting.

“This was also an attack on all Australians. They attacked the values that our democracies treasure, the sanctity of human life, the freedom of religion, tolerance, dignity and respect,” Mr. Herzog said in remarks at the site.

In a statement, the Executive Council of Australian Jewry Co-Chief Executive Alex Ryvchin said Mr. Herzog’s visit “will lift the spirits of a pained community.”

Some Jews oppose the visit.

The Jewish Council of Australia, a vocal critic of the Israeli government, released an open letter on Monday signed by over 1,000 Jewish Australian academics and community leaders, urging Mr. Albanese to rescind Mr. Herzog’s invitation.

POLICE DEPLOY SPECIAL POWERS
Authorities in Sydney have declared Mr. Herzog’s visit a major event and have been authorized to use rarely invoked powers during the visit, including the ability to separate and move crowds, restrict their entry to certain areas, direct people to leave and search vehicles.

The Palestine Action Group organizing the protest failed in a legal challenge in a Sydney court on Monday against restrictions placed on the expected demonstration.

“We’re hoping we won’t have to use any powers, because we’ve been liaising very closely with the protest organizers,” New South Wales Police Assistant Commissioner Peter McKenna told Nine News on Monday.

“Overall, it is all of the community that we want to keep safe … we’ll be there in significant numbers just to make sure that the community is safe.” — Reuters

Japan PM’s big election win could mean more beef with Beijing

Sanae Takaichi, the newly elected leader of Japan’s ruling party, the Liberal Democratic Party (LDP), attends a press conference after the LDP presidential election in Tokyo on October 4, 2025. — YUICHI YAMAZAKI/POOL VIA REUTERS

TOKYO — Japanese Prime Minister Sanae Takaichi’s thumping election win has blunted domestic opposition to her hawkish security agenda, encouraging plans to press ahead with a defense expansion that China has condemned as a return to militarism.

As the scale of her government’s historic victory became clear on Sunday — capturing 352 of the 465 seats in the lower house — Ms. Takaichi said she would “work flat out to deliver” an agenda that includes building a military strong enough to deter Chinese threats to its islands, including those close to Taiwan.

In November, Ms. Takaichi touched off a diplomatic storm with Beijing by suggesting Japan could respond militarily to any Chinese attack on the democratically governed island if it also threatened Japanese territory.

STANDING UP TO CHINA
“I expect to see Japan very forward-leaning on defense policy, such as her statements on a Taiwan contingency,” said Kevin Maher, a former US diplomat now with NMV Consulting in Washington. “One impact could be that President Xi Jinping comes to understand her strong stance,” he added.

China responded furiously to Ms. Takaichi’s Taiwan comment, promising to “resolutely prevent the resurgence of Japanese militarism” if Tokyo continued on its “wrong path”. Beijing also imposed a series of economic countermeasures including a boycott on travel to Japan and export restrictions on items such as rare earths it says Tokyo could use in military equipment.

Shingo Yamagami, a senior fellow at the Sasakawa Peace Foundation and a former Japanese ambassador to Australia, said the “hidden agenda” of the Sunday election was China.

“In light of belligerent actions and waves of economic coercion, should Japan acquiesce or stand tall?” he wrote on X. “The Japanese people clearly chose the latter.”

Taiwan’s de facto ambassador to Japan, Lee Yi-yang, was among the first foreign dignitaries to congratulate Ms. Takaichi, writing on Facebook that her victory showed Japan was not intimidated by China’s “threats and pressure.”

China’s foreign ministry on Monday again urged Ms. Takaichi to withdraw her remarks on Taiwan and said its policy towards Japan would not be changed by one election.

“We urge Japan’s ruling authorities to take seriously, rather than ignore, the concerns of the international community, and to pursue the path of peaceful development instead of repeating the mistakes of militarism,” foreign ministry spokesman Lin Jian said.

SECURITY STRATEGY
Ms. Takaichi, a fan of Britain’s former leader Margaret Thatcher, is already accelerating defense spending to bring it to a record 2% of gross domestic product by the end of March. She has also pledged to ease restrictions on arms exports and allow Japan to pursue joint defense equipment projects with other countries.

Her administration plans to formulate a new national security strategy, likely by year end, that would further accelerate military spending.

That could lift defense outlays to around 3% of GDP, an LDP lawmaker told Reuters ahead of Sunday’s election, speaking on condition of anonymity because of the sensitivity surrounding such a move.

The potential increase would follow pressure from US President Donald Trump on Washington’s allies to raise defense spending.

Drawing lessons from nearly four years of war in Ukraine, Japan wants to build up munitions stockpiles and buy new equipment, including drones, to prepare for any prolonged conflict against a more powerful adversary, analysts say.

The scale of Ms. Takaichi’s security ambitions could, however, be constrained by tax cuts and economic stimulus measures that would strain public finances, said Jeffrey Hornung, an expert on Japanese security policy at the RAND Corporation.

“Maybe you’ll see an effort to spend more, but because of her plans to spend on consumer measures, they may not choose to push much further,” he said.

The landslide victory could also bring a long-taboo security goal into view, one that would not burden public finances.

With more than a two-thirds majority in the lower house, she could table an amendment to Japan’s pacifist constitution to formally recognize the Self-Defense Forces as a military. Any such change would still require a two-thirds majority in the upper house – which she does not currently control – and approval in a national referendum.

“It’s not a slam dunk,” Mr. Hornung said, “but probably the best chance for any prime minister.” — Reuters

Britain’s Prince William to meet Saudi crown prince on official visit

Britain's Prince William attends a groundbreaking ceremony at The Royal Marsden in Surrey, Britain October 21, 2020. — JACK HILL/POOL VIA REUTERS-RC22NJ9X72BN/FILE PHOTO

LONDON — Britain’s Prince William will meet Crown Prince Mohammed bin Salman during a three-day visit to Saudi Arabia starting on Monday, an official trip on behalf of the government to deepen ties with the country.

The royal’s visit follows a 2025 trip to Saudi by Britain’s finance minister, which London said had unlocked trade and investment agreements worth 6.4 billion pounds ($8.71 billion).

During his trip, Prince William will hold an audience with the crown prince and take part in engagements focused on Saudi Arabia’s economic reforms, cultural initiatives, and environmental programs, his office Kensington Palace said on Monday.

This would not be Prince William’s first meeting with the crown prince. In March 2018, he and his father, then-Prince Charles, hosted Crown Prince bin Salman for a dinner at Clarence House in London, on the same day the late Queen Elizabeth held a separate lunch with the Saudi royal.

During his visit to Saudi, Prince William, King Charles’ eldest son, is also expected to meet young Saudis, learn about the country’s plans for sustainability and urban development, and visit projects linked to women’s sport, e-sports, conservation, and cultural cooperation, the palace said.

The British prince will also travel to AlUla, an ancient Arabian oasis city, where he will visit wildlife reserves, meet local communities and tour “Prince of Wales House” – a new UK cultural space promoting collaboration in arts and heritage. — Reuters

12 dead, over 162,000 families affected following Basyang’s onslaught

Family food packs being distributed to families affected by Tropical Storm Basyang in Surigao del Norte, Feb. 7, 2026. — DSWD FB PAGE

At least 12 deaths and more than 162,000 families affected were reported following the onslaught of Tropical Storm Basyang, which caused widespread flooding in Caraga and parts of Mindanao, the national disaster agency said on Monday.

A total of nine fatalities were reported in Region 10, the National Disaster Risk Reduction and Management Council (NDRRMC) told reporters via Viber. Of these, four deaths were recorded in Cagayan de Oro City due to landslides, while four were reported in Iligan City — one due to a landslide, with the causes of the remaining three still under investigation.

The agency noted that the total number of reported deaths remains unchanged from its situational report on Sunday.

The NDRRMC is also validating another reported death in Region 10, while three deaths were reported in CARAGA, all due to drowning.

Meanwhile, the largest number of affected families was recorded in CARAGA, with more than 110,000 families affected, 2,094 of whom are currently staying in 50 evacuation centers.

Region 10 followed, with over 110,000 affected families, 9,620 of whom are taking shelter in 54 evacuation centers.

Other regions, Region 6 (1,926 families), Region 7 (12,838), Region 8 (851), and Region 11 (81), also reported families affected by Tropical Storm Basyang. A total of 36 injured individuals were also reported, all in Region 10.

The NDRRMC also reported ₱260,000 in infrastructure damage and 503 damaged houses as of this writing, noting that damage assessments are still ongoing.

Meanwhile, the Department of Social Welfare and Development (DSWD) said it has distributed more than ₱82.5 million worth of humanitarian assistance, based on its 6:00 a.m. report.

DSWD Assistant Secretary Irene B. Dumlao said in a statement that humanitarian aid comprises family food packs (FFPs), ready-to-eat food (RTEF) boxes, as well as non-food items (NFIs) such as hygiene, sleeping, and kitchen kits, water containers, and modular tents.

Earlier, President Ferdinand R. Marcos Jr. ordered the full support of the government for areas affected by the storm, ensuring that affected victims will receive the assistance needed to recover. — Edg Adrian A. Eva

VP Duterte faces 3rd impeachment bid

VICE-PRESIDENT SARA DUTERTE-CARPIO FACEBOOK PAGE PHOTO

Vice-President Sara Duterte-Carpio faced a third impeachment complaint on Monday from religious and civil society groups over allegations that include graft, corruption and plunder. 

The complaint filed at the House of Representatives centers on claims that Ms. Duterte misused confidential and intelligence funds allocated to the Office of the Vice President and Department of Education, violating the Constitution and betraying public trust. 

“It remains the moral obligation of Congress to impeach and remove her from office once and for all,” Amando Virgil D. Ligutan, lawyer for the complainants, told reporters after the filing. Party-list Rep. Leila M. de Lima endorsed the complaint. 

The Office of the Vice President did not immediately reply to a Viber message seeking comment. Ms. Duterte has denied wrongdoing. 

The 98-page filing accused the Vice President of plunder over the misuse of P500 million in confidential funds allotted to her office from 2022 to 2023, as well as P112.5 million earmarked for the Education department during her tenure as secretary. 

“In truth, the confidential funds went to the Vice President’s people — not confidential operatives but co-conspirators in malversation,” according to a copy of the complaint. 

The complainants also accuses her of enriching herself illegally, claiming her declared income as a former mayor and vice mayor could not explain the hundreds of millions of pesos allegedly found in her bank accounts. They also accused her of bribery linked to government contracts and of threatening to kill President Ferdinand R. Marcos, Jr., the First Lady and former Speaker Ferdinand Martin G. Romualdez, the President’s cousin. 

The latest complaint adds to mounting pressure on Ms. Duterte amid calls for greater transparency over the use of confidential and intelligence funds, said Ederson DT. Tapia, a political science professor at the University of Makati. 

The accusations may reinforce the narrative already raised in earlier impeachment complaints, he said, noting that repeated filings could keep the issue alive in the public arena even if prospects for conviction remain uncertain. 

The filing comes as the House of Representatives has wrapped up deliberations on impeachment complaints against President Ferdinand R. Marcos, Jr., Ms. Duterte’s political rival. 

While a plenary vote is still required in the Marcos case, the odds of overturning a panel’s dismissal are seen as slim, with the chamber dominated by allies of the President and requiring at least 106 votes. 

The twin impeachment efforts could deepen political fault lines between allies of Mr. Marcos in the House and Ms. Duterte, who is widely seen as a potential contender in the 2028 presidential election. 

Activists and civil society groups filed separate impeachment complaints against the Vice President last week, reviving efforts to remove her from office over similar corruption allegations. 

Ms. Duterte was impeached by the House last year after more than a third of lawmakers backed a fourth complaint that was quickly sent  to the Senate. She later secured a Supreme Court ruling voiding the proceedings, with the high court saying lawmakers violated constitutional rules by bypassing earlier complaints. — Kenneth Christian L. Basilio

EDAC expands Southeast Asia footprint with new manufacturing hub at Filinvest Innovation Park – New Clark City

Left to right: Carmelo Centeno III, general manager, FIP New Clark City; Francis Ceballos, SVP, Filinvest Land; Connie Robinson, financial director, EDAC Philippines, Inc.; Sherwin Robinson, director of Operations, EDAC Philippines, Inc.; and Kenneth Peralta, vice-president, BCDA

Global interconnectivity solutions provider EDAC Group has selected Filinvest Innovation Park – New Clark City (FIP-NCC) as the site of its newest manufacturing facility, marking a significant milestone in the company’s expansion across Southeast Asia and reinforcing Central Luzon’s emergence as a premier industrial growth corridor.

EDAC formalized its entry into the Philippines through the signing of a five-year lease agreement for a 5,000-square-meter Ready-Built Factory (RBF) at FIP-NCC, which will serve as its newest manufacturing hub in the region, supporting its growing operations and expanding customer base across Asia. Commercial operations at the facility are targeted to begin by the second quarter of 2026, with the company expected to employ up to 90 workers at full capacity, contributing to job generation and the development of technical talent in Central Luzon.

The lease agreement was signed by Francis Ceballos, senior vice-president and Business Unit head for Industrial and Logistics of Filinvest Land, Inc.; and Connie Robinson, financial director of EDAC Philippines, Inc. The signing was witnessed by Carmelo Centeno III, general manager of FIP-NCC; Sherwin Robinson, director of Operations of EDAC Philippines; and Kenneth Peralta, vice-president and head of Investment Promotions and Marketing of the Bases Conversion and Development Authority (BCDA).

“Our expansion into the Philippines through Filinvest Innovation Park – New Clark City is a strategic step for EDAC,” said Sherwin Robinson, director of Operations of EDAC Philippines. “The park’s modern infrastructure, strong government support, and proximity to key logistics and export gateways make it an ideal base for our manufacturing operations. We look forward to growing alongside the community and contributing to the region’s industrial development.” 

For Filinvest Land, EDAC’s entry underscores the growing stature of Filinvest Innovation Park – New Clark City as a preferred destination for global manufacturers and technology-driven enterprises. “We are pleased to welcome EDAC to our expanding roster of locators at Filinvest Innovation Park – New Clark City,” said Francis Ceballos, SVP of Filinvest Land. “Their investment reflects the strong confidence global companies have in the Philippines and in Central Luzon as a strategic industrial hub. FIP-NCC continues to attract forward-looking enterprises that see long-term value in its location, infrastructure, and growth potential.” 

EDAC’s Philippine operations recently secured registration with the Philippine Economic Zone Authority (PEZA) on Jan. 5, 2026, qualifying the company for a range of fiscal incentives under the country’s investment promotion framework, including income tax holidays and enhanced deductions.

“On behalf of BCDA President and CEO Joshua Bingcang, we welcome EDAC to New Clark City — a city built for resilience, sustainability, and long-term growth,” Mr. Peralta said. “EDAC’s decision to locate here reflects the strong fundamentals of New Clark City and its growing appeal to global investors.” 

The signing ceremony was held at Quest Plus Hotel Clark, located within Mimosa Plus Leisure Estate, a Filinvest Development Corp. leisure township developed in partnership with the Clark Development Corp.

With EDAC’s entry, Filinvest Innovation Park – New Clark City continues to strengthen its position as a catalyst for industrial growth, innovation, and investment in Central Luzon, reinforcing the Philippines’ role as a competitive manufacturing and logistics hub in Southeast Asia.

 


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SpaceX prioritizes lunar ‘self-growing city’ over Mars project, Musk says

REUTERS

ELON MUSK said on Sunday that SpaceX has shifted its focus to building a “self‑growing city” on the moon, which could be achieved in less than 10 years.

SpaceX still intends to start on Mr. Musk’s long-held ambition of a city on Mars within five to seven years, he wrote on his X social media platform, “but the overriding priority is securing the future of civilization and the Moon is faster.”

Mr. Musk’s comments echo a Wall Street Journal report on Friday, stating that SpaceX has told investors it would prioritize going to the moon and attempt a trip to Mars at a later time, targeting March 2027 for an uncrewed lunar landing.

As recently as last year, Mr. Musk said that he aimed to send an uncrewed mission to Mars by the end of 2026.

The US faces intense competition from China in the race to return humans to the moon this decade. Humans have not visited the lunar surface since the Apollo 17 mission in 1972.

Less than a week ago, Mr. Musk announced that SpaceX acquired the artificial intelligence company he also leads, xAI, in a deal that values the rocket and satellite company at $1 trillion and the artificial intelligence outfit at $250 billion.

Proponents of the move view it as a way for SpaceX to bolster its plans for space-based data centers, which Mr. Musk sees as more energy efficient than terrestrial facilities as the demand for compute power soars with AI development.

SpaceX is hoping a public offering later this year could raise as much as $50 billion, which could make it the largest public offering in history.

Earlier on Sunday, Mr. Musk shared the company’s first Super Bowl ad, promoting its Starlink Wi-Fi service.

Even as Mr. Musk reorients SpaceX, he is also pushing his publicly traded company, Tesla, in a new direction.

After virtually building the global electric vehicles market, Tesla is now planning to spend $20 billion this year as part of an effort to pivot to autonomous driving and robots.

To speed up the shift, Mr. Musk said last month Tesla is ending production of two car models at its California factory to make room for manufacturing its Optimus humanoid robots. — Reuters

Aboitiz-led Thunder Consortium takes over 797-MW CBK hydro complex

CBKPOWER.COM

The government on Monday formally turned over the operations of the 797-megawatt Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex in Laguna to the Aboitiz-led Thunder Consortium after the group won the P36.27-billion privatization bid for the facility.

Thunder Consortium assumed operations of the 797-megawatt (MW) CBK complex following the privatization conducted by state-run Power Sector Assets and Liabilities Management Corp. (PSALM).

Aboitiz Power Corp. (AboitizPower), through its subsidiary Aboitiz Renewables, Inc., holds a 64% stake in Thunder Consortium, which also includes Japan’s Sumitomo Corp. and Electric Power Development Co.

“This plant is more than a power facility. It’s really a ver, very strategic asset. It provides flexibility, stability, and resilience in a rapidly changing energy system. It allows us to manage peaks in demand, support reserves and integrate more renewable energy into the grid without compromising reliability,” AboitizPower Chairman Sabin M. Aboitiz said in his speech during the ceremonial turnover.

The CBK complex includes the 39.37-MW Caliraya hydroelectric power plant in Lumban, the 22.91-MW Botocan hydroelectric power plant in Majayjay, and the 366-MW Kalayaan I and 368.36-MW Kalayaan II pumped-storage plants, all in Laguna.

The complex had been operated under a 25-year build-rehabilitate-operate-transfer agreement between CBK Power Co. Ltd. and the National Power Corp. — Sheldeen Joy Talavera

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