Philippine President Benigno Aquino’s deal with Muslim rebels provides the best chance since 2008 to extinguish a four-decade insurgency that has killed as many as 200,000 people and attract investors deterred by violence to the mineral-rich south.
The Philippines’ state-owned Al- Amanah Islamic Bank may sell the nation’s first Shariah- compliant bonds to finance development in Muslim Mindanao , the poorest region and base of Abu Sayyaf separatist militants.
Cris Bual’s work for mining giant Xstrata Plc made him a target for Maoist rebels, armed bandits, or just about anyone with a gun for hire. When traveling from the relative safety of Davao City into the badlands of the Philippine island of Mindanao, Bual kept his schedule and route secret. That wasn’t enough to save him.
About three million people thronged an annual Roman Catholic procession in the Philippine capital, brushing aside a request from President Benigno Aquino to stay at home amid warnings of a possible terrorist attack.
The Philippine government signed a peace pact with the nation’s largest Muslim rebel group after a four-decade insurgency, a step toward creating a new autonomous region to help unlock investment in the mineral-rich south.