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.
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.
Chris Estrella, a Filipino social worker, says he led a troop of five porters out of a Mindanao jungle in January 2000 with a weather-beaten iron and leather box crammed with $25 billion of U.S. government bearer bonds.
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 terrorism trial of Indonesian militant Umar Patek began today in Jakarta for his alleged role in bombings that killed 202 people in Bali, highlighting Southeast Asia’s battle to dismantle militant groups.
Indonesian militant Umar Patek was convicted of murder and sentenced to 20 years in prison for his role in making the explosives used in the October 2002 bombings on the resort island of Bali that killed 202 people.