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.
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.
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.
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.
Philippine President Benigno Aquino will sign a peace deal today with Muslim guerrillas after deadly attacks underscored the obstacles to ending a 40-year insurgency that has blocked investment in the country’s mineral-rich south.
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.