December 10, 2013

Gov’t and MILF closer to peace deal

The government and the Moro Islamic Liberation Front signed a wealth and power sharing agreement last Sunday night in a meeting in Kuala Lumpur. The deal specifies the type of powers reserved for the central government, those exclusive to the Bangsamoro and concurrent powers between the two.

This is a step closer for both parties to sign and implement a comprehensive peace agreement. According to inquirer.net, President Aquino said the two parties will now consider the normalization process which involves convincing the MILF’s 12,000 fighters to hand over their weapons and return to mainstream society.

Both parties are reportedly confident that they could soon sign the last remaining annex on normalization and complete the comprehensive peace agreement by January next year. A peace deal in Mindanao is largely seen to pave the way for investments into the region to develop its vast natural resources and contribute more significantly to the country’s economy. - WealthSec