PEACE UPDATE: Govt & Muslim Rebels Forge Wealth-Sharing in Peace Accord. “In a show of true commitment, the parties extended the meeting, originally scheduled for four days to six days, to be able to overcome their concerns and reach an agreement,” the government and the Moro Islamic Liberation Front said in a statement. The pact provides “sufficient guidance” to draft wealth-sharing and revenue-generation provisions of a law expanding Muslim autonomy in a region to be known as Bangsamoro, they said....

Philippines, Muslim Rebels Forge Wealth-Sharing in Peace Accord - Bloomberg: "Muslims will get a 75 percent share of metals resources and an equal split on fossil fuels, Ghadzali Jaafar, the front’s vice chairman, said in a phone interview yesterday. “We are going into the meat of the final deal,” he said. The statement didn’t provide details on the agreement. Ending one of Southeast Asia’s most entrenched conflicts could help bring investors to Mindanao and unlock mineral deposits worth an estimated $312 billion. The Autonomous Region in Muslim Mindanao had per capita gross domestic product of 26,004 pesos ($599) in 2011, about a fourth the national average of 103,366 pesos and the lowest among 17 regions, according to the National Statistical Coordination Board." CLICK ABOVE LINK TO READ FULL ARTICLE

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