Business group hails Bangsamoro peace deal

ABS-CBN News

Posted at Mar 27 2014 06:10 PM | Updated as of Mar 28 2014 02:10 AM

MANILA, Philippines - The Makati Business Club hailed the signing of a historic peace pact between the Philippine government and the biggest Muslim rebel group in the country.

On Thursday, President Benigno Aquino and Moro Islamic Liberation Front chairman Al Haj Murad Ebrahim signed the Comprehensive Agreement on the Bangsamoro in Malacanang.

The peace pact is aimed at ending four decades of conflict in the southern Philippines.

In a statement, the MBC urged Congress to continue the path to peace with the crafting of the Bangsamoro Basic Law.

"With the journey towards lasting peace now entering the halls of Congress as it crafts the Bangsamoro Basic Law, we reiterate our call to our legislators and other stakeholders to continue to ardently pursue this path to peace. We repeat our shared aspiration that the Basic Law, which the government has committed to certify as urgent legislation, will truly embody the aspirations of the Bangsamoro and usher the region towards greater economic, social, and cultural activity," the MBC said.

The MBC reiterated its belief that the MILF and the Moro National Liberation Front (MNLF) "come together and identify points of consensus between the 1996 Final Peace Agreement and the Comprehensive Agreement on the Bangsamoro on which a more sustainable and lasting peace in Mindanao can be built."
 
The business group is hopeful the peace deal will bring investments and economic prosperity to Mindanao. The MBC urged businessmen to help develop the region's economy and provide livelihood to Mindanao residents.

"We are hopeful that the effective implementation of the Agreement will unleash the region’s vast potentials for agriculture and agribusiness investments, tourism, and natural resource development, among others.... The business community must do its part. Thus, we call on our colleagues in business to be active participants in developing Mindanao’s economy and in providing greater livelihood opportunities for our brothers and sisters in the region," the MBC said.