International

Philippines postpones self-rule vote in restive Muslim region

AFP

The Philippine government said Friday it will postpone elections key to ending decades of sectarian bloodshed in a troubled Muslim region, with the pandemic and a stalling peace process blamed for the delay.

The vote was a key provision in a 2014 peace agreement aimed at ending a conflict estimated to have claimed 150,000 lives and was due to take place next May in the Bangsamoro Autonomous Region in Muslim Mindanao.

But former rebels from the Moro Islamic Liberation Front (MILF) group appointed to lead a transitional government have said they needed more time before elections to a local legislature can go ahead and the vote will instead be held in 2025.

“President Rodrigo Roa Duterte signed… (the bill) yesterday resetting the elections in the Bangsamoro Autonomous Region in Muslim Mindanao to 2025,” his spokesman Harry Roque told reporters.

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The law grants Duterte the authority to appoint members of the 80-member transition authority whose terms would end with the 2025 election, Roque said.

Former MILF rebels have warned that the failure of the peace process would likely draw disillusioned Muslim youths in the region towards the more hardline Islamists still waging an armed campaign in the southern Philippines.

But restrictions imposed because of the pandemic and the transitional government’s inability to draw up an election code had left them with little choice but to delay the poll, Georgi Engelbrecht, senior analyst for the Brussels-based peace monitor International Crisis Group, told AFP last month.

“The extension is not the most perfect solution but nonetheless it’s a start,” he said.

A report by the monitor warned in April that the process of decommissioning the MILF’s 40,000 fighters was “sputtering”, with fewer than a third having laid down their weapons.

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And the Duterte government “has been slow to distribute to them the economic packages meant to entice them to cooperate”, it added.

Violence has also persisted despite the peace deal, with radical Islamic groups setting up shop in what remains the poorest part of the country.

In May 2017, hundreds of pro-Islamic State foreign and local gunmen seized Marawi, the country’s largest Muslim city.

The Philippine military wrested back the ruined city after a five-month battle that claimed more than a thousand lives.

An insurgency first emerged in the mainly Catholic Asian nation in the early 1970s as a bid to set up a separate Muslim state in the Mindanao region, though the rebels later scaled down their goals to autonomy.

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An earlier peace treaty between Manila and a rival Muslim rebel faction had created a self-ruled area in 1996, but it was hampered by a lack of funding and corruption while the MILF fought on.

The new entity is better-funded and slightly larger. The national government retains police powers.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.