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Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 Woods wins UK court ban against nude, sex photos 11 Dec 2009 Governor Sanford's wife files for divorce 11 Dec 2009 Iraq aims to power out of war into oil big league | Video 9:36am EST Woods's break to fuel high-stakes guessing game 12:34am EST Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 US debt limit to rise by $1.8 to 1.9 trillion -Hoyer 11 Dec 2009 Iraq aims to power out of war into oil big league | Video 9:36am EST U.S. agency sees more health spending with reform 11 Dec 2009 Osteoporosis meds may cut breast cancer risk: study 11 Dec 2009 Philippines says to lift martial law in south MANILA Sat Dec 12, 2009 7:17am EST Related News Gunmen hold 57 hostages in Philippines Thu, Dec 10 2009 Philippines seizes more ammo in the south Sun, Dec 6 2009 Guinea junta leader "out of danger": spokesman Sat, Dec 5 2009 Philippines imposes martial law in massacre province Sat, Dec 5 2009 Philippine clan members investigated after killings Fri, Nov 27 2009 MANILA (Reuters) - The Philippines will lift a state of martial law in the southern province of Maguindanao, imposed after a massacre in which 57 people were killed but widely criticized by the opposition and a cause of concern to investors. World Executive Secretary Eduardo Ermita announced that the martial law would end at 9 p.m. (8 a.m. EST) on Saturday. He said on radio that more than 500 people were arrested after the proclamation of martial law on Dec 4. Sixty-two people, mostly from the powerful Ampatuan clan that controls the province, had been arrested on charges of rebellion and more than 600 were likely to be finally charged with the crime, which carries a life sentence. Eduardo said the criminal justice system in Maguindanao had resumed operations. "In view of these accomplishments under martial law, the cabinet group recommended for the lifting of the proclamation and the president has approved the recommendation," he said. The government said it imposed martial law because groups loyal to the Ampatuan clan in Maguindanao, some of which are suspected to have organized the attack on a rival political family that led to the massacre, were planning a rebellion after the arrest of a clan member. But opposition groups and analysts say the measure was unjustified as there was no concrete evidence of an invasion or rebellion in the province, as required under the 1987 constitution. Congress has held two joint sessions on whether to endorse the measure, and was due to take a vote on December 15. While markets have mostly shrugged off the move, economic analysts have said investor sentiment would be badly affected if martial law were to be extended across other parts of the country. Opposition groups have said martial law could be used to cancel presidential elections next year, citing the case of strongman Ferdinand Marcos who declared martial law in 1972 after an assassination attempt on his defense secretary and then ruled under it for 14 years. Many believe that attack, blamed by Marcos on communist groups, was staged by the administration. President Gloria Macapagal Arroyo, who has been in power since 2001, is not eligible to run for president again. (Reporting by Manny Mogato; Editing by Raju Gopalakrishnan and Alex Richardson) World More from Reuters Obama argues for strong financial watchdog agency WASHINGTON (Reuters) - President Barack Obama defended on Saturday a consumer watchdog agency the financial industry wants to weaken or strip from legislation that would strengthen the regulation of Wall Street. Iraq aims to power out of war into oil big league | Video U.S. froze $2 billion held for Iran in Citibank: report Worldwide rallies urge strong U.N. climate deal Pay czar caps more salaries at bailed out firms Iran needs up to 15 nuclear plants: foreign minister » More Top News Money & Spending: Bargain basement bashes Corporate America is channeling Ebenezer Scrooge for a second year, saying Bah Humbug! to lavish holiday parties as fears of a double-dip recession loom. 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