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Cotabato, a bustling regional trading hub, has been targeted by Muslim insurgents in the past.The bomb exploded as a bulletproof SUV, carrying city administrator Cynthia Guiani-Sayadi, was passing by. Sayadi was not hurt but two of her bodyguards in a security van were killed, officials said, adding it was unclear if Sayadi was the target of the attack.President Benigno Aquino III's administration condemned the bombing and vowed to hunt down and punish those responsible."We condemn the use of violence to kill and maim our countrymen who are peacefully going about their daily lives," Aquino's spokesman Herminio Coloma said. "We'll hold accountable these criminals who terrorize our society."Philippine authorities did not immediately point to any suspects, but government forces have been on alert in the southern region due to recent attacks and bombings by a breakaway Muslim rebel faction opposed to peace talks between a main insurgent group and the government.