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Philippine financial system under pressure amid Middle East conflict — FSCC – BusinessWorld Online

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Philippine financial system under pressure amid Middle East conflict — FSCC – BusinessWorld Online

In a statement following its latest quarterly meeting held last week, the interagency council noted that the local banking sector remains strong, but risks are emerging from the prolonged war in the Middle East. "Geopolitical risks remain a key source of uncertainty," Bangko Sentral ng Pilipinas (BSP) Governor and FSCC Chair Eli M. Remolona, Jr. said on Monday. The FSCC…

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