BusinessWorld E-paper
May 26, 2026
THE PHILIPPINE financial system is facing mounting pressure as vulnerabilities tied to corporate debt and rising household debt amid the Middle East conflict continue to test its resilience, the Financial Stability Coordination Council (FSCC) said.
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.
