MANILA: The direct impact of the Russia-Ukraine war on the Philippines is “inconsequential,” representing less than 1% of merchandise trade and banks’ financial exposure, but the conflict might make a dent on inbound remittances, according to the Bangko Sentral ng Pilipinas (BSP) chief.
BSP governor Benjamin Diokno told reporters that the Philippines has limited economic and business links with either of the countries at war.
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