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Philippines business confidence rose in February despite risks from Middle East conflict.
Business confidence in the Philippines rose in February, driven by strong domestic demand and infrastructure spending.
However, this optimism was reported before the escalation of the Middle East conflict, which now threatens to spike oil prices and inflation.
The Bangko Sentral ng Pilipinas kept interest rates steady, though analysts warn that the current positive sentiment may be overstated due to lingering credit and capacity constraints.
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La confianza empresarial de Filipinas aumentó en febrero a pesar de los riesgos del conflicto de Oriente Medio.