The Philippines is unlikely to see a big impact from China’s planned fiscal stimulus, as the ongoing row over the West Philippine Sea limits Manila’s exposure to Chinese investments. In a commentary,

The Philippines cast doubt on China's sincerity in negotiations for a South China Sea code of conduct, despite planned discussions. Defense Minister Gilberto Teodoro expressed skepticism, echoed by recent calls from Southeast Asian leaders for a swift agreement.

The Philippines doubts China's intention to negotiate a regional code of conduct in the South China Sea although Manila is looking forward to continuing discussions, Defence Minister Gilberto Teodoro said on Monday.

The Philippines is the least exposed among economies in Asia as China unleashed several stimulus measures in an effort to boost economic growth, according to Nomura Global Markets Research. In its Asia economic monthly report,

There have been no reports from reputable sources regarding recent conflict between the three countries in Subic Bay