The Department of Foreign Affairs recommended last month to President Benigno Aquino that the Philippines withdraw because of security concerns, but presidential spokeswoman Abigail Valte said no decision had yet been made.
"The recommendation re (regarding) the deployment of forces is being studied as of the present time," she said in a statement to AFP when asked today about a decision.
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The department made its recommendation last month after Syrian rebels briefly held hostage four Filipino soldiers. The same group abducted 21 Filipino peacekeepers in March. All were released unharmed.
India also has troops serving in the UN Disengagement Observer Force (UNDOF), which has monitored a ceasefire between Israel and Syria since 1974.
Security concerns in the area rose further this week as Syrian government and rebel fighters battled for a Golan Heights border crossing.
A Filipino peacekeeper was wounded in the leg by shrapnel yesterday and Austria, whose 377 troops make up the largest group in the UN contingent, announced it was withdrawing its men, throwing the force into disarray.
Philippine military chief General Emmanuel Bautista said today the decision to pull out was up to the government, but his soldiers were prepared for the dangers.
"We can manage any risk, we have gone to areas where we exposed our people to combat," he said, citing the Filipino troops who fought with the UN force in Korea in the 1950s.
"You can't remove the risk. That is why we are there: to prevent conflict," he told reporters.
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