MANILA, Philippines — The Philippines has finally crossed into upper-middle income status—after nearly four decades as a lower-middle-income economy. Yet for many Filipinos still grappling with

The World Bank upgrade marks a long-sought economic milestone for the Philippines, but high prices, underemployment, and income inequality continue to plague millions of Filipinos

Philippines achieves upper-middle income status after years of robust growth. Experts warn the hardest work lies ahead to avoid the middle-income trap.