This milestone is real, and it took decades of work by millions of Filipinos, not any single administration

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.

'After nearly four decades as a lower middle income country since 1987, this milestone affirms that the economic policies we have pursued over the past four years have been…

Executive Secretary Ralph Recto INQUIRER PHOTO / NIÑO JESUS ORBETA @abris_ej MANILA, Philippines – Executive Secretary Ralph G. Recto welcomed the Philippines’ elevation…

MANILA: The Philippines has been reclassified by the World Bank as an upper-middle income country — a target it has been trying to achieve since the 1980s — after posting a record…

Composite image from INQUIRER/AFP files photos. MANILA, Philippines — The Philippines has officially attained upper-middle-income status under the World Bank’s latest income…

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…

This milestone is real, and it took decades of work by millions of Filipinos, not any single administration

Both countries must now escape the middle income trap that has stalled several of their Southeast Asian peers.

The World Bank has elevated Sri Lanka, Vietnam, and the Philippines to upper-middle-income status, highlighting their sustained economic growth and post-crisis recovery efforts.