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

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…

Vietnam and the Philippines have officially joined the upper-middle income bracket, a significant upgrade by the World Bank following years of robust economic growth. This…

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.