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.

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

The World Bank has upgraded Sri Lanka to upper-middle-income status, marking a significant recovery post-economic crisis.

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…

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.

Six countries moved into higher income categories this year, with five shifting from lower-middle to upper-middle income status and one moving from low to lower-middle income,…

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.