At long last, as of July 2026, the Philippines has attained Upper-Middle-Income status, as announced by the World Bank on July 1, 2026. This reclassification from Lower-Middle-Income to Upper-Middle-Income marks an important milestone in our efforts to eventually be considered a High-Income...
LUBAO, Pampanga – One week he tamed the mountain. The next, he conquered the plains. From the demanding slopes and severe elevation changes of Pinewoods to the sprawling, flatter and wind-swept fairways of Pradera Verde 's Arayat course, Lloyd Go proved that truly elite players aren 't...
Banish the thought that the World Bank 's classification of the Philippines as an “upper-middle-income” economy is the silver bullet to slay the dragon of widespread poverty. It is a myth—not reality. Find out why. From 1987 to 2025—spanning almost four decades—the Republic of the...
LUBAO, Pampanga – Keanu Jahns capitalized on another scoring opportunity at Pradera Verde Golf and Country Club, delivering a second straight 68 to seize control of the ICTSI Pradera Verde Championship and open a three-shot lead over Tony Lascuña at the halfway mark here on Wednesday, July 8....
While the Philippines’ graduation to upper-middle-income-country (UMIC) status is a nod to its economic progress, President Ferdinand R. Marcos Jr.’s chief economic manager said the milestone alone cannot do the heavy lifting needed for the country to achieve an ‘A’-level sovereign credit...
The Department of Trade and Industry (DTI) highlighted the country 's strong trade momentum and rising capital inflows as the primary engines behind the Philippines officially hitting Upper Middle-Income Country (UMIC) status. With Gross National Income (GNI) per capita breaching the critical...
Malacañang has stressed that the Philippines ' elevation to upper-middle-income country (UMIC) status does not mean economic difficulties have disappeared for ordinary Filipinos, with President Marcos vowing to continue government interventions for poor and vulnerable sectors. Speaking at a...
President Marcos is not worried about the downsides of the Philippines ' achievement of upper-middle-income status, as he is banking on increased investment. As the country moves up the classification ladder, it may gradually lose access to foreign grants intended for poorer economies. Marcos,...
House members sounded highly skeptical of the World Bank 's (WB) declaration that the Philippines has attained upper-middle-income status, as they noted most Filipino families continued to struggle financially. Caloocan City 2nd district Rep. Edgar "Egay" Erice says that the...
The Philippines ' achievement of upper middle-income status after nearly four decades validates the economic policies pursued by the administration and serves as a "vote of confidence" in the country 's future, President Marcos said. In a video message on Thursday, July 2, Marcos said...
Climbing to upper-middle-income-country (UMIC) status comes with a trade-off: the Philippines faces a looming decline in access to concessional official development assistance (ODA), or low-interest loans extended by the country’s multilateral and bilateral development partners. However, for...
Malacañang has welcomed the Philippines ' official graduation to upper-middle-income country (UMIC) status, saying the milestone signals stronger economic fundamentals and could translate into more jobs and better opportunities for Filipinos. In a statement on Thursday, July 2, Executive...
