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...
The Philippines has finally moved up to upper-middle-income status, breaking out of a lower-middle-income classification it held for nearly 40 years. According to new data from the World Bank, the country joined the upper-middle-income bracket, which requires a gross national income (GNI) per...
The Philippines achieved its long-standing goal of attaining upper-middle-income-country (UMIC) status with a record-high gross national income (GNI) per capita in 2025, even as neighboring Vietnam made a bigger stride toward the same World Bank classification. The World Bank announced on Wednesday...
Vietnam widened its lead over the Philippines in terms of gross national income (GNI) per capita as the Southeast Asian neighbors both aspire to attain the World Bank’s upper-middle-income-country (UMIC) status. A World Bank board report dated June 18 and disclosed last Monday, June 29, showed...
Former president Rodrigo Duterte will not attend the second status conference in his International Criminal Court (ICC) case next week after waiving his right to be present during the proceedings. In a statement, the ICC said Duterte would skip the June 23 hearing in The Hague, Netherlands, after...
BINI member Aiah Arceta has addressed speculation linking her to actor and singer Kyle Echarri. Rumors surfaced after a TikTok video showed Aiah and Kyle at Mactan-Cebu International Airport. The buzz grew further when photos circulated online showing Kyle joining Aiah and several companions during...
The International Criminal Court (ICC) has allowed former president Rodrigo Duterte to skip the first status conference in his case later this month after his defense team informed the tribunal that he wished to waive his right to appear. In a seven-page order dated May 22, ICC Trial Chamber III...
Sparkle GMA Artist Center strengthened its talent roster further signing content creators Nicole Fortuna and Baninay Bautista, along with actor Kobie Brown. The contract signing was held May 12, at the GMA Network Center. Nicole, a Filipina-British content creator known for her relatable lifestyle...
