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...
SEATTLE (AP) — Belgium overturned a two-goal deficit and scored from the penalty spot deep into extra time to beat Senegal, 3-2, on Wednesday, July 1, in the biggest comeback of the World Cup so far. Senegal held a 2-0 lead with just 5 minutes of regulation time remaining but late goals by Romelu...
ATLANTA (AP) — England handled the pressure and is now headed to Mexico City. Harry Kane ensured England avoided an early exit from the inaugural 48-team World Cup by scoring two second-half goals in a come-from-behind 2-1 win over Congo in the round of 32 on Wednesday, July 1. The late victory,...
SANTA CLARA, California (AP) — Folarin Balogun scored his third goal of the World Cup before being sent off with a red card in the second half, and Malik Tillman converted on a free kick to give the 10-man United States squad a 2-0 win over Bosnia-Herzegovina on Wednesday night, July 1, to...
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 World Bank has called for faster climate-proofing in the Philippines as floods continue to be a threat. And it doesn’t help that corruption continues to undermine the very infrastructure designed to protect lives, businesses, jobs, and the economy. The warning from the World Bank’s June 28...
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...
KYIV, Ukraine (AP) — Ukrainian forces struck Russia 's major Ufa oil refinery for the second time in a week, Ukrainian President Volodymyr Zelenskyy said Wednesday. Almost daily long-range attacks on Russian oil facilities have created a fuel crisis and heaped political pressure on the...
MEXICO CITY (AP) — The 40-year wait is over. Mexicans had learned to live with defeats in the knockout stages of the World Cup. On seven occasions, El Tri fans were left heartbroken at this stage. Not anymore. Julián Quiñones and Raúl Jiménez scored within a nine-minute span in the first half...
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...
BEIJING (AP) — China 's leader held up his country 's rapid industrialization as a new pathway for developing nations in a speech Wednesday that projected a growing confidence both at home and on the world stage. Xi Jinping, now in his 14th year in power, noted that China achieved in a...
