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

The Philippines has reached upper-middle income (UMIC) status, the World Bank said. In its latest income assessment released Wednesday, the World Bank reported that the Philippines' gross national ...

DESPITE external headwinds weighing on the Philippine economy, the World Bank said it expects economic growth to rebound ...

MANILA, Philippines — The country’s recent ascent to upper-middle income country (UMIC) status will not affect the World Bank ...

The Philippines was among six countries that moved to a higher income category in the latest update. Jordan, Micronesia, the ...

The real challenge facing the Philippines is no longer simply to become wealthier, but to become better governed ...

The World Bank upgrade marks a long-sought economic milestone for the Philippines, but high prices, underemployment, and income inequality continue to plague millions of Filipinos ...

MANILA, Philippines — The World Bank has maintained its growth forecasts for the Philippines for this year and the next, despite spillovers from the Middle East conflict. In its June 2026 Global ...

MANILA, Philippines — The Philippines has attained upper-middle-income status, the World Bank said on Wednesday, marking a long-sought milestone that underscores the country’s economic gains and is ...

Philippines achieves World Bank upper-middle income status in 2026, with GNI per capita reaching $4,850, and DEPDev Secretary Arsenio Balisacan says growth remains inclusive.

MANILA, Philippines — The Philippines has officially attained upper-middle-income status under the World Bank’s latest income classification, reflecting sustained growth in recent years. Economists, ...

The Philippines has officially entered the World Bank’s upper middle income country (UMIC) category after nearly four decades in the lender’s lower middle income classification. In its latest income ...