Philippines’ UMIC label: A prosperity mirage?
Before we start celebrating and patting ourselves on the back, what, in fact, is the reality on the ground?
· 3 MIN READ
Daily TribuneTopic
Before we start celebrating and patting ourselves on the back, what, in fact, is the reality on the ground?
· 3 MIN READ
Presidential Communications Office (PCO) Undersecretary Claire Castro countered the statements of Davao City Mayor Baste Duterte regarding the administration's…
· 2 MIN READ
The National Home Mortgage Finance Corp. (NHMFC) has earned a consecutive unmodified opinion from the Commission on Audit (CoA) for its financial statements…
· 2 MIN READ
The Middle East (ME) ceasefire that the world had hoped would hold up — which had primarily reduced fuel import prices on which the Philippines is heavily…
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Market sentiment improved after various reports, including from prominent Saudi-owned Al Arabiya, a leading news network in the Middle East, of diplomatic US…
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US President Donald Trump on Wednesday said the ceasefire with Iran was “over” after fighting flared between the two countries sparked by Iranian attacks on…
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If the Philippines truly wants this new economic status to have meaning, the benefits of growth must become more inclusive.
· 3 MIN READ
The recent reclassification is not just a statistical achievement but a pivotal moment that should drive stronger support for local industries.
· 2 MIN READ
A certain occupant of the Palace by the Pasig River couldn’t wait to crow about a shiny new label from Washington: upper middle-income country, they called it,…
· 2 MIN READ
Economic milestones are important because they tell us our country is moving forward, but they should also remind us that our responsibility to care for one…
· 2 MIN READ
The Commission on Elections (Comelec) has received an unmodified opinion from the Commission on Audit (CoA) for fiscal year 2025, marking its third consecutive…
· 1 MIN READ
Manila Water Co. is strengthening its defenses against El Niño and dwindling allocations from Angat Dam by expanding its alternative water sources, with its…
· 1 MIN READ
The World Bank confirmed the Philippines’ upgrade to the upper-middle-income category in its latest country income classification update on Wednesday, after…
· 5 MIN READ
Investors and creditors may view the new classification as a signal of continued development and readiness for capital.
· 3 MIN READ
We need to stop falling for the press releases. We need to stop letting macroeconomics gaslight our daily suffering. It is time to get angry.
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Claims that the Philippines’ newly attained upper-middle-income country (UMIC) status could affect its access to concessional financing should be viewed with…
· 2 MIN READ
‘The nation’s call for vengeance must ring in the ears of the whole world.’
· 2 MIN READ