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
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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If the Philippines truly wants this new economic status to have meaning, the benefits of growth must become more inclusive.
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The recent reclassification is not just a statistical achievement but a pivotal moment that should drive stronger support for local industries.
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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,…
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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…
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Manila Water Co. is strengthening its defenses against El Niño and dwindling allocations from Angat Dam by expanding its alternative water sources, with its…
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The World Bank confirmed the Philippines’ upgrade to the upper-middle-income category in its latest country income classification update on Wednesday, after…
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Investors and creditors may view the new classification as a signal of continued development and readiness for capital.
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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…
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‘The nation’s call for vengeance must ring in the ears of the whole world.’
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The Securities and Exchange Commission (SEC) wants to turn the Philippines’ new upper-middle-income status into higher investment by pressing ahead with…
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The threshold only asks whether a household can cover minimum basic needs. It says nothing about savings, emergencies, or plans beyond next payday.
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DOHA, Qatar (AFP) — The next indirect United States-Iran talks will come after the late Iranian supreme leader’s funeral, mediators said Thursday, as diplomacy…
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The amount remains far below the P1,312 daily living wage estimated by IBON Foundation for a family of five.
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