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
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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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 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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The Philippines’ promotion to upper middle-income economy status is expected to strengthen its standing among global investors, with the American Chamber of…
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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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More Filipinos could benefit from stronger job creation, higher incomes, and increased investment after the Philippines officially graduated to…
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The Federation of Philippine Industries (FPI) and the Philippine Chamber of Commerce and Industry (PCCI) are urging a balanced approach to the newly approved…
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The German-Philippine Chamber of Commerce and Industry (GPCCI), under the patronage of the German Ambassador to the Philippines, H.E. Andreas Pfaffernoschke,…
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Vehicle sales rose nearly 24 percent in May from the previous month as demand improved across various segments, according to the Chamber of Automotive…
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Efforts to modernize customs operations and reduce trade bottlenecks have earned Customs Commissioner Ariel Nepomuceno recognition as Asia’s Most Outstanding…
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